FBO TRANSFER AGREEMENTFbo Transfer Agreement • October 3rd, 2022 • Saker Aviation Services, Inc. • Airports, flying fields & airport terminal services • Kansas
THIS AGREEMENT, dated September 27, 2022 (the "Effective Date"), is between FBO AIR-GARDEN CITY, INC. d/b/a SAKER AVIATION SERVICES (“Seller”) and CROSBY FLYING SERVICES, LLC (“Purchaser”) and confirms the agreement of the Seller to sell and Purchaser to purchase specified assets owned by Seller and used in its fixed base operation (the “FBO”) in leased facilities at 2117 South Air Service Road, Garden City, KS 67846 (the “Facilities”) in the Garden City Regional Airport in Garden City, Kansas (the “Airport”) owned by the City of Garden City, Kansas (the “City”) at a closing (the “Closing”) effective as of the Closing Date stated in Section 5(a) and the agreement of the Seller to support the sale of the goodwill included in those assets with a covenant not to disclose or compete upon the subject to following terms and conditions:
