N421ST Aircraft Purchase Agreement between Ponderosa Air LLC and Zelta Air LLC, dated March 5, 2024
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EX-10.46 10 ea020147901ex10-46_flewber.htm N421ST AIRCRAFT PURCHASE AGREEMENT BETWEEN PONDEROSA AIR LLC AND ZELTA AIR LLC, DATED MARCH 5, 2024
Exhibit 10.46
N421ST AIRCRAFT PURCHASE AGREEMENT
SELLER: Ponderosa Air LLC 1411 Broadway NY NY 10018
BUYER: Zelta Air LLC 139 Chesnut St Nutely NJ 07110
1. | Seller agrees to sell to buyer and buyer agrees to purchase from the seller the following aircraft: |
N421ST 1976 Cessna C-421C SN 421C-0114
SALE PRICE: $305,000.00 US Dollars
2. | Seller warrants that seller holds legal title to the aircraft and thcat title will be free and clear of all liens and encumbrances. |
3. | Seller warrants aircraft will be in airworthy condition, with a current annual inspection and an FAA issued airworthiness certificate. |
4. | Buyer shall wire transfer a deposit of $20,000.00 to: |
Flewber Inc 7110 Republic Airport Farmingdale NY 11735
ROUTING # 021000021 ACCOUNT: 953692529
upon acceptance of this agreement.
5. | Aircraft will have a current annual compliant to Part 135 standards. |
6. | Upon completion of the annual buyer shall wire transfer the balance of $285,000.00 to sellers account within three business days. |
7. | Upon receipt of funds seller shall delivery aircraft to buyer at Republic Airport with all logs and a signed FAA bill-of-sale transferring title to buyer. |
8. | Aircraft is sold in as is where is condition with no warranties or guarantees implied. |
9. | Buyer agrees to sign a lease back agreement from Zelta Air LLC to Flewber Inc for a period of 45 days from title transfer date. Aircraft will be based at buyers location and not used by Flewber during this period. |
10. | Any alteration to this agreement must be agreed to by both parties in writing. |
11. | Photo copy of this agreement shall be deemed as original. |
AGREED TO BY:
SELLER: | /s/ Marc Sellouk | Date: | BUYER: | /s/ Erik Lieping | Date: | |
Ponderosa Air LLC | Zelta Air LLC | 03/05/2024 | ||||
Marc Sellouk | Erik Lieping |