Document:

EX-10.7

 Exhibit 10.7 

Dated 30 July 2014 

ZEUS ONE MARINE LLC 
 as
Borrower 
 and 
 ABN AMRO
BANK N.V. 
 as Lender 

FIRST SUPPLEMENTAL AGREEMENT 

relating to 
 a Loan Agreement dated
10 February 2011 

  
 

 

 Index 
  

							
	Clause	 	 	  	Page	 
	 1
	 	 Interpretation
	  	 	1	  
	 2
	 	 Agreement of the Lender
	  	 	3	  
	 3
	 	 Conditions Precedent
	  	 	3	  
	 4
	 	 Representations and Warranties
	  	 	4	  
	 5
	 	 Amendments to Loan Agreement
	  	 	4	  
	 6
	 	 Further Assurances
	  	 	7	  
	 7
	 	 Expenses
	  	 	8	  
	 8
	 	 Notices
	  	 	8	  
	 9
	 	 Miscellaneous
	  	 	8	  
	 10
	 	 Law and Jurisdiction
	  	 	8	  
	 Execution Page
	  	 	9	  

 THIS AGREEMENT is made on 30 July 2014 

PARTIES 
  

	(1)	ZEUS ONE MARINE LLC, a limited liability company formed in the Republic of the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall
Islands, MH96960 as borrower (the “Borrower”); and 

  

	(2)	ABN AMRO BANK N.V., whose registered address is at Gustav Mahlerlaan 10, 1082 PP Amsterdam, The Netherlands acting through its office at Coolsingel 93, 3012 AE Rotterdam, The Netherlands (the
“Lender”). 

 BACKGROUND 
  

	(A)	By a loan agreement dated 10 February 2011 made between (i) the Borrower and (ii) the Lender (the “Loan Agreement”), the Lender agreed to advance to the Borrower an aggregate amount not
exceeding (originally) US$31,500,000 upon the terms and conditions therein contained of which US$ 22,700,000 is outstanding as at the date hereof. 

  

	(B)	This Agreement sets out the terms and conditions upon which the Lender shall give its consent to the Borrower’s request to continue to make available the loan facility under the Loan Agreement (as defined below)
including, without limitation, each of the Collateral Owners granting their respective Collateral Guarantee and the other relevant Collateral Vessel Security Documents, each in favour of the Lender. 

OPERATIVE PROVISIONS 
  

	1	INTERPRETATION 

  

	1.1	Defined expressions 

 Words and expressions defined in the Loan Agreement shall have the
same meanings when used in this Agreement (including the recitals) unless the context otherwise requires. 
  

	1.2	Definitions 

 In this Agreement, unless the contrary intention appears: 

“Additional Security Documents” means the Collateral Vessel Security Documents and any other agreement or document which may
at any time be executed by any person as security for the payment of all or any part of the Indebtedness and “Additional Security Document” means any one of them. 

“Agreed Form” means, in relation to any document, that document in the form approved in writing by the Lender. 

“Collateral General Assignments” means, in respect of each Collateral Vessel, a second priority deed of assignment of, inter
alia, the Insurances, Earnings, Charters, Initial Charter and Requisition Compensation in respect of the Collateral Vessels in favour of the Lender, in the Agreed Form, and “Collateral General Assignment” means any of them. 

“Collateral Guarantees” means the guarantee and indemnity granted or to be granted by each of the Collateral Owners in favour
of the Lender, in the Agreed Form, and “Collateral Guarantee” means any one of them. 
 “Collateral Manager’s
Undertakings” means, in respect of each Collateral Vessel, a second priority letter of undertaking executed by each Manager in favour of the Lender in the terms required by the Lender agreeing certain matters in relation to the Manager
serving as the 

 
Manager of that Collateral Vessel, subordinating its rights against that Collateral Vessel and the relevant Collateral Owner to the rights of the Lender under any of the Finance Documents and, in
the case of Technomar Shipping Inc. (as technical manager), assigning its right, title and interest in the Insurances, each in favour of the Lender, in the Agreed Form, and “Collateral Manager’s Undertaking” means any one of
them. 
 “Collateral Mortgages” means, in respect of each Collateral Vessel, the second priority statutory mortgage over the
Collateral Vessels together with a deed of covenants collateral thereto, each in favour of the Lender, in the Agreed Form, and “Collateral Mortgage” means any one of them. 

“Collateral Owners” means Platon, Rea, Kronos and Socrates and “Collateral Owner” means any one of them. 

“Collateral Vessels” means the Platon Vessel, the Rea Vessel, the Kronos Vessel and the Socrates Vessel and
“Collateral Vessel” means any one of them. 
 “Collateral Vessel Security Documents” means, together, the
Collateral Guarantees, the Collateral Mortgages, the Collateral General Assignments and the Collateral Manager’s Undertakings and “Collateral Vessel Security Document” means any one of them. 

“Effective Date” means the date on which the Lender confirms to the Borrower in writing substantially in the form set out in
Schedule 1 that all the conditions precedent in Clause 3 have been satisfied, which confirmation the Lender shall be under no obligation to give if an Event of Default or a Default shall have occurred. 

“First Supplemental Agreement” means the supplemental agreement to the Loan Agreement entered or to be entered into by and
between the Lender and the Borrower. 
 “Kronos” means Kronos Marine LLC, a corporation incorporated in the Republic of the
Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall Islands, MH96960. 

“Kronos Vessel” means the 1997-built 5,500 TEU Panamax container carrier vessel having the name “OOCL NETHERLANDS”
with IMO number 9143075 and everything now or in the future belonging to it on board and ashore, currently registered under the flag of Hong Kong in the ownership of Kronos. 

“Platon” means Platon Marine LLC, a corporation incorporated in the Republic of the Marshall Islands whose registered office
is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall Islands, MH96960. 
 “Platon
Loan” means the principal amount for the time being outstanding under the Platon Loan Agreement. 
 “Platon Loan
Agreement” means the loan agreement dated 29 November 2011 (as amended and supplemented, from time to time) and made between (i) Platon, Rea, Kronos and Socrates (as joint and several borrowers), (ii) ABN Amro Bank N.V.
(“ABN”) and others (as lenders), (iii) ABN (as agent) and (iv) ABN (as security agent) in respect of a loan facility of (originally) up to $91,371,000. 

“Platon Vessel” means the 1996-built 5,500 TEU Panamax container carrier vessel having the name “JAPAN” with IMO
number 9102306 and everything now or in the future belonging to it on board and ashore, currently registered under the flag of Hong Kong in the ownership of Platon. 

  
 2 

 “Rea” means Rea Marine LLC, a corporation incorporated in the Republic of the
Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall Islands, MH96960. 

