This agreement is entered into this day Apr 1, 2025, 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: Cessna
Aircraft Model: 182T
Aircraft Year: 2006
Aircraft Registration Number: N2438F
Aircraft Serial Number: 18281794
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
$359,900
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.