AIRCRAFT PURCHASE AGREEMENT
THIS AIRCRAFT PURCHASE AGREEMENT (this "Agreement") is entered
into as of September , 2018, by and between JEGE, LLC, a U.S. Virgin Islands limited
liability company, whose address is 6100 Red Hook Quarter, B3, St. Thomas, U.S. Virgin
Islands ("Seller"), and DOMINUS HOLDING LTD, a , whose
address is One Lane Hill, East Broadway Hamilton HM19, Bermuda ("Purchaser").
RECITATIONS:
Subject to the tents and conditions set forth in this Agreement, Seller desires to
sell, transfer, and deliver to Purchaser, and Purchaser desires to purchase, one used 1988
Gulfstream G-IV aircraft, as more fully described in Exhibit —F. bearing manufacturer's serial
number 1085, and currently registered with the United States Federal Aviation Agency (the
"FAA") as N1201E, together with said aircraft's two engines (subject to Section 5(g) hereof),
and with all avionics, equipment systems, furnishings and accessories installed on, contained in
or attached to said aircraft and engines, and also including all airframe, engine and accessory
logbooks, flight and operation manuals, maintenance and overhaul records, and all other
records and paperwork relating to the above-described aircraft and engines in Seller's
possession (collectively, the "Aircraft").
NOW, THEREFORE, in consideration of the mutual promises and covenants
herein contained, and other good and valuable consideration, the parties hereto agree as
follows:
1. Purchase Price: Payment. Seller agrees to sell, and Purchaser agrees to
purchase, the Aircraft for a total purchase price of Three Million One Hundred Thousand
U.S. Dollars (US $3,100,000.00) (the "Purchase Price"), which shall be paid as follows:
(a) Upon execution of this Agreement, Purchaser shall place a deposit of
Two Hundred Fitt Thousand U.S. Dollars (US $250,000) (the "Deposit") in escrow with
Insured Aircraft Title Services (the "Escrow Agent"). 21 E. Main Street. Suite 100
Oklahoma City. OK 73104. Attention: Joan Roberts. Reference: N1201E. subject to the
terms of this Agreement, The full-amount-balance of the Purchase Price in-is the amount of
Three—Two Million One—Eight Hundred Fifty Thousand U.S. Dollars (US
$3400,000:002,850.000) (the "Purchase Price Balance"). Thu
the-Closing,sekl-Porehese-Pureliase Price Balance shall be are-to-be-wire transferred to the
Escrow Agent prior to the Closing. The Escrow Agent shall place both the Deposit and the
Purchase Price Balance into the Special Escrow Account (as defined below) maintained with
Escrow Agent Insured-Aircraft Title & (tlie&ierow-Agener 2-1-E-r Mein
Sa:t... 100, Okhd.o...a Car, OK 73104, Att.artie, . IAA NI2OJE„
fewstamijor its disbursement to Seller at the Closing upon the satisfaction of the conditions
and requirements set forth in this Agreement.
1.1 Establishment of Special Escrow Account. As soon as is practical
following receipt-kW the the wire transfer of the Purchase Price Balance to the general escrow cannnented[01]:
Chuck Blone1rth
account of Escrow Agent maintained at Bank of America , with an 2018-09-21 15:23:00
address at, Oklahoma City, Oklahoma 73102, the Escrow Agent shall cause the Deposit to be
transferred to, and maintained in, a special escrow account at said Bank created and
maintained solely and exclusively for the purpose of this transaction (the "Special Escrow
EFTA00796286
Account"); and Escrow Agent shall thereupon provide Seller and Purchaser with the number
of the Special Escrow Account and any other information pertinent thereto. The Denosit and
the Purchase Price Balance shall is-to-be held in escrow by Escrow Agent in the Special
Escrow A„e.at, andAccount and shall be payable 1,1„..id.bl, to Purchaser or payable-to the
Seller as provided by and in accordance with the express provisions of this Agreement.
Escrow Agent shall not place or hold any funds in the Special Escrow Account except for the
funds received in connection with the transactions contemplated by this Agreement.
2. Condition of the Aircraft.
(a) At the time of Seller's delivery to Purchaser of the Aircraft at the
Closing, the Aircraft will be delivered to Purchaser: (a) with good and marketable title, free
and clear of all liens and encumbrances, (b) with complete and continuous log books and
maintenance records, (c) in an airworthy condition with a valid FAA standard airworthiness
certificate, (d) with all components and systems in normal working order, (e) with no damage
history or material corrosion, (f) in compliance with the mandatory portions of all FAA
airworthiness directives and mandatory service bulletins that have been issued with respect to
the Aircraft with due dates on or prior to closing, (g) current, as of closing on the
manufacturer's recommended inspection and maintenance programs with all hourly, cycle
and calendar inspections required under such program complied with without deferral, -(h)
with all paperwork necessary to deregister the Aircraft for export to Bermuda at closing, and ONIIIIWIESEK82]: The Export requirement could
potentially be construed as conflicting with
(i) with all engine, APU, and other enrolled programs fully paid up through the date of SC below. -
Closing and conforming to the specifications detailed in Exhibit For purposes hereof, Chuck Biervirth
2018-09-21 15:56:00
"Normal Working Order" shall mean a condition which (i) is consistent with the
COMfnented INOUE]: I AM UNIJIARE OF THE
specifications, limitations and requirements of the maintenance and/or operations manual CONFLICT. PLEASE SPECIFY NSA? THE CONFLICT
applicable to the unit, (ii) is good, but not necessarily perfect, it being understood and agreed IS.
Micro
that normal wear and tear, including any blemishes in the cosmetic appearance of the interior, 2018-09-22 08:31:00
which does not materially impair performance of the unit shall be acceptable, and (iii) does
not require a modification to the normal life limitation, overhaul or inspection interval of the
unit. Adclitionatk-if-tbainft-efingines-(derised-iii-narawapl elew)-liame-ne;-yet Commented (14OU4): PLEASE GET REAMER
COMFORT TOO REQUIRE FROM ROLLS ROYCE Oil TUE
berl-^,:”}Ft-tkil-on-theaireraft-theri-Seller-shall-pro3,4de-wficten-eentionation-from-Rells ISSUE.
Iliwee-that-ibt-gx-isi.ins-efingines-shall-be-Fetumed-110-tater-than40-Geteber,204.8-and-ilia; Microsoft Office User
2018-09-22 09:00:00
Purc-baser-chal
3. Pre-Purchase Inspection.
(a) Purchaser, or its agent, shall have a right to perform a pre-purchase
inspection of the Aircraft in accordance with this Section 3 at the facility of Gulfstream
Aerospace, located in Westfield, Massachusetts (the "Inspection Faculty"). Reasonably
promptly following the Unc.. execution of this Agreement Seller shall position the Aircraft to
the Inspection Facility tn, thz of bas..css eo Sept...tilvz. 24, 201K.
