Page 17 - 2025_AMIkids Yacht Donation Guide

AMIkids enhances donated yachts through partnerships with an extensive network
of maritime contractors, suppliers, and other industry professionals.

After completing the necessary improvements, AMIkids collaborates with reputable
yacht brokers to market the yachts. This approach ensures consistent marketing
practices while enabling brokers to earn fair compensation.

KEY DETAILS OF THE LEASE PROGRAM

• Lease Term: Three years.
• Title Retention: AMIkids retains ownership of the yacht during the lease term.
• Purchase Option: Lessees can opt to purchase the yacht at the end of the lease.
• Early Termination: Lessees may terminate the lease at any time by returning
the yacht (subject to lease agreement terms and conditions).

STEP 1: AGREEMENT
• Prospective lessees work with their yacht broker to submit an offer.
• Use the “Agreement to Enter into Lease” document rather than a standard
brokerage “Purchase & Sale Agreement.”
• A deposit is required and held in the broker’s escrow.
• Once under contract, the prospective lessee completes their due diligence survey.

STEP 2: ACCEPTANCE

• After due diligence, the lease agreement must be accepted.
• A “hard” credit check is conducted to maintain the integrity of AMIkids’
“True Operating Lease” structure.
• Navigational limits may be adjusted upon approval.

STEP 3: CLOSING
• Upon executing the lease, an amount equal to approximately one-half of the total
lease payments is due, and the broker’s deposit to AMIkids is released as partial
payment of this amount.
• Vessel insurance must list AMIkids as both a loss payee and an additional name
insured.

PAYMENT TERMS

• The balance of the lease payments are paid monthly in equal amounts.
• After the last lease payment is made, the Lessee will have the option to purchase
the vessel by paying an amount equal to approximately one-half of the total
lease payments that have been previously made.