**COMMITTED      TERM SHEET **

**This Committed      Term Sheet does not **
**of      itself**
**      constitute a legally binding **
**facility      agreement**
** but      **
**details      the financing which we are prepared to provide and contains**
**an      outline of certain terms and conditions which will, inter alia, be embodied      in the Facility Documentation,**
**      which we mutually agree to negotiate in good faith and use reasonable commercial      efforts to conclude**
**.**

**USD      415,000,000 Term Loan Facility**

| **Facility**                                                     | Secured                Term Loan Facility                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  **Borrower(s)**                                            |  Nine                single purpose companies, registered in Hong Kong, each to own a                Vessel.                Such companies to be wholly owned by Energy Infrastructure Merger                Corporation (“EIMC”).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| **Guarantor(s)**                                                 | EIMC                (the “Guarantor”) to issue an unconditional and irrevocable on demand                Guarantee for the obligations towards the Lenders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **Seller**                                                       | Vanship                Holdings Ltd (“Vanship”), the present owner of the Borrowers, future                Seller of the Borrowers to EIMC and future holder of a minimum of                25% of                EIMC shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| **Optional                Structure**                            | This                termsheet summarises the Primary Structure which is the expected                structure                for the Facility. EIMC and or Seller to have the option if required                for                legal, accounting or regulatory purposes to nominate EIMC as the                Borrower                and the nine spcs as upstream Guarantors (“OPTIONAL STRUCTURE”) subject to                the confirmation by legal counsel to the underwriters that terms                and                security are equivalent to the Primary Structure. Such option shall                expire                14 days after the signing of this Committed Termsheet.                                                                                                                                                                                                                                                                                                                                                                                       |
| **Mandated                Lead Arrangers and Bookrunners**  | DVB                Merchant Bank (Asia) Ltd (“DVB”), Fortis Bank S.A./N.V. (“Fortis”), and                NIBC Bank Ltd. (“NIBC”).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|  **Underwriters**                                           |  DVB,                Fortis, and NIBC will each underwrite one third of Loan A. DVB will                in                addition fully underwrite Loan B.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| **Agent** **Security                Trustee**               | DVB.                 DVB.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| **Lenders**                                                      | The                Mandated Lead Arrangers and a group of other lenders acceptable to                the                Guarantor (such acceptance not to be unreasonably withheld).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| **Vessels**                                                      | -  Vessel                A: Shinyo Splendor, a 1993 built, 306,474 dwt VLCC,-  Vessel                B: Shinyo Navigator, a 1996 built, 300,549 dwt VLCC,-  Vessel                C: C. Dream, a 2000 built, 298,570 dwt VLCC,-  Vessel                D Shinyo Kannika, a 2001 built, 287,175 dwt VLCC -  Vessel                E: Shinyo Ocean, a 2001 built, 281,395 dwt VLCC-  Vessel                F: Shinyo Jubilee, a 1988 built, 250,192 dwt VLCC,-  Vessel                G: Shinyo Mariner, a 1991 built, 271,208 dwt VLCC,-  Vessel                H: Shinyo Alliance, a 1991 built, 248,034 dwt VLCC, -  Vessel                I: Shinyo Sawako, a 1995 built, 275,616 dwt VLCC,(each                a “Vessel” and together the “Vessels”) Vessels                A to E to be collectively referred to as the “Double Hull Vessels” and                Vessels F to I to be collectively referred to as the “Single Hull                Vessels” |

| EIMC                  LOAN FACILITY - COMMITTED TERM SHEET | STRICTLY                  PRIVATE AND CONFIDENTIAL | Page                  1 |
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| **Purpose**                             | To                provide the Borrowers with refinancing of the Vessels and additional                working capital.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Commitment                Date**      | The                date on which the Borrowers sign a committed offer from the Mandated                Lead                Arrangers.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| **Facility                Amount**      | A                Maximum Amount of USD 415,000,000 divided into two loans, “Loan A” and                “Loan B”. These two loans to be further sub-divided into 9 Vessel tranches                (each a “Tranche”, together the “Tranches”) each relating to a Borrower                SPC and a Vessel, each Borrower, jointly and severally liable within                each                Loan, as per Appendix 1. **Loan                A Amount**The                amount of Loan A will be the aggregate of the loan Tranches for each                of                the five double hull VLCCs, whereby the loan Tranche in respect of                each                double hull VLCC will be the lower of (a) the Maximum Loan A Amount                at                time of drawdown listed in Appendix A to the Commitment Letter and                (b) 70%                of the Fair Market Charter Free Value ("FMV") at time of                drawdown. **Loan                B Amount**The                amount of Loan B will be the aggregate of the loan Tranches for each                of                the four single hull VLCCs, whereby the loan Tranche in respect of                each                single hull VLCC will be the lower of (a) the Maximum Loan B Amount                at                time of drawdown listed in Appendix B to the Commitment Letter and                (b) 60%                of the Fair Market Charter Free Value ("FMV") at time of                drawdown.  |
| **Swap**                                | **Loan                A:**The                Borrowers shall be required, within three months of final Drawdown,                to                enter into an interest rate swap for a minimum period of 5 years                and for                at least 50% of the Loan A Amount, such swap to be provided on a                competitive basis by one of the Underwriters. The Borrowers will                give the                right to compete for the swap to all Underwriters. The Borrowers                will give                each Underwriter the right to match the best offer received and if                such                offer is matched to execute a pro rata portion of the swap.  **Loan                B:**DVB                as Loan B underwriter will have first right of refusal on any interest                rate hedging for Loan B.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| **Mandatory                Employment** | The                Vessels shall be employed on charter agreements (the “Charter Agreements”)                with terms and conditions, including Maturity and minimum hire acceptable                to the Underwriters. The existing Charter Agreements of Shinyo Jubilee,                Shinyo Mariner, Shinyo Alliance, Shinyo Sawako, Shinyo Splendor,                Shinyo                Navigator, C. Dream, Shinyo Kannika and Shinyo Ocean are acceptable                to the                Underwriters. Charter                Agreements are as follows (All rates mentioned are on a per day basis                and                after netting off charter commissions):-  Shinyo                Splendor TC to Sinochem until 31.05.2014 at USD 38,019.-  Shinyo                Navigator TC to DOSCO until 18.12.2016 at USD 42,705 -  C.                Dream TC to Sanko at USD 28,322 until 31.03.2009 and thereafter TC                to SK                Shipping at USD 29,250 until 31.03.2016-  Shinyo                Kannika TC to Dosco at USD 38,025 until 31.03.2017-  Shinyo                Ocean TC to Formosa at 38,400 until 30.04.2017 -  Shinyo                Jubilee CVC to S Oil until 30.9.09 at WS 77.8-  Shinyo                Mariner TC to DOSCO until 30.6.10 at USD 31,980-  Shinyo                Alliance TC to Formosa until 30.10.2010 at USD 29,700-  Shinyo                Sawako TC to DOSCO until 30.11.11 at USD                38,111     |

