Bond conversion into a unit share.

A bond / note holder may convert a $250,000 bond into a 1/20 share ownership in a single rental unit valued at $6m. Each residence is entitled to calculated 1/336 net revenue (actual % based on unit purchase price). A bond convertion at 1/20 share in one unit increases the bond interest value from 15% to 20%. Below is a revenue share value calculation. These calculations are a conservative average of expectations. No conversion to equity in the company is offered.

Conversion Terms

Bond holders may choose to convert their bond at any time prior to the first scheduled disbursment.

No default exists upon the ship owner for schedule delays or any delayed delivery of the vessel / unit to the owner caused by the shipyard.