Document:

EX-4.37

 Exhibit 4.37 

DATED 16 OCTOBER 2018 

Global Ship Lease Services Limited 

and 
 Thomas A. Lister 

AMENDED AND RESTATED SERVICE AGREEMENT 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 1.
	 	INTERPRETATION	  	 	1	 
	 2.
	 	APPOINTMENT	  	 	4	 
	 3.
	 	TERM AND NOTICE	  	 	5	 
	 4.
	 	DUTIES	  	 	5	 
	 5.
	 	SALARY	  	 	7	 
	 6.
	 	EXPENSES	  	 	7	 
	 7.
	 	BONUS SCHEME	  	 	8	 
	 8.
	 	SHARE SCHEMES	  	 	8	 
	 9.
	 	HEALTH, LIFE AND MEDICAL INSURANCE	  	 	9	 
	 10.
	 	ILLNESS	  	 	9	 
	 11.
	 	HOLIDAYS	  	 	10	 
	 12.
	 	OTHER BUSINESS INTERESTS	  	 	10	 
	 13.
	 	CONFIDENTIAL AND BUSINESS INFORMATION	  	 	11	 
	 14.
	 	DATA PROTECTION	  	 	12	 
	 15.
	 	NON COMPETITION	  	 	13	 
	 16.
	 	CHANGE IN CONTROL AND MATERIAL TRANSACTIONS	  	 	16	 
	 17.
	 	SUMMARY TERMINATION	  	 	21	 
	 18.
	 	INVENTIONS AND IMPROVEMENTS	  	 	23	 
	 19.
	 	RESIGNATION OF OFFICES	  	 	26	 
	 20.
	 	GRIEVANCE AND DISCIPLINARY PROCEDURE	  	 	26	 
	 21.
	 	GENERAL	  	 	27	 
	 22.
	 	NOTICES	  	 	28	 
	 23.
	 	EXTENT AND SUBSISTENCE OF AGREEMENT	  	 	28	 
	 24.
	 	GOVERNING LAW AND JURISDICTION	  	 	28	 

  

  
 i 

 SERVICE AGREEMENT 

 

					
	DATE	  		  	October 16 2018

 PARTIES 
  

	(1)	 GLOBAL SHIP LEASE SERVICES LIMITED (registered no. 06285694) whose registered office is at 150
Aldersgate Street, London EC1A 4AB, United Kingdom (“the Company”); and 

  

	(2)	 THOMAS A. LISTER of 49 Devonshire Road, Chiswick, London, W4 2HU (“the Executive”).

 WHEREAS The Company has offered to provide services to Global Ship Lease, Inc. a company incorporated and registered in the
Republic of the Marshall Islands (the “Client”) under the Services Memorandum. 
 WHEREAS The Executive has agreed as an employee of the
Company to oversee and participate in the provision of the services and, in particular, to act as Chief Financial Officer and Chief Commercial Officer of the Client on the terms of this Agreement. 

WHEREAS The Client is party to the Agreement and Plan of Merger, dated as of March 21, 2008, by and among Marathon Acquisition Corp., GSL
Holdings, Inc., CMA CGM S.A. and the Client (the “Merger Agreement”). 
 WHEREAS 

 

	(A)	 The Executive and the Company entered into a service agreement dated 14 August 2008 which was re-executed as a deed on 1 December 2008 and was further amended by Deeds of Amendment dated 20 November 2013 and 6 March 2017 (“the Deeds of Amendment”). An Amended and Restated
Service Agreement was entered into on 1 June 2018. 

  

	(B)	 The Executive and the Company have agreed that certain further amendments be made to the Service Agreement by
way of this Amended and Restated Service Agreement (“the Agreement”) with effect from 1 October 2018. 

