YACHT BUILD AGREEMENT（游艇建造协议）

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YACHTBUILDAGREEMENT〔游艇建造协议〕

DATED：______________________

between

______‘sYachtpanyLimited，HongKong.〔Hereinafterreferredtoas“theBuilder”〕

and

BBBCC，Vietnam，〔Hereinafterreferredtoas“theBuyer”〕

WHEREAS：

1〕TheBuyerwishestoacquireaAAA‘sCape65TrawlerYacht〔theyacht〕designedbyThanosCondylis，andbuilttotheBuyer’sstatedrequirementsandspecification，andtheBuilderhasthecapability，knowledgeandskillstobuildandsupplythesame.

2〕TheBuilderhasagreedtoconstruct，equip，fit-out，testanddelivertheYachttotheBuyer‘sstatedrequirementsandspecification，whichtheBuyerhasagreedtoacceptuponthetermsandconditionshereinafterspecified：

NowthereforethePartiesheretohaveagreedanddoherebyagreeasfollows：

ARTICLEI-INTERPRETATION

1〕InthisContractthefollowingwordsandexpressionsshallhavethemeaningherebyascribedtothem，exceptwherethecontextotherwiseadmitsorrequires：

“BankingDays”ShallmeandaysuponwhichHongKongclearingbanksarecustomarilyopenforbusiness.

“theBuilder‘sClarifications”ShallmeanthedocumentssoentitledformingpartofthisContractandsetoutasAnnexeshereto；〔SeealsoItem〔2〕ofthisArticle.〕

“Buyer‘sRepresentative〔s〕”ShallmeansuchpersonsnotifiedfromtimetotimebytheBuyerashavingauthoritytoactfortheBuyer，theextentofsuchauthoritybeingsetoutinthenotice；

“ItemsofBuyer‘ssupply”ShallmeananyitemofequipmentandstoresfortheYachtorderedbytheBuyerdirectfromthemanufacturerorthesupplier，forincorporationintheYachtbytheBuilder；

“ItemsofBuilder‘ssupply”ShallmeananyitemofequipmentandstoresfortheYachtorderedbytheBuilderdirectfromthemanufacturerorthesupplier，forincorporationintheYacht；

“theCertifying/SurveyBody”Shallmeanthebodyresponsibleforthesurveyandcertificationoftheyachttotherequirementsofthebuyer.

“theContract”Shallmean〔a〕thisContract，and〔b〕theattachedAnnexesandschedulemoreparticularlydescribedbelow.

“theContractDeliveryDate”Shallmeannolaterthan________；

“theContractMasterProgramme”ShallmeantheprogrammeforconstructionoftheYacht，setoutinAnnexD；

“theContractPrice”ShallmeanthepricestipulatedinArticleVfortheYacht，YardNumber005；

“theYacht”ShallmeantheyachtthesubjectofthisContractandgenerallyasdescribedinArticleII，withallthemachinery，apparatus，outfit，materials，andequipmentappurtenantthereto，butexcludingtheitemsofBuyer‘ssupply.“theBoatyard”ShallmeanAAA‘sYachtpany，Xinhui，China.

“theDesignSpecifications”Shallmeanthespecifications，designs，plansanddrawings，setoutinScheduleA，preparedandsignedbytheBuyer，identifiedasformingpartofthisContract，andincludingsuchrevisedorsupplementalspecifications，plansanddrawingsasmaysubsequentlybeagreedbetweentheBuyerandtheBuilderPROVIDEDthat〔i〕inthecaseofanyinconsistencybetweenanyArticleorparagraphofthisContractandtheDesignSpecifications，thisContractshallprevail，〔ii〕inthecaseofanyinconsistencybetweentheDesignSpecificationsandaplanordrawing，theDesignSpecificationshallprevail，and〔iii〕inthecaseofanyinconsistencybetweenoneplanordrawingandanotherplanordrawing，thelaterindateshallprevail；

'ScheduleA'Shallmeantheagreedscheduleofdrawings

“AnnexA”Shallmeanthelistofmaterials，ponentsandequipmentdefiningapletedyacht；

'AnnexB'Shallmeantheagreedweldqualityprocedures

“AnnexC”ShallmeantheagreedShotBlasting，Fairing，PaintingandfoamingSpecifications

'AnnexD“Shallmeantheagreedproductionschedulemasterprogram.

