📄 Extracted Text (434 words)
COMMISSION AGREEMENT FOR BOEING 727-100 S/N 20115 N908JE
THIS COMMISSION AGREEMENT ("agreement") entered into this 26'h day of February.
and Fly Wright
2014 by and among JEGE, Inc. ("JEGE'), Equus Global Aviation LLC ("Equus"),
Aviation, LLC ("Wright").
WITNESSETH
WHEREAS, Wright will introduce upon execution of this Agreement the prospective
urchaser, Aerosky, Inc with physical address at San Antonio, TX, telephone number
email addres (the -Purchaser"), for the purchase of
one BOEING 727-100 S/N 20115 N908JE Aircraft (the "Aircraft") which is currently owned by
JEGE and represented for sale by Equus; and
WHEREAS, Wright has agreed to a brokerage commission fee of 5200,000 USD, based
upon an "As-Is, Where-Is" sale at a sales price of not less than $2,500,000 USD, which
commission is to be paid by JEGE only in the event of the closing of such sale of the Aircraft by
JEGE to the Purchaser; and
WHEREAS, the undersigned parties desire to memorialize their Agreement in writing
so far as it pertains to a commission fee to be paid by JEGE to Wright.
NOW THEREFORE, in consideration of the foregoing and the mutual covenants, terms
and conditions contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the undersigned parties hereto agree as
follows:
1. That only in the event of a closing of the sale of the Aircraft by JEGE to Purchaser in the
Aircraft's current "As-Is, Where-Is" condition at a sales price of not less than
$2,500,000 USD, promptly following the completion of said closing, JEGE will authorize
the escrow/title agent selected for the sale of the Aircraft by the mutual agreement of
JEGE and Purchaser to pay Wright $200,000 USD from the proceeds of the sale, which
sum shall be distributed simultaneously with all other sums from escrow via wire
transfer at closing in immediately available funds to an account in the name of Fly
Wright Aviation, LLC as beneficial owner.
2. That the undersigned parties hereby further agree that the terms of this Agreement
are confidential and shall not be disclosed to any person not a party to this Agreement,
except to the attorneys, accountants, professional advisors, employees and other
representatives of the parties hereto, and/or in connection with litigation arising out
of this Agreement or the sale of the Aircraft, and/or under subpoena or other order
issued by a court of competent jurisdiction.
3. That this agreement may be signed in counterparts which, when taken together, shall
constitute the whole Agreement, and the signatures transmitted by facsimile or in pdf
form by email shall be sufficient to bind the parties hereto.
EFTA00602602
ℹ️ Document Details
SHA-256
a35323f2b1ae6453ca7f10bb38b9b05a2290e0af1acf19d94d9249b67773fc2d
Bates Number
EFTA00602602
Dataset
DataSet-9
Document Type
document
Pages
1
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