| EIMC                    LOAN FACILITY - COMMITTED TERM SHEET | STRICTLY                    PRIVATE AND CONFIDENTIAL | Page                    2 |
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| **Drawdown**                                  | The                Facility is to be drawn in up to one amount per Tranche by June                30th                2008 (the "Drawdown Date").                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Availability**                              | Subject                to fulfilment of all Conditions Precedent, the Facility will be available                for one drawing per Tranche during the period beginning on the date                of                signing of the Facility Agreement and ending on 30th                June 2008 or such later date as is mutually agreed between the Borrower                and the Lenders (the "Availability Date").                                                                                                                                                                                                                                                                                                                                                          |
| **One                Month Extension Option** | The                Borrowers have the option to extend the Availability and Drawdown                dates by                up to one month to July 31st,                2008 (the "One Month Extension Option"). In                the event that the Availability and Drawdown dates are                extended:·  the                relevant Tranche amount available for drawdown will be reduced by                one                third of the first instalment (as set out in Appendices A and                B);·  the                Borrowers will commence repayments on September 30th,                2008 by paying the remaining two thirds of the first instalment for                the                respective loan.   |
| **Final                Maturity Date**        | **Loan                A:**                according to the repayment schedule of each Tranche in Appendix A                and no                later than the earlier of June 30th, 2017 and 9 years after drawdown                of                each Tranche. **Loan                B:**                according to the repayment schedule of each Tranche in Appendix B                and no                later than December 31st                2010.                                                                                                                                                                                                                                                                                                                 |

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| **Repayment**   | Quarterly,                commencing on the last business day of the calendar month beginning                3                months from the Drawdown of each Tranche, as set out in the repayment                schedule in Appendices A and B or if a Borrower has exercised the                One                Month Extension, on the last business day of the calendar month beginning                2 months from the Drawdown Date of the relevant Tranche it being                noted                that the first payment period must be a maximum of 3 months or 2                months,                as the case may be, and may be a shorter period to ensure it falls                on the                last business day of the relevant calendar month.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Prepayments** | **Voluntary**Permitted                without penalty in multiples of USD 500,000 with 5 business-days                prior                written notice. Amounts received will be applied against the Facility                in                inverse order of maturity and pro rata between the Loans and                Tranches. **Mandatory**In                event of sale or total loss of a Vessel the relevant Tranche to be                repaid                in full and any remaining funds to be applied first to the other                Tranches                under the relevant Loan on a pro rata basis and in inverse order                of                maturity and then to the other Loan on a pro rata basis and in inverse                order of maturity. In                the event of cancellation of any existing Charter Agreement prior                to the                scheduled expiry date the relevant Tranche shall be repaid in full                unless                the Borrower can provide a substitute charter of equivalent quality                and                charter terms, within 60 days after charter expiry. The new charter                and                the terms and conditions under the new charter agreement to be acceptable                to the Agent, such acceptance not to be unreasonably withheld.                 Any                swap or other funding breakage costs to be for the account of the                Borrowers.  |
| **Interest**    | The                rate of interest will be the London Interbank Offered Rate (LIBOR)                plus                the applicable Margin. Interest periods to be 3, 6 or 12 months at                the                option of the Borrowers, or such other period mutually agreed between                the                Borrowers and the Agent.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
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| **Margin**      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

| **Loan                A**                                                  |                               |
|----------------------------------------------------------------------------|------------------------------------|
| Loan                  A Outstanding / Aggregate FMV of Double Hull Vessels | Applicable                  Margin |
| i)                  Below 50%                                              | 1.00%                              |
| ii)                  Between 50% and 65%                                   | 1.15%                              |
| iii)                  Above 65%                                            | 1.30%                              |
|                                                                       |                               |
| **Loan                  B**                                                |                               |
| Loan                  B Outstanding / Aggregate FMV of Single Hull Vessels | Applicable                  Margin |
| i)                  Below 50%                                              |  1.75%                        |
| ii)                  Between 50% and 70%                                   |  2.25%                        |
| iii)                  Above 70%                                            | 2.75%                              |