“Specified”ShallmeanstipulatedinthespecificationsandAnnexA；

“Supplier”Shallmeananyperson，firmorpany，whichhasenteredintoacontractwiththeBuilderforthesupplyofmaterials，machinery，servicesorequipment〔otherthanitemsofBuyer‘ssupply〕fortheyacht；

TheIndex，Articleandparagraphheadings，areinsertedforconvenienceonlyandshallnotaffecttheconstructionofthisContract.

Wordsimportingthesingularshallincludethepluralandviceversa.

2〕ListofBuilder‘sclarifications，notcoveredinAnnexAdocument：

“CradlesforTransport”ThesupplyofaCradleforshipmentisexcludedfromthisContract.

“Dressing/SteppingtheMast”ThedressingandsteppingofmastfortheYachtisincludedintheBuilder‘ssupply.

“Storage”TheBuilderwillarrangesecurestorageashorefortheYachtattheBoatyardbetweenpletionofbuildandhandoveratdelivery.

“Fabrication”TheBuilderwillsupplysteelinpre-cutformwithatestcertificateinaccordancewiththebuilder‘sproductionandqualityplan.

“Welding”TheContractisbasedonNDT〔nondestructivetesting〕beingconductedtothestandardsrequiredbyDetNorskeVeritasclassRulesforyachtandSmallCraft，including100%visualexamination.Radiographywillbepletedwhereappropriate，attheBuilder‘scost.

AllweldingwillbecarriedoutinaccordancewiththequalityplanandISOweldproceduresapprovedbythebuyer‘srepresentativeandwillbeingeneralaccordancewithDetNorskeVeritasrequirements.

“ShotBlasting”ShotBlastingoftheYachtwillbeinaccordancewiththeagreedspecificationattachedinAnnexC.

“Insulation”TheinsulationoftheYachtwillbeinaccordancewiththeagreedspecificationattachedinAnnexC.

“FairingandPainting”ThefairingandpaintingoftheYachtwillbeinaccordancewiththeCoatingsSpecificationattachedinAnnexC.

“Equipment”TheresponsibilityforthesupplyofmaterialsandequipmentwillbeasdefinedandagreedintheponentsList〔AnnexA〕fortheYacht.

“QualityPlanDocumentation”AnagreedqualityplanwillbeissuedcoveringallaspectsoftheYacht‘sconstruction，whichwillinclude：

a〕Hull&DeckFabrication

b〕BlastandPrime

c〕FairandPaint

d〕ElectricalandmechanicalEngineering

e〕Fit-Out

ARTICLEII–DESCRIPTION

1〕TheYachttobeconstructedunderthisContractisaMotorYachtofapproximately20.00metreslengthoveralldesignedbyThanosCondylis，asdescribedinthespecifications，withthefollowingmainparticulars：

ApproximateDimensions

Lengthoverallabout20.00metres

Lengthonthewaterlineabout18.03metres

Beam〔max〕about5.75metres

Draftabout1.77metres

2〕AdistinctiveyardNumbershallbeplaceduponeachYachtandhermaterialsandoutfit，duringconstruction.TheYardNumberoftheYachtshallbeKYC-005.

ARTICLEIII–CONSTRUCTION，MATERIALSANDINSPECTION

1〕TheYachtandhermachinery，outfit，equipment，materialsandworkmanshipshallbeinaccordancewiththisContractandtheDesignSpecifications.

4〕IfanyspecifiedmaterialsarenotavailablewhenrequiredforincorporationontheYacht，theBuildershallbeatlibertytouseothersuitablematerialsinsubstitutiontherefore，subjecttotheapprovaloftheBuyer，whichapprovalshallnotbeunreasonablywithheld.AnyadjustmenttotheContract，DeliveryDateorDesignSpecificationresultingfromsuchsubstitutionshallbemadeinaccordancewiththeprovisionsofArticleIV.

6〕ThebuildwillbesubjecttoregularinspectionsbytheBuyer.Acmodation，mealsandentertai____entinChinafortheBuyer‘sstaffthatarepaidforbythebuilder，willbeinvoicedtothebuyeratcost.Thebuyerwillcoverhisowntravelcoststoandfromtheboatyard.