“Rea Vessel” means the 1997-built 5,500 TEU Panamax container carrier vessel having the name “SINGAPORE” with IMO
number 9143063 and everything now or in the future belonging to it on board and ashore, currently registered under the flag of Hong Kong in the ownership of Rea. 

“Security Parties” means the Borrower, the Guarantor, the Pledgor, the Managers, the Collateral Owners and any other person
who may at any time during the Facility Period be liable for, or provide security for, all or part of the Indebtedness, and “Security Party” means any one of them. 

“Socrates” means Socrates Marine LLC, a corporation incorporated in the Republic of the Marshall Islands whose registered
office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall Islands, MH96960. 
 “Socrates
Vessel” means the 1996-built 5,500 TEU Panamax container carrier vessel having the name “OOCL BRITAIN” with IMO number 9102318 and everything now or in the future belonging to it on board and ashore, currently registered under the
flag of Hong Kong in the ownership of Socrates. 
  

	1.3	Application of construction and interpretation provisions of Loan Agreement 

 All words
and expressions defined in the Loan Agreement shall have the same meaning when used in this Agreement unless the context otherwise requires, and clause 1.2 of the Loan Agreement shall apply to the interpretation of this Agreement as if it were set
out in full. 
  

	2	AGREEMENT OF THE LENDER 

  

	2.1	Agreement of the Lender 

 The Lender agrees, subject to and upon the terms and conditions
of this Agreement, to the Borrower’s request as set out in Recital (B) and to the other amendments of the Loan Agreement and the Finance Documents as set out in Clause 5. 

 

	2.2	Borrower’s agreement and confirmation 

 The Borrower agrees and confirms that the
Loan Agreement and the Finance Documents to which it is a party shall remain in full force and effect and the Borrower shall remain liable under the Loan Agreement and the Finance Documents to which it is a party for all obligations and liabilities
assumed by it thereunder despite the amendments to the Loan Agreement in this Agreement, as if all references in any of the Finance Documents to the Loan Agreement (howsoever described) were references to the Loan Agreement as amended and
supplemented by this Agreement. 
  

	2.3	Agreement of Creditor Parties 

 The agreement of the Lender contained in Clause 2.1 shall
have effect on and from the Effective Date. 
  

	3	CONDITIONS PRECEDENT 

 The agreement of the Lender contained in Clause 2.1 of this
Agreement shall be expressly subject to the condition that the Lender shall have received in form and substance 

  
 3 

 
satisfactory to it and its legal advisers the following documents and evidence on or before the Effective Date: 
  

	(a)	copies of the constitutional documents of each of the Collateral Owners together with such other evidence as the Lender may reasonably require that such party is duly formed in its country of formation and remains in
existence with power to enter into, and perform its obligations under this Agreement and the Additional Security Documents to which it is or is to become a party including, without limitation, a certificate of formation and/or good standing (as
applicable) in respect of each Collateral Owner and the Borrower; 

  

	(b)	a certificate of a duly authorised officer of the Borrower and each Collateral Owner certifying that each copy document relating to it specified in sub-Clauses (a) (in respect of the Collateral Owners),
(c) and (d) of this Clause 3 is correct, complete and in full force and effect as at a date not later than the date of this Agreement and setting out the names of the directors, officers and shareholders of such Security Party and the
proportion of shares held by each shareholder; 

  

	(c)	copies of resolutions of the sole member and directors of the Borrower and each Collateral Owner authorising the execution of this Agreement and the Additional Security Documents to which it is a party;

  

	(d)	a notarised and legalised power of attorney of the Borrower and each Collateral Owner under which this Agreement and the Additional Security Documents to which it is a party and any documents required pursuant to such
Agreement and Additional Security Documents are to be executed by that Security Party; 

  

	(e)	a duly executed original of this Agreement and each of the Additional Security Documents duly executed by the parties to it together with all other documents required by any of them; 

 

	(f)	evidence that the process agent referred to in clause 21.5 of the Loan Agreement has accepted its appointment as agent for service of process in relation to any proceedings before the English courts in connection with
this Agreement and the Additional Security Documents; and 

  

	(g)	such documents and evidence as the Lender shall require in relation to the Collateral Owners (if any) based on applicable laws and regulations and the Lender’s own internal guidelines, relating to the Lender’s
knowledge of its customer. 

  

	4	REPRESENTATIONS AND WARRANTIES 

  

	4.1	Repetition of Loan Agreement representations and warranties 

 The Borrower represents and
warrants to the Lender that the representations and warranties in clause 11 of the Loan Agreement, as amended and supplemented by this Agreement and updated with appropriate modifications to refer to this Agreement, remain true and not misleading if
repeated on the date of this Agreement with reference to the circumstances now existing. 
  

	5	AMENDMENTS TO LOAN AGREEMENT 

  

	5.1	Specific amendments to Loan Agreement 

 With effect from the Effective Date the Loan
Agreement shall be, and shall be deemed by this Agreement to be amended as follows: 
  

	(a)	 by inserting in clause 1.1 thereof (in the applicable alphabetical order) the definitions of “Additional Security Documents”, “Agreed
Form”, “Collateral General Assignments”, 

  
 4 

	 	
“Collateral Guarantees”, “Collateral Manager’s Undertakings”, “Collateral Mortgages”, “Collateral Owners”, “Collateral Vessels”,
“Collateral Vessel Security Documents”, “First Supplemental Agreement”, “Kronos”, “Kronos Vessel”, “Platon”, “Platon Loan”, “Platon Loan Agreement”, “Platon Vessel”,
“Rea”, “Rea Vessel”, “Socrates” and “Socrates Vessel” set out in Clause 1.2 of this Agreement; 

  

	(b)	by amending the references to the “Borrower” and the “Vessel” in the definitions of “Charters”, “Charterer”, “Earnings”, “Insurances”, “ISM Company”,
“ISPS Company”, “ISSC”, “Management Agreements”, “Managers”, “Market Value”, “Requisition Compensation”, “SMC”, “SMS” and “Total Loss” in clause 1.1 thereof to
include reference also to the Collateral Owners and their respective Collateral Vessels (as the context may require) and all clauses in the Loan Agreement referring to such definitions to be made applicable to the Collateral Owners and the
Collateral Vessels (as the context may require); 

  

	(c)	by deleting the definition of “Initial Charter” in clause 1.1 thereof and replacing it with the following definition: 

