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A00787990 (a) Buyer has deposited the amount of One Million U.S. Dollars (USD$1,000,000.00) (the "Deposit") in escrow (the "Escrow Account") with Insured Aircraft Title Service, Inc. in Oklahoma City, Oklahoma, as escrow agent (the "Escrow Agent"); and (b) Forty Six Million U.S. Dollars ($46,000,000.00), representing the
h a 'Party". WHEREAS, Seller is the owner of the legal and beneficial title to the Aircraft (as defined below); and WHEREAS, Seller desires to sell the Aircraft to Buyer, and Buyer desires to purchase the Aircraft from Seller, pursuant to the terms and conditions set forth in this Agreement, Now, therefore, in consi
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the following schedule: 1.3.1 Deposit. Buyer has previously deposited the sum of Five Hundred Thousand Dollars (US$500,000.00) (the "Deposit") with Insured Aircraft Title Service, LLC, 21 E. Main Street, Suite 100, Oklahoma City, OK 73104 Attn: Joan Roberts HAS Doe #58455759 v7 CONFIDENTIAL Subject to Protective Order IAT
complied with by Seller, on or prior to the time of the Closing, 5.3 Conditions to Seller's Obligation to Sell. The obligation of Seller to sell the Aircraft to Buyer is subject to the satisfaction by Buyer or, if applicable, the waiver by Seller of each of the following conditions on or prior to the Closing Date:
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service by the Inspection Facility. 3) Not later than one Business Day following Buyer's acceptance of this Proposal, Buyer shall wire transfer to Insured Aircraft Title Service, Oklahoma City, Oklahoma, (the "Escrow Agent") a refundable good faith deposit in the amount of Five Hundred Thousand United States Dollars (US$500
ler shall have delivered to the FAA Counsel, in escrow: (A) an executed undated FAA Form 8050-2, "Aircraft Bill of Sale", transferring ownership of the Aircraft to Buyer; (B) an Aircraft Limited Warranty Bill of Sale executed by Seller but undated; (C) releases of any liens and encumbrances created by Seller or any
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service by the Inspection Facility. 3) Not later than one Business Day following Buyer's acceptance of this Proposal, Buyer shall wire transfer to Insured Aircraft Title Service, Oklahoma City, Oklahoma, (the "Escrow Agent") a refundable good faith deposit in the amount of Five Hundred Thousand United States Dollars (US$500
ler shall have delivered to the FAA Counsel, in escrow: (A) an executed undated FAA Form 8050-2, "Aircraft Bill of Sale", transferring ownership of the Aircraft to Buyer; (B) an Aircraft Limited Warranty Bill of Sale executed by Seller but undated; (C) releases of any liens and encumbrances created by Seller or any
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Mutual Connections (50)
Entities connected to both Insured Aircraft Title Service and the Aircraft to Buyer
Oklahoma City
LOCATION136 w/ Insured·2 w/ the
George W. Bush
PERSON71 w/ Insured·3 w/ the
Oklahoma
LOCATION42 w/ Insured·3 w/ the
the State of New York
LOCATION11 w/ Insured·5 w/ the
HERETO
ORGANIZATION9 w/ Insured·4 w/ the
the International Registry
ORGANIZATION11 w/ Insured·2 w/ the
U.S. Department
ORGANIZATION11 w/ Insured·2 w/ the
Cape Town
LOCATION6 w/ Insured·3 w/ the
the Deposit to Buyer
ORGANIZATION4 w/ Insured·5 w/ the
LB
Leon Black
PERSON6 w/ Insured·2 w/ the
MERCHANTABILITY
ORGANIZATION5 w/ Insured·2 w/ the
the Inspection Facility's
ORGANIZATION4 w/ Insured·3 w/ the
the Inspection Facility
ORGANIZATION5 w/ Insured·2 w/ the
the Office of Foreign Assets Control
ORGANIZATION3 w/ Insured·3 w/ the
Savannah
LOCATION4 w/ Insured·2 w/ the
the Specially Designated Nationals and Blocked Person List
ORGANIZATION3 w/ Insured·3 w/ the
DA
Daugherty
PERSON4 w/ Insured·2 w/ the
PE
Peregrin
PERSON4 w/ Insured·2 w/ the
Fowler
PERSON4 w/ Insured·2 w/ the
Haught & Jenson
ORGANIZATION4 w/ Insured·2 w/ the