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Aircraft Sales Agreement

By Zach Arnold | December 2, 2020

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Any sale, use or similar taxation and any interest or penalty on these taxes (unless such interest or penalties are the result of an act or omission by or on behalf of the seller that is not authorized or ordered by other means by the buyer) resulting from the sale of the aircraft to the buyer, excluding income, capital gains or similar taxes that are imposed on the seller , are the buyer`s responsibility. When the seller receives a notification of similar sales, uses or taxes, audits, receivables, receivables or debts at risk, for which the buyer may be held liable in accordance with this section, the seller must immediately inform the buyer of such potential tax debt. The buyer has the right to control, manage or defend audits, claims, claims, proposals of liability or litigation relating to a use of the sale or a similar tax for which the buyer is responsible in accordance with this section. 1.1 (a) Subject to the provisions of this Agreement, the seller undertakes to sell and deliver the buyer and the buyer agrees to purchase and take all rights to the seller. Titel und Interesse an und an diesem bestimmten ____________________________________________________________________________________________________________________________________________________________________________________________________ und FAA-Registrierungsnummer N__________, zusammen mit zwei _______________________________________________________________________________________________________________________________________________________________________Modellmotoren mit den Seriennummern des Herstellers ___________ und __________ , und alle Ausrüstungen, Merkmale, Zubehörteile, Instrumente und Komponenten sowie andere darauf oder darauf angebrachte Teile, alle losen Ausrüstungen und Ersatzteile sowie alle Flugzeugdokumente im Sinne von Abschnitt 1.1(b) und wie hierzusätzlich auf Anlage A beschrieben (alle oben genannten Elemente qui sont “airplane”). (c) After proper and timely positioning of the aircraft at the delivery site and the execution of all commitments and agreements of the seller, the buyer must file the purchase price with Exeter 1031 Exchange Services, LLC, the qualified intermediary designated by the seller, by electronic transfer, and (ii) the seller and buyer will immediately notify the agent: (a) date and deposit of the FAA sale invoice in the civil registry ( b) the date and filing of the registration application for the aircraft and (c) the release of the warranty sales account to the buyer.

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