Ownership of a luxury yacht moored in spectacular downtown Vancouver, amidst the best that beautiful British Columbia has to offer, is the ultimate expression of having arrived at the pinnacle of corporate success.

WHO IS IT FOR?

Industry leaders/successful corporations that are looking for new and exciting ways to celebrate their success and to express their appreciation to both management teams and their valued clients for substantial contributions they have made to that success. An opportunity to demonstrate to the world the privileges that come with rising to the top amongst the myriad of competitors within your industry.

WHY HAS THE PROGRAM BEEN DEVELOPED?

The growing trend towards “shared ownership” of luxury assets provides intelligent, cost-effective alternatives that allow for partial ownership of a corporate yacht…one that represents more appropriately an individual or corporation's true ability to use and enjoy the asset.

The cost savings are enormous. It is a financially responsible way for corporations to participate in an extremely prestigious program while cost-effectively sharing the costs with other corporate participants like themselves – all while maximizing tax benefits!

Most corporate owners and executives do not have the time or the knowledge base to operate and maintain a luxury yacht. And so, Ownermatch International provides professional management that will maximize ownership privileges through careful protection of the asset and ensure hassle-free usage by owners. Your corporate yacht will be “skippered” by professionals who plan and schedule sailings, provision the vessel, and provide safe operation to whatever destination you choose . . . leaving you free to relax and simply enjoy the incredible yachting lifestyle with friends, clients and business associates.

HOW DOES IT WORK?

Each owner receives 3 months' exclusive usage for family, friends and business associates or potential charter revenue. ( Based on 4 owners participating )

All costs of ownership are divided equally between owners.

Ownermatch International structures and provides all necessary legal documentation.

Ownermatch International manages all matters related to the maintenance and care of the vessel to protect long-term asset value.

Ownermatch International will administer all scheduling of use by owners, as well as matters related to the payment of fixed costs and collection of those costs from owners.

Ownermatch International will co-ordinate all charter activity and relocation of the yacht to southern waters if required for enjoyment through winter months. Scheduled relocation to southern waters for the winter months offers a whole new spectrum of incredible opportunities to provide the ultimate lifestyle to your team and clients.

WHO WILL BE MY CO-OWNERS?

In many cases the best partners for you might be successful local business people from within your own city or region, some whom you may already know because of their corporate success within your region. Alternatively, high quality participants in the program will be available from across the country – all of whom have achieved an extraordinary level of business success and wish to celebrate that success through the Yacht Co-Ownership Program. Ownermatch assures only the highest quality of participants in the program.

Several criteria determine the right yacht partnership. First is the home port of preference for the yacht to be located. Then comes the style and size of the vessel, and budgetary guidelines. Lastly, and most importantly, comes the usage requirements of each owner so that they can enjoy all the comfort and privacy of their own private yacht at whatever fraction of ownership works for them. It might be 50 percent ownership, one-third ownership, or maybe only a quarter share.

WHY NOW?

The City of Vancouver has arrived on the world stage… bursting with pride and positive energy as the Olympic Games of 2010 approach. Vancouver, Whistler and, in fact, all of spectacular British Columbia will be in the spotlight of the entire world over the next few years. What better time or opportunity could there be for having a prestigious corporate presence in Canada's most beautiful city!

MANAGEMENT FUNCTIONS FACILITATED BY OWNERMATCH

•  Scheduled usage by owners
•  24 hour reservation line for owners
•  Preparation of yacht before each sailing
•  Concierge service for arriving and departing owners
•  Cleaning services in between sailings
•  All routine maintenance between sailings
•  Overseeing annual haul-outs and maintenance
•  Relocation to Southern winter season cruising (if applicable)
•  Administering expenses and providing accounting to owners monthly
•  Arranging moorage, insurance coverage and security services
•  Providing professional skippers and crew
•  Skipper training and certification for owners

BENEFITS OF EXCLUSIVE CO-OWNERSHIP

Purchase Price – Reduce your initial capital outlay to only a fraction of the purchase price depending on the amount of actual usage required.

Professional Management – Assures that your vessel receives prompt attention to all matters related to protecting the value of your asset.

Safety – Ensure that all required maintenance is carried out efficiently and cost-effectively to guarantee safety of operation for you and your guests.

Insurance and Moorage – All costs are shared equally by all owners

Generate Revenue – Opportunity to receive optional Charter Revenue during periods you are not using your vessel.

Relocation Program – Extend your boating season by cost-effectively relocating your vessel to southern waters, making year round enjoyment possible.

CORPORATE YACHT 5 YEAR TAX STRATEGY

OBJECTIVE

•  To facilitate the purchase of luxury yacht for corporate use(entertainment/incentives/accommodations for staff/customers/management in Vancouver , British Columbia .
•  To structure the transaction in a formal way that will maximize tax benefits to the participants.

FORMAT

•  Limited Partnership (LP)
•  The purchasers ( eg. 4 companies participating equally) each acquire a 24.75% interest in the LP.
•  The LP would include a general partner, who would own 1% of the LP and be responsible for the management of the LP.
•  The LP would be formed in the province providing the most beneficial sales tax implications.

CASH REQUIREMENTS

•  Each limited partner would make a one time investment in the LP equal to their portion of the capital cost, structuring fee and first year operating costs.

INCOME TAX IMPLICATIONS

•  The LP would create an operating loss by maximizing deductions; this loss would be allocated to the corporate partners.

ONGOING OPERATIONS

•  The LP will operate the vessel over a five-year period and resell the asset at the end of the five years (unless all parties wish to extend the term)

•  On an ongoing basis the LP would generate funds from the following sources:
•  Token weekly charge for use by limited partners
•  Optional charter revenue (Vancouver/summer and eg. Cabo San Lucas/winter) to cover the costs of repositioning the vessel and expected ongoing annual fixed operating costs. Charter Revenue for 2 weeks of each owner's 12 weeks of time available will more than offset estimated annual fixed costs for each owner.

CURRENT EXCLUSIVE CORPORATE CO-OWNERSHIP OPPORTUNITIES

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