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Subscription Agreement For Life’s Too Short, LLC Rev. 4 February 27, 2005 The undersigned hereby subscribes to a one twenty-sixth (1/26th) membership interest in Life’s Too Short, LLC, for the sum of $_______________________ (Does not include Maintenance Fees). I understand that proceeds from this Subscription Agreement will be used by the LLC to purchase Life’s Too Short Houseboat with Hull #SZJ02828B000 and will entitle me to use said houseboat for week #__________ each year. I have tendered with this agreement the sum of $___________________as a down payment (CC# _________) with a remaining balance of $___________________due _____________________ . I also tender the sum of $2,400 for the year 2005 Maintenance fee (Week #__________) I understand that there will be an annual Maintenance Fee based on the previous year's experience for the purpose of maintenance, insurance, management, and other costs related to the boat. In the event that the annual Maintenance Fees are insufficient to pay the reasonable and necessary expenses for any given year, an additional assessment will be paid by each owner on a prorata basis. The first year’s Maintenance Fees will be due at the time of purchase and thereafter on January 5th for each succeeding year. I have read and agree to all of the Rules and Regulations for the operation and maintenance of the Life’s Too Short Houseboat and further agree that any violation of these Rules and Regulations may result in an additional assessment to cover any damages and/or could result in forfeiture of my use of the houseboat. I agree to use the Life’s Too Short Houseboat at my own risk and further agree to hold Clearwater Yachts, Inc., Life’s Too Short, LLC, and all of Life’s Too Short, LLC members harmless and agree to indemnify said individuals or entities from any and all claims of any nature or type, including but not limited to, claims for bodily injury or damage that might possibly occur while I am using the houseboat. This Agreement is made under and shall be construed pursuant to the laws of the State of Idaho. Any dispute relative to this Agreement shall be submitted to mediation and/or legal action in Ada County, State of Idaho. The prevailing party shall be entitled to reasonable attorney’s fees and costs. This Subscription Agreement, together with the Rules and Regulations for Life’s Too Short Houseboat and the Life’s Too Short, LLC Operating Agreement, constitute the entire agreement between the parties, and supersedes any prior written or oral agreement(s). MEMBER’S NAME: EMERGENCY CONTACT: Name:__________________________________________Name:__________________________________________ Address:________________________________________Address:_________________________________________ City:___________________________________________City:____________________________________________ State:_____________________Zip:____________________State:____________________Zip:___________________ Home Phone: (_______)___________________________Home Phone:(_______)______________________________ Work Phone: (_______)___________________________Work Phone:(________)______________________________ Drivers License #____________________________________ Date of Birth:___________________________________ Boating Exp. (yrs.):____________ OWNER'S SIGNATURE:_____________________________________________DATE:__________________
LIFE’S TOO SHORT, LLC: By ________________________________________ DATE:__________________ Its Managing Member
LIFE’S TOO SHORT, LLC. 2370 CHAMPAGEN DRIVE EAGLE, IDAHO 83616 1-(208) 938-3167 |
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