““Initial Charters” means (a) in respect of the Vessel, a time charter or other contract of employment in respect of
the Vessel dated 27 October 2010 entered into between the Borrower and the relevant Initial Charterer for a period of duration of not less than 24 months at a daily rate of hire of $24,700 on the terms and subject to the conditions of which the
Borrower has chartered the Vessel to the relevant Initial Charterer and (b) in respect of each Collateral Vessel, a time charter or other contract of employment dated 2 November 2011 entered into between each Collateral Owner and the
relevant Initial Charterer for an initial period of duration of not less than 36 months at a net daily rate of hire of $28,144 on the terms and subject to the conditions of which each Collateral Owner has chartered its Collateral Vessel to the
relevant Initial Charterer, and ‘Initial Charter’ means any one of them.”; 
  

	(d)	by deleting the definition of “Initial Charterer” in clause 1.1 thereof and replacing it with the following definition: 

““Initial Charterer” means (a) in respect of the Vessel, CMA CGM of Marseille, France and (b) in respect of
each Collateral Vessel, Orient Overseas Container Line Limited of Hong Kong, and ‘Initial Charterer’ means any one of them.”; 
  

	(e)	by amending the definition of “Security Documents” in clause 1.1 thereof to include the Collateral Vessel Security Documents and including reference to each of the Additional Security Documents under
clause 10.1 thereof; 

  

	(f)	by deleting the definition of “Security Parties” in clause 1.1 thereof and replacing it with the following definition: 

““Security Parties” means, together, the Borrower, the Guarantor, the Pledgor, the Managers, the Collateral Owners and
any other person who may at any time during the Facility Period be liable for, or provide security for, all or part of the Indebtedness, and ‘Security Party’ means any one of them.”; 

 

	(g)	by deleting clause 10.13 thereof and replacing it as follows: 

  

	 	(h)	 10.13 Additional security If at any time the aggregate of the Market Value of the Vessel and the Collateral Vessels (less at any
relevant time the amount of the aggregate Market Value of the Collateral Vessels which is needed to satisfy the minimum security cover test in clause 10.13 of the Platon Loan Agreement) and the value of any additional security (such value to be the
face amount of the deposit (in the case of cash), determined conclusively by appropriate advisers appointed by the Lender (in the case of other charged assets), and determined by the Lender in its discretion (in all other cases)) for the time being
provided to the Lender under this 

  
 5 

	 	
Clause 10.13 is less than one hundred and thirty three per cent (133%) of the Loan then outstanding during the Facility Period the Borrower shall, within ten (10) Business Days of the
Lender’s request, at the Borrower’s option: 

  

			
	10.13.1	  	pay to the Lender or to its nominee a cash deposit in the amount of the shortfall to be secured in favour of the Lender as additional security for the payment of the Indebtedness; or
		
	10.13.2	  	give to the Lender other additional security in amount and form acceptable to the Lender in its discretion; or
		
	10.13.3	  	prepay the amount of the Loan which will ensure that the aggregate of the Market Value of the Vessel and the Collateral Vessels (determined as aforesaid) plus the value of any such remaining additional security is at least equal
to or greater than the percentage required under Clause 10.13.

 Clauses 5.3 (Reborrowing), 6.2.3 (Voluntary prepayment of Loan) and 6.4 (Restrictions)
shall apply, mutatis mutandis, to any prepayment made under this Clause 10.13 and the value of any additional security provided shall be determined as stated above.”; 

 

	(i)	by construing clause 8 (Indemnities), 10.11 (General application of moneys), 10.12 (Application of moneys on sale or Total Loss), 12.1.4, 12.4 (Vessel undertakings), 13.1.15 (Loss of Vessel), 13.1.16 (Challenge to
registration), 13.1.17 (War), 13.1.19 (Termination of Initial Charter) and 13.1.20 (Change of management) thereof and references to the “Borrower” or the “Vessel” (and all other relevant definitions as the context may require) in
such clauses to extend also to include reference to the “Collateral Owners” and the “Collateral Vessels” respectively (and all other relevant definitions as the context may require); 

 

	(j)	by construing the procurement obligation of the Borrower in respect of the “Guarantor” in clauses 12.3.6 (Merger), 12.3.13 (No dividends), 12.3.17 (No change in ownership or control) and 12.3.18 (No
cross-default) thereof to extend also to each of the “Collateral Owners” and in respect of clause 12.3.18, the threshold amount in respect of each of the Collateral Owners shall be $1,000,000; 

 

	(k)	by including the words “or of a Collateral Owner” after the words “any Financial Indebtedness of the Borrower” in clause 13.1.4 (Cross default) thereof; 

 

	(l)	by including the words “or of a Collateral Owner” after all references to “or the Guarantor” in clause 13.1.8 (Change in ownership or control of the Borrower or the Guarantor) thereof;

  

	(m)	by including the words “or a Collateral Owner” and “or a Collateral Guarantee” after the words “The Guarantor” and “the Guarantee respectively” in clause 13.1.18 (Notice of
termination) thereof; and 

  

	(n)	by construing references throughout to “this Agreement”, “hereunder” and other like expressions as if the same referred to the Loan Agreement as amended and supplemented by this Agreement.

  

	5.2	Amendments to the Finance Documents 

 With effect on and from the Effective Date, the
Finance Documents shall be, and shall be deemed by this Agreement to be amended as follows: 
  

	(a)	by construing references throughout each of the Finance Documents to “this Agreement” or the Loan Agreement (howsoever defined) to the Loan Agreement as amended and supplemented by this Agreement;

  
 6 

	(b)	by amending the definition of any term defined in any of the Finance Documents, to the extent necessary, to reflect the amendments to the Loan Agreement made in this Agreement. 

 

	5.3	Documents to remain in full force and effect 

 The Loan Agreement and all other Finance
Documents shall remain in full force and effect as amended and supplemented by: 
  

	(a)	the amendments to the Loan Agreement and 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 this Agreement. 

  

	6	FURTHER ASSURANCES 

  

	6.1	Borrower’s obligation to execute further documents etc 

 The Borrower shall and
shall procure that each of the Security Parties shall: 
  

	(a)	execute and deliver to the Lender (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 Lender may, in any particular
case, specify; 

  

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

 which the
Lender may, by notice to such Security Party, 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 Encumbrance or right of any kind which the Lender 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 this Agreement. 

  

	6.3	Terms of further assurances 

 The Lender may specify the terms of any document to be
executed by any Security Party under Clause 6.1, and those terms may include any covenants, powers and provisions which the Lender considers appropriate to protect its interests. 

 

	6.4	Obligation to comply with notice 

 The relevant Security Party shall comply with a notice
under Clause 6.1 by the date specified in the notice. 
  

	6.5	Additional corporate action 

 At the same time as any Security Party delivers to the
Lender any document executed under Clause 6.1(a), that Borrower shall procure that that Security Party shall also deliver to the Lender such evidence as the Lender may require in relation to the due authorisation and execution by that Security Party
of such documentation. 

  
 7 

	7	EXPENSES 

 Indemnities and Fees 

The provisions of clause 8 (Indemnities) and clause 9 (Fees) 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. 
  

	8	NOTICES 

 The provisions of clause 17 (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	MISCELLANEOUS 

  

	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 and any non-contractual obligations arising in connection
with it shall be governed by and construed in accordance with English law. 
  

	10.2	Incorporation of the Loan Agreement provisions 

 The provisions of clause 21 (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. 

This Agreement has been duly executed and delivered as a Deed on the date stated at the beginning of this Agreement. 

  
 8 

 EXECUTION PAGE 

BORROWER 
  

							
	EXECUTED as a DEED	  	)	  		  	
	by ZEUS ONE MARINE LLC	  	)	  		  	
	acting by Filanthi Katsafadou	  	)	  		  	
	its duly authorised attorney-in-fact	  	)	  		  	
	attorney-in-fact in the presence of:	  	)	  	/s/ Filanthi Katsafadou	  	

  

			
	 /s/ Jessica Lever
	 	

 Jessica Lever 
 Watson,
Farley & Williams 
 348 Syngrou Avenue 
 Kallithea 176
74 
 Athens – Greece 
 Trainee Solicitor 

LENDER 
  

							
	EXECUTED as a DEED	  	)	  		  	
	by ABN AMRO BANK N.V.	  	)	  		  	
	acting by Vassiliki Georgopoulos	  	)	  		  	
	its duly authorised attorney in fact	  	)	  		  	
	attorney-in-fact in the presence of:	  	)	  	/s/ Vassiliki Georgopoulos	  	

  

			
	 /s/ Jessica Lever
	 	

 Jessica Lever 
 Watson,
Farley & Williams 
 348 Syngrou Avenue 
 Kallithea 176
74 
 Athens – Greece 
 Trainee Solicitor 

  
 9 

 SCHEDULE 1 

FORM OF EFFECTIVE DATE NOTICE 
  

	To:	Zeus One Marine LLC 

 3-5 Menandrou Street 

14561 Kifisia 
 Athens, Greece

 Fax:+ 30 210 8084224 

[●] 2014 
 Dear Sirs 

We refer to the supplemental and release agreement (the “Supplemental Agreement”) dated [●] April 2014 made between, amongst others,
(i) yourselves as Borrower and (ii) ourselves, as Lender. 
 Words and expressions defined in the Supplemental Agreement shall have the same
meaning when used in this letter. 
 We write to confirm [that the conditions precedent in Clause 3 of the Supplemental Agreement have been fulfilled and]
that [accordingly] the Effective Date is [●] 2014. 
 Yours faithfully 

for and on behalf of 
 ABN AMRO
BANK N.V. 

  
 10 

 COUNTERSIGNED this day 30th of July 2014 for and on
behalf of the below companies each of which, by its execution hereof, confirms and acknowledges that it has read and understood the terms and conditions of this supplemental letter, that it agrees in all respects to the same and that the Security
Documents to which it is a party shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrower under the Loan Agreement. 
  

					
	 /s/ Georgios Giouroukos
	 		 	 /s/ Theodoros Baltatzis

	Georgios Giouroukos	 		 	Theodoros Baltatzis
	Director/Chief Executive officer	 		 	Director/Vice-President/Treasurer
	for and on behalf of	 		 	for and on behalf of
	POSEIDON CONTAINERS HOLDINGS INC.	 		 	TECHNOMAR SHIPPING INC.
			
	 /s/ Dimitrios Tsiaklaganos
	 		 	
	Dimitrios Tsiaklaganos	 		 	
	Sole Director/President	 		 	
	for and on behalf of	 		 	
	CONCHART COMMERCIAL INC.	 		 	

  
 11EX-10.8

 THIS SECOND SUPPLEMENTAL & RELEASE AGREEMENT is made on 15 January 2015 

PARTIES 
  

	(1)	ZEUS ONE MARINE LLC, a limited liability company formed in the Republic of the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall
Islands, MH96960 as borrower (the “Borrower”); and 

  

	(2)	ABN AMRO BANK N.V., whose registered address is at Gustav Mahlerlaan 10, 1082 PP Amsterdam, The Netherlands acting through its office at Coolsingel 93, 3012 AE Rotterdam, The Netherlands (the
“Lender”). 

 BACKGROUND 
  

	(A)	By a loan agreement dated 10 February 2011, as amended and supplemented by a first supplemental agreement dated 30 July 2014 (the “First Supplemental Agreement”) made between (i) the
Borrower and (ii) the Lender (together, the “Loan Agreement”), the Lender agreed to advance to the Borrower an aggregate amount not exceeding (originally) US$31,500,000 upon the terms and conditions therein contained of which
US$ 21,050,000 is outstanding as at the date hereof. 

  

	(B)	Pursuant to the First Supplemental Agreement, the Lender agreed to continue to make the Loan available under the Loan Agreement subject to, amongst other things, the Borrower procuring that each Collateral Owner grant
its respective Collateral Vessel Security Documents in favour of the Lender. 

  

	(C)	The Collateral Owners wish to delete their respective Collateral Vessels from the flag of Hong Kong and register each such Collateral Vessel under the laws and flag of an Approved Flag State. 

 

	(D)	The Borrower has requested that the Lender agree to:- 

  

	 	(i)	The discharge of the Original Collateral Mortgages and the release of the Original Collateral Deed of Covenants and Original General Assignment and the reassignment of all rights and interests in respect of all property
assigned thereunder in respect of each Collateral Vessel on the relevant Reflagging Date; 

  

	 	(ii)	the deletion of the Collateral Vessels from the flag of Hong Kong and the registration of the Collateral Vessels under the laws and flag of an Approved Flag State on the relevant Reflagging Date; and 

 

	 	(iii)	the execution and (where relevant) registration of the New Collateral Mortgages and the New Collateral General Assignment in respect of each Collateral Vessel on the relevant Reflagging Date. 

 

	(E)	This Agreement sets out the terms and conditions upon which the Lender shall give its consent to the Borrower’s request and shall continue to make the Loan available under the Loan Agreement. 

OPERATIVE PROVISIONS 
 INTERPRETATION

 Defined expressions 

Words and expressions defined in the Loan Agreement shall have the same meanings when used in this Agreement (including the recitals) unless
the context otherwise requires. 

 Definitions 

In this Agreement, unless the contrary intention appears: 

“Agreed Form” means, in relation to any document, that document in the form approved in writing by the Lender. 