(b) The Pre-Purchase Inspection will be performed on behalf of Purchaser
and at Purchaser's cost and expense in order to dereftnine-whether-er-net-confirm that thethe
Aircraft conforms to the Delivery Condition as provided in Section 2 of this Agreement.
(c) Purchaser shall cause the Pre-Purchase Inspection to be commenced at
the Inspection Facility as soon as is reasonably practicable after Seller has positioned the
EFTA00796287
Aircraft to the Inspection Facility, and will endeavor to cause it to commence by not later
than 28Oetober -I 2018 subject to slot availability.:
(d) The scope and duration of the Pre-Purchase Inspection shall be as
provided on Exhibit A hereto, incorporated by this reference as if fully provided herein.
(e) Daring-As pan of its the-Pre-Purchase Inspection, Purchaser shall be
entitled, at its cost, to conduct al. .A.t.al Eiulfstreant-ARC-trflight test at conclusion of the
Pre-Purchase Inspection to be flown by the Seller's pilots with up to three (3) representatives
of Purchaser accompanying the flight, including, without limitation, a qualified co-pilot for
the flight test. All procedures to be adopted during such flight test, including, without
limitation, procedures ordinarily utilized in connection with Gulfstream ARCS fl g 11 tests
shall be as requested by the Inspection Facility or Purchaser and agreed to by Seller prior to
the commencement of such flight test or, if arising out of a condition or circumstance
occurring during said flight test, as may be requested by the Inspection Facility or Purchaser
and agreed to by Seller during said flight test, subject, however, at all times to the discretion
of the Seller's pilot who shall have absolute operational discretion and control over the
Aircraft. If an additional flight test is required at the conclusion of the rectification of any COMMenled (Wain WE DO NOT DISAGREE THAT
REASONABLE PROCEDURES REQUIRED BY ISE
agreed Discrepancies, the cost of the test flight shall be borne by Seller. INSPECTION FACILITY AND PURCHASER, SUCH AS
THOSE THAT WOULD BE REQUIRED FOR AN ARCS
FLIGHT MST MAY BE UTILIZED. HOWEVER,
(f) Purchaser shall, in its sole discretion, accept or reject the Aircraft by GULFSTREAM ARCS ORDINARILY HAS GULFSTRFAN
not later than two (2) business days following the completion of the Pre-Purchase Inspection PILOTS FLYING THE PLANE. IN THIS CASE
SELLER'S PILOT WILL FLY THE PLANE. INSPECTION
and ;3.:da.t.xthe receipt of a written inspection report from the Inspection Facility (the FACILITY AND PURCHASER ARE ONBOARD AND
"Inspection Report"), copies of which shall be made available to the Seller. Any difference, PURCHASER CAN HAVE ONE IF ITS QUALIFIED
REPRESENTATIVES SERVE AS A CO-PILOT, BUT
discrepancy or defect in the Aircraft from any of the Delivery Condition requirements in OPERATIONAL CONTROL SHALL ALWAYS BE WITH
Section 2 hereof is referred to in this Agreement as a "Discrepancy". The Inspection Report SELLER'S PILOT. THIS IS WHAT WE HAVE AGREED
TO IN THE PAST WHEN NE PURCHASE AIRCRAFT AND
shall note thereon each Discrepancy, if any, found during the Pre-Purchase Inspection IS APPROPRIATE.
(including, without limitation, during the test flight) and include written estimates of the costs MIcroaoft Carina Uaar
2018-09-22 09:20:00
to repair each Discrepancy so noted. At Purchaser's discretion, Purchaser shall either accept
the Aircraft in its "as-is", "where-is" and "with all faults" eanditiencondition. accept the
condition of the Aircraft subiect to Seller's rectification of any listed -orDiserepancies that
prevent the Aircraft from beine-airworthyconforminc with the Delivery Conditions - reject the
Aircraft. Purchaser's acceptance shall be evidenced by Purchaser's issuance to Seller of a
Certificate of Technical Acceptance in the form of Exhibit B attached hereto (the
"Certificate of Technical Acceptance"). If titc.e ar.. or.. o. ...o e obit+
eause-Purchaser in its discretion to eleccs not to proceed with the purchase of the Aircraft,
Purchaser shall deliver to Seller witteawrinen notice of Purchaser's termination of this
Agreement in the form of Exhibit C hereof (a "Termination Notice").
(g) If Purchaser has issued a Termination Notice in accordance with
Section 3(f), Escrow Agent shall refund to the Purchaser the Deposit and, if already received
the Purchase Price Balance, if--alroady—reseivet4r te—Purehaser whereupon all further
obligations of Seller and—Par-shaserand Purchaser pursuant to this Agreement shall cease.
(h) If Purchaser accepts the Aircraft "as is-" as evidenced by Purchaser's
execution and delivery of the Certificate of Technical Acceptance to Seller, if not already
transferred, the Deposit shall become nonrefundable. provided that there is no breach of this
Agreement by Seller requiring the return of the Deposit to Purchaser.
EFTA00796288
tin If Purchaser accepts the Aircraft subject to rectification of the
Discrepancies and Seller agrees to rectify the Discrepancies that
prevent the Aircraft front
then Purchaser's Ddeposit shall be become non- CannumlmodrNS]: There aro Delivery Conditions
asch as souk:moot list that aro not
refundable, subject, however, to the requirement that it be refunded nocosaarily airworthy Stoma.
solely in the event of a breach of this Agreement Default-by Seller. If WEI4A
2028-09-24 12:28:00
Seller refuses to correct any the—Discrepancies that prevent the
Airccraft from , then
Seller shall reimburse Purchaser for its Pre-Purchase Inspection costs
(as disclosed on Exhibit A hereto), and Escrow Agent shall return the
Deposit whereupon this Agreement shall terminate and neither party
shall have any further obligation to the other hereunder.
4. International Registry. At least one (I) day prior to the Closing, Seller
and Purchaser each, at its own expense, shall have obtained approval on the International
Registry at httpslAvww.intemationalregistry.aero to be a Transacting User Entity and such
approvals shall be a condition precedent to the Closing. Prior to the Closing, Seller and
Purchaser shall each designate Escrow Agent as Seller's and Purchaser's Professional User
Entity for purposes of requesting and providing consent to the registration of a searchable
Contract of Sale (Bill of Sale) evidencing the transfer of title to the Aircraft from Seller to
Purchaser.
