SHIPYARD QUARTERS MARINA 1 PIER EIGHT CHARLESTOWN, MA (617) DOCKAGE LICENSE AGREEMENT BASIC IN'FORMA TION

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1 SHIPYARD QUARTERS MARINA 1 PIER EIGHT CHARLESTOWN, MA (617) DOCKAGE LICENSE AGREEMENT BASIC IN'FORMA TION A. LICENSEE ALL INFORMATION TO BE PROVIDED BY LICENSEE MUST BE COMPLETED PRIOR TO THE USE OF THE SLIP BY LICENSEE. Name: 4~6'<:~ I Social Security No.: 22./.z s> &~:$~ HOME ADDRESS OF LICENSEE Street: ~-L..::S-,---,---,g--,-~-,,-e--,-,e.~7,-- City, State, Zip: C6 4 e1cs ~4/ Telephone: (P I 7,2. ~~ ;21 N. Cell Phone: ~I '7 ~ 70 ;z. iz l,z Address: at:r ~ 8 1? tl. WORK ADDRESS OF LICENSEE Comp~y: ~s~ City, State, Zip: C2s~ Telephone: ~/7 3)3 :ro/b k'vv\-= <:5 ;z.,;z IL VESSEL Name: ~~~;O~k~k4~ Registration or Documentation No. : State: cna VESSEL OWNER Name:,At$a V ~ Length Overal1: ~1'"'LP"' Beam: /.;{ Draft: ~~ Social Security No. : HOME ADDRESS OF VESSEL OWNER Street:.~ l.l <: City, State, Zip: WORK ADDRESS OF VESSEL OWNER Company: ad&>v c:- Telephone:. Street: City, State,Zip: Telephone: SLIP NUMBER 11.s-- // ~ &. ~ ~C!!',vCJ C F.,:;. CJ e <2--.g;:e Be AS$l@ED Lesso!!~!IlJ'substitute the slip j3u:fsuffiltto the teuus in Secti\"Jl14.- D ~t/~ f~,m ~,.s s~.,..~<2.. ~,1l ys.4ilso A-.J~ tu::,-i/.4 't-.,.u Sh?/'l'~ G/ aa70.,ec /~ y~,e!.;r: ~".~.-c.:r-to ~H! 77i,J YOFr' $e..~ ASS';}~ ro r.r Foe.. z.~c> ~~ S80-.]. '::;""""<-T' -Nt!.'.s~~ 1:./ ;n;,j 'Ie.- <II 7cc 1I/e'.

2 B. Dockage Fee is calculated by multiplying the overall length of the vessel or length of the slip; whichever is greater, by the rate per foot for the license term. The rate per foot for the license term shall be $140 per overall foot, unless slip reserved and $750 non-refundable fee is paid by November 1, 2009 we will offer a reduced rates of$133 per overall foot or slip length whichever is greater. The Licensee(s) represents that: Licensee(s) living aboard the vessel? Yes ~o (Only Licensee(s) may live aboard vessel unless prior written approval is obtained from Licensor; such approval may be withheld at Licensor's sole discretion.) The overall length of vessel in feet is? Based on the above representations, the fee is calculated below. Licensor will adjust the fee at its discretion should the above information differ from the actual overall length or live aboard status. 1. Enter dockage rate perfoot of $140 Or if requirements met $ Enter $20 for an additional 30 or 50 amp Electrical connection; if required. 3. Total (Add L & 2) 13.3 ~,/?I/S--/~t;" - 4. Enter overall vessel length: (Slip length if greater) 5. Dockage Fee for license period (Multiply number 3 by number 4): $ 7;990 ~ to ~e:f;{ 7:U es=-pi> o ~ h~ff'e... Licensee shall pay to Licensor, without notice or demand and without set-off the Dockage Fee for the license period Due and payable as follows: $750 non-refundable fee is due by November 1,2009 in order to reserve a slip and balance of Dockage fee is due by January 15, If slip reserved and $750 fee paid by November 1,2009 we will offer a reduced rates of $133 per ft. LICENSEE UNDERSTANDS AND AGREES THAT ALL PAYMENTS OF DOCKAGE FEES ARE FINAL AND NON- REFUNDABLE. ANY INABILITY OF LICENSEE TO UTILIZE THE LICENSE IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT SHALL BE AT ITS SOLE RISK. IF, AND ONLY IF, LICENSOR CANCELS THE DOCKAGE LICENSE AGREEMENT WITH LICENSEE WITHOUT CA USE IN ACCORDANCE WITH SECTION 1 THEREOF WOULD LICENSEE BE ENTITLED TO ANY REFUND - AND IN THAT CASE IT WILL BE ONLY FOR THE PORTION OF THE DOCKAGE FEE EQUAL TO THE PORTION OF THE LICENSE PERIOD AFTER SUCH A CANCELLATION. Licensee is required to provide Licensor a major credit card for the payment of unpaid Dockage Fees due to Licensor. Licensee hereby authorizes Licensor to charge any unpaid Dockage Fees on January 15,2010 to the credit card listed below. In addition, Licensee authorizes Licensor to charge any other unpaid balances due in connection with the Agreement on or after the 15 th day of each month during the term ofthe License to the credit card listed below. Please charge my 0 Visa,,~,~ 0'\ Card: ~ ooz,o Expiration date: o MasterCard -U~e~ ~" Signature 4

