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Should the charter of the booked vessel be cancelled by clients, whatever the reasons may be, the clients shall be liable to inform Ultra-jedrenje d.o.o. about the incident. The clients shall be debitted owing to the cancellation in the amount of:

• 30% of the weekly yacht charter price if a reservation has been cancelled more than a month prior to the first charter day.

• 100% of the weekly charter price if a reservation has been cancelled less than a month prior to the first charter day,

• 20% of the weekly charter price if the company Ultra d.o.o. manages to find a client for the cancelled week.

Ultra-jedrenje d.o.o. shall consider the receipt date of the aforegoing information a basis for the settlement of accounts of the aforegoing cancellation costs and expenditures. Should a cancellation of the yacht charter booking be done owing to the Act of God, i.e. objective reasons stated by client (death in the family, unstable health condition, a serious accident, etc.) the amount that has already been settled shall not be returned, although the first next free appointment of the vessel shall be put at client's disposal.

However, in case it would not be possible to make the stated vessel available for the said client by Ultra-jedrenje d.o.o. owing to justified reasons, such as severe damages of the vessel during the previous charters, the company shall for the client enable the following:

• a reserve vessel with the same or similar features and equipment without any delay, or

• a 100% rebate of the paid amount for the charter vessel.

Should any of the vessel's parts be damaged or lost during the previous charter, and if it were impossible to obtain the new vessel parts prior to the date of the new charter, provided their loss will not affect the security of navigation, it will not be possible for the client to give up the charter or to demand a reduction of the charter price.