| **Commitment                Fee** | 0.25%                p.a., on the undrawn portion of the maximum committed Facility Amount                and                due from signing of the Facility Agreement. The commitment fee shall                be                payable on Drawdown of the relevant Tranche with the final commitment                fee                due on the later of the Drawdown of the final Tranche and the Availability                Date. |
|-----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| **(P)repayments                not to be redrawn**         | Any                amount that is repaid or prepaid under the facility is not available                for                redrawing after it has been repaid or prepaid.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
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|  **Borrowers’                Walk Away Option** |  By                signing this Committed Term Sheet, the Borrowers confirm their commitment                to enter into the Facility Documentation and drawdown the Loans,                subject                to the completion of the sale of those Borrowers and/or Vessels from                Vanship to Energy Infrastructure Acquisition Corp (“EIAC”) or EIMC (as the                case may be) (the “Acquisition”). The Borrowers and Vanship have the                option to walk away from their commitment at any time between accepting                such commitment and the closing of the Acquisition, in order to take                financing from another bank or financial institution, on payment                to the                Underwriters in proportion to their respective underwriting commitments                of                an amount equivalent to 0.25% of the maximum Facility Amount. Such                fee is                not payable in the event that the Lenders breach the terms of this                commitment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| **Security**                                               | The                facility to be secured by, inter alia, the following securities in                a form                and substance acceptable to the Lenders, to the extent legally permitted:                 **Loan                A** 1)  First                priority cross-collateralised mortgages over the Double Hull Vessels.                2)  First                priority cross-collateralised assignment by the Borrowers of the                earnings                of the Double Hull Vessels in a form acceptable to the Agent.3)  First                priority cross-collateralised assignment of all charters in excess                of 12                months (the “Charters”) related to the Double Hull Vessel 4)  First                priority cross-collateralised assignment of all insurances related                to the                Double Hull Vessels.5)  First                priority cross-collateralised pledge of the earnings accounts (the                Earnings Accounts”) relating to the Double Hull Vessels.6)  An                unconditional and irrevocable on demand Guarantee from the Guarantor.                7)  Option                to take first priority share pledge over the shares of the Borrowers                under                Loan A. The                Swaps entered into in connection with Loan A to be secured pari-passu                with                Loan A, and cross-defaulted to the Facility.  **Loan                B** 1)  First                priority cross-collateralised mortgages over the Single Hull Vessels.                2)  First                priority cross-collateralised assignment by the Borrowers of the                earnings                of the Single Hull Vessels in a form acceptable to the Agent.3)  First                priority cross-collateralised assignment of all Charters related                to the                Single Hull Vessels.4)  First                priority cross-collateralised assignment of all insurances related                to the                Single Hull Vessels.5)  First                priority cross-collateralised pledge of the Earnings Accounts relating                to                the Single Hull Vessels.6)  Option                to take cross-collateralised first priority share pledge over the                shares                of the Borrowers under Loan B7)  An                unconditional and irrevocable on demand Guarantee from the Guarantor.                  |

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|   | 8)  Second                priority cross-collateralised mortgages over the Double Hull Vessels.                9)  Second                priority cross-collateralised assignment by the Borrowers of the                earnings                of the Double Hull Vessels in a form acceptable to the Agent.10)  Second                priority cross-collateralised assignment of all Charters related                to Double                Hull Vessels.11)  Second                priority cross-collateralised assignment of all insurances related                to the                Double Hull Vessels.12)  Second                priority cross-collateralised pledge of the Earnings Accounts relating                to                the Double Hull Vessels.13)  Option                to take cross-collateralised second priority share pledge over the                shares                of the Borrowers under Loan A. Any                Swaps entered into in connection with Loan B to be secured pari-passu                with                Loan B, and cross-defaulted to the                Facility. |
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| **Earnings                and Retention Accounts** | In                respect of each Vessel, earnings to be paid into an Earnings Account                opened by the corresponding Borrower with a bank acceptable to the                Lenders                (the “Account Bank”). Each                Borrower to maintain a retention account (each a “Retention Account”) with                the Agent to have paid into it on a monthly basis 1/3rd                of                the next repayment instalment due and a fraction (corresponding to                the                number of months in the current interest period) of the next interest                payment in respect of each Tranche.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
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|  **Cashflow                Payment Cascade**  |  Cash                in any Borrower’s Earnings Account shall be distributed as                follows:a)  First                to cover any costs incurred by the Lenders and fees due;b)  Second                to fund the Retention account in respect of that Borrower; c)  Third                to maintain the Minimum Cash Reserve;d)  Fourth                to cover any Retention, Value Maintenance or cash shortfall under                the                respective Loan;e)  Fifth                to pay any amounts due under a Swap on the relevant Loan;f)  Sixth                pay operating expenses in respect of that Vessel; andg)  Surplus                funds, if any, shall be distributed to the Borrower’s order subject to no                Event of Default and compliance with all Covenants on the                Facility.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **Conditions                Precedent**            | Usual                and customary for a Facility of this type, to include a)  the                acquisition of the Vessel-owning SPCs by EIMC under a sale and purchase                agreement on terms acceptable to the Lenders and its merger with                EIAC,                EIMC being the surviving entity, b)  At                option of Lenders, satisfactory inspection reports of the Vessels                from                surveyors appointed by Lenders; and c)  completion                of KYC identification procedures as required by the Lenders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **Financial                Covenants**             | From                the Drawdown and until the Final Maturity Date, the Borrowers and                Guarantor to comply with the following financial covenants at any                time; **Borrowers:**Minimum                Cash Reserve of USD 625,000 per Borrower to be held with the Agent                or its                agreed Account Bank in the Earnings Account. Short term variations                to be                allowed to meet contingencies subject to compliance with Consolidated                Cash                Covenant on Guarantor. The                Borrowers to provide estimates for the anticipated cost of each schedule                dry-docking no later than twelve months in advance of the scheduled                dry-docking date. By the end of each subsequent Quarter, 25% of such                estimated amount to be retained, prior to declaration of any dividends,                as                an amount in the Earnings Account in addition to the Minimum Cash                Reserve.                The Borrowers shall have the rights to amend the estimates for the                dry-docking and will provide any updated estimates to the Lenders                on a                timely basis. In the event that the estimates, as amended, differ                from the                preceding estimates, the Borrowers will adjust the rate of retention                in                each Quarter such that the total of the amounts retained in the Earnings                Account for payment of scheduled dry-docking will represent 25%,                50%, 75%                and 100% of such estimate, as amended, at the end of each of the                first,                second, third and fourth quarters, respectively, prior to the scheduled                dry-docking date. |

