PIAGGIO AMERICA, INC. 1515 Perimeter Road West Palm Beach, FL 33406 P180 Avanti II Aircraft Purchase AgreementAvantair, Inc • March 8th, 2010 • Air transportation, nonscheduled • New York
Cost of Aircraft/First Right of Refusal – As an inducement to SELLER to enter into this agreement, BUYER agrees to use all aircraft purchased hereunder for fractional ownership or charter business except as otherwise explicitly provided in this paragraph. BUYER acknowledges that SELLER would not have entered into this agreement but for BUYER’S compliance with the covenants set forth in this paragraph. [***]. BUYER shall not resell any aircraft purchased under this Agreement as a whole aircraft within [***]of delivery of that aircraft without first offering, in writing, to resell such aircraft to SELLER at a price equal to [***], which offer shall be binding on BUYER if accepted by SELLER as contemplated in this paragraph. BUYER agrees to offer any aircraft it proposes to resell as a whole aircraft to SELLER as provided in this paragraph prior to contacting any other entity and/or prior to placing such aircraft on the open market. SELLER must give BUYER written notice of its intention t
ContractAvantair, Inc • March 8th, 2010 • Air transportation, nonscheduled • New York
Certain portions of this exhibit have been omitted pursuant to a request for confidential treatment under Rule 406 under the Securities Act of 1933. The omitted materials have been filed separately with the Securities and Exchange Commission.