3 DOCKAGE LICENSE AGREEMENT On this Jo day of tft:f'dtstlz..., 20~ SHIPYARD QUARTERS MARINA, 1 Pier Eight, Charlestown, Massachusetts (Day) (Month)../ (hereinafter "Shipyard") and,(,j? ~Cc-d...,. (hereinafter "the licensee"), of (Licensee's full name) qs- ~/6'7e 7 ChrzJ.es~l.Ur-.J M ~ r hereby agree to the limited (Licensee's street address) (City) (State & zip code) license only for dockage or wharfage rights for the ~$«...;:,,"=- foot vessel known as --=5oy?,+,--=J.,~u=-~ (Length of vessel) (Name of vessel) under the terms set forth in this agreement for the ';;""V"\M c.<z- season, 20~. The vessel has a declared value of Section 1. The fundamental provisions including Shipyard's right to terminate the License. Shipyard hereby grants to the Licensee a limited license to dock the Vessel for the License Period and any Extended License, which may be granted by Shipyard in the future period at a slip at the Marina. Upon payment of any additional fees as Shipyard may require, the Licensee shall also have the limited right to the use of, and access to, the areas of the Marina intended for the general use of its clients and which must be used in common with the other clients; these areas include the docks, walkways, parking area, dock area restrooms, laundry facilities, showers. Upon payment of any extra fees, which Shipyard may require, Shipyard may provide access to electricity, fresh water near the slip, pump-out services, cable television, and telephone. This agreement grants only a license to the Licensee, and specifically does not grant a lease or another interest in land or real property. The licensee hereby represents and acknowledges that he or she has' entered into this license agreement for the purpose of securing dockage for the Vessel; in this regard the licensee explicitly acknowledges that any slip in the Marina is not unique, and has no unique properties or characteristics and is interchangeable with any other slip at the Marina or at any other marina, dock or wharf within inner Boston Harbor of similar length and width. As a license, this agreement is subject to cancellation by Shipyard at anytime and or any reason (for cause or otherwise). The License may not be transferred or assigned by the Licensee and money damages shall be the sale remedy for any wrongful termination or cancellation of the license in Shipyard (i.e. this means that there is no right to an injunction to remain at the Marina or in any slip and the Licensee agrees, even upon any wrongful termination to remove the Vessel from the Marina immediately). At any time, for any reason, and without notice to the Licensee, Shipyard shall have the right to move the Vessel and/or to reassign the slip, at which the Vessel shall be docked, relocate the Vessel out of the Marina, and board any Vessel: The failure to provide access to any areas or services shall not constitute a breach of the License by Shipyard. The Licensee may not terminate this License prior to the expiration of the License Period or any Extended License Period. Whenever Shipyard incurs expenses resulting from expiration, cancellation or termination of this License, or the enforcement of any of the provisions of this License, the Licensee shall pay to Shipyard on demand any and all such expenses of enforcement, including without limitation filing fees, collection fees, attorney's fees, together with a 15% administrative surcharge thereon and any re-licensing costs or expenses (if not at the expiration of the Licensing Period or the expiration of any Extended Licensing Period). No acceptance by Shipyard of a sum less than all amounts then due from the Licensee shall be deemed to be other than on account of the longest outstanding charge, nor shall any endorsement or statement on any check or any letter accompanying any check or payment, nor any other partial performance by the Licensee be deemed an accord and satisfaction. Section 2. The license period and terms of renewal. The License shall be granted for the duration of One Season. Each calendar year shall be divided into two seasons: the Summer Season shal! run from May l " until October 31 st, inclusive; the Winter Season shall run from November I" until April 30 t h, inclusive. Nothing in this license agreement and nothing in any notice of charges for the original season nor the acceptance by Shipyard of any advance payments shall alter or diminish Shipyard's right to revoke the license at any time or to choose not to renew the license at the termination of any season. Section 3. Dockage Fees. The Licensee shall pay Dockage Fees to Shipyard for docking the Vessel during the License Period. Dockage Fees shall be paid in full on or before execution of this License and on or before February 1 and October 1 of each year with respect to the following License Period. Utility Fees, and Common Area Fees must be paid by the Licensee on or before 30 days prior to the first day of the License Period. The Licensee shall also pay to Shipyard on demand all charges for the Licensee's use of Marina facilities, utilities at rates specified by Shipyard from time to time, and any charges related to work performed by contractors at the Marina. The Licensee agrees to pay Shipyard interest at the rate of 18% per annum on unpaid Dockage Fees and other amounts past due for more than (10) days. 5