OPERATIVE PROVISIONS 
  

	1.	 INTERPRETATION 

 

	 	1.1	 In this Agreement the following words and expressions shall have the following meanings: 

“the Board” means the board of directors of the Company; 

“Change in Control Transaction” means the consummation, following the date of the Merger, of any of the following
transactions: 

  
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	 	a.	 the acquisition, directly or indirectly, by any individual, partnership, firm, company, association, trust,
unincorporated organization or other entity (a “Person”), or any Persons acting as a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (other
than the Client or a person that directly or indirectly controls, is controlled by, or is under common control with, the Client) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act)
of securities of the Client representing more than 50% of the total combined voting power of the Client’s then outstanding securities entitled to vote in the election of the directors of the Client (the “Voting Shares”);

  

	 	b.	 the Client disposing of all or substantially all of its assets; 

 

	 	c.	 10% or more of the value of the assets of the Client, or the Voting Shares of the Client are about to be
transferred, or have been transferred, because of any taking, seizure, or defeasance as a result of, or in connection with (i) nationalization, expropriation, confiscation, coercion, force or duress, or other similar action under the laws of
the Republic of the Marshall Islands, or (ii) the imposition by the Republic of the Marshall Islands of a confiscatory tax, assessment, or other governmental charge or levy; 

 

	 	d.	 the merger of the Client with or into another corporation in which securities possessing more than 50% of the
total combined voting power of the Client are transferred to a person or persons different from the persons holding those securities immediately prior to such transaction; or 

 

	 	e.	 the Client Board by resolution duly adopted by the affirmative vote of a simple majority of the votes cast by
the Client Board determines that for the purposes of this Agreement, a Change in Control Transaction has occurred; or 

  

	 	f.	 there is a change in boardroom control of the Client. A change in boardroom control for the purpose of this
clause shall mean a change in the directors of the board of the Client such that the majority of directors of the Client Board following such change are directors who were not directors at 20 November 2013. 

A transaction shall not constitute a Change in Control Transaction if its sole purpose is to change the state of the Client’s
incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Client’s securities immediately before such transactions. 

“Client” means Global Ship Lease, Inc. 

“Client Board” means the board of directors of the Client as from time to time constituted or any duly appointed committee of
the Client Board. 

  
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 “Completion of the Transition” means, provided that the
Poseidon Merger is completed, the date of the substantive completion of the transfer of the accounting, finance and other administrative services performed as of the date of this Agreement by the Company’s employees at the principal
administrative office in London to a new jurisdiction with such date being determined, inter alia, by the earliest date on which (i) the employment of the last but one of the five employees, as of the date of this Deed, within the finance
department in London terminates or, (ii) the Client’s last quarterly earnings release which contains financial information prepared in London is issued or, (iii) the last monthly management accounts are prepared in London or,
(iv) the early termination of the lease of the offices at Portland House, Stag Place, London SW1E 5RS or otherwise a date determined by the Board or the Client Board, acting reasonably, such date to be confirmed in writing by the Company to the
Executive. 
 “Good Reason” means the assignment to the Executive by the Company (including an assignment requested to be
made by the Client pursuant to the Services Memorandum) of any duties or responsibilities inconsistent with (i) the Executive’s position, (ii) his actual responsibilities or (iii) the actual content and/or status and/or size of
the role (all as at the date of this Agreement), including but not limited to, any change in title the effect of which results in the Executive having a lesser status than Chief Financial Officer and Chief Commercial Officer, a reduction in the
Executive’s base salary or any change in location of the Company’s principal administrative office or the Executive’s normal place of work to be outside of England, Wales or Scotland. 

“Group Company” means the Client, any company of which it is a subsidiary (its holding company) and any other subsidiaries of
the Client or such holding company, other than the Company (as such expressions are defined in sections 258, 259 and 736 Companies Act 1985, an enactment of the United Kingdoms of England and Wales). 

“Material Transaction” means any merger or acquisition (which is not a Change of Control Transaction) which is determined by
the Board acting reasonably and in good faith to be a material merger or acquisition having a material impact on the ownership structure of the Group (meaning the Company and the Group Companies); 

“Merger” means the consummation of the merger contemplated under the Merger Agreement. 

“Poseidon Merger” means the mergers contemplated by an Agreement and Plan of Merger, anticipated to be completed by the end
of 2018, among Poseidon Containers Holdings LLC, K&T Marine LLC, Global Ship Lease, Inc. and the other parties named therein which, if it completes, will constitute a Change in Control Transaction for the purposes of this Agreement. 

  
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 “Relevant Stock Exchange” means the New York Stock Exchange and/or any
other stock exchange, recognised investment exchange or automated quotation system on which any Group Company or any of their securities, as applicable, is listed, dealt in or admitted for trading; 

“Services Memorandum” means the Memorandum of Agreement for Intra-group Management Services between the Company and the
Client. 
 “Stock Incentive Plan” means the Stock Incentive Plan of the Client. 

