Document:

Exhibit 4.18

 

9 February 2017

EURONAV NV

LONG TERM INCENTIVE PLAN 2017

	1	
Definitions

	
"Acceptance Notification"

	
:

	
means the written notification substantially in the form as attached in Annex A to this Plan whereby the Beneficiary notifies the Company of his/her full or partial acceptance of the LTIP Grant, in accordance with the provisions set out in this Plan;

 

	
"Affiliated Entity"

	
:

	
means, in relation to any person or legal entity, any undertaking which relates to that person or legal entity as set out in Article 11 of the Belgian Companies Code;

 

	
"Bad Leaver Event"

	
:

	
means the termination of the Professional Relationship between a Participant and a Group Company due to any of the reasons described in Article 6.2 of this Plan;

 

	
"Beneficiary"

	
:

	
means (i) a member of the Executive Committee, (ii) a direct report of a member of the Executive Committee; and (iii) any other employee of a Group Company recommended by the Executive Committee and approved by the Board of Directors;

 

	
"Board of Directors"

	
:

	
means the board of directors of the Company or any person or committee duly authorized by the board of directors of the Company;

 

	
"Business Day"

	
:

	
means a day, other than Saturday or Sunday, on which banks are open for business in Belgium and the United States;

 

	
"Cause"

	
:

	
means dishonesty, fraud, gross misconduct, unauthorized use or disclosure of confidential information or trade secrets, or conduct prohibited by criminal law (except minor violations), in each case determined by the Company's chief executive officer or, in the case of directors and executive directors, the Remuneration Committee whose determination shall be conclusive and binding;

 

	
"Company"

	
:

	
means Euronav NV, a company incorporated under the laws of Belgium, with registered office at De Gerlachekaai 20, 2000 Antwerp, Belgium and registered with the Register of Legal Entities under number 0860.402.767;

 

	
"Change of Control"

	
:

	
means the occurrence of any of the following events:

 

(i)          during any period of twenty four (24) consecutive

	 	 	
calendar months, individuals who were directors of the Company on the first day of such period cease for any reason to constitute a majority of the Board; or

 

(ii)          the consummation of an amalgamation, merger, consolidation or similar form of corporate transaction involving the Company and as a result of which at least 25% of the outstanding shares of the combined entity are held by the new shareholders or a sale of all or substantially all of the assets of the Company; or

 

(iii)          a change of Control takes place;

 

	
"Control"

	
:

	
means control over a company as defined in article 5 to 9 of the Belgian Companies Code;

 

	
"Disability"

	
:

	
means the permanent disablement of a Participant which prevents that Participant from attending any business or occupation for which he/she is reasonably suited by training, education or experience and which lasts twelve consecutive months and at the end of such twelve-month period is beyond reasonable hope of improvement;

 

	
"Executive Committee"

	
:

	
means the executive committee of the Company;

 

	
"Fair Market Value"

	
:

	
means the volume weighted average price of the Shares on Euronext Brussels over the three (3) last Business Days of the relevant Phantom Stock Vesting Period.

 

	
"Good Leaver Event"

	
:

	
means the termination of the Professional Relationship between a Participant and a Group Company due to any of the reasons described in Article 6.1 of this Plan;

 

	
"Group"

	
:

	
means the Company and any of its Affiliated Entities;

 

	
"Group Company"

	
:

	
means any company being part of the Group;

 

	
"Leaver Instance"

	
:

	
means each instance which in respect of a Participant gives rise to the termination of his/her Professional Relationship with a Group Company either in the context of a Good Leaver Event or a Bad Leaver Event;

 

	
"LTIP Award"

	
:

	
means Phantom Stock accepted by a Beneficiary in accordance with this Plan and the terms and conditions of the LTIP Grant;

 

	
"LTIP Grant"

	
:

	
means a grant of Phantom Stock Units made to a Beneficiary under this Plan;

	
"Offer"

	
:

	
means the written notification pursuant to which the Company offers a LTIP Grant to a Beneficiary in accordance with Article 3.2 of this Plan;

 

	
"Offer Date"

	
:

	
means the date a Beneficiary is notified in writing by the Board of Directors that he or she is offered a LTIP Grant;

 

	
"Participant"

	
:

	
means an individual person or a legal entity who is a Phantom Stock Holder;

 

	
"Phantom Stock Unit"

	
:

	
means an unfunded and unsecured promise to deliver an amount in cash equal to the Fair Market Value of one (1) Share on the Settlement Date in accordance with the terms and conditions of this Plan;

 

	
"Phantom Stock Holder"

	
:

	
means the holder of a Phantom Stock Unit granted under this Plan;

 

	
"Phantom Stock Vesting Period"

	
:

	
means the vesting period of the Phantom Stock Units, being the period between the Offer Date and the relevant anniversary of the Offer Date as specified in Article 5.1.1 of this Plan;

 

	
"Plan"

	
:

	
means this Long Term Incentive Plan 2017 of the Company, as may be amended from time to time;

 

	
"Professional Relationship"

	
:

	
means the employment contract between a Participant and a Group Company, a Service Agreement between a Participant and a Group Company or the mandate of a Participant at a Group Company;

 

	
"Remuneration Committee"

	
:

	
means the remuneration committee of the Company;

 

	
"Resignation"

	
:

	
means the voluntary termination of the Professional Relationship with the Group Company by the Participant for motives other than a Good Leaver Event;

 

	
"Retirement"

	
:

	
means either (a) attaining the legal retirement age in the relevant jurisdiction, or (b) each of the Group Company and the Participant agreeing to early retirement no earlier than the age of 60;

 

	
"Secretary"

	
:

	
means Mrs Ann Vleugels, HR manager and any person appointed by the Board of Directors to receive the Acceptance Notifications and the Exercise Notifications, or if she is unavailable, the General Counsel of the Company or any other person appointed by him/her;

 

	
"Service Agreement"

	
:

	
means each agreement pursuant to which services, such

	 	 	
as among others management or consultancy services, are rendered by a self-employed individual or a legal entity for the benefit of a Group Company;

 

	
"Settlement Date"

	
:

	
has the meaning set out in Article 5.1.2 of this Plan;

 

	
"Shares"

	
:

	
means all issued Shares in the Company from time to time;

 

	2	
Object of the Plan

	2.1	
The purpose of this Plan is to align Participants and shareholder interests by providing a proportion of variable compensation directly linked to the performance of the Company's Share price. This variable compensation is structured as a LTIP Grant composed out of Phantom Stock Units.

