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|  Clause |                                                          | Page  |
|--------------|---------------------------------------------------------------|------------|
| 1            | INTERPRETATION                                                | 2     |
| 2            | AGREEMENT      OF THE CREDITOR PARTIES                        | 2     |
| 3            | CONDITIONS      PRECEDENT                                     | 3     |
| 4            | REPRESENTATIONS      AND WARRANTIES                           | 3     |
| 5            | AMENDMENTS      TO LOAN AGREEMENT AND OTHER FINANCE DOCUMENTS | 3     |
| 6            | FURTHER      ASSURANCES                                       | 5     |
| 7            | FEES      AND EXPENSES                                        | 6     |
| 8            | COMMUNICATIONS                                                | 6     |
| 9            | SUPPLEMENTAL                                                  | 6     |
| 10           | LAW      AND JURISDICTION                                     | 6          |

| SCHEDULE   LENDERS |   | 8  |
|-----------------------------------|--------|---------|
| EXECUTION      PAGES              |   | 9       |

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| (1) | CAPITAL PRODUCT PARTNERS      L.P.  as Borrower; |
|-----|------------------------------------------------------------|

| (2) | THE BANKS AND FINANCIAL      INSTITUTIONS  listed in Schedule 1 herein, as Lenders; |
|-----|-----------------------------------------------------------------------------------------------|

| (3) | HSH NORDBANK      AG, acting through      its office at Gerhart-Hauptmann-Platz 50, D-20095 Hamburg, Germany      as Agent; |
|-----|-----------------------------------------------------------------------------------------------------------------------------|

| (4) | HSH NORDBANK      AG, acting through      its office at Gerhart-Hauptmann-Platz 50, D-20095 Hamburg,      Germany, as Security      Trustee; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | HSH NORDBANK      AG, acting through      its office at Gerhart-Hauptmann-Platz 50, D-20095 Hamburg,      Germany, as Bookrunner;  and |
|-----|----------------------------------------------------------------------------------------------------------------------------------------|

| (6) | HSH NORDBANK      AG, acting      through its office at Martensdamm 6, D-24103 Kiel,      Germany as Swap      Bank. |
|-----|----------------------------------------------------------------------------------------------------------------------|

| (A) | By      a loan agreement dated 22 March 2007 as amended and supplemented by      supplemental agreements dated, respectively, 19 September 2007, 11 June      2008, 7 April 2009 and 8 April 2009 (together, the “Loan Agreement”) and      made between (i) the Borrower, (ii) the Lenders, (iii) the Agent, (iv) the      Security Trustee, (v) the Bookrunner and (vi) the Swap Bank, the Lenders      agreed to make available to the Borrower revolving credit and term loan      facilities in an amount of (originally) US$370,000,000 in aggregate of      which an amount of US$366,500,000 is outstanding by way of principal on      the date hereof. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | The      Borrower has requested that the Lenders give their  consent: |
|-----|-----------------------------------------------------------------------|

|   | (i) | for      the Market Value of a Ship or a Fleet Vessel, which at the relevant time      is subject to an Approved Charter to be calculated for the purposes of      clause 15.4 of the Loan Agreement by taking into account the value of such      Approved Charter during the period commencing on 30 June 2009 and ending      on 30 June 2012 (the “Adjustment Period”);      and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the      increase of the ratio of Total Indebtedness less cash and cash equivalents      to the aggregate of Market Value of all Fleet Vessels during the      Adjustment Period. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | The      Lenders’ consent to the Borrower’s requests referred to in Recital (B) are      subject to the followingconditions: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the      Margin increasing to either 1.35 or 1.45 per cent. per annum during the      Adjustment Period; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------|

|   | (ii) | if      at any time during the Adjustment Period, the rating of any Approved      Charterer of a Ship or a Fleet Vessel subject to an Approved Charter at      the relevant time falls below Aa2 (in the case of Moody’s) and/or AA (in      the case of Fitch or S&P) (so long as at least two of the three rating      agencies reduce their ratings below the levels referred to above), the      Market Value of that Ship or a Fleet Vessel shall be calculated free of      that Approved Charter. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (D) | This      Agreement sets out the terms and conditions on which the Creditor Parties      agree, with effect on and from the Effective Date, to amend the Loan      Agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 1 | INTERPRETATION |
|---|----------------|

