YACHT SHARE MEDITERRANEAN...We currently have a successful Hanse 575 syndicate operating in the Mediterranean out of Turkey and are now looking to open up syndicates operating in the

Syndication of Hanse 548 in the Whitsundays Australia

Prospective Owner Brief November 2017

About Yacht Share Mediterranean Yacht Share Mediterranean Pty Ltd (YSM) trading as YSMGlobal is an Australian owned Yacht Sydnication purchase and management company.

We currently have a successful Hanse 575 syndicate operating in the Mediterranean out of Turkey and are now looking to open up syndicates operating in the Whitsundays/Pittwater in Queensland/NSW Australia.

The Syndicate - YSMHANSE548-01YSM is pleased to announce the formation of a Syndicate for ownership of a brand new 2017 Hanse 548. This yacht is a brand new design just released by Hanse (July 2017).The photos following are of the very first 548 to be launched in Greifswald, Germany.This yacht will be ordered when the syndicate is 80% filled and it is planned to be ready for use in Airlie Beach/Pittwater 4 to 6 months after order.The yacht is an “Owners” 3 cabin version (2 x VIP cabins plus a double cabin) with a very high level specification. (See attached Annexure A)

YACHT SHARE MEDITERRANEAN


Price of Syndicate Ownership of Hanse 548YSM is looking for expressions of interest in syndicating the ownership of a Hanse 548 yacht to be launched (hopefully) in 2018.YSM have calculated a price for a Hanse 548 as detailed in the attached specification from Wind-craft plus extra non-factory items, with the Yacht being commissioned on the Gold Coast or in Sydney.It is intended to base the yacht in the Whitsundays May to October and in Pittwater December to April to take advantage of the premium weather and cruising destinatiions in Australia.Ownership interests in the syndicate are be priced as follows:

The price for a 1/10th share is AUD$131,200**The final price will be subject to the final agreed specifications and subject to factory prices rises, exchange rate and other factors.

Value Statement per 1/10 ownership Why is it better to own a share in a Syndicate than to charter a similar boat (age and specification) for the same period of time (4 weeks) each year.The following figures compare the daily usage cost for 4 weeks each year of Hanse 548 over the 3 year life of the syndicate assuming a 10% per annum depreciation on the capital cost and an estimated AUD$14,300 per share annual expenses.

3 Year Syndicate with 6 shares – Hanse 548:

Price Per Day (4 weeks usage per year) = AUD $890

Charter similar yacht Price Per Day (ave) = AUD $1,955

This is a saving per day = AUD $1,065

Ownership Structure

This syndicate has a maximum ten ownership units on offer. The yacht is Queensland registered and legal title is via a syndicate agreement in which there are multiple tenants in common. The yacht may also be registered as an Australian ship if desired, or if it is intended to sail outside Australian waters.

An owner may purchase more than one unit. The term of the Syndicate Agreement is three years at the end of which the yacht is sold with the proceeds split amongst the owners, or the syndicate agreement is extended.

An owner may offer his or her unit(s) for sale at any time.Our syndicated yachts are not offered for charter at any time.The syndicate has a contract with Yacht Share Mediterranean for the management of the yacht.

Sailing at Your Leisure

Four weeks are allocated to each 1/10th ownership unit during the year, with bookings covering a minimum of one week at a time allowing decent usage of the boat. Each stay is expected to start on a Friday evening with check out by 0900 on a Thursday morning. (Day to be confirmed).Owners may vote to base the yacht in different ports each year.

8 weeks per year will be allocated to major servicing, slipping and antifouling and and deliveries from Whitsundays to Pittwater and reverse in which it is hoped that some of the syndicate mem-bers will participate.The yacht will operate in the Whitsundays from May to October and from Pittwater from November to April (approximately).

How the syndicate works


Service, Maintenance and Repairs

Our partners in the Whitsundays and Pittwater will look after the boat and be resonsible for turnaounds and maintenance. All of the expenses incurred in the service and maintenance of the yacht are billed at cost to the owners in Australian Dollars via YSM.