	2.2	
Each Phantom Stock Unit grants the Phantom Stock Holder a conditional right to receive upon vesting of the Phantom Stock Unit and subject to the terms and conditions of this Plan an amount in cash equal to the Fair Market Value of one (1) Share on the Settlement Date.

	3	
Offer of LTIP Grants

	3.1	
Offer

		3.1.1	
The Board of Directors, upon recommendation of the Remuneration Committee, determines the number of Phantom Stock Units offered to each Beneficiary under this Plan. In this respect, the number of Phantom Stock Units to be offered will be determined based on the Share price on the Offer Date / based on the volume weighted average price of the Shares on Euronext Brussels over the three (3) Business Days immediately following the date of issuance of the Company's 2016 Q4 earnings release.

		3.1.2	
An Offer does not entail any right for a Beneficiary to additional Offers of LTIP Grants in the future.

		3.1.3	
The Offer of LTIP Grants under this Plan does not give rise to an implied guarantee of continuous employment by the Group Companies.

	3.2	
Form of the Offer

The Company notifies the Beneficiary by means of a written notification of the number of Phantom Stock Units offered to such Beneficiary under the LTIP Grant and indicates the vesting dates of the Phantom Stock Units (the "Offer").

	3.3	
Free Offer

The LTIP Grants are offered to the Beneficiaries for no consideration.

	3.4	
Acceptance or refusal of LTIP Grants

		3.4.1	
Any Beneficiary should accept all or part of the LTIP Grant offered to him by returning a duly completed and executed Acceptance Notification to the Secretary within ninety (90) calendar days after the Offer Date, unless indicated otherwise in the Offer. If the Acceptance Notification is not received in due time, the LTIP Grant shall be deemed to have been refused by the Beneficiary and the rights of the concerned Beneficiary with regard to the LTIP Grant are automatically cancelled. The same is true for explicitly refused LTIP Grants. No financial compensation shall be granted to the Beneficiary for any implicit or explicit refusal.

		3.4.2	
A Beneficiary has the possibility to accept only part of the LTIP Grant granted to him/her. To this effect, the Beneficiary should mention the exact number of accepted Phantom Stock Units in the Acceptance Notification. If the Beneficiary accepts only part of the Phantom Stock Units granted to him/her, he/she shall be deemed to have refused the other Phantom Stock Units offered to him/her. In such case, no financial compensation shall be granted to the Beneficiary for the refused Phantom Stock Units.

		3.4.3	
Through their acceptance of (part of) the LTIP Grants by means of the Acceptance Notification, the Beneficiaries of LTIP Grants unconditionally accept all the provisions contained in this Plan.

		3.4.4	
In due course the Company will confirm the Beneficiary's election to accept or to refuse the LTIP Grant and the number of Phantom Stock Units accepted, if any.

	4	
General Terms of the LTIP Awards

	4.1	
LTIP Awards granted to Beneficiaries are strictly personal and not eligible for transfer of ownership title or any other form of transfer of (ownership) rights, except in event of decease in which case the LTIP Awards will be transferred to the heirs.

	4.2	
LTIP Awards cannot be pledged or encumbered directly or indirectly in any way.

	4.3	
LTIP Awards that have been transferred, pledged or encumbered directly or indirectly in any way in violation of Article 4.1 and/or Article 4.2 of this Plan, shall lapse automatically without any financial compensation for the Beneficiary or its transferee.

	5	
Specific terms of the Phantom Stock Units

	5.1	
Vesting and settlement of the Phantom Stock Units

		5.1.1	
Subject to Article 8 of this Plan, the Phantom Stock Units shall vest as follows:

		-	
a first tranche of 1/3 of the total number of Phantom Stock Units accepted by a Phantom Stock Holder vests on the second (2nd) anniversary of the Offer Date;

		-	
a second tranche of 1/3 of the total number of Phantom Stock Units accepted by a Phantom Stock Holder vests on the third (3rd) anniversary of the Offer Date; and

		-	
a final tranche of 1/3 of the total number of Phantom Stock Units accepted by a Phantom Stock Holder vests on the fourth (4th) anniversary of the Offer Date.

		5.1.2	
On the first Business Day after a Phantom Stock vesting event as per Article 5.1.1 (the "Settlement Date"), the Phantom Stock Holder will receive, an amount in cash equal to the Fair Market Value of one (1) Share on the Settlement Date, multiplied by the number of Phantom Stock Units vested on that Settlement Date.

		5.1.3	
In the event that the Company has paid dividends during a Phantom Stock Vesting Period the Phantom Stock Holder shall be entitled to receive an amount in cash corresponding to such dividends. Such amount will be paid in cash to the Phantom Stock Holder on the Settlement Date for the Phantom Stock Units having vested during the corresponding Phantom Stock Vesting Period.

	6	
Lapse of the LTIP Awards in a Leaver Instance

	6.1	
Good Leaver Events

		6.1.1	
In case of Retirement of a Participant, all Phantom Stock Units held by that Participant shall continue to vest in accordance with the vesting schedule set out in Article 5.1.1 of this Plan and shall be cash settled by the Company upon vesting in accordance with this Plan.

		6.1.2	
In case of decease of a Participant, all Phantom Stock Units held by that Participant shall immediately vest and shall be cash settled by the Company in accordance with Article 5.1.2.

		6.1.3	
In case of Disability of a Participant, all Phantom Stock Units held by that Participant shall immediately vest and shall be cash settled by the Company in accordance with this Plan on the date of termination of the Professional Relationship as a result of the Disability of the Participant.

		6.1.4	
If the Professional Relationship between a Participant and a Group Company is terminated by the Participant or the Group Company, for any reason not included in this Article 6.1 or in Article 6.2 of this Plan, all Phantom Stock Units held by that Participant that are scheduled to vest on or prior to 31 December of the year following the calendar year in which the Professional Relationship was terminated, shall continue to vest in accordance with the vesting schedule set out in Article 5.1 of this Plan and shall be cash settled by the Company upon vesting in accordance with Article 5.1.2. All Phantom Stock Units held by that Participant that are scheduled to vest after 31 December of the year following the calendar year in which the Professional Relationship was terminated, shall lapse automatically, without any payment, as of the date the Professional Relationship was terminated, unless the

Board of Directors upon recommendation of the Remuneration Committee, would decide otherwise. No Group Company can be held liable for the potential loss incurred by a Participant as a result of the lapsing of the LTIP Awards.

	6.2	
Bad Leaver Event

		6.2.1	
If the Professional Relationship between a Participant and a Group Company is terminated by the Group Company for Cause, all LTIP Awards held by the Participant and not yet settled by the Company shall lapse automatically, without any payment, irrespective of whether the LTIP Awards have vested in accordance with Article 5.1 of this Plan, unless the Board of Directors, upon recommendation of the Remuneration Committee, would decide otherwise. No Group Company can be held liable for the potential loss incurred by a Participant as a result of the lapsing of the LTIP Awards.