5. Closing and Delivery.
ja.)_(a) . Purchaser and Seller agree that all transactions or acts
associated with the delivery of the Aircraft and its transfer to the Seller
hereunder shall be deemed to occur simultaneously as one continuous
act all of which shall be considered "Closing.
(b) The closing of the transactions contemplated by this Agreement ("the
Closing") and the delivery of the Aircraft to Purchaser shall take place
at Wilimington, Delaware or at such other place as the parties may
subsequently agree upon in writing (the "Closing Place"), es-Seefl-as-is
praefteahle-afteno later than five (5) business days from Purchaser's
delivery to Seller of the Certificate of Technical Acceptance and
Seller's rectification of any Discrepancies that prevent the Aircraft
front being
remuired-for-the-Aircraft-mtonfornywitivibeDetiyery-Conditionsbut-in
no-eyen-later than-live{5}husiness-days-alterstielt-deilyery, unless the
parties hereto shall mutually agree in writing on a later closing date
(the "Closing Date"). Seller and Purchaser hereby acknowledge that
the passing of title, possession and delivery of the Aircraft shall take
place within the state in which the Closing Place is located.
(b) Prior to the Closing, the following deliveries shall be made to the
Escrow Agent by the responsible party indicated:
(i) At least two (2) days prior to the Closing Date, Seller shall
deliver the following to Escrow Agent:
EFTA00796289
(A) A Warranty Bill of Sale in the form attached hereto as
Exhibit D transferring title to the Aircraft to Purchaser duly executed
by an officer or manager of Seller, with his or her title shown, but
undated (the "Warranty Bill of Sale");
(B) An FAA Bill of Sale for the Aircraft duly executed by
an officer or manager of Seller, with his or her title shown, but undated
(the "FAA Bill of Sale");
(C) All paperwork necessary to deregister the Aircraft for
export to Bermuda at closing, including, without limitation, an
irrevocable request to deregister the Aircraft with the FAA Civil
Aviation Registry, in a form approved by the FAA, executed by an
officer or manager of Seller, with his or her title shown, all said
paperwork and said export to be obtained at Purchaser's sole cost and
expense (the "DeregLstration Paperwork"); and
(D) All releases of liens, terminations or other documents, if
any, which may be necessary to enable Seller to transfer good and
marketable title to the Aircraft to Purchaser, free and clear of all liens,
claims and encumbrances (the "Curative Documents").
(ii) On or before the Closing Date, Purchaser shall deliver or cause
to be delivered to Escrow Agent the following:
(A) Purchaser shall wire transfer tThe Purchase Price
Balancervottieh-Pnittuse Balance Aran b.. ham*R....A into
the Special Escrow Account of Escrow Agent in accordance with wire
transfer instructions to be provided to Purchaser by Escrow Agent prior
to the Closing Date; and
(iii) In addition to the documents described above, Seller and/or
Purchaser may deliver or cause to be delivered to Escrow Agent such
other documents and with such instructions as may be subsequently
agreed upon in writing by the parties hereto and Escrow Agent.
The documents described in subparagraphs (i)r (ii.) and (iii) of this Section 5(b) are
hereinafter referred to collectively as the "Escrow Documents".
(c) Other than detiveryingdelivering the Deregistration Paperwork to the
Escrow Agent as provided herein, and to authorize the Escrow Agent to issue the
deregistration request to the FAA at Closing as provided in Section 5(e) below, Purchaser
rammented (CBI]:
m
,•
PLEASE ADVISE WHAT IS IN CONFLICT.
,
WE ARE
DELIVERING PAPERWORK REQUIRED TO DEREGISTER
THE AIRCRAFT AND WILL AUTHORIZE THE ESCROW
shall be solely liable to arrange for the deregistration of the Aircraft and export lathe Aircraft AG£VT TO FILE IT. PURCHASER HOWEVER MOST
ARRANGE FOR EXPORT AND REGISTRATION WITH
to Bermuda following Closing. Seller shall reasonably cooperate with Purchaser in BEISTMA AND WE WILL REASONABLY COOPERATE (HELP
connection with those efforts; provided, however, that Seller shall not be required to incur ANY WAY WE CAN SHORT OF HAVING TO PAY COSTS
THAT MOULD BE REQUIRES TO SE INCURRED TO
any costs or expense in doing the same. REGISTER THE AIRCRAFT IN BERMUDA) . NE
UNDERSTAND, HOWEVER, THAT MOVEICENT FROM FAA
REGISTRY TO BERMUDA REGISTRY IS NOT
(d) Prior to the Closing Date, each of Seller, Purchaser and Escrow Agent PROBLEMATIC.
shall notify each of the others in writing (either by correspondence, fax or e-mail) of the h.ok as.ant:etr.
2018-09-21 16:02:00
EFTA00796290
name or names and telephone number of each representative of the respective parties which is
to participate in the conference call to be conducted in connection with the Closing
(hereinafter the "Closing Conference Call"). The ClosingSonference Call shall be originated
by Purchaser on the Closing Date at on or about 10:00 M., U.S. Central Daylight Time, so
as to complete the Closing, including the filing of the Escrow Documents with the FAA
Registry in Oklahoma City, Oklahoma, prior to the closing of that office on the Closing Date.
(e) At the Closing, and after the representatives of each of Seller,
Purchaser and Escrow Agent have each announced their attendance on the Closing
Conference Call, provided that all of the requirements of Sections 5(b), (c) and (d) have been
complied with, then the following shall occur:
(4—
Escrow Agent shall confirm that it is in pocsecion the full
Purchase Price and half (112) —the Escrow Fee, and all
documents necessary for Closing.
fit) Seller's and Purchaser's onsite representatives shall confirm
that the Aircraft is at the Delivery Location and Purchaser has
executed the Delivery Receipt by transmitting a copy of the
executed Delivery Receipt to Escrow Agent.