7〕TheBuilderundertakestoprovideasuitablyqualified〔Englishspeaking〕MarineEngineertoactasaliaisonpersonwiththeBuyerthroughoutthedurationofthiscontract.

8〕WherepracticaltheBuildershalltakeandmakeavailabletotheBuyer，digitalphotographicevidenceofallconstruction，paintingandfitoutstagesduringtheYacht‘sbuild.SuchdigitalinformationwillbesenttotheBuyerortheBuyer’sRepresentativebyelectronicmeansandatsuchfrequencytoallowtheBuyerortheBuyer‘srepresentativetomonitorthecourseoftheYacht’sbuild.

9〕Thematerials，ponentsandequipmentfortheYacht〔asdetailedandagreedontheponentSupplyListinAnnexA〕thataretheBuilder‘ssupplywillbeshippedtotheBoatyardbythebuilderathisexpense.ShippingcostsofItemsofBuyer’ssupplywillbeattheBuyer‘scosttogetherwithassociatedexportandimportprocedures，dutiesandinsurance.

10〕TheBuilder‘spremisesshallhavethenecessaryfacilitiesandequipmenttoconstructtheYachttotheagreedstandardsandspecifications.Thefacilitiesandequipmentwillincludeshotblastingequipment，airlesssprayequipment，boltweldingcapacitor，heavydutypulseMIGweldingequipmentandenviro____entalmonitoringequipmentcapableofprovidingarecordoftemperature，humidityanddewpoint.

ARTICLEIV–MODIFICATIONS

1〕AtanytimepriortoDeliveryoftheYachttheBuyerthroughtheBuyers'Representativemayrequest，inwriting，modificationsoradditionstoordeletionsfromtheDesignSpecificationsandScheduleA.

TheBuildershallnotbeobligedtoaccedetoanyrequestunderthisparagraph〔1〕unless：

i〕ItisreasonableandpracticablefortheBuildertodosohavingregardtothestageofconstructionwhichtheYachthasreachedandtotheBuilder‘sBoatyardprogramme；

ii〕ThePartiesshallfirstagreeinwritinginrelationtosuchmodifications，additions，ordeletions：

〔1〕AnyincreaseordecreaseintheContractPriceandvariationofthepaymenttermsfortheYacht；

〔2〕AnyextensionoftheContractDeliveryDate；

〔3〕AnyalterationofthetermsofthisContractortheDesignSpecificationorAnnexA.

ProvidedthattheBuildershallbeentitledtocontinueproductioninaccordancewiththeDesignSpecificationsandScheduleAuntilagreementhasbeenreachedasprovidedinthissub-paragraphii〕。

2〕TheBuildershallnotmakechangesinconstructionaldetailsormaterialsoftheYachtwithouttheagreementoftheBuyerinwriting.

ARTICLEV–PRICEANDTERMSOFPAYMENT

TheBuilderhasagreedtopletetheconstruction，outfitanddeliveryoftheYachtfortheBuyeronthefollowingterms.

1.ThecontractpricefortheyachtwillbeUS0，000〔EighthundredandfiftythousandUSdollars〕

2.PaymentofthefirmpricefortheYacht，shall，subjecttoparagraph3〕hereofbemadeininstalmentsfromtheBuyertotheBuilderasfollows：

InstalmentEvent

a〕InitialdepositofUS7，500〔onehundredandtwentyseventhousandfivehundred〕payableonthesigninghereof.

b〕UponarrivalofallstructuralbuildingmaterialsintheBoatyard，US7，500〔onehundredandtwentyseventhousandfivehundred〕

c〕OnsatisfactorypletionoftheYacht‘sstructuralsteelworkUS7，500〔onehundredandtwentyseventhousandfivehundred〕

d〕OnsatisfactorypletionoftheYacht‘sinteriorpaintingandinsulationstages，substantialpletionoftheYacht’sinteriorfurniturebuiltofftheYacht，andatthestartoffitout，US7，500〔onehundredandtwentyseventhousandfivehundred〕

e〕OnsatisfactorypletionoftheYacht‘sexteriorpaintingstages，US7，500〔onehundredandtwentyseventhousandfivehundred〕。

f〕OnsatisfactoryinstallationoftheYacht‘sengines，generatorsandmainengineroomsystems，togetherwithinstallationoftheflybridgestructure，US7，500〔onehundredandtwentyseventhousandfivehundred〕。

g〕OndeliveryandfinalacceptanceoftheYachtbytheBuyerUS，000〔Eightyfivethousand〕。

2〕TheBuildershall，bynotlessthanfourteendaysnoticeinwriting，advisetheBuyerofthedateuponwhicheachinstalmentoftheContractPriceshallbeepayable.

