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1. Term. The term of this Agreement shall be for four (4) years, commencing on March 1, <br />2026, and continuing through February 28, 2030. <br />2. County Obligations. The County agrees that within seventy-five (75) days of receiving an <br />allocation from the state treasurer of vessel registration funds the County will deliver to <br />Everett a treasurer's check equal to forty percent (40%) of the amount of the funds received. <br />The parties agree that forty percent (40%) represents full payment of Everett's equitable <br />share. <br />3. Everett Obligations. <br />a. Everett agrees to use the funds made available under this Agreement only for <br />boating safety purposes as identified in WAC 352-65-040. Everett further agrees <br />to use the funds to increase boating safety education and enforcement efforts and <br />to stimulate greater local participation in boating safety, but not to supplant existing <br />boating safety funding. <br />b. Everett certifies it will operate its boating safety programs throughout the term of <br />this Agreement in compliance with the state's program requirements and will <br />comply with all applicable federal, state and local laws in performing any activities <br />resulting from the use of the funds distributed under this Agreement. <br />c. Everett agrees to submit an annual report of activities performed and participate in <br />statewide boating surveys as required by state parks. <br />4. Governing Law and Venue. This Agreement shall be governed by, construed and enforced <br />in accordance with the laws of the State of Washington. The parties stipulate that the venue <br />of any action arising out of this Agreement shall be in the Superior Court of the State of <br />Washington, in and for Snohomish County. <br />5. Severability. Should any clause, phrase, sentence or paragraph of this agreement be <br />declared invalid or void, the remaining provisions of this Agreement shall remain in full <br />force and effect. <br />6. Assignment. This Agreement shall not be assigned, either in whole or in part, by either <br />party without the express prior written consent of the other party, which may be granted or <br />withheld in such parry's sole discretion. <br />7. Entire Agreement. This Agreement constitutes the entire agreement between the parties <br />regarding the subject matter hereof, and supersedes all prior oral or written agreements <br />between the parties regarding the subject matter contained herein. No changes or additions <br />shall be made to this Agreement except as agreed to by both parties and reduced to writing <br />and executed with the same formalities as are required for the execution of this Agreement. <br />2 <br />