Aircraft Tie-down Permit

The party agrees as follows:

Section 1. Definitions

The following definitions shall apply herein:

Naknek Village Airport

Section 2. Terms.

This Permit will be effective from the date set hereunto until terminated by either party in accordance with Section 5.

Section 3. Fees

The Permittee shall pay to Paug-Vik Inc., Ltd. a annual fee during the term of this permit based on the length of the permit. Such fee shall be paid in full and in advance without notice or demand at Paug-Vik Inc., Ltd. office. Failure of the Permittee to promptly pay in advance shall subject the aircraft to impoundment.

Section 4. Aircraft Identification

The Aircraft which the Permittee may part at the tie-down space pursuant to this permit is described as follows:

The Permittee shall not place or allow another to place any aircraft other than the one described above at the tie-down space without first presenting proof satisfactory to Paug-Vik Inc., Ltd., General Manager that the Permittee owns it and amending this section to reflect such change.

Section 5. Termination

Either party may terminate this agreement for any reason upon ten days written notice to the other party. The Permittee shall remove the aircraft from the tie-down space no later than the effective date of termination. Thereafter, Paug-Vik Inc., Ltd. may remove and store the aircraft at the expense of the Permittee.

Section 6. Liability

The Permittee shall defend, save, hold harmless, and indemnify Paug-Vik Inc., Ltd. from any claim or action for injury to persons or property from any cause related to the Permittee's use of the tie-down space. The Permittee shall hold Paug-Vik Inc., ltd. harmless for any damage sustained to the aircraft parked in the tie-down space or to any other property of the Permittee or to the Permittee from any cause other than the sole negligence.

Section 7. Permitted Use

The Permittee shall use the tie-down space for no purpose other than non-commercial storage and parking of the aircraft. The Permittee shall not use the tie-down space nor permit another to use the tie-down space for any purpose that may constitute a nuisance, fire hazard, or violation of any law, lawful order, rule, or regulation of Paug-Vik Inc., Ltd.

Section 8. Assignment

This permit may not be assigned and any attempt by the Permittee to do so shall be null and void. If the Permittee transfers title to the aircraft described in Section 4., Paug-Vik Inc., Ltd. shall upon request of the Permittee transfer this permit to the person to whom title of the aircraft has been transferred provided that the transferee executes a permit for the tie-down space in his name at that time.

Section 9. Safe use of the Tie-down Space

The Permittee shall use the tie-down space in a safe manner by adequately securing the aircraft when it is stationary and by moving it to and from the tie-down space in a safe manner.

Section 10. Integration

This instrument and all appendices and amendments hereto embody the entire agreement of the parties. There are no promises, terms, conditions or obligations other than those contained herein; and this agreement shall supersede all previous communications, representations, or agreements, either oral or written, between the parties hereto.

Section 11. Compliance with Law

Permittee shall take action pursuant to this permit only in accordance with all applicable statues, ordinances, rules, regulations, and laws.


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