4 Section 4. Slip assignment and docking. h:; \..:;z:-~.'-eev -~ s,,?~ ~u /t Y~4e.s:.QNIJ $,.c ~N 54MoC. S;c.~::rJII- f',qy~"';::j- ~'t49~ The slip will be assigned by Shipyafd. The parties acknowledgt that the Licensee has no right to a specific slip and that tht S li is ~ 6, subject to change, relocation, or reassignment at any time at the option and direction of Shipyard and without notice to1i?ttfce~~ ~"'-C" Licensee shall berth the vessel only at the slip or location as Shipyard directs. If this covenant is breached, the t?~etys&'shl!r::pay jq Shipyard on demand (i) an administrative charge specified by Shipyard from time to time for each..qlly...9rj?ortion(hdi5t~ttte~een~1z.. ~~2.s or Vessel is in violation of this covenant; plus (ii) all towing expenses incurred by or on behafm~a;a-in ~\mfrhwfssel Any slip I y- or docking location is subject to reassignment or change at any time by Shipyard without prior notice to the Licensee. Additionally, Shipyard shall have the right to move the boat at any time and to any place within or outside the Marina, without prior notice to the Licensee. Licensee covenants and agrees not to sublet, assign, rent or otherwise transfer all or any part of the Slip or any other rights under this agreement without prior written approval of Licensor; such approval may be withheld at Licensor's sole discretion. Licensee covenants and agrees to inform Licensor if they plan to vacate the Slip for a period of longer than 24 hours at least 7 days prior to vacating slip. Section 5. The Licensee bears all risk of loss or damage. The Licensee assumes all risk of damage, theft or loss to the vessel, its equipment or any other property of the licensee and further assumes all risk of damage or loss caused by the vessel, its equipment or any other property of the licensee, to any other vessel or vessels, equipment, or property of Shipyard, its clients or any other person or entity, including but not limited to the docks, chains, moorings, walkways, electric distribution posts, fresh water spigots, pump-out equipment and other facilities. Shipyard shall not be required to provide or maintain any security or fire alarm services or systems at the Marina and shall be held harmless for any failure to provide said services or systems. Section 6. The Licensee shall maintain liability and casualty insurance. The Licensee continuously shall maintain with a reputable insurance company qualified to do business in Massachusetts adequate liability insurance and shall also continuously insure the Vessel under an "all risks" insurance policy - the policy or policies shall include wreck removal coverage. The vessel shall at all times be insured under the "all risks" policy in an amount not less than its declared value or in such greater amount as is required to prevent the Licensee from becoming a co-insurer. The bodily injury and property damage limits not less than $500,000 for vessels less than or equal to 36 feet in overall length or $1,000,000 for vessels greater than 36 feet in overall length (or such greater amount as Shipyard may from time to time require) per occurrence and in the aggregate. At any time the Vessel is at the Marina, the licensee warrants that said insurance is in full effect. The licensee shall provide a copy of the valid insurance binders within ten (10) days of executing this agreement shall deliver to Shipyard prior to each License Period a certificate or binder evidencing such terms, and shall provide Shipyard at least thirty (30) days prior written notice of any cancellation thereof. Section 7. Waiver of Shipyard Liability. Shipyard, its officers, agents, servants, employees or contractors shall not be liable for any claim, loss or cost arising in whole or in part out of any injury, loss or damage to any person or property while in or at the Marina or in transit thereto and therefrom, or out of any condition within or around the Marina, unless not due solely to gross negligence or willful misconduct on the part of Shipyard, nor for any claim, loss or cost arising in whole orin part out of any act or omission of another vessel or owner or persons acting thereunder. The parties acknowledge that Shipyard is not liable for any loss, damage, or theft of the vessel, its equipment or any other property of the licensee. Licensee shall be held liable for their actions and the actions of their visitors, guests and clients. Section 8. Indemnification and Insurance. Licensee shall hold harmless and indemnify Shipyard, its officers, agents and employees from and against any claim, loss or cost including without limitation, attorney's fees, arising in whole or in part, out of any injury, loss or damage to any person or property anywhere occasioned by any act or omission of the Licensee, any act or omission of any person operating, on-board, or visiting the Vessel, or any act or omission related to the Vessel. In addition to the foregoing, Shipyard may make all repairs and replacements to the Marina, docks, walkways, and slips necessitated by any of the foregoing acts or omissions and the Licensee shall pay to Shipyard on demand all costs and expenses thereof. 6