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|   |  **Guarantor:**Based                on the Guarantor’s consolidated financial statements: 1.  Minimum                available cash of USD15,000,000 comprising a) amounts in Borrower’s                Earnings Accounts excluding amounts retained for scheduled dry-dockings,                b) free cash at holding level and c) undrawn working capital                facilities.2.  Minimum                Value Adjusted Net Worth of USD100,000,0003.  Maximum                Value Adjusted Leverage of 75%4.  Minimum                interest coverage (EBITDA/Interest Expense) of 2.25:1. Value                Adjusted Net Worth and Value Adjusted Leverage to be calculated by                adjusting book values of the Vessels by the premium or discount to                FMV. The                Financial Covenants to be tested on an annual basis on audited                consolidated accounts and semi annual basis on the basis of consolidated                management accounts. |
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| **Value                Maintenance**                   | In                respect of each Loan and its relevant Vessels, the FMV of the Vessels                shall at all times be a minimum of 125% (the “Value Maintenance                Percentage”) of the outstanding relevant Loan Amount, on an aggregate                basis.  Additionally,                for those Vessels whose remaining term of employment under the then                current Charter Agreement is less than 12 months, the Value Maintenance                Percentage will increase to 140% of the outstanding Tranche in respect                of                Double Hull vessels and 160% of the outstanding Tranche in respect                of                Single hull vessels.  Any                FMV shortfalls may be offset with surplus FMVs on other Tranches                within                the same Loan. The FMV to be established by taking the simple average                of                valuations obtained from two reputable brokers appointed from the                list of                agreed brokers by the Agent, and at the expense of the                Borrowers.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
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|  **Guarantor’s                Undertaking** |  The                Guarantor shall issue an irrevocable and unconditional undertaking                in                favour of the Lenders as follows: -  No                material change of any shareholders agreement related to the                Borrowers.-  Any                shareholders loan to be unsecured and be subordinated to the                Facility.-  No                change of control over the Borrowers.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|  **Insurance**                                    |  The                insurance requirements in relation to the Vessels will be subject                to an                initial review (prior signing of the security documents) followed                by                annual review by the Lenders of the insurance arrangements. At all                times                the interests of the Borrowers shall be assigned to the Agent as                security                for the Facility and Swaps.a)  Hull                & machinery, marine and war risks including blocking and trapping to                cover 120% of the relevant Tranche; b)  P                & I Cover to be provided by an International Group Club, including                freight, demurrage and defence cover;c)  MII                insurance and as relevant, MIAP for no less than 110% of the Tranche                outstanding. All                insurance to be placed with insurers and through brokers of international                reputation and to be acceptable to the agent, such acceptance not                to be                unreasonably withheld.Lenders’                interests to be noted with Agent as loss payee. Insurers to waive                rights                of subrogation against the Lenders, and to defer rights of subrogation                against the Borrowers and other security parties until full repayment                of                the Loan, interest, fees and all other outstanding liabilities owed                to the                Lenders and the other creditor parties under the loan and security                documents. |

