Aircraft purchase offer

Aircraft Purchase Offer

Ref: _____________(make/model) serial number ____, N_______ (the “Aircraft”)

Purchaser offers to purchase and Seller agrees to sell the above referenced Aircraft subject to

the following:

1. Purchase Price: The purchase price shall be $__________________ USD.

2. Deposit: Upon written acceptance of this Offer, Purchaser shall make an immediate

refundable escrow deposit in the amount of $ 1000,000 USD to Insured Aircraft Title Service,

Inc. (“Escrow Agent”). Purchaser and Seller shall share equally any escrow fees incurred. Prior

to rectification of any discrepancies found during the pre-purchase inspection as outlined below,

Purchaser shall accept or reject the aircraft in writing within 2 days following completion of the

pre-purchase inspection. Upon acceptance, the deposit shall become non-refundable, subject

only to Seller’s performance hereunder.

3. Inspection: This Offer is subject to Purchaser’s satisfaction with a pre-purchase inspection

of the Aircraft, aircraft and engine logbooks, airframe, engines and avionics including a test flight

of at least one hour, to be commenced within 5 days at a mutually agreed upon facility to

determine the Aircraft is in compliance with Paragraph 5 below.

4. Expenses: Purchaser expressly agrees that all costs of the pre-purchase inspection and

movement expenses shall be for Purchaser’s account and that they may be deducted from the

deposit in place with the Escrow Agent. The Aircraft shall not be flown, except for delivery,

following the inspection.

5. Condition: Aircraft shall be delivered at the Seller‘s expense:

(1) With all systems and avionics functioning normally and an FAA certificate of Airworthiness

(2) Current on it’s maintenance program with no deferments or extensions;

(3) With all AD’s and mandatory SB’s accomplished and with a current FAA Certificate of

Airworthiness;

(4) With complete logbooks, flight manuals, and spare parts /accessories in owners possession;

(5) Free and clear of all liens or other encumbrances.

6. Delivery & Closing: Final payment for the aircraft shall occur no later than __________ or

following Sellers compliance with Paragraph 5 above. Final payment and Delivery shall

occur simultaneously through the Escrow Agent. Prior to Delivery, the parties agree to

execute an Aircraft Sales Agreement incorporating these terms. Prior to delivery, Seller shall

execute and place an FAA Bill of Sale with the Escrow Agent. This contract and all

negotiations shall remain strictly confidential.

7. This offer is valid until 5pm ____________________(date)

SELLER: PURCHASER:

_______________________ _________________________

(Company name) (Company name)

______________________ _________________________

(Signature) (Signature)

Title: ___________________ Title: _____________________

Date: ___________________ Date: _____________________

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