BLACKPOLL FLEET INTERNATIONAL, INC. (OTCMKTS:BPOL) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On July 21st, 2017, Blackpoll Fleet International, Inc. (the “Registrant”) entered into a Consignment Agreement with Jet Aviation Components & Aircraft International, Inc. (“Jet”). Jet grants Registrant the exclusive right to sell Inventory during term of Agreement. Registrant shall pay Jet fifty percent (50%) of the proceeds after expenses not to exceed $ 17,000 per month are paid from the sale of the Inventory. Registrant must sell minimum $ 300,000 per year to maintain exclusivity.
The Consignment Agreement contains usual and customary representations and warranties. The representations and warranties contained in the Consignment Agreement were a material inducement for the parties to close this Agreement.
Section 9 – Financial Statements and Exhibits
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits. The following is a complete list of exhibits filed as part of this Report. Exhibit numbers correspond to the numbers in the exhibit table of Item 601 of Regulation S-K.
| Exhibit No. | Description | |
| 10.1 | Consignment Agreement by and among the Registrant and Jet dated July 21st |
BLACKPOLL FLEET INTERNATIONAL, INC. ExhibitEX-10.1 2 ex10_1.htm EXHIBIT 10.1 Exhibit 10.1 CONSIGNMENT AGREEMENT This Consignment Agreement (this "Agreement") is made effective as of July 21st 2017 between Jet Aviation Components & Aircraft International,…To view the full exhibit click here
About BLACKPOLL FLEET INTERNATIONAL, INC. (OTCMKTS:BPOL)
BlackPoll Fleet International, Inc., formerly Basta Holdings, Corp., is engaged in the provision of aviation services to third parties. The Company is a provider of contract procurement, aviation business development and aircraft management services for fixed and rotary winged aircraft. It focuses on provision of cargo aviation services, long-term lease or charter management, fixed and rotary maintenance and overhaul service, business aviation, and fixed base operations (FBO) development and operation. It offers services, such as Aircraft/Crew/Maintenance/Insurance (ACMI) leasing; passenger and cargo operations; aircraft management maintenance and overhaul; FBO management; logistics management for construction, mining, logging and remote heavy industry; offshore drilling support; aerial mapping and surveillance services; air ambulance; logistical and airlift support services; search and rescue; very important person transport; emergency evacuation, and humanitarian relief efforts.
