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SECTION I SECTION II

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JACKSON YACHT CLUB MEMBER

SLIP RENTAL AGREEMENT #__________

For office use only

THIS AGREEMENT made and entered into by and between Jackson Yacht Club, a Mississippi non-profit corporation, as Lessor (“The Club") and

________________________________________ (“SlipHolder”,) as follows:

(Please Print)

SECTION I

AGREEMENT

The Club hereby Rents to Slipholder that portion of the area known to The Club as Slip #__________, in or on Club ( ) or England ( ) Harbor, on the Ross R. Barnett Reservoir, in Madison County, Mississippi (“The Slip”), subject to the terms and

conditions as set forth herein. The particular slip leased to Slipholder may be changed from time to time by The Club. Such change of slip shall not modify any of the other terms and conditions contained herein.

SECTION II

SLIPHOLDER’S REQUIRED INFORMATION

(All information is required, please print)

1. PERSONAL INFORMATION:

Slipholder’s Name: ______________________________________________________ Address ______________________________________________________________ City, State _______________________________________________Zip __________ Telephone: Home Work Cell______________ SSN D.L. # D.O.B. _______________ Bank Reference Acct. #_____________________ Nearest Relative not Living with Slipholder:

_________________________________________________ ___________________

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2. INFORMATION ON BOAT AND/OR TRAILER TO OCCUPY THE SLIP: Power ( ) or Sail ( ); Gasoline ( ) or Diesel ( ); Length____, Beam_____, Draft______ MFG: _________________________ Model: _______________________________ Name: _____________________________ Serial #: ________________________ USCG Doc. No. ________________, and/or State Registration # _________________ Trailer: _______________________________________________________________

Manufacturer Serial # Color Tag #

Slipholder’s Liability Insurer: ___________________________ Policy #: ___________ Address: ______________________________________________________________

The described boat and/or trailer, any other boat that Slipholder may have in The Slip, their appurtenances, equipment and contents, and any other property of Slipholder in or about The Slip are herein referred to as “The Boat”.

SECTION III

TERM AND RENT

1. The commencement date of This Agreement is______________20___. The term is for the balance of the current year, expiring on December 31. Thereafter the term of This Agreement is 12 months. Unless written notice to the contrary is given by either party to the other prior to October 31 of the Lease year then in effect, the Lease will automatically renew on the expiration date for another one year term without further action by the parties, but at current marina rates in effect on the date of renewal.

2. Payment Calculation:

Slip Rent (subject to change) $ ____________

Utility Charge (minimum) $______________

(subject to change)

Sub-Total $ _____________

MS State Sales Tax $ _____________ Total Monthly Payment $______________

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At the end of each month during the term of this Agreement the Total Monthly Payment for that month will be charged to Slipholder’s account with The Club, and will be due and payable as and when his regularly monthly dues to The Club are payable.

SECTION IV

SECURITY FOR SLIPHOLDER’S OBLIGATIONS

1. Slipholder grants to The Club a security interest pursuant to the

Mississippi Uniform Commercial Code in The Boat to secure each and every obligation of Slipholder arising under This Agreement, the indemnity provisions hereof and/or for damage caused to the docks, pilings, bulkhead, utility lines and other property located at The Club arising out of or occasioned by Slipholder’s possession and/or use of the premises.

2. The Club shall also have a Warehouseman’s Lien for the amount of rent, or other charges of Slipholder to The Club in arrears on The Boat to secure Slipholder‘s obligation to The Club under This Agreement in addition to such other remedies as may be herein provided. The Warehouseman’s Lien of The Club may be enforced in the same manner as provided by law relating to warehousemen’s Liens by Mississippi Law. This Agreement shall constitute Lessor’s warehouse receipt to Slipholder for the boat described herein issued by The Club as contemplated by Section 75-7-201 through 75-7-210, et. seq. Mississippi Code Annotated (1972) as amended. Slipholder hereby acknowledges receipt of a copy of this Agreement.

SECTION V

SLIPHOLDER’S OBLIGATIONS

1. SLIPHOLDER WARRANTS:

A. that all information in the Section II hereof is true and correct; and B. that Slipholder is the registered owner of the boat and/or trailer described in Section II.

