Reverie Purchase

Main

Submit LOI

02/11/2012

Michael Flies to California

02/12/2012

Deposit US$2,000,000 with Lawyers HFW

02/13/2012

Per the LOI

Interview Operational Management Companies

02/13/2012 - 02/18/2012

Discussions & Negotiations with Vendor

02/13/2012 - 02/15/2012

MOA Preparation

02/15/2012 - 02/23/2012

Prepare the MOA

Buyer's Preview Day Cruise

02/18/2012 - 03/03/2012

Buyer to organise the Day trial cruise per the LOI. Note the earlier this happen & assuming the vessel is found to be satisfactory, the technical survey can then proceed.

MOA Signature by Both Parties

02/23/2012 - 02/25/2012

Allowing 2 days due to Geographical distance between Seller & Buyer

Organize Insurance Cover

02/27/2012 - 03/09/2012

Insurance quotations should be obtained from one or two brokerage houses, to be in place in time for the handover of the vessel.

Technical Sea Trial and Survey

02/27/2012 - 03/08/2012

Acceptance / Rejection Deadline

03/16/2012

Unless there are ongoing discussions between Buyer and Seller pursuant t the Condition Survey & that both parties agree to extend this date.

Purchase Yacht

03/19/2012 - 03/23/2012

Transfer of Funds, & Title of the Vessel