Aircraft Commission Agreement

10 Sep , 2021   David  

1. The Owner hereby charges and appoints the Broker as the sole agent to sell the aircraft described herein and the exclusive right to list and solicit offers to purchase for a period of 90 days with extensions by mutual agreement between the Owner and the Broker. This Agreement will enter into force from that date, May 2020. This agreement will automatically continue with service life extensions as defined above until the relevant aircraft is sold or the aircraft brokerage contract either by the owner or by the broker. Termination must be made in writing within thirty (30) days of the expiration of this Agreement or the extension of this Agreement. 3. In the event that the aircraft is sold by the broker within the aforementioned period, whether the sale is negotiated by the broker or directly by the owner, the owner accepts and promises to pay the broker a commission as a percentage (%) of the gross sale price. The commission is based on the overall selling price of the aircraft, including the value of an accepted trade. The commission is paid to the U.S. dollar dealer in funds immediately available at the time of closing the trust related to the transaction.

6. It is also agreed that the owner will pay the broker the aforementioned commission if: (a) the sale of the aircraft takes place during the period indicated above; or (b) any bona fide offer declined by the owner in an amount equal to or greater than 100%; or (c) any sale of the aircraft within ninety (90) days of the termination of this Agreement to someone with whom the Broker has communicated, manifested and/or negotiated its representative or representative of the undersigned during the period of this Agreement. 7. The list price of the aircraft is in US dollars ($_____ USD). 11. All messages provided under this Agreement are sent by registered letter or registered letter to the right party at the address indicated above or by e-mail. Either Party may change this address by written notice to the other Party. 2.

The entrance to the aircraft is described as follows (the “aeroplane”): 10. This Agreement constitutes the sole and exclusive agreement between the Parties and supersedes all prior written or oral agreements between the Parties on the subject matter of this Agreement. In addition, this Agreement may only be modified or supplemented by written acts dated after the date of this Agreement and performed by all Parties. Since: _____ ___ _ _. .