| 1.1 | Defined      expressions.  Words and expressions defined in the Loan      Agreement and the other Finance Documents shall have the same meanings      when used in this Agreement unless the context otherwise      requires. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | Definitions.  In      this Agreement, unless the contrary intention  appears: |
|-----|-----------------------------------------------------------------------------------------|

| 1.3 | Application of construction and      interpretation provisions of Loan Agreement.  Clauses 1.2      and 1.5 of the Loan Agreement apply, with any necessary modifications, to      this Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | AGREEMENT      OF THE CREDITOR PARTIES |
|---|----------------------------------------|

| 2.1 | Agreement of the      Lenders.  The Lenders agree, subject to and upon the      terms and conditions of thisAgreement: |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

| (a) | to      calculate during the Adjustment Period the market value of a Ship or a      Fleet Vessel which at the relevant time is subject to an Approved Charter      by taking into account the Approved Charter applicable thereto;      and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | to      the increase of the ratio of Total Indebtedness less cash and cash      equivalents to the aggregate of Market Value of all Fleet Vessels from      0.725:1 to 0.80:1. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | Agreement of the Creditor      Parties.  The Creditor Parties agree, subject to and upon      the terms and conditions of this Agreement, to the consequential amendment      of the Loan Agreement and the other Finance Documents in connection with      the matters referred to in Clause2.1. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 2.3 | Effective Date. The      agreement of the Lenders and the other Creditor Parties contained in      Clauses 2.1 and 2.2 shall have effect on and from the Effective      Date. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | CONDITIONS      PRECEDENT |
|---|---------------------------|

| 3.1 | General.  The      agreement of the Lenders and the other Creditor Parties contained in      Clauses 2.1 and 2.2 is subject to the fulfilment of the conditions      precedent in Clause 3.2. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | Conditions      precedent.  The conditions referred to in Clause 3.1 are      that the Agent shall have received the following documents and evidence in      all respects in form and substance satisfactory to the Agent and its      lawyers on or before the EffectiveDate: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | documents      of the kind specified in paragraphs 3, 4 and 5 of Schedule 3, Part A to      the Loan Agreement in relation to the Borrower and each Owner in      connection with their execution of this Agreement and the Mortgage      Addenda, updated with appropriate modifications to refer to this      Agreement; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | an      original of this Agreement duly executed by the parties to it and      counter-signed by each of theOwners; |
|-----|---------------------------------------------------------------------------------------------------------------------|

| (c) | receipt      of an original of each Mortgage Addendum duly signed by the relevant Owner      and evidence satisfactory to the Agent and its lawyers that the same has      been registered as a valid addendum to the applicable Mortgage in      accordance with the laws of the applicable Approved Flag      State; |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | in      relation to each Ship and each Fleet Vessel subject to an Approved      Charter, a copy of the Approved Charter applicable thereto duly executed      by the parties thereto and evidence satisfactory to the Agent and its      lawyers that the relevant Ship or Fleet Vessel is operating under that      Approved Charter; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | favourable      opinions from lawyers appointed by the Agent on such matters concerning      the laws of the Approved Flag State(s) on which the Ships are registered      and such other relevant jurisdictions as the Agent may      require; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | evidence      that the fees specified in Clause 7.1 have been received in full by      the Agent; and |
|-----|------------------------------------------------------------------------------------------------------------|

| (g) | any      other document or evidence as the Agent may request in writing from the      Borrower. |
|-----|-------------------------------------------------------------------------------------------------|

| 4 | REPRESENTATIONS      AND WARRANTIES |
|---|-------------------------------------|

| 4.1 | Repetition of Loan Agreement      representations and warranties.  The Borrower represents      and warrants to the Creditor Parties that the representations and      warranties in clause 10 of the Loan Agreement remain true and not      misleading if repeated on the date of this  Agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2 | Repetition of Finance Document      representations and warranties.  The Borrower and each of      the other Security Parties represents and warrants to the Creditor Parties      that the representations and warranties in the Finance Documents (other      than the Loan Agreement) to which it is a party remain true and not      misleading if repeated on the date of this  Agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5 | AMENDMENTS      TO LOAN AGREEMENT AND OTHER FINANCEDOCUMENTS |
|---|--------------------------------------------------------------|

| 5.1 | Specific amendments to Loan      Agreement.  With effect on and from the Effective Date      the Loan Agreement shall be amended asfollows: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | by      adding the following definition in Clause 1.1  thereof: |
|-----|-----------------------------------------------------------------|

