EX-10.15





 Exhibit 10.15 
 



 
 AVIATION FUEL SUPPLY AGREEMENT 

THIS AVIATION FUEL SUPPLY AGREEMENT (“Agreement”) is made and entered into this 3 day of June, 2020 Effective Date”), by
and between: 
  

			
	SELLER: 	  	ASSOCIATED ENERGY GROUP, LLC, having its registered office at 701 NW 62 Ave, Suite 490 Miami, FL 33126 United States of America (“Seller”), and
		
	 BUYER:
	  	GLOBAL CROSSING AIRLINES LLC having its registered office at 4th Floor, 4200 NW 36th St, Miami, FL 33166 (Buyer”).

 TERMS AND CONDITIONS 

Article 1 – Scope 
 This Agreement is subject to and
in accordance with the terms and conditions set forth in Seller’s General Terms and Conditions, (hereinafter referred to as “T&C”), which are incorporated herein by reference and is made available for review at
http://www.aegfuels.com. Buyer acknowledges that it has read the foregoing T&C and agrees to be bound by same. In the event of a conflict or discrepancy between a provision of this Agreement and Seller’s T&C, this Agreement shall
prevail. 
 Seller agrees to sell and deliver (or cause to be sold and delivered through any associated/affiliated entity, parent or subsidiary) and Buyer
agrees to purchase, receive and pay for the Fuel and Flight Services (as defined in the T&C) for consumption in an aircraft owned, leased, operated by or on behalf of Buyer or Buyer’s associated/affiliated entities/customers, as set forth
in this Agreement. 
 Article 2 – Evergreen Agreement 

This Agreement shall commence on the Effective Date and shall continue in full force and effect for one-year with successive one-year renewals until terminated
upon no less than sixty (60 days) prior notice by either party. Notwithstanding the foregoing, no termination of this Agreement shall affect Seller’s right to collect any amounts due and owing to Seller pursuant to this Agreement or otherwise.
Furthermore, no termination shall affect any clause which shall survive termination as set forth herein. 
 Article 3 – Price 

Market Price. A market price is a price, which is fixed for a certain period of time (the “Market Price”). The Market Price for any
particular location shall be set by Seller. In the event of a change in Market Price, the Seller shall send written notification to Buyer specifying the location affected, the amount of the requested price change at that location and the date when
the new Market Price will take effect at the location. 
 Article 4 – Quantity 

For conversion purposes the following numbers can be accepted: 
  

							
		 	1 Metric Ton	  	=	  	        331 US gallons
		 	1 US gallon	  	=	  	        3.7854 Liters
		 	1 Barrel	  	=	  	        42 US gallons














 



 
  

 Article 5 – Delivery 

Unless otherwise agreed in writing, Fuel and Flight Services shall be delivered into aircraft owned, leased, operated by or on behalf of Buyer or Buyer’s
associated/affiliated entities/customers 
 Article 6 – Invoicing 

6.1 Seller shall invoice Buyer for all Fuel and Flight Services delivered to Buyer. Invoices shall state costs of product, taxes, duties
and any other charges as separate line items. Invoices will be due within 15 days of receipt and subject to a credit limit set by Seller. 

6.2 Payments shall be transferred to the following bank account of Seller: 

 

					
		 	 Name of Bank
	  	 Union Bank 

		 	Address of Bank	  	1980 Saturn Street
		 		  	Monterey Park CA 91755
		 		  	United States of America
			
		 	Account of:	  	Associated Energy Group, LLC
		 	Account Number:	  	4340009482
		 	Swift Code:	  	BOFCUS33MPK
		 	Currency:	  	US Dollar

 Article 7 – Notices 

All notices shall be subject to Seller’s T&C, and shall be sent to the respective addresses of the parties as follows: 

 

			
	Seller’s Address:	  	Associated Energy Group, LLC
		  	701 NW 62 Ave, Suite 490
		  	Miami, FL 33126
		
	Buyer’s Address:	  	Global Crossing Airlines LLC
		  	4th Floor
		  	4200 NW 36th St
		  	Miami, FL 33166

 Article 8 – Governing Law 

This Agreement, including any other written agreement between the parties, shall be construed, enforced and governing in all respect by the laws of the State
of Texas and the United States of America. The parties consent to the exclusive jurisdiction of the State courts located in Texas and venue of any lawsuit or legal proceeding shall be in the District Courts of Harris County, Texas, or the United
States District Court of the Southern District of Texas, Houston Division. 
 SIGNATURE PAGE TO FOLLOW 













 



 
  

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first
above written. 
  

					
	BUYER:	 		 	SELLER:
			
	GLOBAL CROSSING AIRLINES LLC	 		 	ASSOCIATED ENERGY GROUP, LLC
			
	Signature: /s/ Ryan
Goepel                                        
        	 		 	Signature: /s/ Chris
Clementi                                        
                
	Name: Ryan Goepel	 		 	Name: Chris Clementi
	Title: EVP and CFO	 		 	Title: Chief Operating Officer
	Date:
6/3/2020                                        
                    	 		 	Date: June 3, 2020