Passenger Volume Incentive

The Company will pay the sum of TWO DOLLARS ($2.00) per passenger to the CRUISE OWNER for the accumulated number of passengers of not less than 10,000 up to 139,999 passengers who have paid in full the assessed passenger fee or head tax established in the effective port tariff or its equivalent issued by the corresponding port authority during this Regular Term. Furthermore, the Company will pay to the CRUISE OWNER FOUR DOLLARS AND FIFTY CENTS ($4.50) per every passenger that exceeds the accumulated number of 140,000 passengers who have paid in full the assessed passenger fee or head tax of the effective port tariff or its equivalent issued by the corresponding port authority during this Regular Term. This Passenger Volume Incentive will be paid by the Company in not less than thirty (30) calendar days upon receipt of the CRUISE OWNER's proper documentation as explained in Section 3.5 below and subject to the dispositions of the Section 2.1 (b) of this Regulation."