These costs include:• Berthing of the vessel in a full service marina• Comprehensive Insurance for the vessel• Cleaning of the vessel after use• Annual slipping• Annual antifouling and hull polishing• Engine services – two per year• Sail-drive/leg service – one per year• Regular engine check-ups including top-ups on oil, batteries, water, etc• Vessel maintenance at approved facilitiesNote – repairs requested outside of the home base may attract a charge for the owner requesting the repair• Laundry service at turnaround• Underwater hull scrubs – two per year• Travel and accommodation for technical maintenance supervisor to ports other than Abel Point for the purposes of carrying out the maintenance works.

Estimated maintenance fees are charged quarterly in advance to each unit holder.

Actual maintenance fees are charged at cost to each unit holder – plus related bank charges – and applied against the quarterly payments with a reconciliation at the end of each year.

How the syndicate works



How the syndicate worksManagement Fees

Management Fees are charged in Australian dollars quarterly in advance to each unit holder.

Management fees include but are not limited to:• Administration• Trust accounting and reporting• Invoicing and receipting for all maintenance and management fees• Management Support• Management of the use of the vessel in accordance with the syndicate agreement and rule book• Coordination of all maintenance activities for the vessel• Coordination of vessel readiness for each unit holder• Coordination of vessel return by each unit holder• Coordination of delivery of the vessel to alternative cruising areas• Assistance with pre-departure planning• Assistance with itinerary changes during the cruise as requested• Annual inspection of the vessel

Hanse 548 Specification

NUM

` B&G NAVIGATION PACKAGE 1

XF2000 2 instrument pods (1 per helm station)

XF2200 2 B&G Triton² multifunction displays at helm station, incl. transducer (wind/depth/speed/temperature)

XF3000 B&G VHF V50 at chart table, incl. wireless remote handset H50 (only with XK5000 or XK5011)

XF4030 2 B&G Zeus³ 9" chart plotter, 1 per helm station

XF5000 B&G Autopilot with 2 Triton² control units and Precision 9 compass

XF9100 GoFree wireless link (only with XF4000, XF4030 or XF4031)

XK5000 VHF preparation with antenna and splitter for FM and AIS

XW2001 UPGRADE - H5000 INSTRUMENTS

XF2201 2 B&G H5000 multifunction displays at helm station, incl. transducer (wind/depth/speed/temperature)

XF4600 B&G AIS Class B transponder (only with XF4000, XF4030 or XF4031)

XF5001 B&G Autopilot with 2 H5000 control units and Precision 9 compass

XF5200 B&G CPU Hydra computer (only with XF2201)

XW2002 UPGRADE - 12" CHART PLOTTER 1

XF4031 2 B&G Zeus³ 12" chart plotter, 1 per helm station

XF9001 NMEA engine information interface for chart plotter (only with XF4000, XF4030 or XF4031)

XW3000 CRUISING PACKAGE 1

XC9032 Courtesy lights in cockpit

XC9062 Helmsman footrests (free mountable)

XC9080 4 additional cleats, midship, retractable (2 each side)

XC9100 Delta-anchor 40 kg, galvanized with 60 m galvanized chain, dia. 10 mm

XE1102 Backstay tensioner, hydraulic

XH1001 Battery set, capacity: 1x 90 Ah + 4x 160 Ah AGM

XH2201 Inverter/charger, 12 V / 3000 W - 150 A, incl. AC panel (only with XH1001)

XW3001 UPGRADE - SYNTHETIC TEAK 1

XC1326 Synthetic teak on cockpit bottom (colour selection)

XC1341 Synthetic teak on cockpit benches (colour selection)

XC1351 Synthetic teak on bathing platform (colour selection)

XW3002 UPGRADE - STAINLESS STEEL ANCHOR WITH CHAIN

XC9101 Ultra-anchor 35 kg, stainless steel, with Ultra Flip swivel and 100 m stainless steel chain, dia. 10 mm

XW4000 PERFORMANCE PACKAGE

XB1002 T-keel, cast iron, draft: 2.65 m

XC2201 XE3005 XE9001XE9002

2 GRP steering wheels, Y-spoke (colour selection)ELVSTRÖM FCL performance sails - full battened, triradial, main and jib Dyneema halyards for main and jibSelden MDS mainsail slider system

XW4001 UPGRADE - HPM SAILS

XE3010 ELVSTRÖM HPM high-performance sails - full battened, UV-protected membrane, main and jib