		6.2.2	
In case of Resignation by the Participant, all unvested LTIP Awards held by that resigning Participant shall lapse automatically, without any payment, upon first notification to the Group Company of such termination of the Professional Relationship, unless the Board of Directors upon recommendation of the Remuneration Committee, would decide otherwise. No Group Company can be held liable for the potential loss incurred by a Participant as a result of the lapsing of the LTIP Awards.

	7	
Adjustments

	7.1	
Adjustment of the LTIP Awards

In the event of any extraordinary dividend or other extraordinary distribution or if an adjustment of the Share capital would occur, including a capital decrease as a result of a reimbursement to the shareholders, an incorporation of reserves in the capital with the issuance of new Shares, the issuance of new Shares, profit Shares, convertible bonds, bonds with a subscription right, a change of the statutory provisions with respect to the distribution of reserves and other profits and/or the distribution of liquidation bonuses or the distribution as a result of the dissolution of the Company, or a merger, contribution or the transfer of Shares as a consequence of a Share exchange, the number of the nominal amount of Shares taken in to account to establish the cash equivalent of a Phantom Stock Unit can be adjusted accordingly, even retroactively, if and to the extent that this is deemed necessary by the Board of Directors, as decided fully discretionary, in order to maintain the value of the benefits attached to the LTIP Awards.

	7.2	
Notification

The Board of Directors will notify the Participants of each adjustment as referred to in Article 7.1 of this Plan.

	8	
Change of Control

In the event of a Change of Control, all (and not part of the) LTIP Awards shall automatically be deemed to have vested and shall be settled in cash by the Company, in accordance with the terms and conditions of this Plan.

	9	
General

	9.1	
Notifications

Each notification which should be given to the Beneficiary/Participant or each document which should be provided to the Beneficiary/Participant with respect to this Plan, can be delivered at his home address as communicated to the Company, or any other address which the Company reasonably seems appropriate.

	9.2	
Decision of the Board of Directors

The decisions of the Board of Directors concerning the interpretation of the Plan or concerning any dispute with respect to a LTIP Award or with respect to any affair which relates to this Plan, will be final and decisive.

	9.3	
Changes to the Plan

		9.3.1	
The Board of Directors can change the Plan and/or adjust the terms and conditions of the LTIP Awards if they believe that that is necessary or required taking into account, to be in accordance with, or for the moderation of the relevant legal provisions applicable in any relevant jurisdiction, including, but not limited to, tax provisions and securities regulations and currency regulations, provided that it is the intention of the Board of Directors to maintain the terms and conditions of the LTIP Awards granted to such Beneficiaries/Participants in line with the terms and conditions granted to the other Beneficiaries/ Participants.

		9.3.2	
The Board of Directors will notify the Beneficiaries/Participants as soon as possible of each change as referred to in Article 9.3.1 of this Plan.

	9.4	
Taxes and Expenses

		9.4.1	
The possible taxes, duties, parafiscal levies due by the Participant as a result of the grant and/or acceptance of the LTIP Awards and/or settlement in cash of the Phantom Stock Units, will be exclusively borne by the Participant, without the possibility to claim any compensation therefore from the Company.

		9.4.2	
The Company and/or any Group Company are entitled to withhold any amount and conclude any agreement they deem necessary or useful in order to comply with any tax and/or social security obligation that results from the grant and/or acceptance of the Phantom Stock Units and/or the settlement in cash of the Phantom Stock Units in accordance with this Plan.

		9.4.3	
Without prejudice to Articles 9.4.1 and 9.4.2 of this Plan, all costs with respect to the implementation of this Plan will be borne by the Company.

	9.5	
Nature of the Plan

Notwithstanding any provisions to the contrary included in the Plan:

		9.5.1	
the granting of the LTIP Awards is not to form part of the rights held by the Participant with respect to remuneration or benefits under his/her Professional Relationship with a Group Company;

		9.5.2	
nothing contained in the Plan shall prevent the Company or any Group Company from adopting or continuing in effect other compensation arrangements, which may, but need not, provide for the grant of Phantom Stock Units, other types of equity-based or equity-linked awards (subject to approval of the shareholders of the Company if such approval is required) and cash incentive awards, and such arrangements may be either generally applicable or applicable only in specific cases.

		9.5.3	
the Plan does not confer upon the Participant any right to the continuation of his/her Professional Relationship or continued performance under a statutory position for any period and therefore does not prevent any Group Company from terminating the Professional Relationship or statutory position in accordance with applicable regulations;

		9.5.4	
the granting of the LTIP Awards cannot be considered as a right acquired for the future.

	9.6	
Severability

If any provision in this document is held to be illegal, invalid or unenforceable, in whole or in part, under any applicable law, that provision will be deemed not to form part of this document, and the legality, validity or enforceability of the remainder of this document will not be affected.

	9.7	
Governing Law

		9.7.1	
The Plan, all Phantom Stock Units and their implications are governed by Belgian Law.

9.7.2      The courts of Antwerp have exclusive jurisdiction.

Annex A

Acceptance Notification

 

PHANTOM STOCK UNITS OFFERED BY EURONAV NV

ACCEPTANCE NOTIFICATION

 

MANDATORY RETURN

REGISTERED OR HAND DELIVERY

[date no later than [insert date]]

 

Euronav NV

f.a.o. Mrs Ann Vleugels

De Gerlachekaai 20

2000 Antwerp

 Belgium

Dear Madam,

 Dear Sir,

Euronav NV Long Term Incentive Plan 2017

Further to the offer I received from Euronav NV on [insert date of offer], I hereby inform you that I:

		o	
accept ________ Phantom Stock Units referred to in the offer; this acceptance shall be construed as my unconditional acceptance of all the provisions contained in the Euronav NV Long Term Incentive Plan 2017;

		o	
refuse ________ Phantom Stock Units referred to in the offer;

Sincerely,

[signature of the beneficiary]

 [name]

Confirmation of receipt in the event the notification was not returned by registered mail

Date of receipt: _____________Exhibit 4.19

 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                  EXECUTION COPY

Dated 30 March 2016

EURONAV SHIPPING NV

 EURONAV TANKERS NV

as joint and several Initial Borrowers

and

EURONAV NV

as Guarantor

and

THE BANKS AND FINANCIAL INSTITUTIONS

listed in Schedule 1

 as Lenders

and

THE BANKS AND FINANCIAL INSTITUTIONS

listed in Schedule 2

 as Swap Banks

and

NORDEA BANK NORGE ASA

as Agent

 and as Security Trustee

SUPPLEMENTAL AGREEMENT

relating to a term loan facility of (originally)

