EFTA Document EFTA01734050

COMMISSION AGREEMENT FOR BOEING 727-100 S/N 20115 N908JE THIS COMMISSION AGREEMENT agreement' ) entered into this 260 day of February. 2014 by and among JEGE, Inc. ("IEGE"), Equus Global Aviation LLC ("Equus"), and Fly Wright Aviation, LLC ("Wright"). WITNESSETH WHEREAS, Wright will introduce upon execution of this Agreement the prospective purchaser. Aerosky, Inc, with physical address at San Antonio. TX, telephone number (210) 829-1701. email address [email protected] (the •Purchaser ). for the purchase of one BOEING 727.100 S/N 20115 N908JE Aim aft (the "Aircraft") which is currently owned by JEGE and represented for sale by Equus: and WHEREAS, Wright has agreed to a brokerage commission fee of 5200,000 USD, based upon an "As-Is, Where•Is' sale at a sales pnce of nut less than 52.500,000 USD, which commission is to he paid by JEGE only in the event of the closing of such sale of the Aircraft by JEGE to the Purchaser; and WHEREAS, the undersigned parties desire to memorialize their Agreement in writing so far as it pertains to a commission fee to be paid by JEGE to Wright. NOW THEREFORE. in consideration of the foregoing and the mutual covenants, terms and conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which arc hereby acknowledged, the undersigned parties hereto agree as follows: 1. That only in the event of a closing of the sale of the Aircraft by JEGE to Purchaser in the Aircraft's current "As-ls, Where-Is" condition at a sales price of not less than $2,500,000 USD. promptly following the completion of said closing, IEGE will authorize the escrow/title agent selected for the sale of the Aircraft by the mutual agreement of IEGE and Purchaser to pay Wright 5200,000 USD from the proceeds of the sale, which sum shall be distributed simultaneously with all other sums from escrow via wire transfer at closing in immediately available funds to an account in the name of Fly Wright Aviation, LLC as beneficial owner. 2. That the undersigned parties hereby further agree that the terms of this Agreement are confidential and shall not be disclosed to any person not a party to this Agreement, except to the attorneys, accountants, professional advisors. employees and other representatives of the parties hereto, and/or in connection with litigation arising out of this Agrreement or the sale of the Aircraft, and/or under subpoena or other order issued by a court of competent lurisdiction. 3. That this agreement may be signed in counterparts which, when taken together, shall constitute the whole Agreement. and the signatures transmitted by facsimile or in pdf form by email shall be sufficient to bind the parties hereto. EFTA R1 00011202 EFTA01734050 4. This Agreement contains the entire agreement among the parties hereto with respect to the subject matter hereof and there are no representations. promises, or agreements, oral or otherwise. with respect to such subject matter, except as set forth herein. Any and all prior representations, promises or agreements, whether written or oral, with respect to the subject matter hereof are null and void and shall he superseded in their entirety by this Agreement. 6. Upon Execution of this Agreement, lEGE and EQUUS shall be entitled to communicate directly with the Purchaser in order to conclude this transaction. IN WITNESS WHEREOF. and intending to be legally bound hereby. the parties hereto have executed this Agreement as of the date first above written. Fly Wright Aviation, LLC By: Ralph L Wright Its: Managing Member IEGE, Inc. By: Its: Equus Global Aviation, LLC BgRzZ I t s : a . , a - a - a t t h Aver .6,m- trivet_ EFTA_R1_00011203 EFTA01734051