Service Agreement

*Service Work Payment by Cash or Check is Appreciated.*

TERMS STRICTLY CASH UNLESS OTHER ARRANGEMENTS ARE MADE

I hereby authorize the above repair work to be done along with the necessary material and hereby grant Lamb's Yacht Center, Inc. employees, and/or subcontractors permission to operate the equipment herein described for the purpose of testing and/or inspection and/or repair. And express mechanic's lien is hereby acknowledged on above equipment to secure the amount of repairs thereto. In event of default I agree to pay in addition hereto a reasonable Attorney's fee. The obligation is due and payable in Jacksonville, FL. Any legal action brought by or against either party under the terms of this agreement shall be determined by the laws of the State of Florida, and venue and jurisdiction for said action shall be within the county of Duval and the State of Florida, respectively. I will not hold Lamb's Yacht Center, Inc. responsible for any equipment left in excess of thirty (30) days from date of invoice.

DISCLAIMER OF WARRANTY

Any warranties of the products sold hereby are those made by the manufacturer. The seller, Lamb's Yacht Center, Inc., hereby expressly disclaims all warranties, either expressed or implied, including any implied warranty of merchantability or fitness for a particular purpose, and Lamb's Yacht Center, Inc. neither assumes nor authorizes any other person to assume for it any liability in connection with the sale of said products.

SERVICE TERMS & CONDITIONS

LAMB'S YACHT CENTER, INC. (LYC) is authorized to furnish all labor, services, tools, materials, parts, accessories, instruments, equipment, etc., and do all things necessary for repairing, overhauling and altering the VESSEL described to the extent and manner specified.

LYC shall present the REGISTERED OWNER, representative, servant, or agent (OWNER) an invoice setting forth in reasonable detail the computation of charges for the work performed. Should the authorized work require more than two weeks for completion or incur charges in excess of $2000, the LYC may present a progress invoice for the amount of the work completed to that time. LYC MAY ALSO REQUIRE A PREPAYMENT DEPOSIT AS ITS OPTION.

OWNER will pay LYC the amount due on each invoice presentation and prior to delivery and removal of VESSEL from LYC. Questions or disputed charges may be deducted from that invoice pending examination or settlement. Any ongoing work will cease, at the option of LYC, until such unpaid, questioned or disputed charges are settled. If, at the option of OWNER, the questioned or disputed charges are pointed out to LYC, and the invoice is paid in full, work will not be interrupted. Applicable warranties will be processed by LYC and delivered to the warrantor after completion of the work. OWNER will be refunded after the warranty has been paid by the warrantor to LYC.

If the amount is not paid within ten days of presentation, LYC shall be entitled to interest on the amount due at the maximum legal rate until paid. In the event of non-payment requiring that the matter be referred to an attorney for collection, OWNER shall be responsible for all costs of collection including court costs and attorney's fees.

OWNER shall at all reasonable times during normal work hours be afforded full opportunity for inspection of the work hereunder, and of the materials and parts obtained by LYC.

LYC shall notify OWNER upon completion of the work herein. OWNER shall within a reasonable time after the receipt of such notice, inspect same and notify LYC of any deficiencies. If OWNER rejects any work, it shall furnish to LYC a written statement of its reasons therefore. OWNER'S failure to deliver such a statement or rejection shall constitute acceptance of such work. LYC shall be afforded a reasonable amount of time to correct any deficiencies brought to its attention.

Removal of the VESSEL from LYC by OWNER shall constitute complete acceptance of the work and materials furnished. LYC thereafter shall have no responsibility or liability for subsequent claims of workmanship or material deficiencies unless otherwise warranted.

LYC shall indemnify and hold harmless OWNER only for loss, damage or destruction of the VESSEL in the possession of the LYC caused or attributable to the obvious negligent acts of LYC. LYC shall not be liable or any loss, damage or destruction caused by an act of negligence of OWNER, or unforeseen calamity including, but not limited to, lightning, self-ignition, explosion, riot, rebellion, pilferage, insurgency, flood, tornado, cyclone, windstorm, hail, hurricane, or any act of God.

OWNER and VESSEL shall hold harmless and indemnify LYC, its agents and employees from all consequences, including fines and containment/clean up costs, for any oil, fuel, or other pollutant(s) emanating from the VESSEL, which are not attributable to the negligence of LYC.

LYC will take the normal ordinary precautions to prevent pilferage or damage to the boat but will not be responsible for any loss while the VESSEL is in its possession.

The OWNER will carry Hull Insurance at the current market value of the boat and Protection and Indemnity (Liability) Insurance of at least $300,000.

Storage charges may begin five (5) days after OWNER has been notified service on VESSEL has been completed or during interruption of service. Storage charges may be at the daily rate and storage shall be under the terms and conditions of the current LYC storage agreement.