 US$500,000,000

 

 

 

WATSON FARLEY

&

 WILLIAMS

Index

	
Clause

	
Page

	 	 
	
1          Interpretation

	
1

	
2          Agreement of the Creditor Parties

	
2

	
3          Conditions Precedent

	
3

	
4          Representations and Warranties

	
4

	
5          Amendments to Loan Agreement and other Finance Documents

	
4

	
6          Further Assurances

	
7

	
7          Fees and Expenses

	
8

	
8          Communications

	
8

	
9          Supplemental

	
8

	
10          Law and Jurisdiction

	
8

	 	 
	
Schedules

	 
	 	 
	
Schedule 1 Lenders

	
9

	
Schedule 2 Swap Banks

	
14

	 	 
	
Execution

	 
	 	 
	
Execution Pages

	
17

THIS AGREEMENT is made on 30 March 2017

PARTIES

	(1)	
EURONAV TANKERS NV ("Borrower A") and EURONAV SHIPPING NV ("Borrower B"), each a company incorporated in Belgium whose Belgian registered office is at De Gerlachekaai 20, B-2000 Antwerp, Belgium (Borrower A and Borrower B, together the "Borrowers");

	(2)	
EURONAV NV, a company incorporated in Belgium whose Belgian registered office is at De Gerlachekaai 20, B-2000 Antwerp, Belgium (the "Guarantor");

	(3)	
THE BANKS AND FINANCIAL INSTITUTIONS listed in Schedule 1 as Lenders (the "Lenders");

	(4)	
THE BANKS AND FINANCIAL INSTITUTIONS listed in Schedule 2 as Swap Banks (the "Swap Banks");

	(5)	
NORDEA BANK NORGE ASA, acting through its office at Essendrops gate 7, NO-0107, Oslo, Norway (the "Agent"); and

	(6)	
NORDEA BANK NORGE ASA, acting through its office at Essendrops gate 7, NO-0107, Oslo, Norway (the "Security Trustee").

BACKGROUND

	(A)	
By a loan agreement dated 25 March 2014 as amended by a supplemental letter dated 26 June 2014 and made between (i) the Borrowers, (ii) the Guarantor, (iii) the Lenders, (iv) the Swap Banks, (v) the Lead Arrangers (as defined therein), (vi) the Co-Arrangers (as defined therein), (vii) the Bookrunners (as defined therein), (viii) the Agent and (ix) the Security Trustee, the Lenders have made available to the Borrowers a facility of (originally) US$500,000,000, of which US$_________________ is outstanding at the date of this Agreement.

	(B)	
The Borrowers have requested the consent of the Creditor Parties to:

		(i)	
the transfer of the m.v. "SIMONE" from Borrower A to Borrower B; and

		(ii)	
the transfer of the m.v.s "NUCLEUS" and "NEPTUN" from Borrower B to Borrower A.

	(C)	
This Agreement sets out the terms and conditions on which the Creditor Parties agree, with effect on and from the Effective Date to the transfer of ownership of the ships referred to above and to the consequential amendment of the Loan Agreement and the other Finance Documents in connection with those matters.

OPERATIVE PROVISIONS

	1	
INTERPRETATION

	1.1	
Defined expressions

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

	1.2	
Definitions

In this Agreement, unless the contrary intention appears:

"Effective Date" means the date on which the conditions precedent in Clause 3 (Conditions Precedent) are satisfied;

"Loan Agreement" means the loan agreement dated 25 March 2014 as amended by a supplemental letter dated 26 June 2014 referred to in Recital (A);

"MI Ships" means:

		(a)	
the VLCC named "NUCLEUS" registered under the laws and flag of the Republic of the Marshall Islands with Official Number 5479 ("NUCLEUS"); and

		(b)	
the VLCC named "NEPTUN" registered under the laws and flag of the Republic of the Marshall Islands with Official Number 5796 ("NEPTUN").

"New Finance Documents" means the New Mortgages, the New General Assignments and the New Manager's Undertakings;

"New General Assignment" means, in relation to each Transfer Ship, a deed to be executed by the Owner of that Transfer Ship in favour of the Security Trustee creating security in respect of the Earnings, the Insurances and any Requisition Compensation relating to that Transfer Ship and any charter in excess of 24 months in relation to that Transfer Ship and any guarantee of such charter in the Agreed Form;

"New Manager's Undertakings" means, in relation to each Transfer Ship, the undertaking to be given by the Approved Manager in favour of the Security Trustee in the Agreed form;

"New Mortgage" means, in relation to:

		(a)	
"NUCLEUS", the first preferred Marshall Islands ship mortgage over that Transfer Ship to be executed by Borrower A in favour of the Security Trustee in the Agreed Form;

		(b)	
"NEPTUN", the first preferred Marshall Islands ship mortgage over that Transfer Ship to be executed by Borrower A in favour of the Security Trustee in the Agreed Form; and

		(c)	
"SIMONE", the first priority Belgian ship mortgage over that Transfer Ship to be executed by Borrower B in favour of the Security Trustee in the Agreed Form;

"SIMONE" means the VLCC named "SIMONE" and registered under the laws and flag of Belgium with IMO Number 9537769; and

"Transfer Ships" means the MI Ships and SIMONE.

	1.3	
Application of construction and interpretation provisions of Loan Agreement

Clauses 1.2 and 1.5 of the Loan Agreement apply, with any necessary modifications, to this Agreement.

	2	
AGREEMENT OF THE CREDITOR PARTIES

	2.1	
Agreement of the Lenders

The Lenders agree, subject to and upon the terms and conditions of this Agreement, to

	(a)	
the ownership of the MI Ships being transferred to Borrower A and to remain registered under Marshall Islands flag; and

2

	(b)	
the ownership of the SIMONE being transferred to Borrower B and to remain registered under Belgian flag.

	2.2	
Agreement of the Creditor Parties

The Creditor Parties agree, subject to and upon the terms and conditions of this Agreement, to the consequential amendment of the Loan Agreement and the other Finance Documents in connection with the matters referred to in Clause 2.1 (Agreement of the Lenders).

	2.3	
Effective Date

The agreement of the Lenders and the other Creditor Parties contained in Clauses 2.1 (Agreement of the Lenders) and 2.2 (Agreement of the Creditor Parties) shall have effect on and from the Effective Date.

	3	
CONDITIONS PRECEDENT

	3.1	
General

The agreement of the Lenders and the other Creditor Parties contained in Clauses 2.1 (Agreement of the Lenders) and 2.2 (Agreement of the Creditor Parties) is subject to the fulfilment of the conditions precedent in Clause 3.2 (Conditions precedent).

	3.2	
Conditions precedent

The conditions referred to in Clause 3.1 (General) are that the Agent shall have received the following documents and evidence in all respects in form and substance satisfactory to the Agent and its lawyers on or before 1 April 2016 or such later date as the Agent may agree with the Borrower and the other Security Parties:

	(a)	
documents of the kind specified in Schedule 4, Part A, paragraphs 2, 3 and 4 of the Loan Agreement as amended and supplemented by this Agreement and updated with appropriate modifications to refer to this Agreement and the New Finance Documents or, if appropriate, in the case of the incorporation and constitutional documents of each Borrower and the Guarantor confirmation that there have been no amendments to these documents since the date copies were provided to the Agent pursuant to the Loan Agreement.

	(b)	
a duly executed original of this Agreement duly executed by the parties to it;

	(c)	
a duly executed original of each of the New Finance Documents (and of each document required to be delivered by their respective terms);

	(d)	
documentary evidence that:

		(i)	
each Transfer Ship is definitively and permanently registered in the name of the relevant Borrower under Marshall Islands flag or Belgian flag as the case may be;

		(ii)	
each Transfer Ship is in the absolute and unencumbered ownership of the relevant Borrower save as contemplated by the Finance Documents;

		(iii)	
each Transfer Ship maintains the highest class with a classification society approved by the Agent free of all overdue recommendations and conditions of such classification society;

		(iv)	
the New Mortgage on each Transfer Ship has been duly registered or recorded (as the case may be) against that Transfer Ship as a valid first priority or preferred (as the case may be) ship mortgage in accordance with the laws of the country where that Transfer Ship is registered; and

3

		(v)	
each Transfer Ship is insured in accordance with the provisions of this Agreement and all requirements therein in respect of insurances have been complied with;

	(e)	
documents establishing that each Transfer Ship will, as from the Effective Date, be managed by the relevant Approved Manager on terms acceptable to the Agent (in its reasonable discretion), together with:

		(i)	
the Manager's Undertaking in respect of that Transfer Ship; and

		(ii)	
copies of the relevant Approved Manager's Document of Compliance and of that Transfer Ship's Safety Management Certificate (together with any other details of the applicable safety management system which the Agent requires) and ISSC;

	(f)	
favourable legal opinions from lawyers appointed by the Agent on such matters concerning the laws of England, Belgium and the Marshall Islands in relation to this Agreement and the New Finance Documents; and

	(g)	
any further opinions, consents, agreements and documents in connection with this Agreement and the Finance Documents which the Agent may request by notice to the Borrower prior to the Effective Date.

	4	
REPRESENTATIONS AND WARRANTIES

	4.1	
Repetition of Loan Agreement representations and warranties

Each Obligor represents and warrants to the Creditor Parties that the representations and warranties in clause 10 of the Loan Agreement, as amended and supplemented by this Agreement and updated with appropriate modifications to refer to this Agreement and the New Finance Documents, remain true and not misleading if repeated on the date of this Agreement with reference to the circumstances now existing.

	4.2	
Repetition of Finance Document representations and warranties

Each Obligor represents and warrants to the Creditor Parties that the representations and warranties in the Finance Documents (other than the Loan Agreement) to which it is a party, as amended and supplemented by this Agreement and updated with appropriate modifications to refer to this Agreement and the New Finance Documents, 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 AND OTHER FINANCE DOCUMENTS

	5.1	
Specific amendments to Loan Agreement

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

	(a)	
by amending the definition of "Finance Documents" in clause 1.1 of the Loan Agreement and references thereto throughout the Loan Agreement and other relevant Finance Documents to include references to the New Finance Documents;

	(b)	
by amending the definition of "General Assignment" in clause 1.1 of the Loan Agreement and references thereto throughout the Loan Agreement and other relevant Finance Documents to include references to the New General Assignments;

	(c)	
by amending the definition of "Mortgages" in clause 1.1 of the Loan Agreement and references thereto throughout the Loan Agreement and other relevant Finance Documents to include references to the New Mortgages;

4

	(d)	
by amending the definition of "Manager's Undertaking" in clause 1.1 of the Loan Agreement and references thereto throughout the Loan Agreement and other relevant Finance Documents to include references to the New Manager's Undertakings;

	(e)	
by amending Schedule 6 of the Loan Agreement to refer to Borrower A as the owner of the "NEPTUN" and "NUCLEUS" and Borrower B as the owner of the "SIMONE";

	(f)	
by adding the following definitions in clause 1.1 (Definitions) of the Loan Agreement:

"Bail-In Action" means the exercise of any Write-down and Conversion Powers.

"Bail-In Legislation" means:

		(a)	
in relation to an EEA Member Country which has implemented, or which at any time implements, Article 55 of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms, the relevant implementing law or regulation as described in the EU Bail-In Legislation Schedule from time to time; and

		(b)	
in relation to any other state, any analogous law or regulation from time to time which requires contractual recognition of any Write-down and Conversation Powers contained in that law or regulation.

"EEA Member Country" means any member state of the European Union, Iceland, Liechtenstein and Norway.

"EU Bail-In Legislation Schedule" means the document described as such and published by the Loan Market Association (or any successor person) from time to time.

"Resolution Authority" means any body which has authority to exercise any Write-down and Conversion Powers.

"Write-down and Conversion Powers" means:

		(a)	
in relation to any Bail-In Legislation described in EU Bail-In Legislation Schedule from time to time, the powers described as such in relation to that Bail-In Legislation in the EU Bail-In Legislation Schedule; and

		(b)	
in relation to any other applicable Bail-In Legislation;

		(i)	
any powers under that Bail-In Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or other financial institution or affiliate of a bank, investment firm or other financial institution, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers; and

		(ii)	
any similar or analogous powers under that Bail-In Legislation;

		(c)	
by adding the following new clause 38.5 (Contractual recognition of bail-in) to clause 38 (Supplemental):

5

38.5          Contractual Recognition of Bail-In

Notwithstanding any other term of any Finance Document or any other agreement, arrangement or understanding between the parties to a Finance Document, each Party acknowledges and accepts that any liability of any party to a Finance Document under or in connection with the Finance Documents may be subject to Bail-In Action by the relevant Resolution Authority and acknowledges and accepts to be bound by the effect of:

		(a)	
any Bail-In Action in relation to any such liability, including (without limitation):

		(i)	
a reduction, in full or in part, in the principal amount, or outstanding amount due (including any accrued but unpaid interest) in respect of any such liability;

		(ii)	
a conversion of all, or part of, any such liability into shares or other instruments of ownership that may be issued to, or conferred on, it; and

		(iii)	
a cancellation of any such liability; and

		(b)	
a variation of any term of any Finance Document to the extent necessary to give effect to any Bail-In Action in relation to any such liability.