(iii) Subject to ther provisions of Section 5(g) hereof, if (A) the
records of the FAA then reflect that Seller is the record owner
of the Aircraft and that said Aircraft is free and clear of all
recorded liens, claims and encumbrances (or will be upon the
filing of the Curative Documents held by the Escrow Agent,
which Curative Documents Escrow Agent shall have
authorization to release and/or file in accordance with this
Agreement), (B) the records of the International Registry do not
reflect the registration of any such liens, claims or
encumbrances against the (Aircraft, and there are no a.._ -(Caul: And Encino:,
Chuck Blortarth
registrations on the International Registry reflecting ownership 2018-09-21 16:06:00
of the Aircraft or any part thereof in the name of any third
party, and (C) Escrow Agent has not otherwise received notice
of any other lien, claim or encumbrance asserted by any third
party with respect to the Aircraft, then Escrow Agent shall so Commented(039): And nrqinAn' RESPONSE: TEE
ENSINES APR SUBJECT TO A LEASE AND ARE ON
advise the participants on the Closing Conference Call MAN. SO TEST CANNOT BE EPEE AND CLEAR OF
(iv) end-tThen but only then. Seller shall authorize Escrow Agent LIENS
Chuck 810tVt(th
to release the Bills of Sale in exchange for release of the 2018-09-21 :6:07:00
Purchase price. and Purchaser shall authorize Escrow Agent
to release the Purchase Price in exchange for the Bills of Sale
whereupon Escrow Agent shall hold the Bills of Sale for
Purchaser's benefit and immediately wire the Purchase Price to
Seller in accordance with wire transfer instructions which shall
be provided to Escrow Agent by Seller prior to the Closing
Date. As promptly as possible, Escrow Agent shall obtain and
provide the participants with the Federal Reference Number for
said wire and, immediately thereafter Escrow Agent shall file
the signed and dated FAA Bill of Sale and any other necessary
Escrow Documents with the FAA Registry for recordation and
release the Warranty Bill of Sale to Purchaser=.Seller—sitail
EFTA00796291
eutheriee—the—Eserew—Agent—to--r and proceed with the
deregistration of the Aircraft for export to Bermuda, and
Purchaser with the assistance of the Escrow Agent shall
procure the filing of an application for the deregistration of the
Aircraft at the FAA and request the FAA to deregister the
Aircraft from the FAA Civil Aviation Registry and transmit the
Deregistration Documents to the KAABermuda CAA. The
Escrow Agent shall obtain a copy of the Deregistration Telex
from the FAA and provide the same to Seller and Purchaser. In
addition, Escrow-Agent-shall-file-the-signed-WW-dated-FAA
B411-4-Sale-and-any-ether-neetary-Eserew-Deeninenu-with
the-FAA Reb:stry-for-reeerdatiop-andr upon doing so, shall then
notify each of the participants on the Closing Conference Call
of the time of filing of each such Escrow Document. Escrow
Agent shall also email to Purchaser a pdf of the signed and
dated Warranty Bill of Sale and the signed and dated FAA Bill
of Sale. Immediately following the above, the following shall
occur at the Closing Place:
(Y) Seller's representative shall deliver possession of the
Aircraft to Purchaser; and
(Z) Purchaser shall complete, execute and deliver to Seller a
Delivery Receipt in the form attached hereto as Exhibit E.
(ii) Immediately following the above, Escrow Agent, as the Professional
User Entity for each of Seller and Purchaser, shall electronically initiate and
consent to the registrations with the International Registry of the interests
created by the Warranty Bill of Sale (the same being referred to as a contract
of sale for purposes of the International Registry) with respect to the Aircraft.
(f) Following completion of the Closing as prescribed above, Escrow
Agent shall mail the hard copy original of the Warranty Bill of Sale to Purchaser at an
address specified by Purchaser.
(g) Anything' to the contrary provided in this Agreement notwithstanding. CAWililleithd(M10) Wood to COVLOW with
Purchaser's attorney. Since the engines would
Purchaser acknowledges that the two Rolls Royce Tay 611-8 engines ordinarily equipped on be back within days, it would be Butch simply
the Aircraft, Serial Nos. 16291 and 16292 (the "Existing Engines") have been removed and to have then reinstalled prior to closing.
NEM
delivered for overhaul—mid-life inspections and such overhaul as may be determined 2018-09-21 13:34:00
necessary by Rolls Royce pursuant to the Rolla'', Royce Corporate Care program covering the
Existing Engines, and that the two Rolls Royce Tay 611-8 engines currently equipped on the
Aircraft, Serial Nos. 16694 and 16642 are on loan from Rolls Royce Canada pursuant to the Cannwnded[C611]: I have no raniliarity with
thl , what exposure this night
terms and conditions of the Rolls-Royce Engine Lease Agreement, dated June 20, 2018,
contract number CC-18-JEGE LLC, pending the ovechatil-mid.life inspections and any such
required overhaul of the Existing Engines. Purchaser waives all provisions in this Agreement 20.
relating to the Delivery Condition of the Aircraft that pertain to the Existing Engines and the awnewenied[VVI2R11];
engines currently on loan from the manufacture land any provisions that do not and would not Ditto. I don't ..r.i..ratand why, it thre are
additional coats, they would become the
allow for any parts to be installed on the Aircraft on a temporary or loaner basis at responsibility or the buyer.
Closing.' Purchaser acknowledges that upon until completion of said mid-life Mae
2018-09-24 12:40:00
EFTA00796292
ittsnectionsoyeektul and any such required overhaul of the Existing Engines the replacement
engines will-be-currently provided under the Rolls Royce Corporate Care program covering
the Existing Engines at-are at no cost above and beyond the payments required in the ordinary
course under said Rolls Royce Corporate Care program. Purchaser further acknowledges that
said replacement will take place subsequent to Closing, that Seller's sole liability and
obligation to Purchaser in respect of the Existing Engines is to be current through the Closing
on its required payments under said Rolls Royce Corporate Care program, and that upon
Closing Seller shall have no liability with respect to the Existing Engines, the engines
currently equipped on the Aircraft or the replacement of the same. Purchaser assumes all
liability for the required payments under the said Rolls Royce Corporate Care program
covering the Existing Engines from and after the Closing. Purchaser agrees to indemnify and
hold harmless Seller from and against any—and—allall liability in respect of the Existing
Engines, the engines currently equipped on the Aircraft, the replacement of the same, and any
and—allall payments under the said Rolls Royce GermeateC'ornorate Care program with
respect to periods from and after the Closing. Purchaser's indemnification and hold harmless
obligation hereunder shall survive the Closing.
