PSC: 24/120 Limited Warranty Agreement

      2. Blister Warranty
      Builder will reimburse the Purchaser the direct repair costs to repair any gelcoat damage below the waterline caused by osmotic blisters for a period of ten (10) years according to the following schedule: Years one through three (1-3) will be reimbursed at one-hundred percent (100%), thereafter reimbursement will be reduced by 12.5% per year for the remaining seven (7) years. No repairs will be paid for after ten (10) years. This warranty is only binding if no submerged surface has been abraded, gouged, or otherwise invaded to the extent that it reduces the thickness of the vinylester "skin coat" first laminate of the hull skin. It is the responsibility of the Purchaser to maintain the integrity of this coating to the factory specifications over the warranty period, otherwise this blister warranty will become void. This blister warranty does not extend to the condition, effectiveness, or durability of any topically applied coatings such as anti-fouling bottom paint or epoxy coatings. Gelcoat damage is not covered by this warranty if it has been subjected to impact, sanding, sandblasting or other types of abrasives including chemical etchants either applied or environmental. Costs associated with hauling, washing , blocking, painting and storage are considered as incidental and are not covered by this warranty.