“Approved Flag State” means, in relation to each Collateral Vessel, the Republic of Liberia or the Republic of the Marshall
Islands or any other jurisdiction acceptable to the Lender in its discretion. 
 “Collateral Owners” means Platon, Rea,
Kronos and Socrates and “Collateral Owner” means any one of them. 
 “Collateral Vessels” means the Platon
Vessel, the Rea Vessel, the Kronos Vessel and the Socrates Vessel and “Collateral Vessel” means any one of them. 

“Effective Dates” means the Kronos Effective Date, the Platon Effective Date, the Rea Effective Date and the Socrates
Effective Date and “Effective Date” means any one of them. 
 “Kronos” means Kronos Marine LLC, a limited
liability company formed in the Republic of the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall Islands, MH96960. 

“Kronos Effective Date” means the date on which the Lender confirms to the Borrower in writing substantially in the form set
out in Schedule 1 that all the conditions precedent in Clause 3.1 and 3.2 (in respect of the Kronos Vessel) have been satisfied, which confirmation the Lender shall be under no obligation to give if an Event of Default or a Default shall have
occurred and shall have remained unremedied. 
 “Kronos Vessel” means the 1997-built 5,500 TEU Panamax container carrier
vessel having the name “OOCL NETHERLANDS” with IMO number 9143075 and everything now or in the future belonging to it on board and ashore, currently registered under the flag of Hong Kong in the ownership of Kronos. 

“New Collateral General Assignments” means the second priority general assignment over, amongst other things, the earnings,
insurances and requisition compensation over each of the Collateral Vessels, each in favour of the Lender, in a form approved in writing by the Lender, and “New Collateral General Assignment” means any one of them. 

“New Collateral Mortgages” means the second preferred mortgage over each of the Collateral Vessels, each to be registered in
accordance with the laws of an Approved Flag State in favour of the Lender, in the Agreed Form, and “New Collateral Mortgage” means any one of them. 

“Original Collateral Deeds of Covenants” means the second priority deeds of covenant collateral respectively to the Original
Collateral Mortgages over each of the Collateral Vessels, each in favour of the Lender, in the form approved in writing by the Lender, and “Original Collateral Deed of Covenants” means any one of them. 

“Original Collateral General Assignments” means the second priority general assignment over, amongst other things, the
earnings, insurances and requisition compensation over each of the Collateral Vessels, each in favour of the Lender, in the form approved in writing by the Lender, and “Original Collateral General Assignment” means any one of them.

 “Original Collateral Mortgages” means the second priority Hong Kong mortgage over each of the Collateral Vessels, each in
favour of the Lender, in the Agreed Form, and “Original Collateral Mortgage” means any one of them. 

  
 2 

 “Platon” means Platon Marine LLC, a limited liability company formed in
the Republic of the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall Islands, MH96960. 

“Platon Effective Date” means the date on which the Lender confirms to the Borrower in writing substantially in the form set
out in Schedule 1 that all the conditions precedent in Clause 3.1 and 3.2 (in respect of the Platon Vessel) have been satisfied, which confirmation the Lender shall be under no obligation to give if an Event of Default or a Default shall have
occurred and shall have remained unremedied. 
 “Platon Loan” means the principal amount for the time being outstanding
under the Platon Loan Agreement. 
 “Platon Loan Agreement” means the loan agreement dated 29 November 2011 (as amended
and supplemented, from time to time) and made between (i) Platon, Rea, Kronos and Socrates (as joint and several borrowers), (ii) ABN Amro Bank N.V. (“ABN”) and others (as lenders), (iii) ABN (as agent) and
(iv) ABN (as security agent) in respect of a loan facility of (originally) up to $91,371,000. 
 “Platon Vessel” means
the 1996-built 5,500 TEU Panamax container carrier vessel having the name “JAPAN” with IMO number 9102306 and everything now or in the future belonging to it on board and ashore, currently registered under the flag of Hong Kong in the
ownership of Platon. 
 “Rea” means Rea Marine LLC, a limited liability company formed in the Republic of the Marshall
Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall Islands, MH96960. 

“Rea Effective Date” means the date on which the Lender confirms to the Borrower in writing substantially in the form set out
in Schedule 1 that all the conditions precedent in Clause 3.1 and 3.2 (in respect of the Rea Vessel) have been satisfied, which confirmation the Lender shall be under no obligation to give if an Event of Default or a Default shall have occurred and
shall have remained unremedied. 
 “Rea Vessel” means the 1997-built 5,500 TEU Panamax container carrier vessel having the
name “SINGAPORE” with IMO number 9143063 and everything now or in the future belonging to it on board and ashore, currently registered under the flag of Hong Kong in the ownership of Rea. 

“Reflagging Date” means, in respect of each Collateral Vessel, the date on which that Collateral Vessel is deleted from the
flag of Hong Kong and is registered under the laws and flag of an Approved Flag State subject to the terms and conditions in this Agreement. 

“Released Finance Documents” means the Original Collateral Mortgages, the Original Collateral Deeds of Covenants and the
Original Collateral General Assignments. 
 “Security Parties” means the Borrower, the Guarantor, the Pledgor, the Managers,
the Collateral Owners and any other person who may at any time during the Facility Period be liable for, or provide security for, all or part of the Indebtedness, and “Security Party” means any one of them. 

“Socrates” means Socrates Marine LLC, a limited liability company formed in the Republic of the Marshall Islands whose
registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall Islands, MH96960. 

  
 3 

 “Socrates Effective Date” means the date on which the Lender confirms to the
Borrower in writing substantially in the form set out in Schedule 1 that all the conditions precedent in Clause 3.1 and 3.2 (in respect of the Socrates Vessel) have been satisfied, which confirmation the Lender shall be under no obligation to give
if an Event of Default or a Default shall have occurred and shall have remained unremedied. 
 “Socrates Vessel” means the
1996-built 5,500 TEU Panamax container carrier vessel having the name “OOCL BRITAIN” with IMO number 9102318 and everything now or in the future belonging to it on board and ashore, currently registered under the flag of Hong Kong in the
ownership of Socrates. 
 Application of construction and interpretation provisions of Loan Agreement 

All words and expressions defined in the Loan Agreement shall have the same meaning when used in this Agreement unless the context otherwise
requires, and clause 1.2 of the Loan Agreement shall apply to the interpretation of this Agreement as if it were set out in full. 

