Document:

Financial Services Agreement between Seaspan Corporation and Tiger Ventures

 Exhibit 4.7 

 
  

 
 FINANCIAL SERVICES AGREEMENT

 Dated as of the 14th day of March, 2011 
 among 
 TIGER VENTURES LIMITED 

and 
 SEASPAN
CORPORATION 

  
 1 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE I
 DEFINITIONS AND INTERPRETATION
	  			
		
	 SECTION 1.01 Certain Definitions
	  	 	1	  
	 SECTION 1.02 Construction
	  	 	6	  
	 SECTION 1.03 Headings
	  	 	6	  
		
	 ARTICLE II
 ENGAGEMENT OF MANAGER
	  			
		
	 SECTION 2.01 Engagement
	  	 	7	  
	 SECTION 2.02 Powers and Duties of the Manager
	  	 	7	  
	 SECTION 2.03 Ability to Subcontract
	  	 	7	  
	 SECTION 2.04 Outside Activities
	  	 	7	  
	 SECTION 2.05 Authority of the Parties; Enforceability
	  	 	7	  
	 SECTION 2.06 Manager Representations
	  	 	8	  
		
	 ARTICLE III
 STRATEGIC SERVICES
	  			
		
	 SECTION 3.01 Strategic Services
	  	 	9	  
	 SECTION 3.02 Manager’s Personnel
	  	 	9	  
	 SECTION 3.03 Covenants of the Manager
	  	 	9	  
		
	 ARTICLE IV
 MANAGER’S COMPENSATION
	  			
		
	 SECTION 4.01 Financing Fees
	  	 	10	  
	 SECTION 4.02 Reimbursement for Costs and Expenses
	  	 	11	  
	 SECTION 4.03 Direction to Pay
	  	 	11	  
		
	 ARTICLE V
 LIABILITY OF THE MANAGER; INDEMNIFICATION
	  			
		
	 SECTION 5.01 Liability of the Manager
	  	 	12	  
	 SECTION 5.02 Limitation on Liability
	  	 	12	  
	 SECTION 5.03 Manager Indemnification
	  	 	12	  
	 SECTION 5.04 Company Indemnification
	  	 	12	  
		
	 ARTICLE VI
 TERM AND TERMINATION
	  			
		
	 SECTION 6.01 Term
	  	 	13	  
	 SECTION 6.02 Termination
	  	 	13	  

  
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	 SECTION 6.03 Effects of Termination or Expiry of this Agreement
	  	 	13	  
	 SECTION 6.04 Effects of Transfer
	  	 	13	  
		
	 ARTICLE VII
 GENERAL
	  			
		
	 SECTION 7.01 Assignment
	  	 	14	  
	 SECTION 7.02 Force Majeure
	  	 	14	  
	 SECTION 7.03 Confidentiality
	  	 	14	  
	 SECTION 7.04 Notices
	  	 	15	  
	 SECTION 7.05 Third Party Rights
	  	 	16	  
	 SECTION 7.06 No Partnership
	  	 	16	  
	 SECTION 7.07 Severability
	  	 	16	  
	 SECTION 7.08 Governing Law and Jurisdiction
	  	 	16	  
	 SECTION 7.09 Binding Effect
	  	 	17	  
	 SECTION 7.10 Amendment
	  	 	17	  
	 SECTION 7.11 Entire Agreement
	  	 	17	  
	 SECTION 7.12 Waiver
	  	 	17	  
	 SECTION 7.13 Counterparts
	  	 	18	  
	 SECTION 7.14 Resignation
	  	 	18	  

  
 ii 

 FINANCIAL SERVICES AGREEMENT 

THIS FINANCIAL SERVICES AGREEMENT (this “Agreement”) is dated as of the 14th day of March, 2011 but shall have
retroactive effect as of January 1, 2011 (the “Effective Date”) among: 
 Tiger Ventures Limited, a
limited liability company formed under the laws of the Cayman Islands (the “Manager”), having its registered office at 1401-05 Jardine House, 1 Connaught Place, Hong Kong; and 

Seaspan Corporation, a corporation formed under the laws of the Marshall Islands (the “Company”), having its registered
office at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405, Majuro, Marshall Islands, MH96960. 

RECITALS: 

The Company wishes to engage the Manager to provide the services specified herein, in consideration of which the Manager or its
Designated Affiliate (as defined below) will receive certain fees, in each case, on the terms and conditions set forth herein. 

AGREEMENT: 
 NOW, THEREFORE, in consideration of the mutual covenants and premises of the Parties (as defined below) herein contained and for other good and valuable consideration (the receipt and sufficiency of which
is hereby acknowledged by each Party), the Parties agree as follows: 
 ARTICLE I 

DEFINITIONS AND INTERPRETATION 
 SECTION 1.01 Certain Definitions. In this Agreement, unless the context requires otherwise, the following terms shall have the respective meanings set forth below: 

“Affiliate” means, with respect to any Person, any other Person that directly or indirectly, through one or more
intermediaries, is Controlled by, Controls or is under common Control with the Person in question. 
 “Aggregate
Principal Amount” means (i) in the case of any debt financing, the aggregate principal amount of the debt incurred by the Company in connection with such financing that is or would be required to be reflected on the balance sheet(s) of
the Company prepared in accordance with the applicable accounting standards of the Company or, in the event of any disagreement with respect to such amount, as mutually agreed by the Parties in good faith and (ii) in the case of any lease, the
amount mutually agreed by the Parties in good faith. 
 “Agreement” has the meaning ascribed to such term in
the introductory paragraph. 

  
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 “Applicable Law” means, with respect to any Person, all statutes, laws,
rules, orders, regulations, ordinances, judgments, decrees and injunctions affecting such Person, such Person’s assets or the securities of such Person, whether now or hereafter enacted and in force. 

“Board” means the Board of Directors of the Company or an applicable committee thereof. 

“Breaching Party” has the meaning ascribed to such term in Section 6.02 (b). 

“Business” means the business of owning and/or chartering (in or out) or re-chartering Container Vessels and any other
lawful act or activity customarily conducted in conjunction therewith. 
 “Business Day” means a day other than
a Saturday, Sunday or other day on which banks in the Marshall Islands, the Cayman Islands, Hong Kong or Vancouver, British Columbia are required or authorized by Applicable Law to close. 

“Change of Control” means: 
  

	 	(a)	the sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or
substantially all of the Company’s assets; 

  

	 	(b)	an order made for, or the adoption by the Board of a plan of, liquidation or dissolution of the Company; 

 

	 	(c)	the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as such term is
used in Section 13(d)(3) of the U.S. Securities Exchange Act of 1934, as amended) becomes the beneficial owner, directly or indirectly, of more than a majority of the Company’s voting securities, measured by voting power rather than number
of shares; 

  

	 	(d)	if, at any time, the Company becomes insolvent, admits in writing its inability to pay its debts as they become due, commits an act of bankruptcy, is adjudged bankrupt
or declares bankruptcy or makes an assignment for the benefit of creditors, or makes a proposal or similar action under the bankruptcy, insolvency or other similar laws of the Marshall Islands or any applicable jurisdiction or commences or consents
to proceedings relating to it under any reorganization, arrangement, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction; 

  

	 	(e)	a change in directors after which a majority of the members of the Board are not Continuing Directors; or 

 

	 	(f)	 the consolidation of the Company with, or the merger of the Company with or into, any “person”, or the consolidation of any
“person” with, or the merger of any “person” with or into, the Company, in any such event pursuant to a 

  
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transaction in which any of the outstanding common shares of the Company are converted into or exchanged for cash, securities or other property or receive a payment of cash, securities or other
property, other than any such transaction where the Company’s voting stock outstanding immediately prior to such transaction is converted into or exchanged for voting stock of the surviving or transferee “person” constituting a
majority of the outstanding shares of such voting stock of such surviving or transferee “person” immediately after giving effect to such issuance. 

 “Common Stock” means the Class A common shares of the Company, par value $0.01 per share. 
 “Company” has the meaning ascribed to such term in the introductory paragraph. 
 “Company Indemnified Persons” has the meaning ascribed to such term in Section 5.04. 
 “Container Vessel” means an ocean-going vessel specifically constructed to transport containerized cargo. 
 “Continuing Directors” means, as of any date of determination, any member of the Board who either (i) was a member as of the Effective Date or (ii) was nominated for election or
appointment to the Board with the approval of the majority of the members of the Board who either were members of the Board as of the Effective Date or whose nomination or election was previously so approved. 

“Control” means, with respect to any Person, the right to elect or appoint, directly or indirectly, a majority of the
directors of such Person or the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of Voting Securities, by contract or otherwise. “Controlled”
and “Controlling” will have correlative meanings. 
 “Designated Affiliate” has the meaning
ascribed to such term in Section 4.03. 
 “Dispose” (including, as applicable, the term
“Disposition”) means to (i) offer, agree or offer to sell, sell, grant an option for the purchase or sale of, transfer, assign, distribute or otherwise dispose of, or (ii) establish any “put equivalent position”
or liquidate or decrease any “call equivalent position”, or otherwise enter into any swap, derivative or other transaction or arrangement that transfers to another, in whole or in part, any economic consequence of ownership, regardless of
whether such transaction is to be settled by delivery of securities, cash or other consideration. 
 “Effective
Date” has the meaning ascribed to such term in the introductory paragraph. 
 “Financing Fee Shares”
has the meaning ascribed to such term in Section 4.01 (c). 
 “Financing Fees” has the meaning ascribed to
such term in Section 4.01 (a). 

  
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 “Force Majeure Event” has the meaning ascribed to such term in
Section 7.02. 
 “GC Entities” means, collectively, Greater China Industrial Investments LLC and GC
Intermodal. 
 “GC Intermodal” means Greater China Intermodal Investments LLC. 

“Governmental Authority” means any domestic or foreign government, including any federal, provincial, state, territorial
or municipal government, any multinational or supranational organization, any government agency, including, without limitation, any tribunal, labor relations board, commission or stock exchange, and any other authority or organization exercising
executive, legislative, judicial, regulatory or administrative functions of, or pertaining to, government. 
 “Greater
China” means the People’s Republic of China, Taiwan and the Special Administrative Regions of Hong Kong and Macau. 
 “Greater China Bank” means a bank or financial institution that is headquartered or has its principal place of business in Greater China. 

“Greater China Investments” means (i) the GC Entities, (ii) each direct or indirect Subsidiary of the GC
Entities, (iii) any other Person in which the GC Entities have made a direct or indirect Investment and (iv) the successor entities of (i), (ii) and (iii). 
 “Immediate Family” includes, with respect to a specified Person, his or her spouse, children, stepchildren, and anyone (other than a tenant or domestic employee) who shares the
Person’s home. 
 “Investment” means any equity or debt investment made or committed to be made by the GC
Entities or any of their Subsidiaries, except that payment of any general, administrative or other operating or formation expense of the GC Entities or any of their Subsidiaries (including through any investment in any such entity, to the extent so
designated by the Transaction Committee) will not constitute an Investment. 
 “Legal Action” means any action,
claim, complaint, demand, suit, judgment, litigation, arbitration, mediation, investigation or other judicial, arbitral or administrative proceedings, pending or threatened, by any Person or by or before any Governmental Authority. 

“Lock-Up Period” has the meaning ascribed to such term in Section 4.01 (e). 

“Losses” means all losses, damages, claims, costs and expenses, interest, awards, judgments and penalties (including
reasonable attorneys’ fees and expenses) actually suffered or incurred. 
 “Manager” has the meaning
ascribed to such term in the introductory paragraph. 
 “Manager Group” has the meaning ascribed to such term
in Section 5.01. 

  
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 “Manager Indemnified Persons” has the meaning ascribed to such term in
Section 5.03. 
 “Manager Misconduct” has the meaning ascribed to such term in Section 5.01.

 “Manager’s Personnel” means Graham Porter and all other individuals that are employed by or have
entered into consulting arrangements with the Manager. 
 “Non-Breaching Party” has the meaning ascribed to
such term in Section 6.02 (b). 
 “Non-Greater China Bank” means any bank or financial institution other
than a Greater China Bank. 
 “Omnibus Agreement” means the Omnibus Agreement dated as of August 8, 2005,
among Seaspan Corporation, Seaspan Management Services Limited, Seaspan Ship Management Ltd., Seaspan Advisory Services Limited, Norsk Pacific Steamship Company Limited, and Seaspan International Ltd., as amended by the Amendment to Omnibus
Agreement dated as of the date of this Agreement. 
 “Parties” means the Manager and the Company, and
“Party” means either of them. 
 “Payment Date” has the meaning ascribed to such term in
Section 4.01 (b). 
 “Person(s)” means an individual, corporation, limited liability company, partnership,
limited partnership, joint venture, trust or trustee, unincorporated organization, association, government, government agency or political subdivision thereof, or other entity. 

