Purchase Agreement (Page 2 of 2) in pdf

Purchase Agreement Page 2

Page 2, Continued

7. The said VESSEL is being sold and purchased free and clear of all debts, claims, liens,

and encumbrances of any kind whatsoever, except as noted hereafter (NONE) and the OWNER

warrants and will defend that he has good and marketable title thereto and the lawful right to sell

the same, and will deliver all necessary documents for the transfer of title to the PURCHASER,

or at the PURCHASER’S request to the DEALER, when final payment is made.

8. On or before the date set forth for final payment (as above) delivery of said VESSEL

shall be made at THE OXFORD YACHT AGENCY, INC. together with all gear, machinery,

equipment, furnishings and all other article and appurtenances thereto belonging.

9. If five percent (5%) Maryland Excise Tax is applicable; it is the responsibility of the

PURCHASER to pay it.

10. It is further agreed by the parties that the PURCHASER may close sooner at his

option. The VESSEL will remain at the Oxford Yacht Agency until the PURCHASER completes

all payments and ownership documents.

11. In the event that this sale is not consummated by reason of the conditions contained

herein, or by destruction of the VESSEL for any reason including Acts of God, the deposit shall

be returned, providing all expenses incurred by the PURCHASER against the VESSEL have been

paid, and this Agreement shall be null and void. This contract is binding on the OWNER and

PURCHASER, their heirs, executors, or assigns, as soon as executed by both parties hereunto.

12. The PURCHASER hereby agrees to provide the Oxford Yacht Agency copies of all

relevant Survey Reports, Inspections etc. regarding the purchase of the VESSEL.

_____________________________

_____

OWNER

Date

_____________________________

_____

PURCHASER

Date

Receipt of a deposit in the amount stated above is hereby acknowledge by:

_____________________________

_____

Oxford Yacht Agency, Inc.

Date

The Oxford Yacht Agency, Inc.

317 S. Morris St., Oxford MD 21654

Phone: 410.226.5454

Fax: 410.226.5244

Purchase Agreement Page 2