〔i〕SubjecttotheBuilder‘spliancewiththenoticeprovisionsoftheforegoingparagraph，eachofthesaidinstalmentsshallbeedueandpayableupontheappropriateInstalmentEvent，subjecttoreceiptbytheBuyeroftheBuilder’sinvoicethereof，acpaniedbya“StageCertificate”IssuedbytheBuildercertifyingthattheappropriateInstalmentEventhastakenplace.

4〕TheamountofeachinstalmentoftheContractPriceshallbepaiddirecttoAAA‘sYachtpanyLimited，A/Cnumber0842-5094atCitibankHongKong，〔RoutedviaCitibankNY，ABA#021000089，A/CCitibankHK，CHIPSUID030339，SwiftCodeCITIHKHX〕fortheaccountoftheBuilderwithinfourteenBankingdaysoftheduedateforpaymentandifnotsopaidshall〔withoutprejudicetoanyotherrightsoftheBuilderinrespectofnon-payment〕bearinterestfromtheduedateuntilpaymentatHKBaseRateplus4%.

ARTICLEVI–PROPERTY

2〕Thebuilderwillco-operatewithandgiveallreasonableassistancetothebuyerinrelationtothemeasurementandregistrationoftheyacht.

ARTICLEVII–INSURANCE

1〕DuringtheperiodofconstructionunderthisContractanduntildeliveryoftheYachtinaccordancewithArticleIX，theYachtandallmaterials，machineryandequipmentallocatedfortheconstructionthereofandallitemsofBuyer‘ssupplyactuallydeliveredtotheBuildershallbeattheriskoftheBuilder，whoshallatitsownexpensekeepthesameinsuredforasumnotlessthan110%oftheaggregatesumofthecontractpriceplusthevalueoftheitemsofBuyer’sSupplywithanapprovedinsurerorinsurersandinrespectofandagainstallordinaryyachtbuildingrisks，beingfire，storm，theft，flood，lightening，explosion，docking，undocking，launching，salvage，removalofwreck，strikes，civilmotion，maliciousdamage，sabotageandvandalism.

2〕BuyerssupplyitemswillbedeliveredtotheBuilderatXinhuiport，atwhichpointtheriskfortheitemswillpasstotheBuilder.

3〕AcertificateofinsuranceshowingthatthenecessarycoverisinplaceshallbedeliveredtotheBuyerifsorequired.

4〕Intheeventofanactual，constructive，promisedorarrangedtotallossoftheYachtpriortoDeliveryofthesametotheBuyer，eithertheBuyerortheBuildershallbeentitledtoterminatethisContractbyservingupontheBuilderortheBuyer，asthecasemaybe，writtennoticeoftermination，suchnoticetobedispatchedwithinfourteendaysofthedateuponwhichtheinsurersacceptthattheYachthasbeeanactualconstructive，promisedorarrangedtotalloss.

5〕IntheeventofanylossordamagebeingsustainedbytheYachtpriortodeliverywhichdoesnotconstituteanactual，constructive，promisedorarrangedtotalloss，theBuildershallrepairandmakegoodthatlossordamage〔hereinafterreferredtoasa‘partialloss’〕atthecostoftheBuilderandwhetherornotsufficientinsurancefundsmaybeavailable.

6〕Theproceedsoftheinsurancereferredtoinparagraph〔1〕ofthisArticleshallbedealtwithasfollows：

IftheinsuranceproceedsareinrespectofanactualorconstructiveorpromisedorarrangedtotallossthentheyshallbeappliedfirstlyinreimbursementtotheBuyeroftheamountofallpayments，ifany，madebytheBuyertotheBuilderunderthisContractandinreimbursementofthevalueofanyitemsofBuyer‘sSupplyand，secondly，inpaymentofanybalancetotheBuilder.

7〕FollowingDeliveryoftheYacht，theBuyershallacceptallriskintheYachtincludingallmaterials，machineryandequipmentthereof，andtheBuyershallatitsownexpenseberesponsibleforallinsurancerisksthereafter.

