This excerpt taken from the APPX 10-Q filed Nov 9, 2006.
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration, the parties hereto agree as follows:
ARTICLE 1. TERMS OF SALE
Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this Exhibit has been filed separately with the Securities and Exchange Commission.
Insured Aircraft Title Service, Inc., 4848 S.W. 36th Street, Oklahoma City, Oklahoma 73179, Attention Joan Roberts, Telephone (800) 654-4882 or (405) 681-6663, Facsimile (405) 682-0818 (the Escrow Agent). The Deposit shall be held in escrow by Escrow Agent, shall be non-refundable and applied towards the Purchase Price, except (i) in the event Buyer rejects the Aircraft (as provided in accordance with Section 2.3); (ii) in the event Seller refuses or fails to promptly correct, at its sole cost, the Discrepancies to the reasonable satisfaction of the Inspection Facility (as required in accordance with Section 2.4); (iii) in the event Seller fails to timely deliver the Aircraft as required hereunder to Buyer; or (iv) as otherwise provided in this Agreement. Upon the occurrence of any of the foregoing, the transactions contemplated by this Agreement (the Transactions) shall be terminated, and upon Buyers receipt of the Deposit, the provisions set forth in Section 8.2 shall apply.