2023 YEARLY LEASE AGREEMENT

WOLF MARINE, INC.
514 ALDER STREET EAST
STILLWATER, MN  55082

WOLF MARINE, INC. (“LESSOR”) HEREBY AGREES TO LEASE TO THE ABOVE-NAMED BOAT OWNER (“LESSEE”) SLIP NO. (SPECIFY IN FIELD BELOW) LOCATED AT WOLF MARINE, INC, STILLWATER, MINNESOTA, FOR THE RECREATIONAL SEASONAL MOORING OF A:

SPRING LAUNCH, SUMMER DOCKAGE, FALL PULLOUT AND OUTSIDE WINTER STORAGE SHALL BE PROVIDED FOR SAID WATERCRAFT. IF LESSEE CHOOSES TO LAUNCH, PULL OUT OR STORE WATERCRAFT ON HIS/HER OWN, THERE WILL BE NO REDUCTION IN THE YEARLY LEASE FEE. SPRING LAUNCH WILL BEGIN AS WEATHER PERMITS AND FALL PULLOUT BEGINS SEPTEMBER 25TH. EMERGENCY SURCHARGE MAY APPLY SHOULD FLOOD CONDITIONS ARISE.

TERMS OF LEASE

A $500 NON-REFUNDABLE DEPOSIT IS DUE BY DECEMBER 1, 2022 TO HOLD THE SLIP FOR THE 2023 SEASON. DEPOSIT WILL APPLY TO THE FIRST INSTALLMENT PAYMENT, LESSEE SHALL PAY TO LESSOR AS RENT FOR SAID DOCKAGE AS FOLLOWS: 1/3 DUE BY JANUARY 31, 2023, 1/3 DUE BY FEBRUARY 28, 2023 AND THE FINAL PAYMENT DUE BY MARCH 31, 2023. NO WATERCRAFT WILL BE LAUNCHED UNTIL ENTIRE FEE IS PAID IN FULL.

LEASE YEAR IS FROM APRIL 1, 2023 THROUGH MARCH 31, 2024. ANY BOAT LEFT AT THE MARINA AFTER LEASE YEAR ENDS AND THE LEASE IS NOT RENEWED, SHALL BE SUBJECT TO LAUNCH, LOAD OR STORAGE FEES. THIS LEASE SHALL NOT BE ASSIGNED, SUBLET OR TRANSFERRED BY LESSEE. IN THE EVENT THE WATERCRAFT IS SOLD OR REMOVED FROM THE PREMISES, A REFUND OF THE LEASE FEE WILL NOT BE ALLOWED. THE TERMS AND CONDITIONS OF THIS AGREEMENT SHALL BE IN FULL FORCE AND EFFECT WITHOUT THE NECESSITY OF SPECIFIC RENEWAL AT ALL SUCH TIMES AND CIRCUMSTANCES HEREAFTER WHEN LESSEE'S WATERCRAFT SHALL UTILIZE LESSOR'S FACILITIES.

LESSEE MUST HAVE THEIR INSURANCE COMPANY OR AGENT PRESENT A CERTIFICATE OF INSURANCE TO WOLF MARINE SHOWING LIABILITY COVERAGE ON SAID WATERCRAFT IN THE AMOUNT OF AT LEAST $500,000.00 AGAINST BODILY INJURY AND PROPERTY DAMAGE. WOLF MARINE MUST BE LISTED AS ADDITIONAL INSURED. CERTIFICATE SHOULD BE FORWARDED TO THE MARINA UPON ANNUAL RENEWAL.

LESSOR LEASES THE PREMISES ONLY. LESSOR, ITS LESSORS, AGENTS OR ASSIGNS, ASSUME NO RESPONSIBILITY FOR THE SAFETY, CARE OR MAINTENANCE OF WATERCRAFT HEREIN DESCRIBED, OR OTHER PERSONAL PROPERTY OF LESSEE, OR ANY LOSS OR DAMAGE THERETO, WHETHER OR NOT CAUSED BY FIRE, LIGHTNING, WATER, CYCLONE, TORNADO, WINDSTORM, HAIL, EXPLOSION, THEFT, MALICIOUS MISCHIEF OR OTHER HAZARD OR CASUALTY OF ANY KIND OR ANY COMBINATION. LESSEE AGREES TO HOLD LESSOR HARMLESS FROM ALL CLAIMS, LOSS OR LIABILITY WHATSOEVER FOR INJURY OR FATALITY OF PERSONS, OR DAMAGE TO PROPERTY ARISING OUT OF USE AND OCCUPANCY OF THE SPACE PROVIDED UNDER THIS LEASE. LESSEE AND HIS/HER GUESTS SHALL ABIDE BY THE RULES OF THE MARINA ON USE OF DESCRIBED SPACE. VIOLATIONS OF THIS AGREEMENT OR OF THE RULES AND REGULATIONS OF THE MARINA SHALL BE GROUNDS FOR TERMINATION OF THIS AGREEMENT BY LESSOR.

LESSOR SHALL HAVE A LIEN AGAINST THE WATERCRAFT, AND ANY APPURTENANCES OR CONTENTS THEREOF, FOR ANY AND ALL UNPAID SUMS DUE FOR USE OF STORAGE OR RELATED SERVICES OR FOR DAMAGE CAUSED OR CONTRIBUTED BY THE WATERCRAFT OR BY THE WATERCRAFT’S OWNER, ITS GUESTS, INVITEES OR LICENSEES TO ANY OTHER DOCKS OR PROPERTY OF LESSOR. LESSEE AGREES TO PAY ANY AND ALL COSTS OF COLLECTION AND REASONABLE ATTORNEY'S FEES INCURRED BY LESSOR IN CONNECTION WITH OR ARISING OUT OF ANY AND ALL DELINQUENT SUMS OWED TO LESSOR, INCLUDING FEES AND COSTS OF A SHERIFF’S SALE, WHICH LESSEE CONSENTS MAY BE INITIATED BY LESSOR IF ANY AMOUNT IS SIXTY (60) OR MORE DAYS DELIQUENT. IN THE EVENT ANY PROVISION OF THIS AGREEMENT IS DEEMED TO BE VOID, INVALID, OR UNENFORCEABLE, THAT PROVISION SHALL BE SEVERED FROM THE REMAINDER OF THIS AGREEMENT SO AS NOT TO CAUSE THE INVALIDITY OR UNENFORCEABILITY OF THE REMAINDER OF THIS AGREEMENT. THIS AGREEMENT SHALL BE GOVERNED BY MINNESOTA LAW AND REPRESENTS THE ENTIRE AGREEMENT BETWEEN LESSOR AND LESSEE.

THIS AGREEMENT AND THE RULES AND REGULATIONS OF THE MARINA REPRESENT THE ENTIRE AGREEMENT BETWEEN THE PARTIES THERETO.