XW4100 GENNAKER PACKAGE

XE3105 ELVSTRÖM Gennaker (colour selection)

XE3110 Squeezer for Gennaker

XE9003 Gennaker package incl. halyard, 2 sheets, 2 blocks and padeyes

XW5000 COMFORT PACKAGE 1

XC9051 Electrical deck wash pump, mounted in bow area with outlet on deck

XC9300 2 vents for coach roof hatches

XL9001 Courtesy lights in saloon

XL9003 Indirect lights in saloon and cabins

XL9004 LED overhead lights in saloon and cabins, dimmable

XL9010 SLS - Scenario light system - touch screen controller and dimmer in saloon, fwd- and VIP cabin

XN2500 Cockpit cushions (colour selection)

XN2503 Cushions for helmsman seats (colour selection)

XW7001 ENTERTAINMENT PACKAGE - SALOON AND COCKPIT 1

Model: Hanse 548 PACKAGES

Yacht Share Mediterranean Pty Ltd Commercial in Confidence


XK1000 FUSION MS-AV750 Multimedia radio with bluetooth and CD/DVD player - for saloon and cockpit

XK1200 FUSION MS-AB206 subwoofer with integrated amplifier in saloon

XK2040 4 high-end 2-way speakers in saloon

XK2070 2 high-end 2-way speakers in cockpit

XK3000 FUSION MS-NRX remote control in cockpit

XK5030 FUSION wireless link - remote control via mobile devices

XW7005 TV PACKAGE - SALOON

XK4040 TV preparation in saloon

XK4140 LED TV flat screen in saloon

XK5020 DVB-T2 antenna for TV

XW7010 ENTERTAINMENT PACKAGE - MASTER CABIN (ONLY FOR B1)

XK1010 FUSION MS-AV750 Multimedia radio with bluetooth and CD/DVD player - for master cabin

XK2010 2 high-end 2-way speakers in master cabin

XK4010 TV preparation in master cabin (only with XL2001)

XK4110 LED TV flat screen in master cabin (only with XL2001)


XA1001 GRP hull, coloured gelcoat (colour selection)

XA1002 GRP hull, painted, non metallic (colour selection)

XA1003 GRP hull, painted, metallic (colour selection)

XA3001 Waterline and cove line, coloured gelcoat (colour selection - only with XA1000 or XA1001)XA3002 Waterline and cove line, painted, non metallic (colour selection - only with XA1002 or XA1003)

XA3003 Waterline and cove line, painted, metallic (colour selection - only with XA1002 or XA1003)

XB1001 L-keel, cast iron, draft: 2.20 m

XB1002 T-keel, cast iron, draft: 2.80 m

XB9000 Keel and rudder - not mounted

XL1002 A2: Crew cabin with sink, toilet and storage space (only with XL2001)

XL2002 B2: 2 fwd cabins with double berth, hanging locker and separate head with shower

XL2003 B3: 2 fwd cabins with double berth, hanging locker and separate head with shower - convertible by a

XL4002 D2: Head on port with sink, toilet and separate shower stall 1

XL4003 D3: Head on port with sink, toilet and separate utility room

XL6050 Day head door for head in saloon (only with XL4002) 1

XL7001 Saloon table electrically lowerable with cushions, convertible into double berth 1

XL7210 Add. double seat for dining area in saloon

XL7601 Worktop in galley - 'Corian' Vanilla

XM1101 Furniture - Canadian Chestnut 1

XM1104 Furniture - French Oak

XM1150 Furniture - High Gloss Finish (only for XM1100 or XM1101)

XM1161 Cupboard fronts coloured (partial as per design - colour selection)

XM1201 Floorboard - Classic Stripes

XM1202 Floorboard - Noce Nero 1

XM1203 Floorboard - Delight Oak

XN1100 Comfort mattrasses for all berths

XN2001 Upholstery - Monte Carlo (colour selection)

XN2002 Upholstery - Valencia (colour selection)

XN2003 Upholstery - Florence (colour selection)

XN2004 Upholstery - Portofino Leather (colour selection) 1

XN2200 Sun bed cushions on foredeck (colour selection)

XN2400 Sun bed cushions on coach roof (colour selection)