(It) If all of the conditions and requirements specified in this Section 5 are
not satisfied on or before the Closing Date (or such later date as Seller and Purchaser may OwnmenIWWDM13]: If the delivery condltlona
are not aatlaflod why should Enigma Agent hold
agree upon in writing and provide to Escrow Agent), then, except as otherwise expressly back the deposit?
provided in this Agreement, Escrow Agent shall do the following: NEM
2018-09-24 12:45:00
(i) Escrow Agent shall return to Seller those Escrow Documents
theretofore delivered to Escrow Agent by Seller and any other documents
which may be held on behalf of Seller by Escrow Agent, and Escrow Agent
shall return to Purchaser those Escrow Documents theretofore delivered to
Escrow Agent by Purchaser and any other documents which may be held by
Escrow Agent on behalf of Purchaser; and
(ii) If earlier received by Escrow Agent, the Purchase Price
Balance shall be returned to Purchaser, or in accordance with Purchaser's
instructions to Escrow Agent: and
(iii) Escrow Agent shall retain the Deposit until Seller and
Purchaser furnish Escrow Agent with a written agreement which gives Escrow
Anent instructions for payment of said funds or. if Escrow Anent is not
furnished with such a written agreement, Escrow Agent shall retain the
Deposit until Escrow Agent is ordered to pay said funds in accordance with
the final order of a court of competent jurisdiction. Ckinumental[M14]: DIZeuna vitt. FlorMuda
NOMA
2018-09-24 12:44:00
(;;) If ::•41;z1 by EaCf0V. AbA.t, th, Pereheae
al —II b.. t.. tvg H 'th I e D
handlochiWageordanea-witli-Parehasee-s-i4464FOCAS40-E64f0YFAgent,
6. Fee of Escrow Agent. The fee of Escrow Agent (which fee also
includes any out-of-pocket expenses incurred by Escrow Agent) for performing its duties
specified herein shall be paid by each of Purchaser and Seller in equal portions. Their
respective portions of said fee shall be paid by them to Escrow Agent as and when required
by Escrow Agent. In addition to its duties specified above, the duties of Escrow Agent shall
EFTA00796293
also include (a) delivering a written preliminary tide and lien report with respect to the
Aircraft's airframe, the Engines (subjection to the provisions of Section 5(g) hereof)-end-the
APIA and also a written post-closing title and lien report with respect to the same to each of 61Wilnielrbbi(CM151: Lion Tappets' aro available
for APO's?
Purchaser and Seller, and (b) as Seller's and Purchaser's Professional User Entity, making Chuck BLorvirth
registrations with the International Registry of the Warranty Bill of Sale (Contract of Sale) 2018-09-21 11:13:00
with respect to the transfer of title to the Aircraft from the Seller to the Purchaser, and
obtaining and providing Seller and Purchaser with post-closing Priority Search Certificates
issued by the International Registry with respect to the Aircraft.
7. Taxes.
(a) Seller warrants that there are no outstanding or delinquent taxes or
duties attributable to the Aircraft as of the Closing Date. Seller shall be responsible for and
shall pay, or reimburse Purchaser for, any and all excise, gross receipts, use, personal
property, transfer or similar taxes, assessments or duties, including interest or penalties
imposed thereon, and any costs incurred in defense of the nonpayment thereof, including
reasonable attorney's fees and expenses, arising out of, or incurred in connection with the use,
ownership, possession, maintenance or operation of the Aircraft prior to the Closing
including, without limitation, any income, capital gains or other similar taxes based on the
income of Seller or personal property or other similar taxes assessed or based upon Seller's
ownership or use of the Aircraft
(b) Purchaser shall be responsible for and shall pay, or reimburse Seller
for, any and all sales, excise, gross receipts, use, personal property, transfer or similar taxes,
assessments or duties including interest or penalties imposed thereon and any costs incurred
in defense of the nonpayment thereof, including reasonable attorney's fees and expenses,
arising out of, or incurred in connection with, the sale and delivery of the Aircraft to
Purchaser or the use, ownership, possession, maintenance or operation of the Aircraft after
die Closing, but specifically excluding any income, capital gains or other similar taxes based
on the income of Seller or personal property or other similar taxes assessed or based upon
Seller's ownership or use of die Aircraft prior to the Closing.
(c) The provisions of this Section 7 shall survive Closing.
8. Seller's Representations and Warranties. Seller hereby represents and
warrants to (or where so stated, Seller agrees in favor of) Purchaser that Seller has good and
marketable title to the Aircraft and on the Closing Date Seller will convey to Purchaser good
and marketable title to the Aircraft free and clear of any-end-eliall leases, liens, claims, rights
to purchase and encumbrances of any kind or nature.
9. LIMITATION OF WARRANTIES. EXCEPT FOR THE
REPRESENTATIONS AND WARRANTIES OF SELLER SET FORTH IN SECTION 8
HEREOF, ELSEWHERE IN THIS AGREEMENT OR IN THE WARRANTY BILL OF
SALE (THE "EXPRESS CONTRACT WARRANTIES"), THE AIRCRAFT AND EACH
PART THEREOF IS BEING SOLD TO PURCHASER HEREUNDER IN ITS "AS IS,
WHERE IS" CONDITION AND "WITH ALL FAULTS" EFFECTIVE AT THE CLOSING.
EXCEPT FOR THE EXPRESS CONTRACT WARRANTIES, NEITHER SELLER NOR
ITS AGENTS, REPRESENTATIVES OR EMPLOYEES MAKE ANY WARRANTIES,
EXPRESS OR IMPLIED, OF ANY KIND OR NATURE WHATSOEVER TO
EFTA00796294
PURCHASER. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING
DISCLAIMER OF REPRESENTATIONS AND WARRANTIES, THERE IS (I) NO
WARRANTY BY SELLER, ITS AGENTS, REPRESENTATIVES OR EMPLOYEES AS
TO THE AIRWORTHINESS OR PHYSICAL CONDITION OF THE AIRCRAFT, (II) NO
IMPLIED WARRANTY BY SELLER, ITS AGENTS, REPRESENTATIVES OR
EMPLOYEES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE
OF THE AIRCRAFT, (III) NO IMPLIED WARRANTY BY SELLER, ITS AGENTS,
REPRESENTATIVES OR EMPLOYEES ARISING FROM COURSE OF
PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE, AND (IV) NO
WARRANTY BY SELLER, ITS AGENTS, REPRESENTATIVES OR EMPLOYEES
AGAINST PATENT INFRINGEMENT OR THE LIKE. IN NO EVENT SHALL EITHER
PARTY HERETO BE LIABLE FOR ANY SPECIAL, INCIDENTAL OR
CONSEQUENTIAL DAMAGES OF ANY KIND. PURCHASER ACKNOWLEDGES
AND AGREES WITH THE PROVISIONS OF SECTION 5(G) OF THIS AGREEMENT.