ARTICLEVIII–TESTS

1〕PriortodeliveryoftheYachttotheBuyer，theBuildershallcarryoutthetestsprovidedforintheQualityDocumentation，includingbutnotlimitedto：a〕Noiseandvibration

b〕Hoseandpressuretests

c〕MotoringtrialswithintheconfinesoftheWestRiver.

2〕TheBuildershallgivetheBuyerreasonablewrittennoticeofthetimeandplaceatwhicheachofthetestsistobecarriedout.

ARTICLEIX–DELIVERY

2〕ProvidedthatallinstalmentsandothersumsassetoutandcontainedinArticleVarefullypaidthentheDeliveryoftheYachtshallbeeffectedforthwithbytheconcurrentsignaturebytheBuyerandtheBuilderofaCertificateofDeliveryandAcceptanceacknowledgingDeliveryoftheYachtbytheBuilderandacceptancethereofbytheBuyerprovidedthatthesignaturethereofbytheBuyershallnotoperateasawaiverofanyrightswhichtheBuyermightotherwisehaveinrespectoftheYacht.3〕Upondelivery，theriskintheYachtdeliveredshallpasstotheBuyer，itbeingexpresslyunderstoodthat，untilDeliveryiseffected，theYachtandtheirequipmentareattheentireriskoftheBuilder.

4〕TheBuyershalltakepossessionoftheYachtimmediatelyuponDelivery.

6〕IfanyitemsontheYachtareinpletewhenthatYachtisotherwisereadyfordeliveryandtheBuyerandtheBuilderagreethatsuchitemsdonotmateriallyaffecttheoperationoftheYachtnorarelikelytocausedamageordeterioration，thentheBuyerwillnotunreasonablywithholditsconsenttotakeDeliveryoftheYachtsubjecttotherightoftheBuyertohavesuchitemspletedinamannertobemutuallyagreeduponinwritingbetweentheBuilderandtheBuyerandatthecostoftheBuilder.

ARTICLEX–DEFAULTOFTHEBUILDER

1〕TheBuildershallbeindefaultandthisContractmaybeterminatedbytheBuyerbynoticeinwritingtotheBuilderifatanytimebeforeDeliveryofeitherYacht：a〕TheBuilderwithoutjustcauserefusestoproceedwiththeconstructionoftheYacht；

b〕AnorderismadeoraneffectiveresolutionispassedforthewindingupoftheBuilderorareceiveroradministratorisappointedofthewholeoranypartoftheundertakingoftheBuilderor；

c〕TheBuyerisentitledtorejecttheyachtunderArticleIIISubPara5andifthebuilderdoesnotrectifythedefectoromissioninareasonabletime.

d〕ItshallbeeapparentduringtheperiodallowedforconstructionoftheYachtthattheBuildershallbetwomonthsinarrearsinrelationtotheCriticalBuildChart〔sucharrearsnotbeinginrespectofForceMajeure〕inrespectoftheYacht.

2〕IntheeventoftheBuyerterminatingthisContractinaccordancewithparagraph〔1〕ofthisArticle，theBuyershallbeentitledtotakepossessionoftheYachtinitsunfinishedstateandpletethesame，orhavethesamepleted，elsewhereatamutuallyagreedcost.ThecostsincurredbytheBuyerinpletingtheYachtincludingallcostsoftransportationandinsuranceshallbedeductedfromtheremaininginstalmentsoftheContractPrice.IfthesaidcostsshallexceedtheamountoftheremaininginstalmentsoftheContractPrice，theBuildershallpaythedifferencetotheBuyer.

3〕UpontheBuyertakingpossessionoftheYacht，intermsoftheforegoingparagraph〔a〕thepropertyandriskintheYachtandallitsmaterials，machinery，apparatus，outfitandequipmentshallpasstotheBuyer，and〔b〕saveasprovidedinparagraph〔2〕alltheobligations，dutiesandliabilitiesofeachofthepartiestotheother，underthisContract，shallforthwithbepletelydischarged.

