OMNI
INTERNATIONAL JET TRADING
ONLINE AUCTION BIDDER ID & PASSWORD APPLICATION
To receive your Bidder ID & password, print / fill-out
/ sign this form and fax to: 410-820-5082
I am interested in the following Aircraft:
____________________ (the “Aircraft”)
Name: ______________________ Company: _________________________
Address:
___________________________________________________________
City: ________________________ State: ________
Office phone: ________________ Mobile phone: ______________________
Email: ______________________
We own or operate the following aircraft:
___________________________________
__________________________________________________________________
Registration Fee: $1000
This fee shall either be credited at time of closing,
refunded if unsuccessful or forfeited if Bidder defaults.
Credit Card Type: ____________Number: ___________________
Expiration: ________
REQUESTED BIDDER ID: ________________
REQUESTED PASSWORD: ________________
1) REGISTRATION FEE: A refundable registration fee of
One Thousand US Dollars ($1000) is required to obtain a bidder ID. Credit cards
are accepted. The registration fee is credited to the purchase price at time of
closing. The registration fee is refunded within 15 business days in the event
the bidder is unsuccessful. The registration fee is forfeited in the event that
a successful bidder defaults.
2) CONDITION: The Aircraft is purchased in an "Airworthy"
condition returned to service as determined by a technical pre-buy inspection
to be conducted at a factory approved facility selected by the Seller. Only
“Airworthy” discrepancies required to return the Aircraft to service shall be
repaired. No cosmetic discrepancies shall be repaired. Any specifications or
equipment lists provided are intended as introductory information only. Seller
does not guarantee the accuracy of any information provided. We encourage and
recommend any potential bidder to conduct a preliminary visual inspection and
logbook review of the aircraft at the seller’s facility, prior to the end of
the auction process. The “sole discretion” aspect of this transaction ends with
the auction. No opportunity to reject the Aircraft is allowed after the auction
is over or you lose your registration fee.
Do not bid unless you plan to purchase.
3) SELECTION OF THE WINNER: The winner of the auction will be the
highest bidder at the price they bid. In the event that the highest bidder
defaults on the purchase of the Aircraft (by not posting the Deposit or
entering into the definitive Aircraft Sales Agreement as defined below), then
the 2nd highest bidder shall be declared the winner at the price the
2nd highest bidder had bid. In the event that the 2nd highest bidder defaults on the purchase of
the Aircraft, then the 3rd highest bidder shall be declared the
winner at the price they bid. In other words, bid only what you are willing to
pay and do not bid unless you are prepared to pay for and close this
transaction.
4) ESCROW DEPOSIT: The winner of this auction must wire transfer a One
Hundred Thousand US Dollar ($100,000) deposit to Insured Aircraft Title Service
(“escrow company”) no later than two (2) business days after notification that
they are the winner or the registration fee ($1,000) is forfeited and all
winners rights shall expire. The deposit is considered immediately non-refundable
subject only to Seller’s delivery of the aircraft in airworthy condition. The
Deposit and Registration fee are fully refundable in the event that the Seller
defaults or otherwise doe not deliver the aircraft in airworthy condition.
5) CONTRACT: Winner and Seller
shall ratify a definitive Aircraft Sales Agreement drafted by the Seller in
accordance with these terms no later than two (2) business days after
notification of being the winner or the registration fee ($1,000) is forfeited
and all winners rights shall expire.
6) TECHNICAL INSPECTION: The technical inspection
facility shall be approved by the FAA and the aircraft's manufacturer and
selected by the seller. The costs of movement and the flat rate cost of the
technical inspection shall be pre-paid in advance within three (3) business
days after the auction ends or winner shall be in default.
7) CLOSING: The buyer shall remit the full
balance of the purchase price to Insured Aircraft Title Service, Inc and accept
delivery of the aircraft no later than three (3) business days after sellers
notice that the aircraft is ready for delivery. No financing is provided. The
seller shall forward an executed FAA form 8050-2 to the escrow company prior to
closing.
8) WARRANTIES:
Other than Seller’s warranty of good title, there are no warranties of
condition whatsoever subsequent to closing. At time of closing, the sale is
final in “AS-IS” and “With all faults” condition. The seller warrants the Aircraft
will be sold free and clear of all liens and encumbrances.
9) REMOVAL FROM THE MARKET: Seller reserves the right to cancel this
auction and / or withdraw the aircraft from the market at anytime in which case
all registration fees shall be refunded. This auction process is for selecting
a potential buyer. However, no rights shall exist for the winning bidder until
a Deposit has been tendered and a definitive Aircraft Sales Agreement has been
fully ratified between Buyer and Seller.
10) RELEASE: By use of this system, Bidder releases OMNI INTERNATIONAL
JET TRADING from any liability whatsoever related to this transaction over and
above bidders registration fee. Once you place a bid, you may not retract it.
I have completely read,
understand and agree to abide by all of the covenants contained herein. I agree
to pay the $1000 registration fee in accordance with my cardholder agreement on
the following basis:
1) if successful – the registration fee shall be
credited at time of closing
2) if unsuccessful – the registration fee shall be
refunded
3) if successful bidder defaults – the registration fee
is forfeited.
4) The charge will appear on your credit card statement
as: Easton Jet Service, Inc
5) This agreement must be completely filled in, signed
and return faxed to 410-820-5082
Bidder: ______________________________________
(Authorized
Signature)
Date: __________________________