10. Breaches and Remedies.
(a) Failure by Purchaser to pay the full Purchase Price at Closing in
accordance with this Agreement. or any other failure or refusal by Purchaser to perform any
of its obligations under this Agreement after notice of the same from Seller and an
opportunity to cure the same within five 15) days after receipt of such notice, or any material
misrepresentation by Purchaser pursuant to this Aereement. as a result of which the Closing
does not take Saul, shall, upon the actual or offered performance by Seller of all its GOnpntlddd(W16T: ghat la not occasioned by
the [allure of seller -.
obligations hereunder, constitute a breach of this Agreement by Purchaser and the panics NOMA
hereto expressly agree that in the event of such breach, the Deposit shall be forfeited by 2028-09-24 12:47:00
Purchaser, and the Deposit shall be distributed by Escrow Agent to Seller as liquidated
damages. Purchaser and Seller hereby agree that actual damages. if any, to Seller would be
speculative and difficult to ascertain, and the Deposit shall serve as complete liquidated
damages to Seller, and that the Deposit amount is a reasonable forecast of Seller's actual
damages in such event, and Purchaser shall have no further or other liability in connection
herewith. The foregoing remedy shall be Seller's sole and exclusive remedy, all other
remedies, including but not limited to direct monetary damages, as well as incidental and
consequential damages. being hereby WAIVED by Seller. The limitation of Seller's
remedies as set forth in this Section 10(a) shall not be construed to limit or otherwise
adversely affect Seller's post-closing remedies, should the Closing occur, for breach of any
express warranties by Purchaser set forth in this Agreement or the breach of any post-closing
obligations of Purchaser set forth in this Agreement.
(b) Failure by Seller to deliver to Purchaser in accordance with this
Agreement the Aircraft in the Delivery Condition, or to deliver in accordance with this
Agreement the Warranty Bill of Sale, the FAA Bill of Sale, or any other Closing documents
required hereby. or any other failure or refusal by Seller to perform any of its obligations
under this Agreement after notice of the same from Purchaser and an opportunity to cure the
same within five 15) days after receipt of such notice, or any material misrepresentation by
Seller pursuant to this Agreement, as a result of which the Closing does not take place. shall
upon the actual or offered performance by Purchaser of all of its obligations hereunder
constitute a breach of this Agreement by Seller. The parties hereto expressly agree that in the
event of such breach. Purchaser shall be entitled to the immediate return of the Deposit and, if
already delivered to Escrow Agent. the Purchase Price Balance, and in addition to such return
and the reimbursement of Purchaser's Pre-Purchase Inspection costs as provided for in
EFTA00796295
Section 3(h) hereof. The foregoing remedies. including those set forth in Section 3(h) hereof
shall be Purchaser's sole and exclusive remedies, all other remedies. including but not
limited to direct monetary damages. as well as incidental and consequential damages. being
hereby WAIVED by Purchaser. and Seller shall have no further or other liability in
connection with such breach. The limitation of Purchaser's remedies as set forth in this
Section 10(b) shall not be construed to limit or otherwise adversely affect Purchaser's post-
closing remedies, should the Closing occur, for breach of Seller's title warranties or the
breach of any nost-closing obligations of Seller set forth in this Agreement.
The _aerie. hereto .._.."ecsl y agr a hat i., t re e. 3_t of a.... b_ea"r. of this
Agreet either pasty. after notica and a rea:;onabb opportunity to cure. 1h3
Rewthase-Price-Balancer if-afteady-tklivered-te-the-aserev.i-Agetth-shallbe-returned-te
Rurehaser-end-tteinter-party-shall-have-any-further-liability-to-theethee
11. Performance. Force Majeure and Risk of Loss.
(a) In the event that the Aircraft is destroyed or damaged prior to the
Closing Date, this Agreement may be terminated in its entirety by either party without
liability to the other party, except that the-the Deposit and Purchase Price Balance, if already
delivered to Escrow Agent, shall be promptly refunded to Purchaser.
(b) Neither Seller nor Purchaser shall be responsible for any delay beyond
the Closing Date due to any cause beyond its control, including but not limited to the
following causes: civil wars, insurrections, strikes, riots, fires, floods, explosions,
earthquakes, any act of government or governmental priorities, allocations, regulation, or
orders affecting materials, act of God, or the public enemy, failure of transportation,
epidemics, or labor trouble causing slowdown or interruption of work.
(c) Exclusive care, custody and control of the Aircraft and all risks of loss,
damage or destruction to the Aircraft and any other property sold hereunder from any cause
whatsoever, including but without limiting the generality of the foregoing, risks of damage to
or loss or destruction of the Aircraft and liability to third parties for property damages,
personal injury or death, shall pass to and be assumed by Purchaser upon the filing of the
FAA Bill of Sale with the FAA and delivery of the Aircraft to Purchaser in accordance with
the provisions of this Agreement. Upon delivery of the Aircraft in accordance with the
provisions of this Agreement, Purchaser shall assume and, effective as of the completion of
the Closing, hereby assumes, all responsibility in connection with the Aircraft and all risks
incident to ownership, maintenance, repair, use and modification thereof.
12. Other Matters.
(a) Each party hereto agrees to execute and deliver such additional
documents and take such further actions as may be reasonably requested by the other party
hereto to fully effectuate and carry out the purposes of this Agreement.
(b) Except as expressly provided herein, the provisions of this Agreement
which by their terms are to be performed and observed after the Closing, and the several
representations, warranties and agreements of the parties herein contained, shall survive the
Closing.
EFTA00796296
(c) This Agreement sets forth the entire understanding of the parties hereto
with respect to the subject matter hereof and supersedes any and all prior agreements,
arrangements and understandings relating to the subject matter hereof. No representation,
promise, inducement or statement of intention has been made by either party which is not
embodied in this Agreement, and neither party shall be bound by, or be liable for, any alleged
representation, promise, inducement, or statement of intention not embodied herein.
(d) This Agreement may be executed in one or more counterparts, and all
such counterparts shall constitute one and the same instrument.
(e) No modification or amendment of this Agreement shall be binding
unless it is in writing and signed by each of the parties hereto.
(f) All notices required or permitted hereunder shall be in writing and,
except as may otherwise be provided herein, shall be deemed to be given when delivered
personally, or within three (3) business days after mailing, if mailed by registered or certified
mail, return receipt requested, postage prepaid, or on the date of transmission, if sent by
facsimile or e-mail (and written confirmation of transmission is provided), addressed to the
other party for whom it is intended at the address facsimile number or email address set forth
below, or to such other address as may hereafter be designated in writing by either party
hereto to the other party hereto:
If to Seller:
JEGE, LLC
do Darren K. Indyke, PLLC
575 Lexington Avenue, 4th Floor
New York, New York 10022
Fax (646 350-0378
Email:
If to Purchaser:
Dominus Holding Ltd.