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| (b) | by      adding in Clause 1.1 thereof the definitions of “Approved Charter”,      “Approved Charterer”, “Moody’s”, “S&P”, “Fitch” and “Mortgage      Addendum” set out in Clause 1.2 of this  Agreement; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | by      adding in the definition of “Approved Broker” in Clause 1.1 thereof before the words “and      Barry Rogliano Salles” thefollowing: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | by      deleting the definition of “Margin” in Clause 1.1 thereof in its entirety      and substituting the same with thefollowing: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | during      the period starting on 22 March 2007 and ending on 29 June 2009, 0.75 per      cent. per annum; and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------|

|   | (b) | at      all other times thereafter: |
|--------|-----|-------------------------------------|

|   | (i) | at      any time when (A) the ratio of Total Indebtedness less cash and cash      equivalents to the aggregate Market Value of all Fleet Vessels is up to      (and including) 70 per cent. and (B) the Security Cover Ratio is at least      143 per cent., 1.35 per cent. per annum;and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | at      any time when either (A) the ratio of Total Indebtedness less cash and      cash equivalents to the aggregate Market Value of all Fleet Vessels is      more than 70 per cent. and up to (and including) 80 per cent. or (B) the      Security Cover Ratio is more than 125 per cent. but less than 143 per      cent., 1.45 per cent. per annum;”; |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | by      deleting paragraph (a) of Clause 12.5 thereof in its entirety and by      replacing it with the following: |
|-----|--------------------------------------------------------------------------------------------------------------------|

|   | “(a) | the      ratio of Total Indebtedness less cash and cash equivalents to the      aggregate Market Value of all the Fleet Vessels shall not      exceed: |
|--------|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | during      the Adjustment Period, 0.80:1; and |
|--------|-----|------------------------------------------------|

|    | (ii) | at      all other times thereafter,0.725:1;” |
|--------------|------|----------------------------------------------------|

| (f) | by      deleting paragraph (d) of clause 15.4 thereof in its entirety and by      replacing it with the following: |
|-----|--------------------------------------------------------------------------------------------------------------------|

|   | “(d) | on      the basis of a sale for prompt delivery for cash on normal arm’s length      commercial terms as between a willing seller and a willing      buyer: |
|--------|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | free      of any existing charter or contract of  employment: |
|--------|-----|---------------------------------------------------------------|

|   | (A) | for      the purpose of determining the amount of any Advance which may during the      Adjustment Period be reborrowed pursuant to the terms of this      Agreement; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (B) | for      the purpose of determining the aggregate Market Value of all Ships then      subject to a Mortgage for any Advance to be reborrowed pursuant to the      terms of this Agreement; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (C) | at      all times other than during the Adjustment Period;  or |
|--------|-----|----------------------------------------------------------------|

|   | (ii) | inclusive      of any Approved Charter during the Adjustment Period for the purpose of      calculating the financial covenant set out in Clause 12.5(a);”;      and |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g) | by      adding a “hanging” paragraph at the end of clause 15.4 thereof as      follows: |
|-----|-----------------------------------------------------------------------------------------------------|

|   | (a) | Moody’s      adjusts its rating of any Approved Charterer to below Aa2, and at least      one of Fitch’s or S&P adjusts its rating of the same Approved      Charterer to below AA; or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | both      Fitch’s and S&P adjust their rating of any Approved Charterer to below      AA, |
|--------|-----|-----------------------------------------------------------------------------------------------------|

| 5.2 | Amendments to Finance      Documents.  With effect on and from the Effective Date      each of the Finance Documents other than the Loan Agreement shall be, and      shall be deemed by this Agreement to have been, amended as      follows: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | the      definition of, and references throughout each of the Finance Documents to,      the Loan Agreement and any of the other Finance Documents shall be      construed as if the same referred to the Loan Agreement and those Finance      Documents as amended and supplemented by this  Agreement; |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | by      construing all references in the Loan Agreement and in the Finance      Documents to a “Mortgage” as references to that Mortgage as amended and      supplemented by the Mortgage Addendum applicable thereto;    and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | by      construing references throughout each of the Finance Documents to “this      Agreement”, “this Deed”, hereunder and other like expressions as if the      same referred to such Finance Documents as amended and supplemented by      this Agreement. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3 | Finance Documents to remain in      full force and effect.  The Finance Documents shall      remain in full force and effect as amended and supplemented      by: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | the      amendments to the Finance Documents contained or referred to in Clauses      5.1 and 5.2; and |
|-----|--------------------------------------------------------------------------------------------------------|

| (b) | such      further or consequential modifications as may be necessary to give full      effect to the terms of thisAgreement. |
|-----|------------------------------------------------------------------------------------------------------------------------------|

| 6 | FURTHER      ASSURANCES |
|---|-------------------------|

| 6.1 | Borrower’s and each Security      Party’s obligation to execute further documents etc. The Borrower      and each Security Party shall: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | execute      and deliver to the Security Trustee (or as it may direct) any assignment,      mortgage, power of attorney, proxy or other document, governed by the law      of England or such other country as the Security Trustee may, in any      particular case, specify; |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (b) | effect      any registration or notarisation, give any notice or take any other      step, |
|-----|--------------------------------------------------------------------------------------------|

|   | which      the Agent may, by notice to the Borrower, specify for any of the purposes      described in Clause 6.2 or for any similar or related      purpose. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | Purposes of further      assurances.  Those purposes  are: |
|-----|----------------------------------------------------------------------|

| (a) | validly      and effectively to create any Security Interest or right of any kind which      the Security Trustee intended should be created by or pursuant to the Loan      Agreement or any other Finance Document, each as amended and supplemented      by this Agreement, and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | implementing      the terms and provisions of thisAgreement. |
|-----|--------------------------------------------------------------|

| 6.3 | Terms of further      assurances.  The Security Trustee may specify the terms      of any document to be executed by the Borrower or any Security Party under      Clause 6.1, and those terms may include any covenants, powers and      provisions which the Security Trustee considers appropriate to protect its      interests. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.4 | Obligation to comply with      notice.  The Borrower or any Security Party shall comply      with a notice under Clause 6.1 by the date specified in the      notice. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | FEES      AND EXPENSES |
|---|------------------------|

| 7.1 | Fee.  On the      date of this Agreement the Borrower shall pay to the Agent for the account      of the Lenders, a non-refundable amendment fee of $366,500, which shall be      distributed by the Agent to each of the Lenders pro rata to their      Commitments. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | Expenses.  The      provisions of clause 20 (fees and expenses) of the Loan Agreement shall      apply to this Agreement as if they were expressly incorporated in this      Agreement with any necessarymodifications. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8 | COMMUNICATIONS |
|---|----------------|

| (a) | General.  The      provisions of clause 28 (notices) of the Loan Agreement, as amended and      supplemented by this Agreement, shall apply to this Agreement as if they      were expressly incorporated in this Agreement with any necessary      modifications. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9 | SUPPLEMENTAL |
|---|--------------|

| 9.1 | Counterparts.  This      Agreement may be executed in any number of  counterparts. |
|-----|----------------------------------------------------------------------------------------------|

| 9.2 | Third Party      rights.  A person who is not a party to this Agreement      has no right under the Contracts (Rights of Third Parties) Act 1999 to      enforce or to enjoy the benefit of any term of this    Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10 | LAW      AND JURISDICTION |
|----|---------------------------|

| 10.1 | Governing      law.  This Agreement shall be governed by and construed      in accordance with English law. |
|------|-----------------------------------------------------------------------------------------------------------------------|