	(g)	
the definition of, and references throughout to, each Finance Document shall be construed as if the same referred to that Finance Document as amended and supplemented by this Agreement; and

	(h)	
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 Finance Documents

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

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

	(b)	
the definition of, and references throughout each of the Finance Documents to, the Mortgage shall be construed as if the same referred to the New Mortgages in the case of the Transfer Ships;

	(c)	
the definition of, and references throughout each of the Finance Documents to, the General Assignment shall be construed as if the same referred to the New General Assignments in the case of the Transfer Ships; and

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

6

	5.3	
Finance Documents to remain in full force and effect

The Finance Documents shall remain in full force and effect as amended and supplemented by:

	(a)	
the amendments to the Finance Documents contained or referred to in Clauses 5.1 (Specific amendments to Loan Agreement) and 5.2 (Amendments to Finance Documents); 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	
Obligor's obligation to execute further documents etc.

Each Obligor shall:

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

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

which the Security Trustee may, by notice to the Obligors, specify for any of the purposes described in Clause 6.2 (Purposes of further assurances) or for any similar or related purpose.

	6.2	
Purposes of further assurances

Those purposes are:

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

	(b)	
implementing the terms and provisions of this Agreement.

	6.3	
Terms of further assurances

The Security Trustee may specify the terms of any document to be executed by the Obligors under Clause 6.1 (Obligor's obligation to execute further documents etc.), and those terms may include any covenants, powers and provisions which the Security Trustee considers appropriate to protect its interests.

	6.4	
Obligation to comply with notice

Each Obligor shall comply with a notice under Clause 6.1 (Obligor's obligation to execute further documents etc.) by the date specified in the notice.

	6.5	
Additional corporate action

At the same time as the Obligors deliver to the Security Trustee any document executed under Clause 6.1(a), the relevant Obligor shall also deliver to the Security Trustee reasonable evidence that the relevant Obligor's execution of such document has been duly authorised by it.

7

	7	
FEES AND EXPENSES

	7.1	
Expenses

The provisions of clause 20 (fees and expenses) 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	
COMMUNICATIONS

	8.1	
General

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

	9	
SUPPLEMENTAL

	9.1	
Counterparts

This Agreement may be executed in any number of counterparts.

	9.2	
Third party rights

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

	10	
LAW AND JURISDICTION

	10.1	
Governing law

This Agreement and any non-contractual obligations arising out of or 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 clauses 39.2 to 39.6 (inclusive) 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 as a Deed on the date stated at the beginning of this Agreement.

8

SCHEDULE 1

 LENDERS

	
Lender

	
Lending Office

 

	
ABN AMRO Bank N.V.

	
Coolsingel 93

3012 AE

 The Netherlands

 

Credit Matters:

 

Kees Tiemstra

Coolsingel 93, GL1610

3012 AE

 The Netherlands

 

Tel: +31 10 4015192

Fax: +31 10 4015323

Email: kees.tiemstra@nl.abnamro.com

 

Operations/Adminstrations:

 

Peter van Wijk / Martin van den Berg

OPS NL Credits / Mid-Office

Coolsingel 93, GL0914/GL1610

3012 AE

 The Netherlands

 

Tel: +31 10 4016254 / +31 10 4016876

Fax: +31 10 4016118 / +31 10 4015323

Email: pieter.van.wijk@nl.abnamro.com /

martijn.m.van.den.berg@nl.abnamro.com /

loket.leningenadministratie.ccs@nl.abnamro.com

 

	
Belfius Bank SA/NV

	
Pachecolaan 44,

1000 Brussels,

Belgium

 

Tel: +32 2 222 11 11

 

Credit Matters:

 

Mr Koen Vinck

 Pachecolaan 44, PA 04/02

1000 Brussels,

Belgium

 

Tel: +32 2 222 38 47

Fax: +32 2 222 23 11

Email: koen.vinck@belfius.be

 

Mr Bart Ferrand

Pachecolaan 44, PA 04/02

1000 Brussels,

Belgium

 

Tel: +32 2 222 20 58

Fax: +32 2 222 23 11

9

	
Lender

	
Lending Office

 

	 	
Email: bart.ferrand@belfius.be

 

Operations / Administrations

 

Mr Niek Poppe / Mrs Katrien De Schepper

Pachecolaan 44, RT 20/03

1000 Brussels,

Belgium

 

Tel: +32 2 222 76 20 / +32 2 222 20 69

Fax: 32 2 222 79 80

Email: nikolas.poppe@belfius.be / 

katrien.deschepper@belfius.be

 

	
BNP Paribas Fortis SA/NV

	
3, Montagne du Parc/1KB1A,

1000 Brussels,

Belgium

 

 

Geert Sterck

Tel: +32 2 656 2355

Fax: +32 2 565 3403

Email: geert.sterck@bnpparibasfortis.com

 

Laura Falzone

Tel: +32 2 312 07 30

Fax: +32 2 565 3403

Email: laura.falzone@bnpparibasfortis.com

 

Credit Matters:

 

Paul Barnes

16 Rue de Hanovre,

75078 Paris CEDEX 2

France

 

Tel: +33 1 43 16 81 20

Fax: +33 1 42 98 61 66

Email: paul.p.barnes@bnpparibas.com

 

Valérie Du Bois

3, Montagne du Parc/1KB3D,

1000 Brussels,

Belgium

 

Tel: +32 2 565 2510

Fax: +32 2 565 9593

Email: valerie.du.bois@bnpparibasfortis.com

 

Operations / Administrations:

 

Geert Sterck

3, Montagne du Parc/1KB1A,

1000 Brussels,

Belgium

 

10

	
Lender

	
Lending Office

 

	 	
Tel: +32 2 565 2355

Fax: +32 2 565 3403

Email: geert.sterck@bnpparibasfortis.com

 

Laura Falzone

3, Montagne du Parc/1KB1A,

1000 Brussels,

Belgium

 

Tel: +32 2 312 07 30

Fax: +32 2 565 3403

Email: laura.falzone@bnpparibasfortis.com / 

bruxelles_bo_export_project_finance.cib@bnppa

ribasfortis.com

 