“Representative” means any third party intermediary of any Party, including any sales or commission agent or
representative, broker, finder, consultant, distributor, reseller, contractor, subcontractor, or other intermediary or third party acting or that may reasonably be expected to act on the Party’s behalf. 

“Right of First Refusal Agreement” means that certain Right of First Refusal Agreement, dated as of the date hereof, by
and among the Company, GC Intermodal and Blue Water Commerce, LLC, a limited liability company formed under the laws of Montana. 
 “ROFR Period” means the period beginning as of the date of this Agreement and ending on the earlier of (a) March 31, 2015, (b) the date on which GC Intermodal is dissolved
or liquidated and (c) the date on which the Right of First Refusal Agreement is terminated pursuant to Section 5 thereof. 
 “SC Trading Average” means, as of a given date, the volume-weighted, average trading price of Common Stock for the 20 trading days immediately preceding such date. 

“Strategic Services” has the meaning ascribed to such term in Section 3.01. 

“Subsidiary” means, with respect to any Person, any other Person more than fifty (50%) percent of the voting power
of which is held, directly or indirectly, by such first Person 

  
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and/or any of such first Person’s Subsidiaries, or over which such Person either directly or indirectly exercises Control (including (i) any limited partnership of which such first
Person, directly or indirectly, is the general partner or otherwise has the power to direct or cause the direction of the management and policies thereof and (ii) any limited liability company of which such first Person, directly or indirectly,
is the managing member or otherwise has the power to direct or cause the direction of the management and policies thereof). 

“Term” has the meaning ascribed to such term in Section 6.01. 

“Transaction Committee” means, as applicable, the Transaction Committee of the Board of Managers of Greater China
Industrial Investments LLC or GC Intermodal. 
 “Transfer” means any direct or indirect transfer, conveyance,
assignment, pledge, mortgage, charge, hypothecation or other disposition. 
 “Vessel Assets” means the Vessels
and any assets that are customarily owned or operated in conjunction with the Vessels, in each case. 

“Vessels” means the Container Vessels owned or leased by the Company or any of its controlled Affiliates from time to
time and “Vessel” means any one of them. 
 “Voting Securities” means securities, of any class
or series, of a Person entitling the holders thereof to vote in the election of members of the board of directors or other governing body of such Person. 
 SECTION 1.02 Construction. In this Agreement, unless the context requires otherwise: 
 (a) references to laws and regulations refer to such laws and regulations as they may be amended from time to time, and references to particular provisions of a law or regulation include any corresponding
provisions of any succeeding law or regulation; 
 (b) references to money refer to legal currency of the United States of
America and “$” means U.S. dollars; 
 (c) the word “including” will mean “including, without
limitation”, and the word “or” will be disjunctive but not exclusive; 
 (d) words importing the singular include
the plural and vice versa, and words importing gender include all genders; and 
 (e) a reference to an “approval”,
“acceptance”, “authorization”, “consent”, “notice” or “agreement” means an approval, acceptance, authorization, consent, notice or agreement, as the case may be, in writing. 

SECTION 1.03 Headings. All article or section headings in this Agreement are for convenience only and shall not be deemed to
control or affect the meaning or construction of any of the provisions hereof. 

  
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 ARTICLE II 
 ENGAGEMENT OF MANAGER 
 SECTION 2.01 Engagement. The Company
hereby engages the Manager to provide the services specified herein on a non-exclusive basis and the Manager hereby accepts such engagement, all in accordance with the terms of this Agreement. The Company and the Manager each acknowledge that to the
extent set out in this Agreement, the Manager is acting solely on behalf of, as agent of and for the account of, the Company. The Manager may advise Persons with whom it deals on behalf of the Company that it is conducting such business for and on
behalf of the Company. 
 SECTION 2.02 Powers and Duties of the Manager. The Manager has the power and authority to
take such actions on its own behalf or on behalf of the Company as it from time to time considers necessary or appropriate to enable it to perform its obligations under this Agreement, subject to the customary oversight and supervision of the
Company. The Manager shall, subject to Section 2.04, use its reasonable best efforts to perform the Strategic Services to be provided hereunder in accordance with customary practice. Notwithstanding the foregoing, the Manager shall not enter
into any contract, arrangement or understanding with respect to the Strategic Services without the prior approval of the Board, and the Company shall be under no obligation to accept any opportunity presented to the Company by the Manager or
otherwise. 
 SECTION 2.03 Ability to Subcontract. The Manager may subcontract any of its duties and obligations
hereunder to any of its Affiliates without the consent of the Company and may subcontract certain of its duties and obligations to Persons that are not Affiliates with the prior written consent of the Company, which consent shall not be unreasonably
withheld or delayed. In the event of any subcontract by the Manager, the Manager shall promptly notify the Company thereof and shall remain fully liable for the due performance of its obligations under this Agreement. 

SECTION 2.04 Outside Activities. The Company acknowledges that the Manager and its Affiliates may have business interests and
engage in business activities in addition to those relating to the Company, for its own account and for the accounts of others. Subject to the provisions of the Omnibus Agreement, the Manager and its Affiliates may undertake activities that may
compete with the Company. The Company acknowledges that the Manager and its Affiliates may invest and own or hold equity interests in Greater China Investments, and that such interests may be significant. The Company also acknowledges that
(a) GC Intermodal and its Subsidiaries plan to engage in activities competitive with the activities of the Company and its Subsidiaries, including the Business and the investment in, and ownership and operation of, Container Vessels and
(b) Tiger Management Limited and certain of its Subsidiaries intend to provide certain services to Greater China Investments in connection with the activities of Greater China Investments. Such activities shall not constitute a breach of this
Agreement. The Company agrees that the Manager shall have no obligation to disclose to the Company or its Affiliates any confidential information of Greater China Investments or of Tiger Management Limited and its Subsidiaries. 

SECTION 2.05 Authority of the Parties; Enforceability. Each Party represents to each of the other Parties that it is duly
authorized with full power and authority to execute, 

  
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deliver and perform this Agreement and that the execution, delivery and performance of this Agreement do not and will not violate or conflict with any provision of the organizational documents of
such Party. The Company represents that the engagement of the Manager has been duly authorized by the Company and is in accordance with all governing documents of the Company. This Agreement has been duly executed and delivered by such Party, or an
authorized Representative of such Party, and constitutes a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with the terms hereof. 

SECTION 2.06 Manager Representations. The Manager hereby represents and warrants to the Company as of the date hereof as
follows: 
 (a) The Manager is duly organized and validly existing in the jurisdiction of its formation, organization or
incorporation, as applicable. The Manager has the requisite authority to enter into this Agreement and to perform its obligations hereunder. 
 (b) The execution, delivery and performance of this Agreement by the Manager have been duly and validly authorized by all necessary action of the Manager. This Agreement has been duly executed and
delivered by the Manager, or an authorized Representative of the Manager, and constitutes a legal, valid and binding obligation of the Manager, enforceable against the Manager in accordance with the terms hereof. 

(c) No material consent, waiver, approval or authorization of, or filing, registration or qualification with, or notice to, any
Governmental Authority or any other Person is required to be made, obtained or given by the Manager in connection with the execution, delivery and performance of this Agreement by the Manager. The execution and delivery of this Agreement by the
Manager do not, and the performance by the Manager of its obligations under this Agreement will not, (a) conflict with, in any material respect, any other contract, agreement or arrangement to which the Manager is a party or by which it is or
its assets are bound or (b) violate in any material respect any provision of, or result in a material breach of, any Applicable Law or the organizational documents of the Manager. 

(d) Neither the Manager nor any of its Affiliates is a party to any Legal Action nor is the Manager aware of any threatened Legal Action
involving the Manager or its Affiliates, that would reasonably be expected to interfere with the Manager’s ability to fulfill its obligations under this Agreement. 
 (e) The Manager is not insolvent, has not filed or had filed against it a petition in bankruptcy, has not made an assignment for the benefit of its creditors or otherwise had a receiver or trustee
appointed with respect to its properties or affairs and has not incurred any obligations or liabilities, contingent or otherwise, which would cause it to become insolvent. 
 (e) Graham Porter directly or beneficially owns 100% of the equity interests and voting securities or other voting interests of the Manager. 

  
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 ARTICLE III 
 STRATEGIC SERVICES 
 SECTION 3.01 Strategic Services. The
Manager shall provide the following services (collectively, the “Strategic Services”) to the Company: 
 (a)
arranging, negotiating and procuring pre-delivery and post-delivery financing or refinancing for the construction of Vessels and financing or refinancing for the acquisition of used Vessels (it being understood and agreed that the Manager shall not
be responsible for the execution of such financing or refinancing which shall be a responsibility of Management); and 
 (b)
such other strategic, financial, business development and advisory services as may reasonably be requested by the Company and agreed to by the Manager from time to time. 
 SECTION 3.02 Manager’s Personnel. The Manager shall provide the Strategic Services hereunder through the Manager’s Personnel, unless otherwise agreed by the Company. The Manager
shall be responsible for all aspects of the employment or other relationship of such Manager’s Personnel as required in order for the Manager to perform its obligations hereunder, including recruitment, training, compensation and benefits,
supervision, discipline and discharge, and other terms and conditions of employment or contract. However, the Manager shall remain directly responsible and liable to the Company to carry out all of its obligations under this Agreement, whether
performed directly or subcontracted to any other Person. 
 SECTION 3.03 Covenants of the Manager. The Manager
hereby agrees and covenants with the Company that, for so long as this Agreement is effective, the Manager shall in all material respects: 
 (a) obtain professional indemnity insurance and other insurance and maintain such coverage as is reasonable having regard to the nature and extent of the Manager’s obligations under this Agreement;

 (b) exercise all due care, skill and diligence in carrying out its duties under this Agreement as required by Applicable Law;

 (c) provide the Company with all information in relation to the performance of the Manager’s obligations under this
Agreement as the Company may reasonably request; 
 (d) ensure that all material property of the Company is clearly identified
as such, held separately from property of the Manager and, where applicable, in safe custody; and 
 (e) ensure that all
property of the Company (other than money to be deposited to any bank account of the Company) is transferred to or otherwise held in the name of the Company or any nominee or custodian appointed by the Company. 

  
 9 

 ARTICLE IV 
 MANAGER’S COMPENSATION 
 SECTION 4.01 Financing Fees. In
consideration for the performance of the Strategic Services, the Company shall pay to the Manager, or its Designated Affiliate as provided for in Section 4.03, the Financing Fees as set out below. Notwithstanding anything to the contrary, in no
event shall any Financing Fees be payable under this Agreement to the Manager or any of its Affiliates for services rendered in connection with any refinancings of two 13,100 TEU newbuilding vessels chartered to COSCO Container Lines Co., Ltd. and
for which the Company has previously engaged an Affiliate of the Manager to provide services. 
 (a) In the event that the
Company (or one of its controlled Affiliates) consummates a debt financing or enters into a capital or operating lease (with the Company or its controlled Affiliate being the lessee) with respect to any Vessel, a fee (a “Financing
Fee”) equal to (i) in the case of any debt financing or lease provided or arranged by a Greater China Bank, eight tenths of one percent (0.80%) of the Aggregate Principal Amount of such debt financing, and (ii) in the case of any
debt financing or lease provided or arranged by a Non-Greater China Bank, four tenths of one percent (0.40%) of the Aggregate Principal Amount of such debt financing. 
 (b) Any Financing Fee payable in connection with any debt financing or lease transaction will be paid on the date on which (i) the final closing of such debt financing occurs or (ii) the
execution of a definitive, legally-binding agreement with respect to such lease transaction occurs (the “Payment Date”). The Financing Fees shall be paid pursuant to this Section 4.01 regardless of whether the transaction was
proposed or recommended by the Manager, an Affiliate or a third party. 
 (c) The Financing Fees shall be paid in (i) cash
or (ii) a combination of cash and up to fifty (50%) percent shares of Common Stock (the “Financing Fee Shares”) as determined by the Company in its sole discretion. The number of Financing Fee Shares to be granted shall be
based upon the SC Trading Average as of the applicable Payment Date. The Financing Fee Shares shall be fully vested on the date of grant. 
 (d) Registration Rights. Promptly following the date hereof the Company and the Manager shall enter into a Registration Rights Agreement in substantially the form attached hereto as
Exhibit A. 
 (e) Lock-Up. During the period (the “Lock-Up Period”) from: 

(i) the date hereof until the third anniversary of the date hereof, the Manager shall not (and shall not permit its Affiliates or
permitted assigns to), directly or indirectly, Dispose of more than 50% of the aggregate Financing Fee Shares issued hereunder through the date of any proposed Disposition (such percentage amount to be calculated on a collective basis among the
Manager and its Affiliates and permitted assigns); and 
 (ii) the third anniversary of the date hereof until the fourth
anniversary of the date hereof, the Manager shall not (and shall not permit its Affiliates to), directly or indirectly, Dispose of more than 75% of the aggregate Financing Fee Shares issued hereunder

  
 10 

 
through the date of any proposed Disposition (such percentage amount to be calculated on a collective basis among the Manager, its Affiliates and permitted assigns). 

(f) Permitted Transfers. Notwithstanding the foregoing, during the Lock-Up Period, the Manager and its Affiliates shall be
permitted to Dispose of the Financing Fee Shares as follows: (i) pursuant to (x) a tender offer or exchange offer commenced by the Company or (y) a bona fide third party tender offer or exchange offer which is not induced directly or
indirectly by the Manager or any of the Manager’s Affiliates and which is approved by the Company’s Board or in which the Manager would be disadvantaged, in any material respect, if the Manager failed to tender; (ii) to Graham Porter,
a member of Graham Porter’s Immediate Family or a family trust of Graham Porter’s; or (iii) to an Affiliate of the Manager; provided however, that in the case of a Disposition pursuant to (ii) or (iii) above,
it shall be a condition to such Disposition that the party receiving such Disposition execute an agreement stating that the such party is receiving and holding the Financing Fee Shares subject to the provisions of this Agreement. 

(g) Legends/Stop Orders. The Manager acknowledges and agrees that the Company shall be entitled to place legends on the
certificates representing any of the Financing Fee Shares and/or stop orders with the transfer agent of the Company with respect to any of the Financing Fee Shares. 
 (h) Annual Certifications. On or within five business days of each anniversary of the date hereof (or upon the reasonable request of the Company from time to time), the Manager shall deliver to the
Company a certificate, in form and substance reasonably acceptable to the Company, certifying the number of Financing Fee Shares owned, directly or indirectly, by the Manager, its Affiliates and permitted assigns as of such anniversary date or such
other date, as applicable. 
 SECTION 4.02 Reimbursement for Costs and Expenses. The Company shall reimburse the
Manager for all reasonable out-of-pocket costs and expenses incurred by the Manager and any of the Manager’s Personnel in connection with providing the Strategic Services to the Company. It is understood and agreed that the Manager shall not be
reimbursed for (i) personnel expenses or any other general and administrative overhead expenses, or (ii) for any costs or expenses relating to consultants and subcontractors, all of which shall be for Manager’s account. The Manager
shall invoice the Company on a monthly basis and shall provide a description in reasonable detail of such costs and expenses (and, at the request of the Company, supporting documentation). The Company shall pay such amount within 15 days of receipt
unless the invoice is being disputed in accordance with this Agreement. In the event of a dispute over any invoiced amount, the Company shall pay the undisputed portion of such invoice and provide an explanation of the basis for the dispute. Any
amount not paid when due shall accrue interest at a rate of twelve percent (12%) per annum until paid in full. The Manager shall maintain a record of costs and expenses incurred, including any invoices, receipts and supplementary materials as
are necessary or proper for the settlement of accounts between the Parties. 
 SECTION 4.03 Direction to Pay. By
written notice to the Company, the Manager may direct the Company to pay any cash amounts owing under this Agreement to any 

  
 11 

 
Affiliate of the Manager who is entitled to receive such amounts in exchange for performing services under this Agreement (a “Designated Affiliate”) and the payment of such
amount shall satisfy the Company’s obligation with respect to such amount under this Agreement. 
 ARTICLE V

 LIABILITY OF THE MANAGER; INDEMNIFICATION 
 SECTION 5.01 Liability of the Manager. The Manager and its Affiliates, and each of their respective directors, officers, employees, agents and Representatives (collectively, the
“Manager Group”) shall not be liable whatsoever to the Company for any Losses incurred or suffered by the Company of whatsoever nature, whether direct or indirect, and arising from the Strategic Services unless and only to the
extent that such Losses are determined in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the fraud, gross negligence, recklessness or willful misconduct of any member of the Manager Group
(“Manager Misconduct”). 
 SECTION 5.02 Limitation on Liability. In all cases arising from the
provision of Strategic Services to the Company hereunder, other than cases involving Manager Misconduct, the Manager Group’s aggregate liability for each incident or series of incidents giving rise to a claim or claims shall not exceed the
aggregate Financing Fees paid to the Manager and its Designated Affiliates by the Company and its Affiliates hereunder. 

SECTION 5.03 Manager Indemnification. The Company shall indemnify and hold harmless each member of the Manager Group (the
“Manager Indemnified Persons”) from and against any and all Losses incurred or suffered by the Manager Indemnified Persons by reason of, resulting from, in connection with, or arising in any manner whatsoever out of or in the course
of their performance of Strategic Services under this Agreement to or for the benefit of the Company or a Legal Action brought or threatened against such Manager Indemnified Persons in connection with their performance of Strategic Services under
this Agreement for the benefit of the Company, including, without limitation, all actions, proceedings, claims, demands or liabilities brought under or relating to the environmental laws, regulations or conventions of any jurisdiction, or otherwise
relating to pollution of the environment, and against and in respect of all costs and expenses (including reasonable legal costs and expenses) they may suffer or incur due to defending or settling same; provided, however, that such
indemnity shall exclude any Losses arising out of, resulting from or related to Manager Misconduct. 
 SECTION 5.04
Company Indemnification. The Manager shall indemnify and hold harmless the Company and its directors, officers, employees, members, managers, shareholders, partners, Representatives, advisors, attorneys, accountants, agents, subcontractors
and Affiliates, and their respective successors and assigns (collectively, the “Company Indemnified Persons”) from and against any and all Losses incurred or suffered by such Company Indemnified Persons arising out of, resulting
from or related to Manager Misconduct. 

  
 12 

 ARTICLE VI 
 TERM AND TERMINATION 
 SECTION 6.01 Term. The term of this
Agreement (the “Term”) commences on the Effective Date and ends upon the expiration of the ROFR Period unless this Agreement is terminated earlier pursuant to Section 6.02. 

SECTION 6.02 Termination. Notwithstanding anything in Section 6.01 to the contrary, this Agreement may be terminated
prior to the end of the Term: 
 (a) by the mutual written consent of each of the Company and the Manager; 

(b) by either the Company or the Manager (the “Non-Breaching Party”) if there has been a material breach of or default
under this Agreement by the other Party (the “Breaching Party”) which has not been cured within 30 days following delivery of a written notice from the Non-Breaching Party to the Breaching Party to cure such breach; provided
that if such breach is incapable of cure within 30 days but is capable of cure within 90 days, the right to terminate pursuant to this Section 6.02 (b) shall only arise if the Breaching Party fails to initiate the cure within such 30-day
period and thereafter to diligently prosecute such cure to completion and actually cure such breach within such 90-day period; for the purposes of this Section 6.02 (b), a breach of Section 7.01 by the Manager shall be deemed a material
breach; 
 (c) by the Company if the Manager becomes insolvent, files or has filed against it a petition in bankruptcy, makes an
assignment for the benefit of its creditors or otherwise has a receiver or trustee appointed with respect to its properties or affairs or incurs any obligations or liabilities, contingent or otherwise, which could cause it to become insolvent; and

 (d) by the Manager upon a Change of Control. 
 SECTION 6.03 Effects of Termination or Expiry of this Agreement. Upon termination or expiry of this Agreement, this Agreement will be void and there shall be no liability on the part of any
Party (or their respective officers, directors or employees) except that the following shall survive such termination: (i) the obligation of the Company to pay to the Manager or its Designated Affiliates any then accrued but outstanding
Financing Fees under Article IV, (ii) the obligations of the Company with respect to the Financing Fee Shares pursuant to Article IV and (iii) the terms and conditions set forth in Article V (Liability of the Manager;
Indemnification) and Section 7.03 (Confidentiality), Section 7.04 (Notices), Section 7.05 (Third Party Rights), Section 7.07 (Severability), Section 7.08 (Governing Law and Jurisdiction), Section 7.10 (Amendment),
Section 7.12 (Waiver) and Section 7.14 (Resignation). 
 SECTION 6.04 Effects of Transfer. This Agreement
shall, subject to Section 6.02, be binding upon, and inure to the benefit of, any successor of the Company; provided, however, that for the avoidance of doubt, if the Company effects a Transfer of any assets of the Company,
including Vessel Assets, and this Agreement does not continue as to such assets, the Company will pay to the Manager the aggregate amount of any accrued but unpaid Financing Fees attributable to such assets. 

  
 13 

 ARTICLE VII 
 GENERAL 
 SECTION 7.01 Assignment. 

(a) Except as otherwise provided herein, (a) the Company may not assign any of its rights under this Agreement, in whole or in part,
without the prior written consent of the Manager and (b) the Manager may not assign any of its rights under this Agreement, in whole or in part, without the prior written consent of the Company, in each case, which consent may be arbitrarily
withheld. 
 (b) Notwithstanding Section 7.01 (a), (i) the Company may, without the Manager’s consent, assign its
rights and obligations hereunder to any of its controlled Affiliates or, in connection with a Change of Control, to the successor Entity in the Change of Control and (ii) the Manager may, without the Company’s consent but with prompt
notice to the Company, assign its rights and obligations hereunder to any of its Affiliates and any entity which Graham Porter and/or Gerry Wang and their Affiliates, collectively or individually, (A) Control or (B) beneficially own over
fifty percent (50%) of the equity interests in and Voting Securities of. 
 SECTION 7.02 Force Majeure. Neither
of the Parties shall be under any liability for any failure to perform any of their obligations hereunder if any of the following occurs (each a “Force Majeure Event”): 

(a) any event, cause or condition which is beyond the reasonable control of any or all of the Parties and which prevents any or all of
the Parties from performing any of its obligations under this Agreement; 
 (b) acts of God, including fire, explosions,
unusually or unforeseeably bad weather conditions, epidemic, lightening, earthquake, tsunami or washout; 
 (c) acts of public
enemies, including war or civil disturbance, vandalism, sabotage, terrorism, blockade or insurrection; 
 (d) acts of a
governmental entity, including injunction or restraining orders issued by any judicial, administrative or regulatory authority, expropriation or requisition; 
 (e) government rule, regulation or legislation, embargo or national defence requirement; or 
 (f) labor troubles or disputes, strikes or lockouts, including any failure to settle or prevent such event which is in the control of any Party. 
 A Party shall give written notice to the other Party promptly upon the occurrence of a Force Majeure Event. 
 SECTION 7.03 Confidentiality. Each Party agrees that, except with the prior written consent of the other Party, it shall at all times keep confidential and not disclose, furnish or make
accessible to anyone (except to employees, agents and professional advisors in the 

  
 14 

 
ordinary course of business) any confidential or proprietary information, knowledge or data concerning or relating to the other Party and to the business or financial affairs of the other Party
to which such Party has been or shall become privy by reason of this Agreement, except for any (a) disclosure required by judicial or administrative process (including discovery for litigation), (b) information that becomes publicly
available through no fault of such Party or otherwise ceases to be confidential, (c) information required by law or applicable stock exchange rules to be disclosed, or (d) disclosure made to a Person under a binding confidentiality
agreement in favor of the Party whose confidential or proprietary information is being disclosed. 
 SECTION 7.04
Notices. Each notice, consent or request required to be given to a Party pursuant to this Agreement must be given in writing. All notices and other communications provided for or permitted hereunder will be deemed to have been duly given and
received when delivered by overnight courier or hand delivery, or when sent by fax (receipt confirmed), to the address or fax number set forth below: 
 If to the Company, at: 
 Unit 2 – 7th Floor, Bupa Centre 

141 Connaught Road West 
 Hong Kong 
 Fax: (604) 638 2595 

Attention: Corporate Secretary 
 With a copy to: 
 Perkins Coie LLP 

1120 NW Couch Street, 10th Floor 
 Portland, OR 97209-4128 
 Fax: (503) 727-2222 

Attention: David Matheson 
 If to the Manager, at: 
 1401-05 Jardine House 

Hong Kong 

Fax: 852 2160 5199 
 With a copy to: 
 Shearman & Sterling LLP 

599 Lexington Avenue 
 New York, NY 10022 
 Fax: (646) 848-8150 

Attention: John J. Cannon 
 or
to any other address, fax number or individual that the Party designates. Any notice: 