| 10.2 | Incorporation of the Loan      Agreement provisions.  The provisions of clause 30 (law      and jurisdiction) of the Loan Agreement, as amended and supplemented by      this Agreement, shall apply to this Agreement as if they were expressly      incorporated in this Agreement with any necessary      modifications. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Lender                                  | Lending      Office                                                                                                      |
|-----------------------------------------|--------------------------------------------------------------------------------------------------------------------------|
|  HSH      Nordbank AG         |  Gerhart-Hauptmann-Platz      5020095      HamburgGermany Fax      No: +49 40 33 33 34118                 |
| Alpha      Bank A.E.                    | Akti      Miaouli 89185      38 PiraeusGreece Fax      No: +30 210 429 0348                                    |
| Deutsche      Schiffsbank AG       | Domshof      17D-28195      Bremen Fax      No: +49 421 3609293                                                |
| National      Bank of Greece S.A.  | Bouboulinas      2 &         Akti Miaouli185      35 Piraeus Fax      No: +30 210 414 4120  |
| Fortis      Bank                   | 166      Syngrou Ave176      71 Athens Fax      No: +30 210 954 4368                                                |

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| SIGNED      byfor      and on behalf ofCAPITAL      PRODUCT PARTNERS L.P. | )))    |
|---------------------------------------------------------------------------|--------|
|                                                                 |   |
| LENDERS                                                                   |   |
|                                                                 |   |
| SIGNED byfor      and on behalf ofHSH      NORDBANK AG                    | )))    |
|                                                                 |   |
| SIGNED byfor      and on behalf ofALPHA      BANK A.E.                    | )))    |
|                                                                 |   |
| SIGNED byfor      and on behalf ofDEUTSCHE      SCHIFFSBANK AG            | )))    |
|                                                                 |   |
| SIGNED byfor      and on behalf ofNATIONAL      BANK OF GREECE S.A.       | )))    |
|                                                                 |   |
| SIGNED byfor      and on behalf ofFORTIS      BANK                        | )))    |
|                                                                 |   |
| SWAP      BANK                                                            |   |
|                                                                 |   |
| SIGNED byfor      and on behalf ofHSH      NORDBANK AG                    | )))    |
|                                                                 |   |
| BOOKRUNNER                                                                |   |
|                                                                 |   |
| SIGNED byfor      and on behalf ofHSH      NORDBANK AG                    | )))    |

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| SIGNED byfor      and on behalf ofHSH      NORDBANK AG | )))    |
|--------------------------------------------------------|--------|
|                                              |   |
| SECURITY      TRUSTEE                                  |   |
|                                              |   |
| SIGNED byfor      and on behalf ofHSH      NORDBANK AG | )))    |
|                                              |   |
| Witness      to all theabove      signatures           | ))     |
|                                              |   |
| Name:Address:                                          |   |

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|                                                           |   |                                                             |
|----------------------------------------------------------------|--------|------------------------------------------------------------------|
|  for      and on behalf ofAPOLLONAS      SHIPPING COMPANY |   |  for      and on behalf ofNAVARRO      INTERNATIONAL S.A.   |
|                                            |   |                                                             |
|  for      and on behalf ofCARNATION      SHIPPING COMPANY |   |  for      and on behalf ofCENTURION      NAVIGATION LIMITED |
|                                            |   |                                                             |
|  for      and on behalf ofIRAKLITOS      SHIPPING COMPANY |   |  for      and on behalf ofPOLARWIND      MARITIME .S.A.     |
|                                            |   |                                                             |
|  for      and on behalf ofSHIPPING      RIDER CO.         |   |  for      and on behalf ofTEMPEST      MARINE INC.          |
|                                            |   |                                                             |
|  for      and on behalf ofROSS      SHIPMANAGEMENT CO.    |   |  for      and on behalf ofLAREDO      MARITIME INC.         |

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|                                                            |   |                                                          |
|-----------------------------------------------------------------|--------|---------------------------------------------------------------|
|  for      and on behalf ofLORENZO      SHIPMANAGEMENT INC. |   |  for      and on behalf ofSPLENDOR      SHIPHOLDING S.A. |
|                                             |   |                                                          |
|  for      and on behalf ofMANGO      FINANCE CORP.         |   |                                                          |
|                                             |   |                                                          |
|  for      and on behalf ofSORREL      SHIPMANAGEMENT INC.  |   |                                                          |