	
Danish Ship Finance A/S (Danmarks Skibskredit A/S)

	
Sankt Annae Plads 3,

DK-1250 Copenhagen K,

 Denmark

 

Tel: +45 33 33 93 33

 

Credit Matters:

 

Morten Müller

Sankt Annae Plads 3,

DK-1250 Copenhagen K,

 Denmark

 

Tel: +45 33 33 93 33

Fax: +45 33 33 96 66

Email: mul@shipfinance.dk

 

Operations/Administrations:

 

Morten Müller / Winni Udbye Madsen, Loan Admin

Sankt Annae Plads 3,

DK-1250 Copenhagen K,

 Denmark

 

Tel: +45 33 33 93 33

Email: mul@shipfinance.dk / 

wum@shipfinance.dk / 

loanadmin@shipfinance.dk

 

	
DNB Bank ASA

	
8th Floor, The Walbrook Building

 25 Walbrook,

London, EC4N 8AF

 UK

Tel +44 207 621 1111

  

Credit Matters:

Hugues Calmet

Tel: +44 207 621 6116

Fax +44 207 283 6931

Email: hugues.calmet@dnb.no

 

Operations/Administrations:

 

Sarah Sanders

11

	
Lender

	
Lending Office

 

	 	
Tel: +44 207 621 6092

Email: sarah.sanders@dnb.no

 

	
ING Bank N.V.

	
Bijlmerplein 888

1000BV

Amsterdam

 The Netherlands

 

Tel: +31 20 56 39102

 

Credit Matters:

 

H.Schuil

AMPD06.007

Bijlmerplein 888

1000 BV

Amsterdam

 The Netherlands

 

Tel: +31 20 56 39102

Fax: +31 20 56 58211

Email: harry.schuil@ingbank.com

 

Operations/administrations:

 

C.D. van der Laan / L.R.M. Wester

Tel: +31 20 576 8152 / +31 20 576 0234

Email: execution.sf.team1@ingbank.com

 

	
KBC Bank NV

	
Havenlaan 2

1080 Brussels

Belgium

 

Credit Matters:

Koen Sruyf / Dennis Ideler

Tel: +32 3 202 90 81 / +32 3 202 92 33

Fax: +32 3 202 92 72

Email: koen.struyf@kbc.be / 

dennis.ideler@kbc.be

 

Operations / Administrations:

Tamara Demarrez / Guido Lenaerts

 

Tel: +32 2 429 08 20 / +32 2 429 42 76

Email: creditadmin.br2@kbc.be

 

	
Nordea Bank Norge ASA

	
Essendrops gate 7,

NO-0107, Oslo,

Norway

 

Credit Matters:

 

Tel: +47 22 48 50 00

Fax: +47 22 48 66 68

 Attn: Shipping, Offshore and Oil Services

 

Administration Matters:

 

Tel: (47) 22 48 50 00

 Fax: (47) 22 48 42 78

 

 

12

	
Lender

	
Lending Office

 

	 	
Attn: International Loan Administration

 

	
Scotiabank Europe plc

	
201 Bishopsgate, 6th Floor,

London EC2M 3NS,

United Kingdom

 

Tel: +44 20 7638 5644

 

Credit Matters:

 

Matt Tuskin/ Julien Poisson

Tel: +44 207 826 5605/+44 207 826 5719

Fax: +44 207 638 8488

Email: matt.tuskin@scotiabank.com /

 julien.poisson@scotiabank.com

 

Operations / Administrations:

 

Tony Sposato / Savi Rampat

Tel: +44 207 826 5660

Fax: +44 207 826 5666

Email: tony.sposato@scotiabank.com / 

savi.rampat@scotiabank.com / 

gwsloansops.uk.gtb@scotiabank.com

 

	
Skandinaviska Enskilda Banken AB (publ)

	
SE-106 40 Stockholm,

 Sweden

 

Tel: +46 7 71 62 10 00

 

Credit Matters:

 

Egil Aarrestad / Trine von Erpecom

P.O. Box 1843, Vika,

Filipstad Brygge 1

NO-0123 Oslo

 Norway

 

Tel: +47 22827021 / +47 22827008

Email: egil.aarrestad@seb.no / 

trine.von-erpecom@seb.no

 

Operations / Administrations:

 

Structured Credits Operations

 Risneleden 110, 106 40, Stockholm, Sweden

 

Tel: +46-8-7638141

Email: sco@seb.se

13

SCHEDULE 2

 SWAP BANKS

	
Swap Bank

	
Booking Office

 

	
Belfius Bank SA/NV

	
Pachecolaan 44,

1000 Brussels,

 Belgium

 

Tel: +32 2 222 11 11

Credit Matters:

Mr Koen Vinck

Pachecolaan 44, PA 04/02

1000 Brussels,

 Belgium

Tel: +32 2 222 38 47

Fax: +32 2 222 23 11

Email: koen.vinck@belfius.be

 

	 	
Mr Bart Ferrand

Pachecolaan 44,

PA 04/02

1000 Brussels,

 Belgium

Tel: +32 2 222 20 58

Fax: +32 2 222 23 11

Email: bart.ferrand@belfius.be

 

	 	
Operations / Administrations

Mr Niek Poppe / Mrs Katrien De Schepper

Pachecolaan 44,

RT 20/03

1000 Brussels,

 Belgium

Tel: +32 2 222 76 20 / +32 2 222 20 69

Fax: 32 2 222 79 80

Email: nikolas.poppe@belfius.be / katrien.deschepper@belfius.be

14

	
DNB Bank ASA

	
8th Floor, The Walbrook Building

 25 Walbrook,

London EC4N 8AF

 UK

Tel +44 207 621 1111

Fax +44 207 626 5956

  

Attn: Shipping, Offshore & Logistics Department

 

	
ING Bank N.V.

	
ING Commercial Banking/Financial Markets

Avenue Marnix 24

B-1000 Brussels

 Belgium

Tel. +32 2 557 15 71

Fax +32 2 557 19 72

Attn: Kurt Lemaire

 

	
KBC Bank NV

	
Havenlaan 2

1080 Brussels

 Belgium

Attn: Mr. Joris Vermeulen

Tel: +32 2 417 49 61

 

	
Nordea Bank Finland Plc

	
Satamaradankatu 5,

FI-00020 NORDEA,

Finland.