AGREEMENT OF THE LENDER 

Agreement of the Lender 

The Lender agrees, subject to and upon the terms and conditions of this Agreement, to the Borrower’s request as set out in Recital
(D) in respect of each Collateral Vessel on its relevant Reflagging Date, including, without limitation, the release of the Released Finance Documents listed in Appendix A herein (including but not limited to the Original Collateral Mortgage,
the Original Collateral Deed of Covenants and the Original Collateral General Assignment and the reassignment of all rights and interests in respect of all property assigned thereunder in respect of that Collateral Vessel, and to the other
amendments of the Loan Agreement and the Finance Documents as set out in Clause 5. 
 Borrower’s agreement and confirmation 

The Borrower agrees and confirms that the Loan Agreement and the Finance Documents to which it is a party shall remain in full force and effect
and the Borrower shall remain liable under the Loan Agreement and the Finance Documents to which it is a party for all obligations and liabilities assumed by it thereunder despite the amendments to the Loan Agreement in this Agreement, as if all
references in any of the Finance Documents to the Loan Agreement (howsoever described) were references to the Loan Agreement as amended and supplemented by this Agreement. 

Agreement of the Lender 

The agreement of the Lender contained in Clause 2.1 in respect of the specific Collateral Vessel on its relevant Reflagging Date (including,
without limitation, the release of the Original Collateral Mortgage, the Original Collateral Deed of Covenants and the Original Collateral General Assignment and the reassignment of all rights and interests in respect of all property assigned
thereunder in respect of that Collateral Vessel) shall have effect on and from the relevant Effective Date in respect of that Collateral Vessel. 

CONDITIONS PRECEDENT 

General conditions precedent 

As a condition for the agreement of the Lender contained in Clause 2.1 of this Agreement (in respect of the relevant Collateral Vessel) and as
a condition to any Effective Date, the Lender 

  
 4 

 
shall have received in form and substance satisfactory to it and its legal advisers, the following documents and evidence on or before any Effective Date: 

 

	(a)	Officer’s certificate A certificate of a duly authorised officer of the Borrower, the Guarantor and each Collateral Owner certifying that each copy document relating to it specified in sub-Clauses
(b) and (c) of this Clause 3 is correct, complete and in full force and effect as at a date not later than the date of this Agreement and setting out the names of the directors, officers and shareholders/members of such Security Party and
the proportion of shares held by each shareholder/member; 

  

	(b)	Resolutions Copies of resolutions of the sole member and directors of the Borrower, the Guarantor and each Collateral Owner authorising the execution of this Agreement and each respective New Collateral Mortgage
to which it is a party; 

  

	(c)	Power of Attorney A notarised and legalised power of attorney of the Borrower, the Guarantor and each Collateral Owner under which this Agreement and each respective New Collateral Mortgage to which it is a party
and any documents required pursuant to such Agreement and New Collateral Mortgage are to be executed by that Security Party; 

  

	(d)	Certificates of good standing A certificate of good standing in respect of each Security Party; 

  

	(e)	Second Supplemental & Release Agreement A duly executed original of this Agreement duly executed by the parties to it together with all other documents required by it; and 

 

	(f)	Process agent Evidence that the process agent referred to in clause 21.5 of the Loan Agreement has accepted its appointment as agent for service of process in relation to any proceedings before the English courts
in connection with this Agreement. 

 Effective Date conditions precedent 

As a condition for the agreement of the Lender contained in Clause 2.1 of this Agreement (in respect of the relevant Collateral Vessel to be
reflagged) and as a condition to the relevant Effective Date, the Lender shall have received in form and substance satisfactory to it and its legal advisers, the following documents and evidence in respect of the relevant Collateral Vessel on or
before the relevant Effective Date in respect of that Collateral Vessel: 
  

	(a)	Evidence of Collateral Vessel’s title Evidence that on the relevant Effective Date in respect of that Collateral Vessel (i) that such Collateral Vessel will be at least provisionally registered under
the flag of an Approved Flag State in the ownership of the relevant Collateral Owner and (ii) the New Collateral Mortgage will be registered against that Collateral Vessel with second priority and no other Encumbrance (other than a first
preferred mortgage granted in favour of ABN (as security agent) pursuant to the terms and conditions of the Platon Loan Agreement); 

  

	(b)	Confirmation of class A Certificate of Confirmation of Class for hull and machinery confirming that that Collateral Vessel is classed with the highest class applicable to the vessels of her type with Lloyd’s
Register or such other classification society as may be acceptable to the Lender free of overdue recommendations and affecting class; 

  

	(c)	New Collateral Mortgage The New Collateral Mortgage in respect of that Collateral Vessel together with all other documents required by it; 

 

	(d)	Legal opinions A legal opinion of the legal advisers to the Lender in each relevant jurisdiction, substantially in the form or forms provided to the Lender prior to signing this Agreement or confirmation
satisfactory that such opinion will be given; 

  

	(e)	Process agent Evidence that the process agent referred to in clause 21.5 of the Loan Agreement has accepted its appointment as agent for service of process in relation to any proceedings before the English courts
in connection with the relevant New Collateral Mortgage in respect of that Collateral Vessel; and 

  
 5 

	(f)	First priority Mortgage Evidence satisfactory to the Lender that the relevant conditions for the reflagging and registration of a first priority mortgage in respect of that Collateral Vessel in favour of ABN (as
security agent) under the relevant supplemental & release agreement of the Platon Loan Agreement have been satisfied. 

Conditions subsequent 

The Borrower undertakes to deliver or to cause to be delivered to the Lender on, or as soon as practicable after (and, in respect of sub-clause
(e) within 5 Business Days of), the relevant Effective Date, the following additional documents and evidence: 
  

	(a)	Legal opinions Such of the legal opinions specified in Clause 3.1 and 3.2 above as have not already been provided to the Lender; 

 

	(b)	Evidence of ownership Certificates of ownership and encumbrance (or equivalent) issued by the Registrar of Ships (or equivalent official) of the flag of the relevant Approved Flag State of that Collateral Vessel
confirming that (i) that Collateral Vessel is permanently registered under that flag in the ownership of the relevant Collateral Owner, (ii) that the relevant New Collateral Mortgage has been registered with second priority against that
Collateral Vessel and (iii) that there are no further Encumbrances registered against that Collateral Vessel (other than a first preferred mortgage granted in favour of ABN (as security agent) pursuant to the terms and conditions of the Platon
Loan Agreement); 

  

	(c)	Deletion from Hong Kong registry Evidence that the relevant Collateral Vessel has been deleted from the flag of Hong Kong; 

  

	(d)	Notices Notices to the insurers and any Charterer notifying them of the change of flag and registration of the New Collateral Mortgage and the New Collateral General Assignment in respect of the relevant
Collateral Vessel; and 

  

	(e)	Collateral Vessel documents Photocopies, certified as true, accurate and complete by a director or member of the secretary or the legal advisers of the Borrower, of: 