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|  **Affirmative                Covenants** |  Usual                and customary for a syndicated transaction of this type, including                but not                limited to:a)  Flag:                Vessels to be registered in jurisdiction acceptable to the Lenders                (assumed to be Hong Kong). b)  Financial                Statements: Provision of annual audited financial statements of the                Guarantor within 180 days of the end of each fiscal period and semi-annual                accounts within 120 days.c)  Other                Information: The Borrowers and Guarantor shall from time to time                provide                such information as the Agent may reasonably request.d)  Cross                Default: Cross default to all other obligations in respect to the                Borrowers, the Guarantor, or any of their Principal                Subsidiaries.e)  The                Guarantor to ensure that there is sufficient cash to cover any scheduled                dry-docking costs minimum 30 days before such scheduled dry-docking                takes                place - sufficient cash to be defined as the minimum cash reserve                plus the                budgeted cost to cover such scheduled dry-docking.f)  Management:                Vanship shall have nominated three directors to the Board of EIMC                one of                which to also be the Chairman and shall have nominated all executive                officers of EIMC including the Chief Executive Officer. All such                nominations to have been appointed by the Board of EIMC. EIMC to                have                entered into a Management Agreement with Vanship or an affiliate                thereof                (the "Manager") for the commercial, technical, administrative and                strategic management of EIMC.g)  Technical                Management: The Manager to sub-contract technical management to Univan                or                such other ship management company approved by the Lenders.h)  Borrowers,                Manager and Vessels to comply with, inter alia, ISM and ISPS Code                requirements.i)  Lenders                to have the right to appoint a surveyor to inspect up to two Vessels                at                the expense of the Borrowers once a year (unless an event of default                or                major casualty has occurred, in which case the number of inspections                shall                not be limited). |
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|  **Negative                Covenants**    | Usual                and customary for a syndicated transaction of this type, including                but not                limited to:a)  Borrowers                not to create or suffer to exist any liens on the Vessels other than                liens                incurred in the normal course of business;b)  Borrowers                and EIMC not to incur any additional indebtedness without the consent                of                the Lenders.c)  Borrowers                shall not enter into any transactions with any associated companies                or                companies associated with the shareholders other than (i) the Management                Agreement contemplated by the Proxy/Registration statement to be                filed by                EIMC/the Borrowers and (ii) the purchase of vessels at FMV from Vanship                and (iii) as otherwise provided for in this agreement, without the                prior                written consent of the Agent;d)  The                Management and Flag of the Vessels not to be changed without the                prior                written consent of the Agent;e)  No                further mortgages to be registered on the Vessels and no further                security                to be created over any assets of the Borrowers without the prior                written                consent of the Agent;f)  No                change of control of the Guarantor, mergers or divestments without                prior                written consent of the majority Lenders, such consent to be not                unreasonably withheld. Vanship’s shareholders to maintain directly or                indirectly a shareholding in EIMC of at least 25% other than dilution                resulting from the raising of additional equity.g)  In                the event of covenant breach or default, no dividends to be permitted                without the prior consent of the                Lenders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

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| **Other                Covenants**         | Such                other covenants as are usual and customary for this type of credit                facility, including without limitation; 1.  Fulfilment                of all requirements under MARPOL 73/79 and the Condition Assessment                Scheme                (the “CAS”) in respect of single hull tankers. This evidence shall be made                on a yearly basis if the Vessels are older than 15 years.2.  Evidence                that the flag state (or such other flag state acceptable to the Agent)                will allow the employment of the Single Hull Vessels beyond 2010.                Such                evidence to be provided by the Borrowers to the Agent no later than                six                months before passing 31 December 2010.3.  In                the event that 3 or more countries of the following countries: PRC,                South                Korea, Japan, India, Indonesia, Thailand, Singapore and Taiwan enforce                a                phase-out of single-hull oil tankers without exception, Loan B will                be                immediately repayable as of the effectiveness of such phase-out in                the                last of the three countries to enforce such phase-out. |
|--------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  **Events                of Default** |  Those                events of default that are usual and customary for this type of credit                facility, including without limitation; (i) payment default, (ii)                breach                of any covenants or any other default under the Facility Documentation                of                any of the security documents (iii) cross default to other financial                indebtedness with the Borrowers and Guarantor, (iv) bankruptcy, insolvency                etc., (v) change of control or change of beneficial or legal ownership                of                any of the security parties, (vi) material adverse change and (vii)                misrepresentation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|  **Transferability**                  |  Lenders                shall be entitled to assign and/or transfer any/all rights and obligations                under the Facility envisaged in this committed term sheet to one                or more                third party/parties, without the prior consent of the Borrowers,                provided                that such transferee/transfer is legal for the Borrowers and no additional                costs are incurred for them. Lenders                shall be entitled to transfer rights and/or obligations under the                Facility                (and to pass on all information relating to the facility/borrowers)                to                affiliated companies and special purpose vehicles.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

| EIMC                    LOAN FACILITY - COMMITTED TERM SHEET | STRICTLY                    PRIVATE AND CONFIDENTIAL | Page                    9 |
|--------------------------------------------------------------|------------------------------------------------------|---------------------------|

