Homeport Frequency Incentive

The Company will pay to the CRUISE OWNER the sum of ONE DOLLAR ($1.00) per passenger who have paid in full the assessed passenger fee or head tax established in the effective port tariff or its equivalent, for every cruise ship that makes any port in the jurisdiction of Puerto Rico as homeport for a minimum of twenty (20) calendar days during a period of six (6) consecutive months. Subject to the dispositions of the Section 2.1 (b) of this Regulation, this Homeport Frequency Incentive will be paid by the Company every six (6) months during the term of this Regulation in not less than thirty (30) calendar days upon receipt from the CRUISE OWNER of its cruise ships' schedule for the prior six (6) months."