📄 Extracted Text (597 words)
COMMISSION AGREEMENT FOR BOEING 727-100 S/N 20115 N908JE
February.
THIS COMMISSION AGREEMENT agreement' ) entered into this 260 day of
and Fly Wright
2014 by and among JEGE, Inc. ("IEGE"), Equus Global Aviation LLC ("Equus"),
Aviation, LLC ("Wright").
WITNESSETH
WHEREAS, Wright will introduce upon execution of this Agreement the prospective
purchaser. Aerosky, Inc, with physical address at San Antonio. TX, telephone number (210)
the purchase of
829-1701. email address [email protected] (the •Purchaser ). for
one BOEING 727.100 S/N 20115 N908JE Aim aft (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 pnce of nut less than 52.500,000 USD, which
by
commission is to he paid by JEGE only in the event of the closing of such sale of the Aircraft
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 arc 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-ls, Where-Is" condition at a sales price of not less than
$2,500,000 USD. promptly following the completion of said closing, IEGE will authorize
the escrow/title agent selected for the sale of the Aircraft by the mutual agreement of
IEGE and Purchaser to pay Wright 5200,000 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 Agrreement or the sale of the Aircraft, and/or under subpoena or other order
issued by a court of competent lurisdiction.
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.
EFTA R1 00011202
EFTA01734050
4. This Agreement contains the entire agreement among the parties hereto with respect
to the subject matter hereof and there are no representations. promises, or
agreements, oral or otherwise. with respect to such subject matter, except as set forth
herein. Any and all prior representations, promises or agreements, whether written or
oral, with respect to the subject matter hereof are null and void and shall he
superseded in their entirety by this Agreement.
6. Upon Execution of this Agreement, lEGE and EQUUS shall be entitled to communicate
directly with the Purchaser in order to conclude this transaction.
IN WITNESS WHEREOF. and intending to be legally bound hereby. the parties hereto
have executed this Agreement as of the date first above written.
Fly Wright Aviation, LLC Equus Global Aviation, LLC
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By: Ralph L Wright
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Its: Managing Member
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IEGE, Inc.
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EFTA_R1_00011203
EFTA01734051
ℹ️ Document Details
SHA-256
af33346fb77afc2d7a3ceaccea9cda4d61ed4ec59d0817ffb181104e78c6f925
Bates Number
EFTA01734050
Dataset
DataSet-10
Document Type
document
Pages
2
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