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|  **Market                Flex** |  The                Borrowers and Guarantor acknowledge that if, in the Mandated Lead                Arrangers’ reasonable opinion, it appears likely that the Underwriters                will be unable to reach their Final Take Amount in relation to the                Facility through the normal syndication process of the Facility,                on the                basis of the agreed structure, terms and pricing set out in this                letter,                the Mandated Lead Arrangers may change any of the pricing, structure                and/or terms of the Facility, if the Mandated Lead Arrangers determines                that changes are advisable in order to ensure a successful syndication                of                the Facility, such terms to be determined after consultation with                Borrowers and Guarantor. The Mandated Lead Arrangers will not amend                either                the total amount of debt or the amortization profile of the facility                in                the first 24 months following the Drawdown Date. The Mandated Lead                Arrangers’ rights under this paragraph shall continue in full force and                effect until the date upon which Syndication is completed. For these                purposes (1) “Syndication” means the successful close of syndication of                the Facility following which each Underwriter has achieved its Final                Take                Amounts in Loan A and (2) “Final Take Amount” means USD 75                million. |
|--------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **Information                & Cooperation** | The                Borrowers and Guarantor will provide the Mandated Lead Arrangers                with all                assistance, information and material necessary to produce an Information                Memorandum (to be warranted by the Borrowers) in support of the                syndication process. The Guarantor shall also make senior management                attendance at the Lenders presentations and will utilise their best                efforts to ensure that the syndication process benefits from its                existing                banking relationships.  The                material provided to the Lenders will also include information relating                to                the business plans, asset valuations, disposals and such other information                as may be reasonably requested by the Mandated Lead Arrangers provided                that no information shall be required to be disclosed to the extent                that                such disclosure should (i) breach any applicable law or any regulations                of                any applicable stock exchange or (ii) is of a commercially sensitive                nature, the public disclosure of which, would be prejudicial to the                interests of the Borrowers, disclosure of which, as contemplated                by this                paragraph, cannot be made without giving rise to a public disclosure                obligation under applicable laws and regulations.  Prior                to the provisions of any information to prospective lenders, such                lenders                will be requested to sign confidentiality agreement in form and substance                acceptable to the Mandated Lead Arrangers. In                addition, the Borrowers will allow the Mandated Lead Arrangers to                disclose                standard tombstone information on the Facility for publicity purposes                after closing. |
|--------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Facility                Documentation**        | In                terms acceptable to the Lenders and their legal advisers, and to                contain                all provisions commonly included in Eurodollar financings, syndicated                loans and ship finance loans. Facility Documentation to include Swap                ISDA                documentation to cover the Borrowers entering into a swap agreement                with                Lenders. The Borrowers, Guarantor and shareholders to provide customer                identification required by the Agent and/or Lenders in compliance                with the                requirements of local regulators relevant to the Lenders. The governing                law of the facility agreement and the guarantee shall be the laws                of                England or, in the case of the security documents, the appropriate                country.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

| EIMC                    LOAN FACILITY - COMMITTED TERM SHEET | STRICTLY                    PRIVATE AND CONFIDENTIAL | Page                    10 |
|--------------------------------------------------------------|------------------------------------------------------|----------------------------|

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| **Consent                to Disclosure**   | The                Borrowers irrevocably authorise the Lenders to give, divulge and                reveal                from time to time information and details relating to its account,                the                Facility Documentation, the Facility and the documents giving rise                to the                Swap Option to any authorities, the Lenders’ respective head office,                branches and affiliates, any other parties to the Facility Documentation;                and any other person regarding the funding, operational arrangement                or                other transaction in relation thereto, including without limitation,                for                purposes in connection with any enforcement or assignment or transfer                of                any of the Lenders’ rights and obligations. |
|------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Other                costs**                       | All                reasonable documented expenses, including legal expenses, relating                to                drafting, negotiation, syndication, closing, maintenance and enforcement                of the Facility to be paid by the Borrowers regardless of whether                or not a                Facility Agreement is executed by the parties (other than due to                gross                negligence or wilful misconduct by the Lenders).                                                                                                                                                                                                                                                                                                                                                                                                                 |
| **Legal                Counsel**                     | To                be agreed                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **Jurisdiction**                                     | English                Law will apply to the Facility documentation and the parties shall                submit                to the non-exclusive jurisdiction of the English                courts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|  **Timetable**                                  |  This                Committed Termsheet is valid for acceptance until 11.2.08. Documentation                to be signed by 30.4.08                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

| /s/                Maarten Vis /s/                Vicente Alava-Pons | /s/                Otto Jan van Diepen/s/                Kwek Chih Keong | /s/                Hugo van Kattendijke/s/                Frans van de Bospoort |
|----------------------------------------------------------------------|--------------------------------------------------------------------------|---------------------------------------------------------------------------------|
| Authorised                Signatories                                | Authorised                Signatories                                    | Authorised                Signatories                                           |
| DVB                Merchant Bank (Asia) Ltd                          | Fortis                Bank S.A/N.V                                       | NIBC                Bank Ltd.                                                   |
| Date:                February 11, 2008                               | Date:                February 11, 2008                                   | Date:                February 11, 2008                                          |

| EIMC                  LOAN FACILITY - COMMITTED TERM SHEET | STRICTLY                  PRIVATE AND CONFIDENTIAL | Page                  11 |
|------------------------------------------------------------|----------------------------------------------------|--------------------------|

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| EIMC                    LOAN FACILITY - COMMITTED TERM SHEET | STRICTLY                    PRIVATE AND CONFIDENTIAL | Page                    12 |
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**Appendix      A - Indicative repayment schedule - Double Hull Vessels Loan      A**