One Lane Hill,
East Broadway Hamilton HM 19
Bermuda
Attention:
Fax:
Email:
(g) Any signatures on this Agreement may be transmitted via facsimile or
e-mail (in pdf format), which signatures shall be deemed originals for all purposes if
transmitted in accordance with Section 12(1) above.
(h) Neither any failure nor any delay on the part of either party hereto in
exercising any right hereunder shall operate as a waiver thereof, nor shall any single or partial
waiver or exercise of any right hereunder preclude any other future single or partial waiver or
EFTA00796297
exercise of any right hereunder. No waiver hereof shall be effective unless it is writing
signed by the party hereto to be charged with the same and then it shall only be effective as to
the specific matter and in the specific instance stated in such writing.
(i) The descriptive headings of the several sections of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement.
(j) This Agreement shall be construed and enforced in accordance with
the laws of the U.S. Virgin Islands, excluding its conflicts of laws rules, and, to the extent
applicable, the laws of the United States of America. COMniblibbliplIBI7p Check ulch David and Lars.
The aircraft Is D.S. registered
(k) If any clause, provision or section of this Agreement is found by any Mita
2018-09-21 18:22:00
court of competent jurisdiction to be invalid or unenforceable for any reason whatsoever,
such invalidity or unenforceability shall not in itself affect the remaining clauses, provisions
and sections hereof, so long as the rights or obligations of the parties hereto shall not be
materially and adversely affected thereby.
(I) All payments provided for in this Agreement are to be made in United
States Dollars.
(o) In connection with any litigation arising out of this Agreement, the
prevailing party in such litigation shall be entitled to recover all reasonable costs incurred
therein from the other party, including, without limitation, reasonable attorney's fees.
(Signature Blocks Appear on Following Pages)
EFTA00796298
IN WITNESS WHEREOF, the parties to this Aircraft Purchase Agreement
have caused it to be executed by their duly authorized representatives.
SELLER:
JEGE, LLC
By:
Name: Darren K. Indyke
Tide: Authorized Representative
PURCHASER:
DOMINUS HOLDING LTD.
By:
Name:
Title:
EFTA00796299
EXHIBIT A
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN JEGE, LLC AND DOMINUS HOLDING LTD.
Scope and Duration of Inspection
1988 Gulfstream G-IV
Manufacturer's Serial No. 1085
U.S. Registration No. N120JE
(See Attached)
The Scope may be revised as required in accordance with the
findings of the inspection.
The amounts quoted are also subject to change. The final
invoice from Gulfstream shall be have precedence over any
amounts quoted here.
EFTA00796300
EXHIBIT B
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN JEGE, LLC AND DOMINUS HOLDING LTD.
Certificate of Technical Acceptance
1988 Gulfstream G-IV
Manufacturer's Serial No. 1085
U.S. Registration No. NI20JE
Pursuant to provisions of Section 3(f) of the Aircraft Purchase Agreement dated
September 2018 (the "Agreement") by and between JEGE, LLC, a U.S. Virgin Islands
limited liability company ("Seller"), and DOMINUS HOLDING LTD., a
("Purchaser"), Purchaser hereby confirms that Purchaser has
completed its Pre-Purchase Inspection of the Aircraft (as defined in the Agreement) in
accordance with the provisions of the Agreement on the date written below and hereby
either:
( 1 and-Purelieser-haerTechnically Accepts the condition of ed the Aircraft in-ifls-is;
where-ier-endawith-ell-feulte=reemdition: Ckmmumbried(COIOF stelklnq thla conclict WAR
PP 3.111)
Chuck IncriarCh
2018-09-21 17:36:00
( 1 reiects the Aircraft pr. or
( I Technically accepts the condition of the Aircraft subject to Seller's rectification of the
following Discrepancies:
Dated:
DOMINUS HOLDING LTD.
By:
Name:
Title:
EFTA00796301
EXHIBIT C
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN JEGE, LLC AND DOMINUS HOLDING LTD.
Termination Notice
1988 Culfstreant C-IV
Manufacturer's Serial No. 1085
U.S. Registration No. N120JE
Pursuant to provisions of Section 3(t) of the Aircraft Purchase Agreement dated
September 2018 (the "Agreement") by and between JEGE, LLC, a U.S. Virgin Islands
limited liability company ("Seller"), and DOMINUS HOLDING LTD., a
("Purchaser"), Purchaser hereby confirms that Purchaser has
completed its Pre-Purchase Inspection of the Aircraft (as defined in the Agreement) in
accordance with the provisions of the Agreement on the date written below, and Purchaser
has Rejected the Aircraft, and this shall constitute Purchaser's Termination Notice (as defined
in the Agreement).
Dated:
DOMINUS HOLDING LTD.
By:
Name:
Title:
EFTA00796302
EXHIBIT D
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN JEGE, LLC AND DOMINUS HOLDING LTD.
Warranty Bill of Sale
1988 Gulfstream G-IV
Manufacturer's Serial No. 1085
U.S. Registration No. N120JE
(Sec Attached)
EFTA00796303
WARRANTY BILL OF SALE
Pursuant to that certain Aircraft Purchase Agreement, dated September ,
2018 (the "Agreement"), by and between JEGE, LLC, U.S. Virgin Islands limited liability
company ("Seller"), and DOMINUS HOLDING LTD., a
("Purchaser"), for and in consideration of the sum of Ten Dollars ($10.00) and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by
Seller, and being the owner of the full legal and beneficial tide in and to that certain used
1988 Gulfstream G-IV aircraft, bearing manufacturer's serial number 1085, and currently
registered with the United States Federal Aviation Agency as N1201E. together with said
aircraft's two engines (subject to the provisions of Section 5(g) of the Agreement), and with all
avionics, equipment systems, furnishings and acr • sories installed on, contained in or attached
to said aircraft and engines, and also including all airframe, engine and accessory logbooks,
flight and operation manuals, maintenance and overhaul records, and all other records and
paperwork relating to the above-described aircraft and engines in Seller's possession
(collectively, the "Aircraft"),
Seller does hereby grant, bargain, sell, convey, transfer and deliver unto
Purchaser, all of Seller's right, title and interest in and to the Aircraft.
