This agreement is entered into this day May 21, 2024, by and between [BUYER NAME], (the "Buyer"), whose principal address is ; [BUYER ADDRESS] and [SELLER NAME], the seller whose address is: [SELLER ADDRESS]

All parties do hereby agree as follows:

Sale of Aircraft. Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller the following Aircraft (the "Aircraft"):

Aircraft Make: Piper
Aircraft Model: Arrow III
Aircraft Year: 1989
Aircraft Registration Number: N530PU
Aircraft Serial Number: 2837038

Seller warrants that Seller holds legal title to the Aircraft and that title will be transferred to Buyer free and clear of any liens, claims, charges, or encumbrances. Upon delivery of the Aircraft and FULL payment of the balance of the purchase price, in accordance with this Agreement, Seller shall execute a bill of sale granting good and marketable title to the Aircraft.

2. Consideration. It is agreed that the price of the Aircraft is $159,900 and is due on delivery of the Aircraft. All monies paid in accordance with this Agreement, other than the deposit, will be made by wire transfer. Final payment shall be made within 10 days of this agreement unless otherwise agreed by both parties in writing.

3. Escrow. It is agreed that if an escrow company is requested by either party, that party is responsible for ALL related expenses. Both parties may mutually agree to share cost of escrow.

4. Deposit. The Buyer shall pay a deposit of $1,000 to Virtual Airplane Broker, LLC, which shall be credited to the purchase price of the Aircraft. The deposit is refundable only if the buyer's physical inspection, either in person or via designated inspector, determines that the aircraft is not satisfactory to the buyer. Buyer must request refund of deposit in writing via electronic mail within the term of this agreement.

5. Buyer shall pay for cost of pre-purchase Inspection by mechanic of buyers

6. Warranties. This Aircraft is sold "as is." There are no warranties, either express or implied with respect to merchantability or fitness applicable to the Aircraft or any equipment applicable thereto including warranties as to the accuracy of the Aircraft's logbooks, made by Seller. Buyer agrees that no warranty has been expressed or implied by Seller and that Buyer has inspected the Aircraft and understands that it is being purchased "as is." Buyer hereby expressly waives any claim for incidental or consequential damages, including damages resulting in personal injury against Seller.

7. Seller's Inability to Perform.

(a) If the Aircraft is destroyed or in Seller's opinion damaged beyond repair, or is seized by the United States Government, Seller shall promptly notify Buyer. On receipt of such notification, this Agreement will be terminated and the Seller shall return to Buyer all payments made in accordance with this Agreement, and Seller will be relieved of any obligation to replace or repair the Aircraft.

(b) Seller will not be responsible or deemed to be in default for delays in performance of this Agreement due to causes beyond Seller's control and not caused by Seller's fault or negligence.

8. Buyer's Inability to Perform. If, for any reason, the Buyer is unable to pay the balance of the purchase price of the Aircraft, as specified in this Agreement, Seller shall no longer be obligated to hold the aircraft for Buyer and shall be free to sell to another party.

9. Taxes. The Buyer shall pay any sales or use tax imposed by a state or local government, which results from the sale of the Aircraft.

10. Term of agreement. The term of this agreement shall be 10 days.