| Months                after Drawdown Date | Shinyo                Splendor - 1993 | Shinyo                Kannika - 2001 | Shinyo                Ocean - 2001 | Shinyo                Navigator - 1996 | C.                Dream 2000 |
|-------------------------------------------|---------------------------------------|--------------------------------------|------------------------------------|----------------------------------------|------------------------------|
|                                      | Repayment                             | Closing                Balance       | Repayment                          | Closing                Balance         | Repayment                    | Closing                Balance | Repayment | Closing                Balance | Repayment | Closing                Balance |
|                                      |                                  | -                                    |                               |                                   |                         |   |   |   |   |   |
|                                      | $0                                    | $51,000,000                          | $0                                 | $73,000,000                            | $0                           | $73,000,000 | $0 | $70,000,000 | $0 | $58,000,000 |
| 3                                         | $1,000,000                            | $50,000,000                          | $1,000,000                         | $72,000,000                            | $1,000,000                   | $72,000,000 | $1,000,000 | $69,000,000 | $650,000 | $57,350,000 |
| 6                                         | $1,000,000                            | $49,000,000                          | $1,000,000                         | $71,000,000                            | $1,000,000                   | $71,000,000 | $1,000,000 | $68,000,000 | $650,000 | $56,700,000 |
| 9                                         | $1,000,000                            | $48,000,000                          | $1,000,000                         | $70,000,000                            | $1,000,000                   | $70,000,000 | $1,000,000 | $67,000,000 | $650,000 | $56,050,000 |
| 12                                        | $1,000,000                            | $47,000,000                          | $1,000,000                         | $69,000,000                            | $1,000,000                   | $69,000,000 | $1,000,000 | $66,000,000 | $650,000 | $55,400,000 |
| 15                                        | $1,000,000                            | $46,000,000                          | $1,500,000                         | $67,500,000                            | $1,500,000                   | $67,500,000 | $1,000,000 | $65,000,000 | $1,000,000 | $54,400,000 |
| 18                                        | $1,000,000                            | $45,000,000                          | $1,500,000                         | $66,000,000                            | $1,500,000                   | $66,000,000 | $1,000,000 | $64,000,000 | $1,000,000 | $53,400,000 |
| 21                                        | $1,000,000                            | $44,000,000                          | $1,500,000                         | $64,500,000                            | $1,500,000                   | $64,500,000 | $1,000,000 | $63,000,000 | $1,000,000 | $52,400,000 |
| 24                                        | $1,000,000                            | $43,000,000                          | $1,500,000                         | $63,000,000                            | $1,500,000                   | $63,000,000 | $1,000,000 | $62,000,000 | $1,000,000 | $51,400,000 |
| 27                                        | $1,785,000                            | $41,215,000                          | $1,460,000                         | $61,540,000                            | $1,460,000                   | $61,540,000 | $1,860,000 | $60,140,000 | $1,060,000 | $50,340,000 |
| 30                                        | $1,785,000                            | $39,430,000                          | $1,460,000                         | $60,080,000                            | $1,460,000                   | $60,080,000 | $1,860,000 | $58,280,000 | $1,060,000 | $49,280,000 |
| 33                                        | $1,785,000                            | $37,645,000                          | $1,460,000                         | $58,620,000                            | $1,460,000                   | $58,620,000 | $1,860,000 | $56,420,000 | $1,060,000 | $48,220,000 |
| 36                                        | $1,785,000                            | $35,860,000                          | $1,460,000                         | $57,160,000                            | $1,460,000                   | $57,160,000 | $1,860,000 | $54,560,000 | $1,060,000 | $47,160,000 |
| 39                                        | $1,885,000                            | $33,975,000                          | $1,610,000                         | $55,550,000                            | $1,610,000                   | $55,550,000 | $2,010,000 | $52,550,000 | $1,260,000 | $45,900,000 |
| 42                                        | $1,885,000                            | $32,090,000                          | $1,610,000                         | $53,940,000                            | $1,610,000                   | $53,940,000 | $2,010,000 | $50,540,000 | $1,260,000 | $44,640,000 |
| 45                                        | $1,885,000                            | $30,205,000                          | $1,610,000                         | $52,330,000                            | $1,610,000                   | $52,330,000 | $2,010,000 | $48,530,000 | $1,260,000 | $43,380,000 |
| 48                                        | $1,885,000                            | $28,320,000                          | $1,610,000                         | $50,720,000                            | $1,610,000                   | $50,720,000 | $2,010,000 | $46,520,000 | $1,260,000 | $42,120,000 |
| 51                                        | $1,985,000                            | $26,335,000                          | $1,610,000                         | $49,110,000                            | $1,610,000                   | $49,110,000 | $2,135,000 | $44,385,000 | $1,360,000 | $40,760,000 |
| 54                                        | $1,985,000                            | $24,350,000                          | $1,610,000                         | $47,500,000                            | $1,610,000                   | $47,500,000 | $2,135,000 | $42,250,000 | $1,360,000 | $39,400,000 |
| 57                                        | $1,985,000                            | $22,365,000                          | $1,610,000                         | $45,890,000                            | $1,610,000                   | $45,890,000 | $2,135,000 | $40,115,000 | $1,360,000 | $38,040,000 |
| 60                                        | $1,985,000                            | $20,380,000                          | $1,610,000                         | $44,280,000                            | $1,610,000                   | $44,280,000 | $2,135,000 | $37,980,000 | $1,360,000 | $36,680,000 |
| 63                                        | $2,110,000                            | $18,270,000                          | $1,760,000                         | $42,520,000                            | $1,760,000                   | $42,520,000 | $2,260,000 | $35,720,000 | $1,360,000 | $35,320,000 |
| 66                                        | $2,110,000                            | $16,160,000                          | $1,760,000                         | $40,760,000                            | $1,760,000                   | $40,760,000 | $2,260,000 | $33,460,000 | $1,360,000 | $33,960,000 |
| 69                                        | $2,110,000                            | $14,050,000                          | $1,760,000                         | $39,000,000                            | $1,760,000                   | $39,000,000 | $2,260,000 | $31,200,000 | $1,360,000 | $32,600,000 |
| 72                                        | $2,110,000                            | $11,940,000                          | $1,760,000                         | $37,240,000                            | $1,760,000                   | $37,240,000 | $2,260,000 | $28,940,000 | $1,360,000 | $31,240,000 |
| 75                                        | $2,110,000                            | $9,830,000                           | $1,860,000                         | $35,380,000                            | $1,860,000                   | $35,380,000 | $2,360,000 | $26,580,000 | $1,460,000 | $29,780,000 |
| 78                                        | $2,110,000                            | $7,720,000                           | $1,860,000                         | $33,520,000                            | $1,860,000                   | $33,520,000 | $2,360,000 | $24,220,000 | $1,460,000 | $28,320,000 |
| 81                                        | $2,110,000                            | $5,610,000                           | $1,860,000                         | $31,660,000                            | $1,860,000                   | $31,660,000 | $2,360,000 | $21,860,000 | $1,460,000 | $26,860,000 |
| 84                                        | $2,110,000                            | $3,500,000                           | $1,860,000                         | $29,800,000                            | $1,860,000                   | $29,800,000 | $2,360,000 | $19,500,000 | $1,460,000 | $25,400,000 |
| 87                                        | $3,500,000                            | $0                                   | $1,960,000                         | $27,840,000                            | $1,960,000                   | $27,840,000 | $2,510,000 | $16,990,000 | $1,460,000 | $23,940,000 |
| 90                                        | $0                                    | $0                                   | $1,960,000                         | $25,880,000                            | $1,960,000                   | $25,880,000 | $2,510,000 | $14,480,000 | $1,460,000 | $22,480,000 |
| 93                                        | $0                                    | $0                                   | $1,960,000                         | $23,920,000                            | $1,960,000                   | $23,920,000 | $2,510,000 | $11,970,000 | $1,460,000 | $21,020,000 |
| 96                                        | $0                                    | $0                                   | $1,960,000                         | $21,960,000                            | $1,960,000                   | $21,960,000 | $2,510,000 | $9,460,000 | $1,460,000 | $19,560,000 |
| 99                                        | $0                                    | $0                                   | $2,060,000                         | $19,900,000                            | $2,060,000                   | $19,900,000 | $2,660,000 | $6,800,000 | $1,460,000 | $18,100,000 |
| 101                                       | $0                                    | $0                                   | $2,060,000                         | $17,840,000                            | $2,060,000                   | $17,840,000 | $2,660,000 | $4,140,000 | $1,460,000 | $16,640,000 |
| 104                                       | $0                                    | $0                                   | $2,060,000                         | $15,780,000                            | $2,060,000                   | $15,780,000 | $2,660,000 | $1,480,000 | $1,460,000 | $15,180,000 |
| 107                                       | $0                                    | $0                                   | $15,780,000                        | $0                                     | $15,780,000                  | $0 | $1,480,000 | $0 | $15,180,000 | $0 |

