I SLAND

I SLAND YACHTING ATTACHMENT I Portfolio Financial Roll Up Island Global Yachtin Ltd. • • Fort Lauderdale, FL 33301 Tel: • Fax: • www.islecap.com EFTA01119822 Sun Portfolio Return Summar 0 Year Pro Forma Velataa Summary tun= Vega Gorda Villat Cay Simpson Ray Amman Ye.:14 Harba Pertain Virg* Gaya 0I. r 719 Purtkuist Pnce Equity 11.6913501 Mammon R Due Wawa Cob (<0140)) Artnesznon Fee 40,000 Myet Fees 65.000 6 1 000 66.03) 66.030 66000 66.000 66.000 66110C 0500) (0.000 IGY Cab Flow 1693.8711 (14,8711 01.4171 71.229 120.714 119.6001 40.263 14,756 110305 e.20).)) Net Cab Flow 12751.250) 1627/711 1474,1111 47,513 137.2211 1/6.714 51,290 101241 150,754 144543 1,126,295 ICY IRR 1.1% Ran FA a -21.1% 1.1% 41% 13% 2.3% 4.7% 8,74 241.0% Village Cay Owietrilia 33% Putthan Pau Equity (2.19.1.1411) Acq..nitice A Doe Dawes Cans 011331) Accemana Fee 43,33/ ICY Mpg Fen' 61030 06.000 66,000 66,000 66.000 61.010 66.000 61000 6640) 66.003 ICY Cub Flow 11 591 2.101 1162,0011 0693141 61357 278.807 310.405 342341 375.229 1951209 Net Cask Flew (2.338,381) 79,598 alai) 12111 0391) 1103.514) 134357 WOO 376,415 401.541 4.149 7,017,141 ICY IRR 133% Ratan on agony 14% 2.9% .117% -173% 3.7% 147% 111% 173% 11.9% Me% Simpson Bay Gamma, 100% Purchase Prat bialy 26411.55)1 ACCHMIIM St Due Diligence Can (650,033) Aceannion Fee 103.035 Ni? arm Fee, 75144 73,171 77.107 111127 15.822 90109 91706 101.134 105.913 113461 ICY Cash Flow 262717 145,053 597.914 695111 738.411 904,434 921.290 1 103.169 11211.90 17121976 Net Cad Flew 17394.553) 331541 111,213 675,021 776,411 112.4.1/3 995,043 I116,997 1304,103 1135174 11935/10 ICY IRR 141% Return ta Kant, 4.7% 3.0% 9.4% 10.11% 113% 11.11% 14.1% 16.7% 17.2% 2493% 4.erkaa Yachi Rader Oween614. 100% Purchase Puce EawlY 116.500,0701 Aegualmon R Due Dagera Cow Acepetuton Fee 14217711 . b5001 ICY Mgra Fen 364,613 383.09D 435,120 433.669 467.376 475,714 499543 524376 550.714 571,716 ICY fah Flow 138.045) 153,126 115.646 131,371 191116 1349.236 1.2171312 1,415367 1374362 21773.152 Net Cab Flew 116.665.771) 21467 5449 5311.766 07.442 331 32 1624340 1.1$607 IMO 111 44 23331331 ICY IRA 10.7% Ran es [44* 45% 13% 7.4% 140% 141.6% 22614 2.43% 27.1% 293% 40110% Plataie Pate Raft 127.021691/ 46146465. St Dv* Moen Cot 11.859,105 Pt* M ilf".1:0:4Fter 431.333) 572,455 514.261 614,221 631.996 WO% 693.323 711,551 751.711 719447 122130 ICY Cab Flow 1455.60/1 (210.1473 143,141 174106 1319.434 2.311.161 1354960 2.936034 )209360 59503631 Net Cash I low (23.450.462) 1164153 370 157.169 17 02 244404 3 3.216.512 3,713,744 00/.056 411,639.4411 IRR Portlato 112% Return ea Equity 0.4% 1.3% 3.4% 5.3% $.7% 10.6% 11.6% al% 141% 2111% Ig.1_11111 Total Atquinio. CIS II re 2)51)50 13.5% 2331.411 16.1% 7394353 107% 16.665.771 112% 21.4541.461 Yor 0 11.44 1 Ys2 Ys! Thor 4 Yew 5 Vat 6 Yew 7 Year 5 Vat 9 Year 10 1007 2000 Nag all 3011 2012 2013 2014 2015 2016 25% EFTA01119823