4〕WhenanysumispayablebytheBuildertotheBuyerbywayofliquidateddamagespursuanttotheprovisionsofthisContract，paymentshallbemadewithinfourteendaysofDelivery〔andnotdeductedfromsumsduetotheBuilderonDelivery〕andshallbeinfullandfinalsatisfactionofallclaimsonbehalfoftheBuyerinrespectofthematterswhichgaverisetothepayment，withoutprejudice，however，toanyotherclaimoftheBuyerinrespectofmattersotherthandelay.

5〕NoticeofterminationbytheBuyershallbegiveninwritingandshallbeeffectivefourteendaysafterreceiptbytheBuilderunlesstheBuildershallhavethenremediedthedefault.

ARTICLEXII–DEFAULTOFTHEBUYER

〔a〕TheBuyerfailstopayanyinstalmentoftheContractPricewithinsevenbankingdaysofitsbeingdueandpayableinaccordancewithArticleV；or

〔c〕Thebuyerfailstosupplythematerials，ponentsandequipmentinaccordancewiththiscontractthebuyerhavingbeennotifiedinwritingbythebuilderofthematerial，ponentsorequipmentwhichthebuyerhasfailedtosupplytothebuilderand

B〕Thebuyerhavingfailedtomakesuchsupplywithinseven〔7〕daysofreceiptofsuchnoticeand

Suchfailuretosupplyordelaycausesthebuilderactualdirectdelayoradditionalcost.

〔a〕TheBuyerhasremediedthedefault；or

〔b〕NoticeofterminationoftheContractisgivenbytheBuildertotheBuyer；or

〔c〕TheBuilderotherwiseintimatestotheBuyerthatworkundertheContractistoberesumed.

3〕NoticeofterminationbytheBuilderunderthisArticleshallbegivenbyfaxandconfirmedinwritingandshallbeeffectivesevendaysafterreceiptthereofbytheBuyer，whereupontheBuildershall〔unlesstheBuyershallhavethenremediedthedefault〕beentitledtoexercisetherightsprovidedforinparagraph〔5〕。4〕TheBuildershallbeentitledtoterminatethisContractforthwith，bynoticegivenbyfaxandconfirmedinwriting，uponanorderbeingmadeoraneffectiveresolutionbeingpassedforthewindingupoftheBuyer〔otherthanamembers‘voluntarywindingupforthepurposeofamalgamationorreconstruction〕orareceiveroradministratorbeingappointedofthewholeorpartoftheundertakingoftheBuyer.

i〕InsatisfactionofthebalanceduetotheBuilderunderthisContract；and

ii〕Inmakingoverthebalance，ifany，totheBuyer.ARTICLEXII–GUARANTEE

1〕TheBuilderguaranteestheYachtandallpartsandequipmentthereofmanufacturedorfurnishedorsuppliedbytheBuilderortheBuilder‘ssupplierorsubcontractorunderthisContract〔includinginstallationbytheBuilderofitemsofBuyer’ssupply〕againstalldefectswhichareduetofaultyworkmanship，foraperiodoftwelvemonthsfromtheDateofDeliveryoftheYachttotheBuyer〔‘theGuaranteePeriod’〕。Suchguaranteewillnotsubsist，totheextentthedefectdirectlyresultsfromaprocedurespecifiedorapprovedbythebuyerandnotfaultyworkmanship.Theguaranteeprovidedinthisparagraph〔‘theBuilder’sGuarantee‘〕issubjecttotheprovisionsofthisArticle.

2〕TheBuyeroritsRepresentativeshallnotifytheBuilderinwriting，within30daysafterdiscoveryofanydefectforwhichaclaimismadeundertheBuilder‘sguarantee.TheBuyer’swrittennoticeshallsofaraspossibleincludefulldetailsastothenatureofthedefectandtheextentofthedamagecausedthereby.

3〕TheBuildershallhavenoobligationundertheBuilder‘sGuaranteeforanydefectsdiscoveredpriortothedateofexpiryoftheGuaranteePeriodunlesstheBuilderreceivesnoticeofsuchdefectsnotlaterthanthirtydaysaftersuchdateofexpiry.TheBuilderhasnoobligationinrespectofdefectsdiscoveredafterthedateofexpiryoftheGuaranteePeriod.