 

	
Scotiabank Europe plc

	
201 Bishopsgate, 6th Floor,

London EC2M 3NS,

 United Kingdom

Tel: +44 20 7638 5644

 

	
Scotiabank Europe plc

	
Credit Matters:

Matt Tuskin /Julien Poisson

Tel: +44 207 826 5605/+44 207 826 5719

Fax: +44 207 638 8488

Email: matt.tuskin@scotiabank.com / julien.poisson@scotiabank.com

15

	 	
Operations / Administrations:

Tony Sposato / Savi Rampat

Tel: +44 207 826 5660

Fax: +44 207 826 5666

Email: tony.sposato@scotiabank.com / savi.rampat@scotiabank.com / 

gwsloansops.uk.gtb@scotiabank.com

 

	
Skandinaviska Enskilda Banken AB (publ)

	
Kungstradgardsgatan  8

SE-106 40 Stockholm

 Sweden

Credit Matters:

Tel: +47 22 82 70 21

Attn: Egil Aarrestad

Administration Matters:

Tel: +46 8 763 8551

 Fax: +46 8 611 0384

Attn: Structured Credits Operations

 

16

EXECUTION PAGES

	
BORROWERS

 

SIGNED by An Goris,

Attorney-in-Fact

for and on behalf of:

EURONAV SHPPING NV

in the presence of: Roeland Neyrink

	
 

 

)

)

)

)

 )

	
 

 

/s/An Goris

An Goris

 

/s/Roeland Neyrinck

Roeland Neyrink

		 	
	 	 	 
	
SIGNED by An Goris,

Attorney-in-fact

for and on behalf of:

EURONAV TANKERS NV

in the presence of:

	
)

)

)

)

 )

	
/s/An Goris

An Goris

 

/s/Roeland Neyrinck

Roeland Neyrink

		 	
	 	 	 
	
GUARANTOR

 

SIGNED by An Goris,

Attorney-in-fact

for and on behalf of:

EURONAV NV

in the presence of: Roeland Neyrinck

	
 

 

)

)

)

)

 )

	
 

 

/s/An Goris

An Goris

 

/s/Roeland Neyrinck

Roeland Neyrink

		 	
	 	 	 
	
LENDERS

 

SIGNED by

 

for and on behalf of:

ABN AMRO BANK N.V.

in the presence of:

	
 

 

)

)

)

)

 )

	 
		 	
		 	
		 	
	 	 	 
	
SIGNED by

 

for and on behalf of:

BELFIUS BANK SA/NV

in the presence of:

	
)

 )

)

)

 )

	 

		 	
	 	 	 

 

	
BORROWERS

 

SIGNED by An Goris,

Attorney-in-Fact

for and on behalf of:

EURONAV SHPPING NV

in the presence of: Roeland Neyrink

	
 

 

)

)

)

)

 )

	
 

 

/s/An Goris

An Goris

 

/s/Roeland Neyrinck

Roeland Neyrink

		 	
	 	 	 
	
SIGNED by An Goris,

Attorney-in-fact

for and on behalf of:

EURONAV TANKERS NV

in the presence of:

	
)

)

)

)

 )

	
/s/An Goris

An Goris

 

/s/Roeland Neyrinck

Roeland Neyrink

		 	
	 	 	 
	
GUARANTOR

 

SIGNED by An Goris,

Attorney-in-fact

for and on behalf of:

EURONAV NV

in the presence of: Roeland Neyrinck

	
 

 

)

)

)

)

 )

	
 

 

/s/An Goris

An Goris

 

/s/Roeland Neyrinck

Roeland Neyrink

		 	
	 	 	 
	
LENDERS

 

SIGNED by

 

for and on behalf of:

ABN AMRO BANK N.V.

in the presence of:

	
 

 

)

)

)

)

 )

	
 

 

/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

		 	
	 	 	 
	
SIGNED by

 

for and on behalf of:

BELFIUS BANK SA/NV

in the presence of:

	
)

 )

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

		 	

 

 

	
SIGNED by

 

for and on behalf of:

BNP PARIBAS FORTIS SA/NV

in the presence of:

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

		 	
	 	 	 
	
SIGNED by

 

for and on behalf of:

DANISH SHIP FINANCE A/S

(DANMARKS SKIBSKREDIT A/S)

in the presence of:

	
)

)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

		 	
	 	 	 
	
SIGNED by

 

for and on behalf of:

DNB BANK ASA

in the presence of:

	
)

 )

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

 
	 	 	 
	 	 	 
	
SIGNED by

 

for and on behalf of:

ING BANK N.V.

in the presence of:

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

	 	 	 

 

	 	 	 
	
SIGNED by

 

for and on behalf of:

KBC BANK NV

in the presence of:

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

	 	 	 
	 	 	 

	
SIGNED by

 

for and on behalf of:

NORDEA BANK NORGE ASA

in the presence of:

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

		 	

 

 

 

 

 

	
SIGNED by

 

for and on behalf of:

SCOTIABANK EUROPE PLC

in the presence of:

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

		 	
	 	 	 
	
SIGNED by

 

for and on behalf of:

SKANDINAVISKA ENSKILDA BANKEN

AB (PUBL)

in the presence of:

	
)

 )

)

)

 )

)

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

		 	
	 	 	 
	
SWAP BANKS

 

	 	 
	
SIGNED by

 

for and on behalf of:

BELFIUS BANK SA/NV

in the presence of:

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

		 	
	 	 	 
	
SIGNED by

 

for and on behalf of:

DNB BANK ASA

in the presence of:

	
)

 )

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

		 	

	
SIGNED by

 

for and on behalf of:

ING BANK N.V.

in the presence of:

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

	 	 	 

 

	 	 	 
	
SIGNED by

 

for and on behalf of:

KBC BANK NV

in the presence of:

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

	 	 	 

 

 

 

 

	 	 	 

	
SIGNED by

 

for and on behalf of:

NORDEA BANK FINLAND PLC

in the presence of:

SIGNED by

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

		 	

	
SIGNED by

 

for and on behalf of:

SCOTIABANK EUROPE PLC

in the presence of:

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

		 	
	 	 	 
	
SIGNED by

 

for and on behalf of:

SKANDINAVISKA ENSKILDA BANKEN

AB (PUBL)

in the presence of:

	
)

 )

)

)

 )

)

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

	 	 	 
	 	 	 
	
AGENT

 

	 	 

	
SIGNED by

 

for and on behalf of:

NORDEA BANK NORGE ASA

in the presence of:

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

	 	 	 
	
SECURITY TRUSTEE

 

	 	 

	
SIGNED by

 

for and on behalf of:

NORDEA BANK NORGE ASA

in the presence of:

	
)

)

)

)

 )

	
/s/Joanna Goode

Joanna Goode

Attorney-in-Fact

 

/s/Mark Masson

Mark Masson

Trainee Solicitor

London EC2A 2HB

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}]]