 

	 	(i)	that Collateral Vessel’s Safety Construction, Safety Equipment, Safety Radio, Oil Pollution Prevention and Load Line Certificates; 

 

	 	(ii)	evidence of that Collateral Vessel’s current Certificate of Financial Responsibility issued pursuant to the United States Oil Pollution Act 1990; 

 

	 	(iii)	that Collateral Vessel’s current SMC; 

  

	 	(iv)	the ISM Company’s current DOC; 

  

	 	(v)	that Collateral Vessel’s current ISSC; 

  

	 	(vi)	that Collateral Vessel’s current IAPPC; 

  

	 	(vii)	that Collateral Vessel’s current Tonnage Certificate, 

 in each case together with all
addenda, amendments or supplements. 
 REPRESENTATIONS AND WARRANTIES 

Repetition of Loan Agreement representations and warranties 

The Borrower represents and warrants to the Lender that the representations and warranties in clause 11 of the Loan Agreement, as further
amended and supplemented by this Agreement and updated with appropriate modifications to refer to this Agreement, remain true and not misleading if repeated on the date of this Agreement with reference to the circumstances now existing. 

  
 6 

 AMENDMENTS TO LOAN AGREEMENT 

Specific amendments to Loan Agreement 
  

	(a)	With effect from any Effective Date, the Loan Agreement shall be, and shall be deemed by this Agreement to be amended as follows: 

  

	 	(i)	by adding the definition of “Approved Flag State” contained in Clause 1.2 of this Agreement to clause 1.1 of the Loan Agreement; 

 

	 	(ii)	by adding the following definition of “Collateral Loan Agreements” to clause 1.1 of the Loan Agreement: 

“‘Collateral Loan Agreement’ means the loan agreement dated 17 December 2014 and made between (i) Tasman
Marine LLC, Hudson Marine LLC, Drake Marine LLC, Mercator Marine LLC and Barentsz Marine LLC, as joint and several borrowers, (ii) the banks and financial institutions listed therein as lenders and (iii) ABN Amro Bank N.V. as lender,
arranger, swap bank and security trustee, in respect of a loan facility of up to $62,500,000 secured on (inter alia) m.vs. “NEDLLOYD TASMAN” (tbr “TASMAN”), “NEDLLOYD HUDSON” (tbr “HUDSON”), “NEDLLOYD
MERCATOR” (tbr “MERCATOR I”), “NEDLLOYD BARENTSZ” (tbr “BARENTSZ”) and “NEDLLOYD DRAKE” (tbr “DRAKE”) (as amended, supplemented and/or novated from time to time);”; 

 

	 	(iii)	by adding an additional sub-clause in Clause 12.3 which shall be read and construed as follows: 

  

	 	“12.3.20	The Borrower undertakes, promptly following the written request of the Lender, to execute and deliver to the Lender a third priority or, as the case may be, preferred, mortgage (and if required by the relevant Approved
Flag State, a deed of covenant collateral thereto), a collateral third priority general assignment over and in respect of the Vessel and any other security documents required by the Lender in respect of the Vessel, each in form and substance
acceptable to the Lender, and to cause such mortgage to be permanently registered in accordance with the laws of the relevant Approved Flag State as security for the obligations of the borrowers under the Collateral Loan Agreement, or, if required
by the Lender, to secure a guarantee given or to be given by the Borrower of the obligations of the borrowers of the Collateral Loan Agreement, together with such other documents equivalent to those referred to at paragraphs (a), (b), (c),
(e) and (h) of Schedule 2, Part I as the Lender may require.”; and 

  

	 	(iv)	by construing references throughout to “this Agreement”, “hereunder” and other like expressions as if the same referred to the Loan Agreement as amended and supplemented by this Agreement.

  

	(b)	With effect from the relevant Effective Date in respect of a Collateral Vessel, the Loan Agreement shall be, and shall be deemed by this Agreement to be amended as follows: 

 

	 	(i)	where applicable to that Collateral Vessel, all references to “Collateral Mortgage” in the Loan Agreement shall be read and construed as the “New Collateral Mortgage” in respect of that Collateral
Vessel; 

  
 7 

	 	(ii)	where applicable to that Collateral Vessel, all references to “Collateral General Assignment” in the Loan Agreement shall be read and construed as the “New Collateral General Assignment” in respect
of that Collateral Vessel; 

  

	 	(iii)	in respect of the Socrates Effective Date only, the name “OOCL BRITAIN” of the Socrates Vessel and all references thereto shall be amended to “BRITAIN”; and 

 

	 	(iv)	in respect of the Kronos Effective Date only, the name “OOCL NETHERLANDS” of the Kronos Vessel and all references thereto shall be amended to “NETHERLANDS”. 

Amendments to the Finance Documents 
  

	(a)	With effect on and from any Effective Date, the Finance Documents (other than the Loan Agreement) shall be, and shall be deemed by this Agreement to be amended as follows: 

 

	 	(i)	by construing references throughout each of the Finance Documents to “this Agreement” or the Loan Agreement (howsoever defined) to the Loan Agreement as further amended and supplemented by this Agreement;

  

	(b)	With effect on and from the relevant Effective Date in respect of a Collateral Vessel, the Finance Documents (other than the Loan Agreement) shall be, and shall be deemed by this Agreement to be amended as follows:

  

	 	(i)	the reference in the Collateral General Assignment in respect of that Collateral Vessel to “a second priority statutory Hong Kong mortgage and deed of covenants collateral thereto” shall be deleted and
replaced by “a second preferred mortgage under the flag of an Approved Flag State”; 

  

	 	(ii)	all references to the “Collateral Mortgage” (howsoever defined) in the Collateral General Assignment, the Collateral Guarantee and the Collateral Manager’s Undertakings in respect of that Collateral
Vessel shall be read and construed as the New Collateral Mortgage in respect of that Collateral Vessel; 

  

	 	(iii)	all references to the “Collateral General Assignment” (howsoever defined) in respect of a Collateral Vessel in any of the Security Documents shall be read and construed as the New Collateral General Assignment
in respect of that Collateral Vessel; 

  

	 	(iv)	by amending that Collateral Owner’s address to delete reference to that limited liability company being a non-Hong Kong company and deleting its principal place of business address in Hong Kong; 

 

	 	(v)	by amending the definition of any term defined, to the extent necessary, to reflect the amendments to the Loan Agreement made in this Agreement; 

 

	 	(vi)	in respect of the Socrates Effective Date only, the name “OOCL BRITAIN” of the Socrates Vessel and all references thereto shall be amended to “BRITAIN”; and 

 

	 	(vii)	in respect of the Kronos Effective Date only, the name “OOCL NETHERLANDS” of the Kronos Vessel and all references thereto shall be amended to “NETHERLANDS”. 

