Boat Purchase Sale Agreement

BOAT PURCHASE AND SALE AGREEMENT

This Boat Purchase and Sale Agreement ("Agreement") is entered into on by and between Seller Name: (hereinafter "Seller") and Buyer Name: (hereinafter "Buyer"). Seller and Buyer are each a "Party" and collectively the "Parties."

WHEREAS

WHEREAS, Seller is the lawful owner of the vessel described below and has authority to transfer title free of undisclosed liens and encumbrances; and

WHEREAS, Buyer desires to purchase from Seller and Seller desires to sell to Buyer the vessel on the terms and conditions set forth in this Agreement.

WHEREAS, the Parties intend for this Agreement to set forth the full terms of the sale, payment, delivery, and transfer of title for the vessel.

VESSEL DESCRIPTION

SCOPE OF SALE

The sale includes the vessel and the following equipment, spare parts, accessories, and documentation expressly listed below. Items not listed are excluded from the sale.

PAYMENT TERMS

Purchase Price: $ . Buyer shall pay the Purchase Price to Seller according to the schedule below.

Payment Method: Cash/Certified Funds Escrow/Trust Account Financed

Late Payment: Any amount not paid when due shall accrue interest at the rate of on the unpaid balance, together with any costs of collection, including reasonable attorneys' fees.

TITLE, LIENS AND TAXES

Seller represents and warrants that Seller is the lawful owner of the Vessel, that the Vessel will be conveyed with good and marketable title free of undisclosed liens, and that all prior liens and encumbrances will be satisfied prior to or at closing. Seller shall deliver to Buyer a properly executed Bill of Sale and any documents reasonably required to transfer title and registration.

Taxes and Transfer Fees: Responsibility for payment of sales tax, use tax, registration fees, and transfer fees shall be: Buyer Seller

INSPECTION, CONDITION, AND WARRANTIES

Inspection Period: Buyer shall have days from the Effective Date to inspect the Vessel. If Buyer disapproves the Vessel in writing within that period, Buyer may terminate this Agreement and receive a refund of any deposit, unless otherwise agreed in writing.

Condition: Unless otherwise expressly set forth in writing, the Vessel is sold AS-IS, WHERE-IS, with all faults and without any express or implied warranty as to condition, merchantability, or fitness for a particular purpose, except as expressly provided in this Agreement.

DELIVERY AND RISK OF LOSS

Risk of Loss: Risk of loss or damage to the Vessel shall pass from Seller to Buyer upon physical delivery of the Vessel to the Delivery Location and after payment of the Purchase Price in accordance with this Agreement, unless otherwise agreed in writing.

DEFAULT AND REMEDIES

If Buyer fails to timely pay any amount due under this Agreement, Seller may retain any deposit as liquidated damages and pursue all other remedies available at law or in equity. If Seller fails to deliver title or otherwise breaches a material obligation, Buyer may seek specific performance, return of deposit, or damages as permitted by law. Reasonable attorneys' fees and costs incurred by the prevailing Party in enforcing this Agreement shall be recoverable by the prevailing Party.

TERM AND TERMINATION

Term: This Agreement shall commence on the Effective Date and shall terminate upon the later of (a) transfer of title and final payment in accordance with the Payment Terms, or (b) termination pursuant to the inspection or default provisions herein. Effective Date:

Termination Notice: Either Party may terminate this Agreement by providing written notice to the other Party at least days prior to the intended termination date, except that termination for material breach may be immediate as provided in this Agreement.

CONFIDENTIALITY

Except as required by law, each Party shall keep confidential all non-public information disclosed by the other Party in connection with this Agreement, including negotiation terms, financial information, and inspection reports, and shall not use such information for any purpose other than performing its obligations under this Agreement. Confidential information does not include information that (a) is or becomes publicly available other than through a breach of this Agreement, (b) was rightfully in the receiving Party's possession prior to disclosure, or (c) is independently developed without reference to the disclosing Party's confidential information.

REPRESENTATIONS AND WARRANTIES

Seller represents that, to Seller's knowledge, the Vessel is seaworthy for its intended use, that title is free of undisclosed liens, and that the information provided to Buyer regarding the Vessel's condition is true and accurate in all material respects. Buyer represents that Buyer has the financial capacity to complete the purchase in accordance with this Agreement or has secured financing if applicable.

NOTICES

All notices required or permitted under this Agreement shall be in writing and delivered to the addresses listed above by hand delivery, nationally recognized overnight courier, or first-class mail, postage prepaid, and shall be deemed given when received.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the state of without regard to its conflict of laws principles. The Parties consent to the exclusive jurisdiction of the state and federal courts located in that state for any dispute arising out of or relating to this Agreement.

ENTIRE AGREEMENT

This Agreement, including any exhibits, attachments, and the Bill of Sale executed at closing, constitutes the entire agreement between the Parties relating to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations, and understandings, whether written or oral. Any amendment or modification of this Agreement must be in writing and signed by both Parties.

MISCELLANEOUS

Severability: If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect. Construction: The headings in this Agreement are for convenience only and shall not affect interpretation.

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