  
 15 

 (a) if validly delivered on a Business Day, shall be deemed to have been given when
delivered or, if delivered on a non-Business Day, shall be deemed to have been given on the next Business Day; 
 (b) if validly
transmitted by fax before 5:00 p.m. (local time at the place of receipt) on a Business Day, shall be deemed to have been given on that Business Day; and 
 (c) if validly transmitted by fax after 5:00 p.m. (local time at the place of receipt) on a Business Day or at any time on any non-Business Day, shall be deemed to have been given on the Business Day
after the date of the transmission. 
 SECTION 7.05 Third Party Rights. The provisions of this Agreement are
enforceable solely by the Parties to this Agreement, and no member, shareholder, partner, director, manager, employee, agent or representative of any Party or any other Person shall have the right, separate and apart from the Parties hereto, to
enforce any provision of this Agreement or to compel any Party to this Agreement to comply with the terms of this Agreement. Notwithstanding the foregoing, any Manager Indemnified Person or Company Indemnified Person may enforce the provisions of
Article V. 
 SECTION 7.06 No Partnership. Nothing in this Agreement is intended to create or shall be construed as
creating a partnership or joint venture, and this Agreement shall not be deemed for any purpose to constitute any Party a partner of any other Party to this Agreement in the conduct of any business or otherwise or as a member of a joint venture or
joint enterprise with any other Party to this Agreement. 
 SECTION 7.07 Severability. Each provision of this
Agreement is several. If any provision of this Agreement is or becomes illegal, invalid or unenforceable in any jurisdiction, the illegality, invalidity or unenforceability of that provision will not affect: 

(a) the legality, validity or enforceability of the remaining provisions of this Agreement; or 

(b) the legality, validity or enforceability of that provision in any other jurisdiction; 

except that if: 
 (c) on the
reasonable construction of this Agreement as a whole, the applicability of the other provision presumes the validity and enforceability of the particular provision, the other provision will be deemed also to be invalid or unenforceable; and

 (d) as a result of the determination by a court of competent jurisdiction that any part of this Agreement is unenforceable or
invalid and, as a result of this Section 7.07, the basic intentions of the Parties in this Agreement are entirely frustrated, the Parties shall use reasonable best efforts to amend, supplement or otherwise vary this Agreement to confirm their
mutual intention in entering into this Agreement. 
 SECTION 7.08 Governing Law and Jurisdiction. 

  
 16 

 (b) Governing Law. This Agreement is governed exclusively by, and is to be enforced,
construed and interpreted exclusively in accordance with, the laws of Hong Kong without giving effect to any conflict or choice of laws provisions thereof. 
 (c) Consent to Jurisdiction; Waiver of Trial by Jury. 
 (i) The Manager
and the Company each irrevocably and unconditionally submits, for itself and its property, to the jurisdiction of the Tribunals and Courts of Hong Kong, in any action or proceeding arising out of or relating to this Agreement or the agreements
delivered in connection herewith or the transactions contemplated hereby or thereby or for recognition or enforcement of any judgment relating thereto, and each of the Parties hereby irrevocably and unconditionally (i) agrees not to commence
any such action or proceeding except in such courts, (ii) agrees that any claim in respect of any such action or proceeding may be heard and determined in Hong Kong, (iii) waives, to the fullest extent it may legally and effectively do so,
any objection which it may now or hereafter have to the laying of venue of any such action or proceeding in Hong Kong, and (iv) waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such
action or proceeding in Hong Kong. The Manager and the Company each agrees that a final judgment in any such action or proceeding will be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided
by law. The Manager and the Company each irrevocably consents to service of process in the manner provided for giving notices in Section 7.04. Nothing in this Agreement will affect the right of the Manager or the Company to serve process in any
other manner permitted by law. 
 (d) TO THE FULLEST EXTENT PERMITTED BY LAW, EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY
WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE PROVISION OF SERVICES CONTEMPLATED HEREBY. 

SECTION 7.09 Binding Effect. This Agreement is binding upon and inures to the benefit of the Parties hereto and their
successors but shall not be assignable except as provided in Section 7.01. 
 SECTION 7.10 Amendment. No amendment,
supplement or restatement of any provision of this Agreement will be binding unless it is in writing and signed by the Manager and the Company. 
 SECTION 7.11 Entire Agreement. This Agreement constitutes the entire agreement among the Parties pertaining to the subject matter hereof and supersedes all prior agreements and understandings
pertaining thereto. 
 SECTION 7.12 Waiver. No failure by any Party to insist upon the strict performance of any
covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute a waiver of any such breach or of any other covenant, duty, agreement or condition. 

  
 17 

 SECTION 7.13 Counterparts. This Agreement may be executed in any number of
counterparts with the same effect as if all signatories had signed the same document. All counterparts will be construed together and constitute the same instrument. This Agreement may be executed and delivered by facsimile or as a .pdf file
attached to electronic mail. 
 SECTION 7.14 Resignation. If at any time following the expiration or termination of
the ROFR Period the Board requests that the Manager tender his resignation as a director of the Company, the Manager shall promptly tender such resignation with immediate effect. 

[Remainder of Page Intentionally Left Blank] 

  
 18 

 IN WITNESS WHEREOF, this Agreement has been duly executed by the Parties hereto as of the
14th day of March, 2011. 
  

					
	 TIGER VENTURES LIMITED

			
		 	By:	 	 /s/ Graham Porter

		 		 	Name: Graham Porter
		 		 	Title: Director
	
	 SEASPAN CORPORATION

			
		 	 By:
	 	 /s/ Sai W. Chu

		 		 	Name: Sai W. Chu
		 		 	Title: Chief Financial Officer

  
 19 

 EXHIBIT A 
 Form of Registration Rights Agreement 

  
 20Amendment to Omnibus Agreement among Seaspan Corporation, Seaspan Management

 Exhibit 4.8 
 AMENDMENT TO 
 OMNIBUS AGREEMENT 

This AMENDMENT TO OMNIBUS AGREEMENT (this “Amendment”) dated as of March 14, 2011, is entered into among SEASPAN
CORPORATION, a Marshall Islands corporation (the “Company”), SEASPAN MANAGEMENT SERVICES LIMITED, a Bermuda corporation, SEASPAN SHIP MANAGEMENT LTD., a British Columbia company, SEASPAN ADVISORY SERVICES LIMITED, a Bermuda company, NORSK
PACIFIC STEAMSHIP COMPANY LIMITED, a Bahamas corporation, and SEASPAN MARINE CORPORATION (formerly known as SEASPAN INTERNATIONAL LTD.), a British Columbia corporation (collectively, the “Parties”). 

