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Aircraft Bill of Sale

This Aircraft Bill of Sale is made this ________ day of ________ [month] 20 __, by ________ [name], residing at ________ [address] hereinafter referred to as "Seller", and ________ [name], residing at ________ [address] hereinafter referred to as "Buyer".

1. Representation of Ownership. The undersigned is the owner of the full legal and beneficial title to the aircraft described below.

2. Description of Aircraft.

[aircraft make, serial number, FAA registration number]

3. Sales Price and Identification of Purchaser. The undersigned (Seller) in consideration of the sum of ---------- dollars ($----------) received from [name], residing at [address] (Buyer), sells, transfers, and delivers all of Seller's right, title, and interest in and to the aircraft described above to Buyer and Buyer's executors, administrators, and assigns.

4. Representation of Encumbrances. The aircraft is not subject to any finance obligation or other encumbrance except the following:

[type of financial agreement, if any, for which aircraft was given as security, e.g., chattel mortgage, the amount of indebtedness, and the date of the financial agreement]

Buyer agrees to pay to Seller the sum of ________ [dollars] for the following merchandise:

[Describe merchandise]

Seller guarantees it owns and has lawful right to said merchandise, and the legal right to transfer all rights of ownership to Buyer.

Seller further guarantees that the above listed merchandise is offered for sale free of any outstanding caveat, lien, claim and encumbrance.

Indemnification. Seller will indemnify and hold harmless Buyer from any litigation or any unfavorable demands made on said merchandise.

Further Assurances. In connection with this Aircraft Bill of Sale and the transactions contemplated hereby, each party to this Aircraft Bill Of Sale will execute and deliver any additional documents and perform any additional acts that may be necessary or appropriate to effectuate and perform its obligations under this Aircraft Bill of Sale and the transactions contemplated hereby.

Representations. Neither party has made any representations nor promises, other than those contained in this Airctaft Bill Of Sale or in some further writing signed by the party making the representation or promise.

Modifications. A modification or waiver of any of the provisions of this Aircraft Bill of Sale shall be effective only if made in writing and executed with the same formality as this Aircraft Bill Of Sale. Failure of either party to insist upon strict performance of any of the provisions of this Aircraft Bill of Sale shall not be construed as a waiver of any subsequent default of the same or similar nature.

No Harassment. Both parties agree not to molest, harass, interfere with, or impose any restraint upon the other, except as set out in this Bill Of Sale.

Interpretation. This Aircraft Bill of Sale will in all events be construed as a whole, according to its fair meaning, and not strictly for or against a party merely because that party (or the party's legal counsel) drafted the Aircraft Bill Of Sale. The headings, captions, and titles in this Aircraft Bill Of Sale are merely for reference and do not define, limit, extend, or describe the scope of this Aircraft Bill Of Sale or any provision herein. Unless the context requires otherwise, (a) the gender (or lack of gender) of all words used in this Aircraft Bill Of Sale includes the masculine, feminine, and neuter, and (b) the word including means including without limitation.

Advice of Legal Counsel. Each individual party to this Aircraft Bill of Sale represents and warrants to each other party that such party has read and fully understands the terms and provisions hereof, has had an opportunity to review this Bill Of Sale with legal counsel, and has executed this Aircraft Bill of Sale based upon such party's own judgment and advice of independent legal counsel.

Complete Agreement of the Parties. This is the complete Aircraft Bill of Sale of the parties and it supersedes any agreement that has been made prior to this agreement.

Assignment. This Aircraft Bill Of Sale is of a personal nature and may not be assigned.

Binding. This Aircraft Bill Of Sale shall be binding both of the parties hereto.

Governing Law. The parties hereby expressly acknowledge and agree that this Aircraft Bill Of Sale is entered into in the State of [STATE] and, to the extent permitted by law, this Bill Of Sale shall be construed, and enforced in accordance with the laws of the State of [STATE].

IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed in triplicate on the day and year first above written.

[Signature]

[Seller]

[Name]

[Signature]

[Buyer]

[Name]

ACKNOWLEDGEMENT BY NOTARY PUBLIC

State of ________)

) SS.:

County of________)

On ________, before me, ________, Notary Public, personally appeared ________, who proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies) and that by his/her/their signatures on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under the PENALTY OF PERJURY under the laws of the State of _________ that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

[signature]

Name of Notary

Notary Public

My Commission Expires

[Seal]