1           General

1.1         All reservations are conditional upon yacht availability.

1.2         Reservations will only be honored provided the Co- Owner account is in good standing with Amanzi.

2            Time Allotment

2.1.        Each 1/12 share shall entitle the Co- Owner to 4 weeks per year.

3            Reservation Periods

3.1.        All reservations shall be a minimum of one week in length and a maximum of two weeks in length unless the consent of the other Co-Owners is obtained for a longer period of continuous use.

3.2         All reservations shall have a restriction that no Co- Owner shall be allowed to reserve more than one week  in any 30 day period. The exception to this policy shall allow a Co- Owner to book a week with no limitations if the desired block period remains open two weeks prior to the first day of the desired reservation. This restriction is exempt from the Peak Season block.

3.3         A weekly reservation commences at 015:00 on a Friday and terminates at 08:00 the following Friday.

3.6       Interior cleaning responsibilities must be completed by 08:00 on the return date to ensure the yacht is available for preparation of subsequent reservations.

4            Reservation Process

4.2         Reservations may be cancelled at any time on-line or by telephoning the reservations office.

4.3        Co- Owners may exchange reservations belonging to other Co- Owners at their discretion. Amanzi must be notified of any changes agreed upon by both parties. This process may be facilitated by Amanzi or by the individuals directly at their discretion. The Manager of Amanzi shall be the final authority for the change.

5            Peak Season              

5.1         Definition of Peak Season

Peak Season is defined as the 12 week period comprising the Western Cape provincial school holidays for December/January of each year together with an equal number of weeks on either side of the school holidays, so as to make up 12 weeks.

5.2         The Peak Season bidding process will commence on 1^st April  and shall be completed no later than 30^th  April each year.

5.3         For the purposes of the bidding process the number of weeks making up Peak Season will be divided into blocks of equal periods amongst the number of shares existing within the yacht.

5.4         The bidding process for Peak Season shall be determined by a draw. All Co- Owners shall participate in a draw proportionate to the number of shares existing within the yacht. For example, 12 shares in a vessel, numbers 1-12 will be drawn. The recipient of number 1 shall have first bid and number 12 shall have the last bid in the process.

5.5         The Peak Season draw will apply for two consecutive years. In the second year the numbered order shall be reversed. For example, Co-Owner drawing number 1 bid in first year becomes number 12 bid in second year. Co-Owner who drew number 2 bid in first year will become number 11 bid in second year. The person who drew number 3 becomes number 10 for second year and so on. In the third year a new draw will take place.

6            Amendments

6.1         The rules within this policy may be amended by Amanzi at its discretion.

6.2         The rules within this policy may be amended and initiated by a Co- Owner with the agreement of all Co- Owners of a specific yacht. The final authority of the change will rely on the approval of Amanzi.

It is the intention of this document to best accommodate and allot usage, to all Co- Owners in a fair and equal manner.