4〕TheBuilder‘sGuaranteeshallbelimitedtoremedyingatitsexpense〔includinganyattributabledry-dockingcharges〕anydefectagainstwhichtheYachtoranypartorequipmentthereofisguaranteedhereunderbymakingallnecessaryrepairsandreplacementsintheBoatyardprovidedthatiftheYachtcannotconvenientlybebroughttotheBoatyardtheBuildershallpaytotheBuyerasfullandfinalpensationtheequivalentinUnitedStatesdollarsoftheamountthattheBuilderwouldchargetheBuyeronanarm’slengthbasis〔includinganyattributabledry-dockingcharges〕ifthedefectshadbeenmadegoodattheBoatyard，ortheactualcostofrepair，whicheveristhelower.

ARTICLEXIII–PATENTS，TRADEMARKS，COPYRIGHTS

AlldocumentationanddrawingsprovidedbytheBuyerfortheBuildershallremainthecopyrightoftheBuyer.HoweverforhisownuseinrespectofandforthedurationofthisContractonly，theBuilderhasthepermissionoftheBuyertocopyrelevantdocumentationanddrawings.

ARTICLEXIV–LAW

ThisContractshallbeconstruedandinterpretedinaccordancewiththelawsofHongKongandthePartiesherebysubmittotheexclusivejurisdictionoftheCourtsoftheHongKongSpecialEconomicRegionofthePeoplesRepublicofChina.

ARTICLEXV–ASSIG____ENT

NeitherofthePartiesheretoshallbeentitledtoassignortransferorsubcontractanyofitsrightsordutieshereunderwithoutthepriorwrittenconsentoftheother，providedthatthisArticleshallnotoperatetopreventtheBuildersubcontractingthework.

ARTICLEXVI–MUNICATIONS

UnlessexpresslyprovidedotherwiseinthisContract，allnoticesandmunicationsrequiredtobegivenhereundershallbeinwriting〔whichexpressionincludesfacsimilemessagesandemailmessages〕andshallbeaddressedtotheBuyerat：HoChiMinhCity，Vietnam，Tel：_______，fax：_______，emailKKK，andtotheBuilderat：，Kowloon，HongKong，Tel：_______，Fax：_______，email：KKK.Eachpartyshallbearallthecostsofitsownmunications.

ARTICLEXVII–WAIVER

Anywaiver，orneglect，orforbearancebyeitherPartytorequireorenforceanyoftheprovisionsofthisContract，atanytime，shallnotprejudiceoraffectanyrightofthatpartyafterwardstoactstrictlyinaccordancewiththeprovisionshereincontained.

ARTICLEXVIII–ENTIRECONTRACT

ThisContractconstitutestheentireagreementbetweentheBuilderandtheBuyerinrelationtotheconstructionandpurchaseoftheYachtandneitherPartyplacesanyreliancewhatsoeveronanyrepresentations，statementsorunderstandings，whetheroralorinwriting，madepriortothedateofexecutionofthisContract，otherthanthoserepresentations，agreements，statementsandunderstandingsexpresslyincorporatedinthisContract.

ARTICLEXIX–DESIGN

INWITNESSWHEREOFthePartiesheretohavesubscribedthisContractbytheirrepresentativesdulyauthorisedinthatbehalf，

______________________。

forAAA‘SYACHTPANY〔SignatureandDate〕

______________________。

WITNESS〔PrintName，AddressandDate〕

WITNESS〔SignatureandDate〕

______________________。

Mr.BBBCC

______________________。

WITNESS〔PrintName，AddressandDate〕

______________________。

WITNESS〔SignatureandDate〕

ARTICLE1

THELIMITEDLIABILITYPANY

1.1Name.ThenameofthelimitedliabilitypanyshallbeCCC,LLC.

1.3Business.Thebusinessofthepanyshallbe(a)toprovideadvanceddigitalproduction,post-productionandtransmissionfacilities,digitalmediastorageanddistributionservices,telephony-baseddatastorageandenhancedservices,accessandroutingservices;(b)todoanyandallotherthingsnecessary,desirableorincidentaltotheforegoingpurposes;and(c)toengageinsuchotherlegalandlawfulbusinessactivitiesastheManagementmitteemaydeemdesirable.Thepanymaysellorotherwisedisposeofallorsubstantiallyallofitsassetsandanysuchsaleordispositionshallbeconsideredtobewithinthescopeofthepany'sbusiness.

1.4RegisteredOffice;Agent.Theregisteredo