RECITALS 

A. The Parties are parties to the Omnibus Agreement dated as of August 8, 2005 (the “Agreement”), pursuant to which the
Parties evidenced their understanding with respect to, among other things, those business opportunities that the Seaspan Entities will not pursue during the term of the Agreement. 

B. The Parties desire to amend the Agreement as set forth herein in accordance with Section 4.9 of the Agreement. 

C. Unless otherwise defined herein, capitalized terms used herein shall have the meanings assigned thereto in the Agreement. 

AGREEMENT 

NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties hereto agree as follows: 
  

	1.	Amendment to Agreement 

The Parties hereby modify and amend the Agreement, by: 
 (a) Adding the following definitions to Section 1.1 of the Agreement: 

“GC Intermodal Entities” means Greater China Intermodal Investments LLC, Greater China Industrial Investments LLC, their
respective existing and future Subsidiaries, and any successors of the foregoing. 
 “Washington Entity” means
Blue Water Commerce, LLC and its existing and future Affiliates. 

  
 -1-

 “Washington ROFR Vessels” has the meaning set forth in the Right of First
Refusal Agreement dated as of the date hereof, by and among Greater China Intermodal Investments LLC, the Company and the Washington Entity. 
 (b) Adding the following sentence following the definition of “Seaspan Entities” set forth in the Agreement: 
 “Notwithstanding any provision hereof to the contrary, none of the GC Intermodal Entities shall be deemed to constitute a Seaspan Entity or an Affiliate of a Seaspan Entity for the purpose of this
Agreement.” 
 (c) Adding the following clause (c) to Section 2.2 of the Agreement: 

“(c) The Company acknowledges and agrees that (i) certain Seaspan Entities and certain officers, directors, employees, direct
and indirect equity owners and Affiliates of certain Seaspan Entities intend to make direct or indirect investments in, and/or provide management and other services to, the GC Intermodal Entities in connection with the investment in, and the
acquisition, disposition, ownership and operation of, maritime vessel assets (including Containership Assets) by the GC Intermodal Entities and (ii) the making of such investments and the provision of such services will confer material direct
and indirect benefits on the Company and its Subsidiaries, including in connection with the investment of the Company in GC Intermodal Investments LLC. Accordingly, the Company hereby agrees that, notwithstanding any provision hereof to the
contrary, no provision of this Agreement (including this Section 2) shall apply to the making of any investment in, or the provision of any services to, any GC Intermodal Entity (including in connection with any investment in any Containership
Assets made by any GC Intermodal Entity) or otherwise prohibit or restrict in any way any Seaspan Entity or any officer, director, employee, direct or indirect equity owner or Affiliate of any Seaspan Entity from (1) making any investment in,
or providing management or other services to, any GC Intermodal Entity (including in connection with any investment in any Containership Assets made by any GC Intermodal Entity) or (2) acting as an employee or consultant to, designating any
director or manager of, or assisting in any other manner, any GC Intermodal Entity, including in connection with the acquisition, ownership, operation, management or financing by the GC Intermodal Entities of one or more Containership Assets or the
conduct or operation by the GC Intermodal Entities of any business related to the acquisition, ownership, operation, management or financing of one or more such Containership Assets, including any Containership Business. For the avoidance of doubt,
in connection 

  
 -2-

 
with any Washington ROFR Vessels, the Company also agrees that, notwithstanding any provision hereof to the contrary, no provision of this Agreement (including this Section 2) shall apply to
the making of any investment in, or the provision of any services to, a Washington Entity (including in connection with any investment in any Containership Assets made by a Washington Entity) or otherwise prohibit or restrict in any way any Seaspan
Entity or any officer, director, employee, direct or indirect equity owner or Affiliate of any Seaspan Entity from (1) making any investment in, or providing management or other services to, a Washington Entity (including in connection with any
investment in any Containership Assets made by a Washington Entity) or (2) acting as an employee or consultant to, designating any director or manager of, or assisting in any other manner, a Washington Entity, including in connection with the
acquisition, ownership, operation, management or financing by any Washington Entity of one or more Containership Assets or the conduct or operation of any business related to the acquisition, ownership, operation, management or financing by any
Washington Entity of one or more such Containership Assets, including any Containership Business.” 
  

	2.	Effect on Agreement 

Except as specifically amended and modified by this Amendment, the terms and provisions of the Agreement remain unchanged and in full
force and effect. All references in the Agreement or otherwise to the Agreement shall hereinafter refer to the Agreement as amended and modified by this Amendment. 
  

	3.	Miscellaneous 

 (a) This
Amendment is governed exclusively by, and is to be enforced, construed and interpreted exclusively in accordance with, the laws of British Columbia, which is deemed to be the proper law of the Amendment. 

(b) The descriptive headings contained in this Amendment are included for convenience of reference only and shall not affect in any way
the meaning or interpretation of this Amendment. 
 (c) This Amendment may be executed in counterparts, all of which together
shall constitute one agreement binding on the parties hereto. 
 [Remainder of this Page Left Blank] 

  
 -3-

 IN WITNESS WHEREOF, this Amendment to Omnibus Agreement has been duly executed by the
Parties hereto as of the date first written above. 
  

			
	SEASPAN CORPORATION
		
	By:	 	 /s/ Sai W. Chu

			
	Name:	 	Sai W. Chu
	Title:	 	Chief Financial Officer

  

			
	SEASPAN MANAGEMENT SERVICES LIMITED
		
	By:	 	 /s/ Kyle R Washington

			
	Name:	 	Kyle R. Washington
	Title:	 	Chairman

  

			
	SEASPAN SHIP MANAGEMENT LTD.
		
	By:	 	 /s/ Kyle R Washington

			
	Name:	 	Kyle R. Washington
	Title:	 	Chairman

  

			
	SEASPAN ADVISORY SERVICES LIMITED
		
	By:	 	 /s/ Kyle R Washington

			
	Name:	 	Kyle R. Washington
	Title:	 	Chairman

  

			
	NORSK PACIFIC STEAMSHIP COMPANY LIMITED
		
	By:	 	 /s/ Paul W. Keiper

			
	Name:	 	Paul W. Keiper
	Title:	 	Corporate Secretary

  

			
	SEASPAN MARINE CORPORATION
		
	By:	 	 /s/ Paul W. Keiper

			
	Name:	 	Paul W. Keiper
	Title:	 	Corporate Secretary

 SIGNATURE PAGE TO

 AMENDMENT TO OMNIBUS AGREEMENT

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