| EIMC                    LOAN FACILITY - COMMITTED TERM SHEET | STRICTLY                    PRIVATE AND CONFIDENTIAL | Page                    13 |
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**Appendix      B - Indicative repayment schedule - Single Hull Vessels Loan      B**

| Months                after Drawdown Date | Shinyo                Sawako - 1995 | Shinyo                Alliance -1991 | Shinyo                Jubilee - 1988 | Shinyo                Mariner - 1991 |
|-------------------------------------------|-------------------------------------|--------------------------------------|--------------------------------------|--------------------------------------|
|                                      | Repayment                           | Closing                Balance       | Repayment                            | Closing                Balance       | Repayment | Closing                Balance | Repayment | Closing                Balance |
|                                      |                                | -                                    |                                 | -                                    |   | - |   | - |
|                                      | $0                                  | $27,000,000                          | $0                                   | $24,000,000                          | $0 | $15,000,000 | $0 | $24,000,000 |
| 3                                         | $1,500,000                          | $25,500,000                          | $1,500,000                           | $22,500,000                          | $1,000,000 | $14,000,000 | $1,500,000 | $22,500,000 |
| 6                                         | $1,500,000                          | $24,000,000                          | $1,500,000                           | $21,000,000                          | $1,000,000 | $13,000,000 | $1,500,000 | $21,000,000 |
| 9                                         | $1,500,000                          | $22,500,000                          | $1,500,000                           | $19,500,000                          | $1,000,000 | $12,000,000 | $1,500,000 | $19,500,000 |
| 12                                        | $1,500,000                          | $21,000,000                          | $1,500,000                           | $18,000,000                          | $1,000,000 | $11,000,000 | $1,500,000 | $18,000,000 |
| 15                                        | $1,500,000                          | $19,500,000                          | $1,500,000                           | $16,500,000                          | $1,000,000 | $10,000,000 | $1,500,000 | $16,500,000 |
| 18                                        | $1,500,000                          | $18,000,000                          | $1,500,000                           | $15,000,000                          | $10,000,000 | $0 | $1,500,000 | $15,000,000 |
| 21                                        | $1,500,000                          | $16,500,000                          | $1,500,000                           | $13,500,000                          |   |   | $1,500,000 | $13,500,000 |
| 24                                        | $1,500,000                          | $15,000,000                          | $1,500,000                           | $12,000,000                          |   |   | $1,500,000 | $12,000,000 |
| 27                                        | $1,500,000                          | $13,500,000                          | $1,500,000                           | $10,500,000                          |   |   | $1,500,000 | $10,500,000 |
| 30                                        | $13,500,000                         | $0                                   | $10,500,000                          | $0                                   |   |   | $10,500,000 | $0 |

| EIMC                    LOAN FACILITY - COMMITTED TERM SHEET | STRICTLY                    PRIVATE AND CONFIDENTIAL | Page                    14 |
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