5 Section 14. Notices. Except as otherwise provided in this Section, notices shall be given in writing, shall be delivered to the Licensee's Address or the Marina as set forth in Section 1, as the case may be (or such other addresses if acknowledged in writing by Shipyard), or ifto the Licensee, to the Vessel, and shall be deemed duly given and received: (i) if so addressed and sent by certified or registered mail, postage prepaid then on the third business day after posting; (ii) if so addressed and delivered by hand, on the day of delivery; and (iii) if posted on the Vessel, on the day of such posting with respect to notices to the Licensee. Actual notice received by the Licensee shall be sufficient for all purposes hereunder, even if not otherwise given in accordance with this Section. The Licensee shall notify Shipyard of any change in Licensee's address and/or telephone numbers. Section 15. Interruption. The Licensee acknowledges that the Licensee may be precluded from use and enjoyment of a slip, the Marina, the Vessel, or several or all of the above for reasons beyond the control of Shipyard including without limitation, weather conditions, Acts of God, war, civil commotion, fire, water, salt, ice, explosion, collision, petroleum spills or other casualty, theft, arson, vandalism and other criminal acts, strikes or other labor disturbances, shortages of labor or materials in the ordinary course of trade, and governmental acts. Any such preclusion and any related failure of Shipyard to fulfill its obligations hereunder shall be excused and shall not constitute a breach of this License by Shipyard. If such preclusion results from an event, which affects only the slip or the Marina, the Licensee shall be entitled to a proportional abatement of Dockage Fees, Section 16. Miscellaneous. The Licensee represents and warrants that the Licensee holds legal title to the Vessel or otherwise has legal possession and custody ofthe Vessel for the full period of the license, has full power to enter into this License, and that there are no restrictions upon the Licensee or the Vessel which limit the Licensee's power to bind the License and the Vessel to this License. The Licensee agrees to immediately remove the Vessel from the Marina' if he should for any reason no longer have the full authority listed in the prior sentence of this paragraph.. The parties to this license agre.ement irrevocably consent to the jurisdiction of the courts of the Commonwealth of Massachusetts and of any federal court located within the Commonwealth and agree to file any action, complaint, or request for legal or equitable relief arising as a result of any dealings between the parties hereto or the licensee's use of Shipyard Quarters Marina in the courts of the Commonwealth of Massachusetts or any federal court located with the Commonwealth. All waivers of any part of this agreement must be duly executed in writing. Any such waiver shall apply only to any breach stated in such writing. All rights and remedies provided hereunder to Shipyard are cumulative and may be enforced separately or in any combination from time to time. Any provision of this License, or its application to any circumstance, shall be found to be invalid or unenforceable, the remaining provisioris hereof, or the application of such provision to all other circumstances shall not be affected thereby. This License contains all of the agreements of the parties hereto and supersedes all prior writings and dealings. No amendment to this License shall be effective unless such amendment is in writing and signed by the parties hereto. The titles of the sections of this License are provided for convenience only and shall not be considered a part of this License. This License shall benefit and bind Shipyard, its successors and assigns, and shall be binding upon the Licensee and the Licensee's heirs and successors. Time is ofthe essence hereof. Executed as a sealed Massachusetts instrument as of the Date of Execution. Shipyard Quarters Marina, LLC )/~ By: The Licensee oc.r $0 ~c:>c> 'I 8

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