MULTISAIL LTD TERMS, CONDITIONS 1 AFTER A REQUEST IS MADE FOR CHARTER DATES, MULTISAIL LTD WILL RESERVE YOUR DATES AND UPON RECEIPT OF A 40 % DEPOSIT, MULTISAIL LTD  WILL CONFIRM YOUR CHARTER WITH A TAX INVOICE SHOWING THE DEPOSIT PAID AND DUE DATE FOR THE BALANCE ALONG WITH DETAILS OF YOUR CHARTER.   2 THE DEPOSIT IS NON REFUNDABLE EXCEPT UNDER THE FOLLOWING CIRCUMSTANCES a- IF MULTISAIL LTD AGREES IN WRITING THAT A REFUND IS TO BE MADE b- IF ISIS BECOMES UNFIT FOR CHARTER (IN THE CASE OF MECHANICAL BREAKDOWN, A 24 HOUR PERIOD IS EXTENDED TO THE COMPANY TO PERFORM AN EXTENDED CRUISE CHARTER) REFUND WILL BE MADE ON A PRO-RATA BASIS c- IF A CHARTERER CANCELS THE CHARTER 45 DAYS IN ADVANCE OF THE CHARTER DEPARTURE DATE.   3 THE FULL BALANCE IS DUE SEVEN DAYS BEFORE CHARTER DATE, PAID INTO MULTISAIL LTD BANK ACCOUNT   4 SHOULD THE CHARTER BE FOR THE PURPOSE OF VIEWING A YACHTING REGATTA, RACE OR SIMILAR EVENT AND THE ORGANISERS OF THAT EVENT CANCEL IT FOR ANY REASON, THEN THE CHARTERER REMAINS BOUND TO THE CHARTER.   5 THE SKIPPER SHALL BE RESPONSIBLE FOR THE RUNNING OF THE VESSEL AND FOR THE SAFE NAVIGATION OF THE VESSEL, AND THE CHARTERER SHALL ABIDE BY THE SKIPPERS JUDGMENT AS TO, SAILING, WEATHER, ANCHORAGE, AND OTHER PERTINENT MARITIME MATTERS.   6 SHOULD THE VESSEL, DURING THE PERIOD OF CHARTER, BE LOST, STRANDED, OR DISABLED BY AN ACT OF GOD, FIRE, PERILS OF THE SEA, OR OTHER UNAVOIDABLE ACCIDENT RENDERING HER UNFIT FOR THE USE OR PURPOSE OF THE CHARTER AND NOT BROUGHT ABOUT BY ACT OF CHARTERER, CHARTER HIRE SHALL CEASE FROM THE TIME THEREOF AND NEITHER PARTIES SHALL BE LIABLE FOR LOSS, DAMAGE, EXPENSE, OR INCONVENIENCE RESULTING THERE FROM.   7 CHARTERER AGREES TO BE RESPONSIBLE FOR AND TO REPLACE OR MAKE GOOD ANY DAMAGE TO THE VESSEL, HER FURNISHINGS AND EQUIPMENT CAUSED BY CHARTERER, OR BY ANY OF THEIR PARTY, EXCEPT FOR ORDINARY WEAR AND TEAR. THE VESSEL SHALL BE SURRENDED FREE OF ANY INDEBTEDNESS THAT MAY HAVE BEEN FOR ACCOUNT OF THE CHARTERER.   8 THE CHARTERER IS RESPONSIBLE FOR ANY INSURANCE COVER THAT MAY BE REQUIRED IN RESPECT OF PERSONAL INJURY, DEATH, OR OTHER DAMAGE THAT MAY OCCUR DURING THE COURSE OF THE CHARTER TO THE CHARTERER OR ANY MEMBER OF THE CHARTER PARTY OR TO THEIR PROPERTY   9 USE OR POSSESSION OF ILLEGAL DRUGS OR DRUG PARAPHERNALIA, INCLUDING MARIJUANA, ONBOARD THE VESSEL SHALL RESULT IN IMMEDIATE TERMINATION OF THE CHARTER WITH FORFEITURE OF ALL MONIES PAID.   10 THE CHARTER FEE DOES NOT INCLUDE SCUBA DIVING EQUIPMENT FEES, FEES ASSOCIATED WITH THE USE OF SHORE FACILITIES (SUCH AS GOLF COURSES, CLUBS, RESTAURANTS), HIRE EQUIPMENT OR NON STANDARD WINE AND LIQUOR REQUESTS         National Bank, Meadowland's. 06-0266-0108254-00 Multisail Ltd P O Box 223 Paihia Bay of Islands, 0247 New Zealand BOAT PHONE: + 64 21 987682 MURRAY ROSS SHARRON ROSS