XN2500 Cockpit cushions (colour selection)

XN2503 Cushions for helmsman seats (colour selection)

XN2505 Cushions for wetbar (colour selection)

LAYOUT & INTERIOR

FURNITURE & FLOORBOARDS

UPOLSTERY, CARPETS & CURTAINS

DECK & OUTSIDE EQUIPMENT

HULL

KEEL



XC1300 Teak on side deck

XC1301 Synthetic teak on side deck (colour selection)

XC1310 Teak on coach roof

XC1311 Synthetic teak on coach roof (colour selection) 1

XC1325 Teak on cockpit bottom

XC1333 Teak on helmsman seats

XC1333 Teak on helmsman seats (only with XC9060)

XC1334 Synthetic teak on helmsman seats (colour selection - only with XC9060) 1

XC1350 Teak on bathing platform

XC2201 2 GRP steering wheels, Y-spoke (colour selection) 1

XC3004 2 cockpit tables, stainless steel with teak tops, electrically lowerable into sunbed incl. upholstery 1

XC3100 Wetbar with BBQ and sink with mixing tab

XC5102 2 LEWMAR 65 EST EVO electrical halyard winches (only with XH1001) 1

XC5202 2 LEWMAR 55 EST EVO electrical secondary winches (only with XH1001) 1

XC6000 Swimming stairs, extractable, manual 1

XC6501 Gangway, carbon, foldable with bag, 220 cm

XC6502 Gangway, retractable, electric/hydraulic with remote control

XC6601 Stainless steel ladder for gateway exit, foldable 1

XC7100 Air compressor for tender 1

XC7200 Davits, telescopic 1

XC9021 Additional stainless steel rail 1

XC9041 4 underwater lights below transom

XC9051 Electrical deck wash pump, mounted in bow area with outlet on deck

XC9060 2 helmsman seats, foldable (only with XC1333 or XC1334) 1

XC9200 Genoa tracks incl. cars with pin stop 1

XC9210 Self tacking jib system

XC9240 Mainsheet system

XC9421 Portlight in coach roof aft window port

XE1001 Mast, anodized aluminium with manual inmast furling system

XE1010 Mast, anodized aluminium with electric inmast furling system (only with XH1001) 1

XE1060 Furling boom, anodized aluminium, electrical - with vang (only with XH1001 and XE1000), (not with XE2051

XE1200 Manual jib furler

XE1210 Electric jib furler (only with XH1001) 1

XE1221 Second forestay with second furler, electrical (only with XH1001) 1

XE2001 Lazy bag with lazy jacks (colour selection - not with XE1001 or XE1010 or XE1060)

XE2009 Canvas windscreen with stainless steel stake (not with XE2012 and XE2015)

XE2010 Fixed windscreen with stainless steel frame (not with XE2012 and XE2015) 1XE2012 Sprayhood with stainless steel stake, 3 windows (1 openable - colour selection - not with XE2009 and

XE2013 Cockpit canvas cover for GRP hardtop - side and front (colour selection - only with XE2051 or XE2052 and 1

XE2015 Cockpit canopy (colour selection - only with XE2012 - not with XE2051 or XE2052 or XE2021)

XE2021 Bimini with stainless steel stake (colour selection - not with XE2051, XE2052 and XE2015)

XE2051 GRP hard top for cockpit with canvas sliding roof, colour: White 1

XE2052 GRP hard top for cockpit with canvas sliding roof - outside surface painted (colour selection)

XE3005 ELVSTRÖM FCL performance sails - full battened, triradial, main and jib 1

XE3010 ELVSTRÖM HPM high-performance sails - full battened, UV-protected membrane, main and jib

XE3023 ELVSTRÖM FCL performance sails - for second forestay, vertical battens, triradial, Reacher 145% (only with 1

XE3024 ELVSTRÖM HPM high-performance sails - for second forestay, vertical battened, UV-protected membrane,

XE9001 Dyneema halyards for main and jib 1

XE9100 Spreader lights, LED, 4 up and 4 down 1

XF4000 B&G Zeus³ 12" chart plotter at chart table 1

XF4500 B&G 4G Broadband Radar (only with XF4000, XF4030 or XF4031)

