https://www.aucto.com)Purchase & Sale Agreement • September 13th, 2020
Contract Type FiledSeptember 13th, 2020PURCHASE & SALE AGREEMENT This Purchase and Sale Agreement (“Agreement”) is made and entered into on the latest of the signature dates hereof (“Effective Date”) by Emerging Markets Communications, LLC, a Global Eagle Entertainment, Inc. business (“SELLER”) and the successful Bidder identified on the signature page hereto who has validly acquired the right to purchase said Surplus Inventory via AUCTO INC. ("BUYER"). Capitalized terms not defined herein shall have the meaning ascribed to them in AUCTO INC.’s Bidder’s Terms. 1. Background. The parties desire that this transaction, pursuant to which SELLER shall sell to BUYER certain Surplus Inventory detailed on the attached Exhibit A (“Surplus Inventory”), be governed by the terms of this Agreement, subject to AUCTO INC.’s Bidder’s Terms which also apply to this transaction. The parties acknowledge and agree that this Agreement constitutes the Seller’s Terms, as defined in AUCTO INC.’s Bidder’s Terms. 2. Surplus Inventory; Price & Paymen