This legalese can be pretty confusing, so let me give you an example of how it might work. Lets say, you sell the boat to StocktonDon. No problem
for either of you, even though Don may not be a bonified person or even an illegal alien.
Now, if he sells it to his cat, it's still under warranty as long as the cat doesn't scratch off the serial # which contains the secret age
Furthermore, if the cat then trades it to a rat, the rat can still claim warranty service, since they don't track the owner
(provided it can articulate the problem and it isn't something like excessive gnawing).
If the cat then eats the rat and the kayak escheats to the great State of California, Hobie will still honor any remaining warranty with no surcharge, service fee or transfer expense to you and me, the taxpayers.
So the warranty will remain in full effect: 1) throughout its term, 2) without additional costs or fees, 3) no matter who or what owns the boat. You really can't beat a warranty like that -- you can sell with confidence