BUSINESS AND ASSET PURCHASE AGREEMENT BY AND AMONG JET X AEROSPACE LLC AN ILLINOIS LIMITED LIABILITY COMPANY AND ASI AVIATION, INC. A NEVADA CORPORATION AND THE SELLER MEMBERS Dated: March 25, 2021Business and Asset Purchase Agreement • April 7th, 2021 • ASI Aviation, Inc. • Services-equipment rental & leasing, nec • Virginia
THIS PURCHASE AGREEMENT (this “Agreement”), dated March 25, 2021 (the “Effective Date”), is entered into by and among Jet X Aerospace LLC, an Illinois limited liability company (“Seller” or “Company”), ASI Aviation, Inc., a Nevada Corporation (“Buyer”), and the Seller Members. Buyer, Seller and the Seller Members each are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”