Documents to remain in full force and effect 

The Loan Agreement and all other Finance Documents shall remain in full force and effect as amended and supplemented by: 

 

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

  
 8 

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

On the relevant Effective Date in respect of each Collateral Vessel, the Lender shall deliver to the Borrower, (i) evidence that the
relevant Original Collateral Mortgage in respect of that Collateral Vessel has been discharged and (ii) executed notices of reassignment of any insurances and earnings. 

FURTHER ASSURANCES 

Borrower’s obligation to execute further documents etc 

The Borrower shall and shall procure that each of the Security Parties shall: 

 

	(a)	execute and deliver to the Lender (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 Lender may, in any particular
case, specify; 

  

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

 which the
Lender may, by notice to such Security Party, specify for any of the purposes described in Clause 6.2 or for any similar or related purpose. 

Purposes of further assurances 

Those purposes are: 
  

	(a)	validly and effectively to create any Encumbrance or right of any kind which the Lender 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 this Agreement. 

 Terms of further assurances

 The Lender may specify the terms of any document to be executed by any Security Party under Clause 6.1, and those terms may include any
covenants, powers and provisions which the Lender considers appropriate to protect its interests. 
 Obligation to comply with notice

 The relevant Security Party shall comply with a notice under Clause 6.1 by the date specified in the notice. 

Additional corporate action 

At the same time as any Security Party delivers to the Lender any document executed under Clause 6.1(a), that Borrower shall procure that that
Security Party shall also deliver to the Lender such evidence as the Lender may require in relation to the due authorisation and execution by that Security Party of such documentation. 

EXPENSES 
 Indemnities
and Fees 
 The provisions of clause 8 (Indemnities) and clause 9 (Fees) 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 

 NOTICES 

The provisions of clause 17 (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. 
 MISCELLANEOUS 

Counterparts 
 This
Agreement may be executed in any number of counterparts. 
 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. 
 LAW AND JURISDICTION 

Governing law 
 This
Agreement and any non-contractual obligations arising in connection with it shall be governed by and construed in accordance with English law. 

Incorporation of the Loan Agreement provisions 

The provisions of clause 21 (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. 
 This Second Supplemental & Release
Agreement has been duly executed and delivered as a Deed on the date stated at the beginning of this Agreement. 

  
 10 

 EXECUTION PAGE 

BORROWER 
  

							
	 EXECUTED as a DEED
		)				
	 by ZEUS ONE MARINE LLC
		)				
	 acting by Filanthi Katsafadou
		)				
	 its duly authorised
		)				
	 attorney-in-fact in the presence of:
		)		 /s/ Filanthi Katsafadou
		

 LENDER 
  

							
	 EXECUTED as a DEED
		)				
	 by ABN AMRO BANK N.V.
		)				
	 acting by
		)				
	 its duly authorised
		)				
	 attorney-in-fact in the presence of:
		)		 /s/ Georgia Asimakopoulos
		

  
 11 

 APPENDIX A 

RELEASED FINANCE DOCUMENTS 
  

	1.	Hong Kong Ship Mortgage dated 31 July 2014 executed by Platon Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014013397). 

 

	2.	Deed of Assignment dated 31 July 2014 executed by Platon Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014013375). 

 

	3.	Deed of Covenants dated 31 July 2014 executed by Platon Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014013373). 

 

	4.	Hong Kong Ship Mortgage dated 31 July 2014 executed by Rea Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014014172). 

 

	5.	Deed of Assignment dated 31 July 2014 executed by Rea Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014013348). 

 

	6.	Deed of Covenants dated 31 July 2014 executed by Rea Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014013347). 

 

	7.	Hong Kong Ship Mortgage dated 31 July 2014 executed by Kronos Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014013363). 

 

	8.	Deed of Assignment dated 31 July 2014 executed by Kronos Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014013364). 

 

	9.	Deed of Covenants dated 31 July 2014 executed by Kronos Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014013365). 

 

	10.	Hong Kong Ship Mortgage dated 31 July 2014 executed by Socrates Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014013367). 

 

	11.	Deed of Assignment dated 31 July 2014 executed by Socrates Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014013372). 

 

	12.	Deed of Covenants dated 31 July 2014 executed by Socrates Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2014013370). 

  
 12 

 SCHEDULE 1 

FORM OF [PLATON] [REA] [KRONOS] [SOCRATES] EFFECTIVE DATE NOTICE 

 

	To:	Zeus One Marine LLC 

 c/o 3-5 Menandrou Street 

14561 Kifisia 
 Athens, Greece

 Fax: + 30 210 8084224 

[●] 2015 
 Dear Sirs 

We refer to the second supplemental & release agreement (the “Supplemental Agreement”) dated [●] 2015 made between
(i) yourselves as Borrower and (ii) ourselves, as Lender. 
 Words and expressions defined in the Supplemental Agreement shall have the same
meaning when used in this letter. 
 We write to confirm that the conditions precedent in Clause 3.1 and 3.2 of the Supplemental Agreement have been
fulfilled in respect of the [●] Vessel and that [accordingly] the [Platon] [Rea] [Kronos] [Socrates] Effective Date is [●] 2015. 

Yours faithfully 
 for and on
behalf of 
 ABN AMRO BANK N.V. 

  
 13 

 COUNTERSIGNED this 15th day of January 2015 for and
on behalf of the below companies each of which, by its execution hereof, confirms and acknowledges that it has read and understood the terms and conditions of this supplemental agreement, that it agrees in all respects to the same and that the
Security Documents to which it is a party shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrower under the Loan Agreement. 

GUARANTOR and PLEDGOR 
  

									
	 /s/ Georgios Giouroukos
								
	Georgios Giouroukos								
	Director/Chief Executive Officer 								
	for and on behalf of								
	POSEIDON CONTAINERS HOLDINGS INC.								
					
	COLLATERAL OWNERS								
					
	 /s/ Filanthi Katsafadou
						 /s/ Filanthi Katsafadou
		
	Filanthi Katsafadou						Filanthi Katsafadou		
	Attorney-in-Fact						Attorney-in-Fact		
	for and on behalf of						for and on behalf of		
	SOCRATES MARINE LLC						REA MARINE LLC		
					
	 /s/ Filanthi Katsafadou
						 /s/ Filanthi Katsafadou
		
	Filanthi Katsafadou						Filanthi Katsafadou		
	Attorney-in-Fact						Attorney-in-Fact		
	for and on behalf of						for and on behalf of		
	PLATON MARINE LLC						KRONOS MARINE LLC		

  
 14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}]]