2. SLIPHOLDER COVENANTS:

A. to exercise due care in the occupation and use of The Slip and to timely vacate the same in good condition upon termination of This Agreement;

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B. to maintain liability insurance on all boats in The Slip and to deliver a copy of the declaration page of the policy to The Marina annually;

C. to never assign or sub-lease, This Agreement or The Slip at any time, This Agreement being unassignable and not subject to sub-leasing;

D. that any electrical work of any description on The Slip, or on The Club’s property contiguous to the slip, shall be done only by a licensed electrician. Prior to the Work being done, the work or any other work to be done on or at The Slip or on The Club’s property will be arranged through The Club's office and shall be done under the supervision of The Club. Any such work shall be paid for by the Slipholder. The improvements may not thereafter be removed by Slipholder and will be the property of The Club;

E. to comply with the Dockside Procedures, Rules and Regulations of The Club, a copy of which is attached hereto and incorporated herein by reference, and the Harbor Rules of The Club as well as any additions or amendments which The Club make thereto to either thereof from time to time;

F. to not berth any boat in The Slip other than the one described in Section II unless written consent is first obtained from The Club;

G. to do no advertising and/or solicitations of business or sales of merchandise in, on or around The Slip or The Club’s property;

H. to post or erect no signs at The Slip or on The Club’s property without prior written consent of The Club;

I. to never live aboard a boat in The Slip, or permit anyone else to do so;

J. to not keep or store any property on any dock in The Club overnight, except as permitted by the Rules and Regulations of The Club; and

K. to maintain current the Boat’s Documentation with the USCG, or, if THE Boat is required to be Registered by Mississippi Law, its registration with the State of Mississippi;

L. to pay all costs of collection, including reasonable attorney’s fees, which may be incurred by The Club in the enforcement of its rights under this

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SECTION VI

USE OF PREMISES, WAIVERS, INDEMNITIES AND LIMITATIONS

1. Slipholder waives all causes of action against The Club for any and all damage sustained by Slipholder as a result of the use The Slip or The Club’s

contiguous property, or under any insurance policy, regardless of cause.

2

.

Slipholder shall indemnify The Club and hold it harmless against all

claims, actions, proceedings, damages and liability, including actual attorney’s fees and all costs of defense and investigation arising out of or occasioned by Slipholder’s

possession and/or use of the premises.

3. Slipholder acknowledges that Slipholder has inspected The Slip and The Club’s contiguous property, and Slipholder is satisfied that it is an adequate mooring for Slipholder’s boat. Water and nominal electricity are furnished for The Slip by The Club; however, The Club shall have no liability for interruption of utilities or disconnection of the vessel from any utility line. In the case of higher than normal electrical usage, a fee shall be paid by the Slipholder at a rate determined by The Club. The Club shall not be liable for the adequate mooring, care or protection of The Boat or for the security of the gear, equipment or contents thereof. The Club shall not be considered an insurer of The Boat or the equipment or contents thereof for any purposes.

SECTION VII

SLIPHOLDER’S RIGHT OF TERMINATION

Slipholder may terminate this contract effective the last day of a month by completion and delivery to The Marina of a slip termination form, available at the

Jackson Yacht Club office, no less than ten days prior to the last day of a month date. Verbal notification is not sufficient.

SECTION VIII

DEFAULT

Slipholder will be in default hereunder if:

1. Slipholder fails to pay the rent called for hereby in the amount, and as and when due;

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2. Slipholder fails to pay any charges for electricity or other services in the amount, and as and when due;

3. Slipholder fails to pay any Sales Tax due to The Club; 4. any information in Section II hereof is false;

5. Slipholder fails to honor any waiver or indemnity provision of This Agreement;

6

.

Slipholder violates any of The Club’s Dockside Procedures, Rules and Regulations or its Harbor Rules;

7. Slipholder violates, is in default of, or fails to pay as and when due any other obligation to The Club arising under This Agreement.