Subject to the provisions Section 5(g) of the Agreement, Seller hereby
warrants to Purchaser, its successors and assigns, that Seller is the lawful full legal, record
and beneficial owner of 100% of the Aircraft and that there is hereby conveyed to Purchaser
good and marketable tide to the Aircraft, free and clear of any and all leases, liens, claims,
encumbrances and rights of third parties whatsoever, and Seller will warrant and defend such
title forever, at the sole expense of Seller, against all claims and demands whatsoever.
EXCEPT FOR THE WARRANTIES SET FORTH IN THE IMMEDIATELY
PRECEDING PARAGRAPH (THE "EXPRESS WARRANTIES"), THE AIRCRAFT AND
EACH PART THEREOF IS BEING SOLD TO PURCHASER HEREUNDER SUBJECT
TO THE PROVISIONS OF SECTION 5(G) OF THE AGREEMENT AND IN ITS "AS IS,
WHERE IS" CONDITION AND "WITH ALL FAULTS" EFFECTIVE AT THE CLOSING.
EXCEPT FOR THE EXPRESS WARRANTIES, NEITHER SELLER NOR ITS AGENTS,
REPRESENTATIVES OR EMPLOYEES MAKE ANY WARRANTIES, EXPRESS OR
IMPLIED, OF ANY KIND OR NATURE WHATSOEVER TO PURCHASER. WITHOUT
LIMITING THE GENERALITY OF THE FOREGOING DISCLAIMER OF
REPRESENTATIONS AND WARRANTIES, THERE IS (I) NO WARRANTY BY
SELLER, ITS AGENTS, REPRESENTATIVES OR EMPLOYEES AS TO THE
AIRWORTHINESS OR PHYSICAL CONDITION OF THE AIRCRAFT, (II) NO IMPLIED
WARRANTY BY SELLER, ITS AGENTS, REPRESENTATIVES OR EMPLOYEES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE
AIRCRAFT, (III) NO IMPLIED WARRANTY BY SELLER, ITS AGENTS,
REPRESENTATIVES OR EMPLOYEES ARISING FROM COURSE OF
PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE, AND (IV) NO
EFTA00796304
WARRANTY BY SELLER, ITS AGENTS, REPRESENTATIVES OR EMPLOYEES
AGAINST PATENT INFRINGEMENT OR THE LIKE.
IN WITNESS WHEREOF, Seller has caused this Warranty Bill of Sale to be
executed by its duly authorized officer, this day of 2018.
JEGE, LLC
By:
Name:
Title:
Date:
EFTA00796305
EXHIBIT E
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN JEGE, LLC AND DOMINUS HOLDING LTD.
Delivery Receipt
1988 Gulfstream G-IV
Manufacturer's Serial No. 1085
U.S. Registration No. N120JE
(See Attached)
EFTA00796306
DELIVERY RECEIPT
1988 Gulfstream G-IV
Manufacturer's Serial No. 1085
U.S. Registration No. NI20JE
Pursuant to provisions of that certain Aircraft Purchase Agreement dated September
, 2018 (the "Agreement") by and between JEGE, LLC, a U.S. Virgin Islands limited
liability company ("Seller"), and DOMINUS HOLDING LTD., a
("Purchaser"), Purchaser hereby acknowledges the delivery and acceptance of one used 1988
Gulfstream G-IV aircraft, bearing manufacturer's serial number 1085, and currently registered
with the United States Federal Aviation Agency as NI20JE, together with said aircraft's two
engines (subject to the provisions of Section 5(g) of the Agreement), and with all avionics,
equipment systems, furnishings and accessories installed on, contained in or attached to said
aircraft and engines, and also including all airframe, engine and accessory logbooks, flight and
operation manuals, maintenance and overhaul records, and all other records and paperwork
relating to the above-described aircraft and engines in Seller's possession (collectively, the
"Aircraft").
Purchaser accepts the Aircraft at M., on 2018 in
an "As Is, Where Is" condition and "With all Faults" at
and subject to the waivers and disclaimers set forth in the Agreement.
Purchaser; acknowledges that the two Rolls Royce Tay 611-8 engines ordinarily CieliMMINIIIMB19k Need to review with
Perchaeorea attorney
equipped on the Aircraft, Serial Nos. 16291 and 16292 (the "Existing Engines") were w&Q.
removed prior to execution of the Agreement and delivered for overhaul-mid-life inspections 2018-09-21 13:33:00
and such overhaul as may be determined necessary by Rolls Royce pursuant to the Rollw
Royce Corporate Care program covering the Existing Engines, and that in accordance with
the provisions of the Agreement, the Aircraft has been delivered equipped with two Rolls
Royce Tay 611-8 engines, Serial Nos. 16694 and 16642, which are on loan from Rolls Royce
Canada pursuant to the terms and conditions of the Rolls-Royce Engine Lease Agreement,
dated June 20, 2018, contract number CC-18-JEGE LLC (the 'Lease), pending the overhaul
inspections and any reouired overhaul of the Existing Engines. This to confirm that
Purchaser waives all provisions in the Agreement relating to the Delivery Condition of the
Aircraft that pertain to the Existing Engines and the engines currently on loan from Rolls
Royce Canada and any provisions that do not and would not allow for any parts to be
installed on the Aircraft (including, without limitation, the engines currently on loan) on a
temporary or loaner basis at Closing. Purchaser further acknowledges that the replacement of
the currently equipped engines with the newly ee—la.l.t1 mid-life inspected and to the
extent determined necessary, newly overhauled Existing Engines will take place subsequent
to the Closing evidenced by this Delivery Receipt, that Seller's sole liability and obligation in
respect of the Existing Engines was to be current through the Closing on its required
payments under said Rolls Royce Corporate Care program, which Purchaser acknowledges
that Seller is, and that from and after the date hereof Seller shall have no liability with respect
to the Existing Engines, the engines currently equipped on the Aircraft or the replacement of
the same.
EFTA00796307
TOTAL TIME ON AIRFRAME AT DELIVERY: hours
TOTAL TIME ON ENGINES AT DELIVERY:
Engine No. I (MSN ): hours/cycles
Engine No. 2 (MSN ): hours/cycles
APU (MSN ): hours/cycles
TOTAL LANDINGS AT DELIVERY:
DOMINUS HOLDING LTD.
By:
Name:
Title:
Date:
STATE OF DELAWARE
) ss:
COUNTY OF
The foregoing insuument was acknowledged before me this day of
2018 by , as the of Dominus Holding
Ltd. a , on behalf of said
NOTARY PUBLIC, STATE OF DELAWARE
EFTA00796308
EXHIBIT F
Aircraft Specifications
EFTA00796309