(g) Annual In-Class Vessel Confirmation Survey and Inspections. Annual In-Class Vessel Confirmation Survey and Inspections. Within one hundred five (105) days after the end of each fiscal year of the Mortgagor and at any other time reasonably requested by the Mortgagee, the Mortgagor shall (1) furnish to the Mortgagee a certificate of confirmation of class issued by the Classification Society showing that the classification and rating for each Vessel on the Delivery Date of each Vessel has been retained for each in class Vessel and (2) furnish to the Mortgagee copies of all Classification Society reports, including periodic and damage surveys for each Vessel; provided that, the foregoing shall not apply if the Vessel is in Government Use and the governmental body does not permit classification and rating of the Vessel. Notwithstanding the foregoing, if the Vessel is a barge which is not classed, then the Mortgagor shall, at all times, at its own cost and expense maintain and preserve each Vessel, so far as may be practicable, in at least as good order and condition, ordinary wear and tear excepted, as at the Delivery Date of such Vessel. Upon the Delivery Date and thereafter, the Mortgagor shall cause each Vessel to be and to remain documented under the laws of the United States of America. (h) Biennial Not Classed Vessel Survey and Inspections. Within one hundred five (105) days after the end of every two fiscal years of the Mortgagor commencing the second full fiscal year after the date of this Mortgage and at any other time reasonably requested by the Mortgagee, the Mortgagor shall obtain a survey and inspection of each not classed Vessel by an independent marine surveyor approved by the Mortgagee; and provided that, no such surveys will be requested within the last three (3) years prior to the Stated Maturity Date of the Note. The Mortgagor shall furnish two copies of such report of such independent marine surveyor to the Mortgagee within one hundred twenty-five (125) days after the end of every two fiscal years of the Mortgagor. (i) Biennial Appraisals of Vessels. Biennial Appraisals of Vessels. Within 105 days after the end of every two fiscal years of the Mortgagor commencing the second full fiscal year after the date of this Mortgage and at any time reasonably requested by the Mortgagee, the Mortgagor shall obtain, at its own expense, an appraisal of the fair market value, replacement value, orderly liquidation value and forced liquidation value of the Vessels from an appraiser approved by the Mortgagee and shall furnish two copies of such report and appraisal to the Mortgagee within 125 days after the end of every two fiscal years of the Mortgagor. This requirement may be met by the Mortgagor by providing copies of the latest annual class surveys and desktop appraisals of the Vessels to the Mortgagee to the extent available. (j) Material Changes in the Vessels. The Mortgagor shall not, after the Delivery Date of any undelivered Vessel or the Closing Date of any already delivered Vessel, make, or permit to be made, any material change in the structure, means of propulsion, type or speed of such Vessel or in its rig, without the Mortgagee's prior consent. SECTION 3.05. Payment of Moorage, Fuel, Seamen’s Wages and Other Items Giving Rise to Maritime Liens. The Mortgagor shall pay or cause to be paid all charges for goods and 3.05. Payment of Moorage, Fuel, Seamen’s Wages and Other Items Giving Rise to Maritime Liens. The Mortgagor shall pay or cause to be paid all charges for goods and services rendered to the Vessels, including, without limitation, all moorage, fuel and other consumables, maintenance, repairs, and insurance premiums; towage; seamen’s wages; salvage; liability to repair dock and collision damage; liability to compensate for personal injury and boating accidents; and maintenance, cure and unearned wages owed to former crewmen as and when the same shall be come due.

First Preferred [Fleet/Ship] Mortgage, Contract No. MA-\_\_\_\_\_\_ Page 8