CHARTERER'S RIGHTS & OBLIGATIONS :

Payments: The Charterer agrees to hire the Yacht and shall pay the charter fee and any other agreed charges by means specified in this Agreement.

Delivery/Redelivery: The Chaterer agrees to embark and disembark at the ports stated on this agreement. The Charterer shall redeliver the yacht to the Owner free of any debits incurred for the Charterer's account during the charter period and in as good condition as when delivery was taken, except the fair wear and tear arising from ordinary use.

Cruising Area: The charterer shall restrict the cruising of the yacht to within the cruising area.

Maximum Number of Persons: The Charterer shall not at anytime during the charter period permit more that the maximum number of persons in the charter party, excluding crew, to sleep and eat regularly on board the Yacht. Where children are taken on board the Charterer shall be fully responsible for their safty, conduct and entertainment and no member of crew shall be called upon or be in any way responsible for their safty or entertainment.

Terms: The charter hire shall cover only those items set out on the Agreement.

Delay in delivery: If, for any reason other than Force Majeure, the Charterer fails to redeliver the Yacht to the Owner at the port of redelivery, the Charterer shall pay to the Owner demurrage at the daily rate, subject always to the Owner's rightto recover further or additional loss or damage, if any thereby sustained.

Insurance : The Charterer shall be responsible to the Owner for any loss, damage or injury caused by any wilful or negligent acts of himself or his guests and shall give prompt notice to the Owner of any event which may give rise to a claim. The Owner advise the Chareterer to have an additional insurance for himself and his guests if the valid one is found inadequate.

Breakdown or Disablement: If the Yacht is lost or so extensively disable the the Yacht cannot be repaired within 24 hours or period of seventh of the charter period, whichever is longer or cannot be replaced by a similar yacht, The Charterer may terminate this Agreement and by notice to the Owner, an as soon as practical after such termination the charter fee be refunded by the Owner pro-rata for that part of the Charter period which commenced after the time of loss or disablement.

Use of the Yacht: Charterer shall use the Yacht exculisively as a pleasure vessel for the use os himselfs and his guests. The Charterer shall ensure that; No pets or animals brought on board with a prior permission, no narcotics shall be carried on board or use in the Yacht, the use by him and his guests shall not cause any nuissance or offence to any person, him and his guests shall comply with the Law and Regulations of any country into whose waters the Yacht shall cruise and enter during the course of this Agreement, any bonded stores or other merchandise which may be aboard the Yacht are cleared through the customs before being taking ashore. If the Charterer or his guests commit any offence contrary to the Law and Regulations of any other which results in any member of the crew or the Yacht being detained, fined or imprisoned, arrested or sized, the Charterer shall indemnify the Owner against all loss, damage and expence incurred by the Owner as a result and the Owner may by notice to the Charterer terminate this Agreemenet forthwith.

Non Assignment: The Charterer shall not assign this agreement or sub-let the yacht without the consent in writing of the Owner.

OWNER'S RIGHTS AND OBLIGATIONS

Agreement to Let: The Owner shall let the Yacht for Charter period and agrees not to enter into any other agreement for the same period.

Delivery: The Owner shall deliver the Yacht to the port delivery in full working order, clean and good condition and ready for service.

Crew: The Owner shall provide a properly qualified Captain approved by the insurers of the Yacht and a properly qualified crew.

Air-condition: The Owner shall let the use A/C for max.5 hours per day. Any dispute in connection with the interpretation and full fillment of this Agreement shall be decided by arbitration. Each party shall appoint their own arbitrator whose decision will be final and binding. This Agreement shall be governed and constructed in accordance with the Laws of Turkey.