8. Slipholder ceases to be a member in good standing of Jackson Yacht Club.

SECTION IX

REMEDIES ON DEFAULT

1. In the event of a continued Default by Slipholder for ten or more days after written notice by The Club mailed by United States mail to the address shown in

Section II, or last known address, The Club may do any, some, or all (without prejudice to any other remedy) of the following:

A. place The Boat under lock and retain the same pending a cure of the default by Slipholder;

B. terminate This Agreement;

C. move The Boat to another slip on The Club’s docks;

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D. The Club may foreclose its Security interest in The Boat in the manner authorized by the Mississippi Uniform Commercial Code. It is agreed and stipulated that advertising The Boat for sale at a time and on a date certain mailed to Slipholder by United States regular mail to the last known address of Slipholder, and published in a newspaper of general circulation in Madison County, Mississippi once a week for two successive weeks, followed by a sale no less than ten (10) days following the date of the first publication is commercially reasonable. The first publication date of the Notice of Sale, not the sale itself, shall pass all subsequent legal rights in the

property to The Club under this paragraph without recourse of any kind whatsoever. At such public or private sale The Club shall have the right, but not the obligation, to bid on, and, if it is the highest bidder, to purchase the subject property. Slipholder shall have the right at anytime prior to the sale to redeem Slipholder’s ownership by payment in full of all delinquent charges, attorney’s fees and all related expenses incurred by The Club, and removing The Boat and other personal property from The Club; or

E. The Club may enforce its Warehouseman’s Lien in the same manner as provided by law relating to Warehousemen, in Sections 75-7-201 through 75-7-210, et. seq. Mississippi Code Annotated (1972), as amended.

SECTION X

AMENDMENTS

This Agreement contains the entire agreement between the parties hereto and may not be changed or amended except by written instrument duly executed by the parties hereto. The Clubmay modify from time to time the Rules and Regulations attached hereto and incorporated herein by reference. This Agreement is binding upon the parties and their respective heirs and successors.

INTENDING TO BE LEGALLY BOUND, the parties have executed This Agreement in duplicate originals this day of , 20 .

THE CLUB

SLIPHOLDER

Jackson Yacht Club

BY: ___________________________ ________________________________

(Printed Name)

ITS: HARBOR MASTER ________________________________

(or his agent) (Signature)

Must be the registered owner of the Boat and/or Trailer.

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FOR YOUR SAFETY AND ENJOYMENT OF THE MARINA, WE REQUIRE THAT YOU, YOUR CREW AND GUESTS ABIDE BY THE FOLLOWING

DOCKSIDE PROCEDURES, RULES AND REGULATIONS

Only vessels in good condition, meeting required Marina standards and under their own power shall be admitted to the berthing areas. In the event of an emergency during the Owner (s) absences, i.e., breakdown of bilge pump, leak, bad lines, etc. the Marina may make necessary repairs, which will be charged to the boat owner.

Keep your name, address, telephone number, and boat registration current with the JYC office at all times. Keep your current registration sticker posted on your boat, and/or keep the current identification sticker posted on your trailer stored in the dry storage area.

Keep your boat in a clean, attractive, shipshape condition, and store hoses, dock lines, biminis and other equipment in a neat and non-hazardous manner.

Ensure that your boat is properly and adequately secured by proper dock lines and replace any worn, chaffed or inadequate dock lines. In the event of an emergency the Marina reserves the right to relocate any vessel.

Only dock boxes/lockers approved by the Marina shall be used or stored on docks.

No wheeled vehicles or skateboard type equipment shall be used or stored on the docks. Only Marina service carts will be allowed on the docks.

No swimming or diving shall be permitted from the docks. No fishing is allowed unless the Slipholder is personally present to be responsible for cleanup.

Refuse shall not be thrown overboard. No Garbage shall be stored on docks. Any discarded material from boat repair shall be removed from Marina by boat owners.

The Marina reserves the right to limit and govern parking spaces in the Marina parking area. Boats shall operate within the Marina Basins without leaving a wake. Boats shall not anchor in the entrance or channels of the Marina.

Children under twelve must not be left unsupervised within the confines of Marina.

The Marina will have the right to inspect boats with marina heads and/or toilets. Any boat with the ability to discharge or dump holding will furnish proof that they are pumping out on a regular basis into an approved facility. Boat owner not complying will remove their boats within a twenty-four hour period after receiving notification from the Marina office.

The gate combination may not be given to anyone. If you are expecting a guest you must meet them at the gate. No one is allowed to board a boat except for the owners and their guest.

Violation of the above rules and regulations, disorder, depredations of indecorous conduct by a patron, his crew, or guests which might injure a person, cause damage to property or harm the reputation of the Marina or any part of Marina, or any inappropriate conduct that disturbs other boat owners shall be cause for immediate removal from the Marina of the vessel in question, and termination of the Lease.

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