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shall have the right to resume possession of the Yacht and terminate the charter, without prejudice to his rights in respect of any arrears of Charter money, or of any breach by the Charterer of the conditions herein contained.

Brokerage Fees. 

13. The charter brokerage fee, based on the gross charter sun, shall be payable by the Owner upon the signing of this agreement and payment of the first instalment of hire. to ^[[V.E.V. Nicholson & Sons]] also on any extension or renewal of this charter, and should the Yacht be purchased by the Charterer during the charter term, the Owner shall pay the said ^[[V.E.B. Nicholson & Sons]] the standard sale brokerage fee on the sale price. 

Additional Conditions. (if any)

It is further agreed by the parties hereto that :-

Should the Owner and Charterer be unable to reconcile any differences that may arise with respect to this Agreement such dispute shall be referred to three arbitrators: one to be chosen by each of the aforesaid parties and the third by the two so chosen. The decision in writing signed by any two of said arbitrators shall be final and binding upon both Owner and Charterer, the expense in connection with such arbitration to be equally divided between them. 

To be true and faithful performance of the foregoing Agreement, the said parties hereto bind themselves, their heirs, executors, administrators and assigns, each to the other.

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands the day and year first above written. 

OWNER

CHARTERER

V. E. B. NICHOLSON & SONS
P.O. BOX 103
St. JOHN'S,
ANTIGUA, B.W.I. 
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