XF4600 B&G AIS Class B transponder (only with XF4000, XF4030 or XF4031) 1

XF4701 B&G Forward looking sonar (only with XF4000, XF4030 or XF4031)

RIGGING & SAILS

NAVIGATION & INSTRUMENTS



XG3101 Bowthruster, 24 V, retractable, incl. battery 1

XG3201 Sternthruster, 24 V, retractable, incl. battery (only with XG3101)

XG3211 Add. electronic throttle control at helm position, on port

XH1100 Battery management system 1

XH1600 Country Version: EU / AUS

XH2101 Generator, 10000i, 8,0 kW / 0 - 9,0 kVA, incl. maintenance kit

XH2201 Inverter/charger, 12 V / 3000 W - 150 A, incl. AC panel (only with XH1001)

XH3011 Electric toilet with sea water flush - cabin layout B1 (only with XL2001) 1

XH3013 2 electric toilets with sea water flush - cabin layout B2 or B3 (only with XL2002 or XL2003)

XH3021 Electric toilet with sea water flush - cabin layout E2 (only with XL5002)

XH3031 Electric toilet with sea water flush - cabin layout D2 or D3 (only with XL4002 or XL4003) 1

XH3200 Freshwater dockside connection in cockpit

XH4100 Heating, hot water ring with blowers in each cabin and head

XH4511 Air conditioning, 40.000 BTU, 4 units: 2 saloon, fwd cabin, aft cabin (only with XH2101 or shore power)

XH5020 Water maker, 230 V, 60 l / h (only with XH2101)

XH5101 Additional fridge in wetbar (only with XC3100)

XH5110 Additional fridge in utility room (ony with XL4003)

XH5120 Additional freezer in utility room (ony with XL4003)

XH5125 Optional freezer drawer in standard fridge 1

XH5150 Microwave in galley 1

XH5160 Coffee machine in galley 1XH5210 Dish washer in galleyXH5311 Washing machine with dryer function, front opening, in utility room - cabin layout D3 (only with XL4003)XH6001 Grey-water system for bathrooms and galley, tank: 100l - fresh-water capacity reduced 1

XK5000 VHF preparation with antenna and splitter for FM and AIS XK5011 Antenna for 3G/4G internet and Wi-Fi onboard


XY001 Gas compliance and stainless steel gas bottleXY002 Battery isolating systemXY003 Two fire extinguishers mounted - 1 boathook mountedXY003a 12v Sirocco cabin fans (each) 6XY005 Clock and Barometer 1XY006b 22" TV with built-in DVD player with digi antenna 1XY006c 32" Flat Screen TV for lifting system in SaloonXY007 Bimini XY007a Bimini with LED lights XY008 Dodger XY008a Dodger 'California' style with removable clears XY009 Shade infill for dodger/bimini (link sheet) XY010 Awning 1XY011 Wheel Covers (pair) 1XY012 Varnish Cockpit Table 2XY013 Cockpit tabel cover 2XY014 BBQ S/S (Sovereign) with grill & hotplate 1XY014a Extra S/S gas bottle 1XY015 BBQ Cover 1XY015a Aqualuma Series 6 Underwater LED Lights x 4 XY016 Extra Halyard (double braid) 1

100m gal anchor chain 1XY018a G2 Gennaker Norlon No 150 (snuffer not incl) XY019c Furling Jib with Battens Soft Norlam NLSX 9.4 NLXWXY022a G-Zero - RF Gennaker Norlan No.250 incl Furler and Furling lineXY023 Bobstay (to suit furling gennaker or 2:1 halyards)XY024 Rainman portable desalination unit - installedXY025 12 month Hanse service packageXY026 Club Marine Insurance

XY027 Boat name and registration sign writing

SAFETY EQUIPMENT PACKAGE WITH 8 MAN LIFERAFT 1CHARTER EQUIPMENT AND LEISURE 1DINGHY AND OUTBOARD 1

PROPULSION

EQUIPMENT

STEREO & ENTERTAINMENT

LOCAL FITTED EXTRAS - WINDCRAFT

LOCAL FITTED EXTRAS - YSM


Documents

YACHT SHARE MEDITERRANEAN...We currently have a successful Hanse 575 syndicate operating in the Mediterranean out of Turkey and are now looking to open up syndicates operating in the