“Subsidiary Company” means any Group Company other than the Client. 

“Termination Date” means the date of the termination of the employment of the Executive hereunder, howsoever caused. 

 

	 	1.2	 In this Agreement (unless the context otherwise requires): 

 

	 	(A)	 any reference to any statute or statutory provision shall be construed as including a reference to any
modification, re-enactment or extension of such statute or statutory provision for the time being in force or to any subordinate legislation made under the same; 

 

	 	(B)	 any reference to a clause is to a clause of this Agreement; 

 

	 	(C)	 the expression “directly or indirectly” means (without prejudice to the generality of the
expression) either alone or jointly with or on behalf of any other person, firm or body corporate and whether on his own account or in partnership with another or others or as the holder of any interest in or as officer, employee or agent of or
consultant to any other person, firm or body corporate. 

  

	 	1.3	 The headings contained in this Agreement are for convenience only and do not form part of and shall not affect
the construction of this Agreement or any part of it. 

  

	2.	 APPOINTMENT 

  

	 	2.1	 The Company hereby appoints the Executive and the Executive agrees to serve the Company as director and Chief
Financial Officer and Chief Commercial Officer. Under the terms of the Services Memorandum the Company has agreed to provide Chief Financial Officer and Chief Commercial Officer services to the Client and the Executive has agreed to serve the
Company in that capacity. 

  

	 	2.2	 The Executive warrants that by virtue of entering into this Agreement he will not be in breach of any express
or implied terms of any contract with or of any other obligation to any third party which are binding upon him. 

  
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	3.	 TERM AND NOTICE 

 

	 	3.1	 The terms of this Agreement and the provision of services to the Company during the course of the
Executive’s employment by the Company shall commence on the date of the initial closing of the Merger and, subject to the provisions of clause 17, continue thereafter unless and until terminated by: 

 

	 	(A)	 subject to clause 16.1(C)(ii), the Company giving to the Executive not less than 9 months’ written notice;
or 

  

	 	(B)	 subject to clauses 16.1(A), 16.1 (C)(ii) and 16.2(A), the Executive giving to the Company not less than 6
months’ written notice. 

  

	 	3.2	 For the purposes of the Employment Rights Act 1996, the Executive’s period of continuous employment with
the Company commenced on 23 January 2008. 

  

	 	3.3	 The Company reserves the right at any time, in its absolute discretion, to terminate the Executive’s
employment by paying to the Executive a sum equal to his salary and contractual benefits for the relevant period of notice, such sum to be subject to deductions for income tax and National Insurance Contributions as appropriate.

  

	4.	 DUTIES 

  

	 	4.1	 The Executive shall during the continuance of his employment: 

 

	 	(A)	 exercise such powers and perform such duties in relation to the business of the Company or of any Subsidiary
Company as may from time to time be vested in or assigned to him by the Board; 

  

	 	(B)	 well and faithfully serve the Company and any relevant Subsidiary Companies and the Client to the best of his
ability and carry out his duties with all due care, skill and ability, and use his best endeavours to promote and maintain their interests and reputation; 

  

	 	(C)	 if so requested by the Board, remain or become a director of the Company and remain in such capacity without
any additional remuneration; and 

  

	 	(D)	 if so requested by the Board, exercise such powers and perform such duties in relation to the business of the
Client as shall be exercisable, or required to be performed, by the Company under the terms of the Services Memorandum. 

  

	 	4.2	 The Executive will serve the Company and any Subsidiary Company in such capacity as the Board shall determine
from time to time. In performance of his duties the Executive shall: 

  
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	 	(A)	 work normal office hours of 9 am to 5 pm together with such additional hours as are necessary for the proper
performance of his duties and the parties acknowledge for the purposes of the Working Time Regulations 1998 that the Executive is a managing executive with autonomous decision making powers; 

 

	 	(B)	 perform his duties in London, England or at such other location within England, Wales or Scotland as the
position of the Executive shall reasonably require, whether on a permanent or temporary basis; 

  

	 	(C)	 devote the whole of his working time, skill, ability and attention to the business of the Company and, as
required by sub-clause (G) below, the Client; 

  

	 	(D)	 in all respects conform to and comply with lawful directions and regulations given and made by the Board;

  

	 	(E)	 in all respects conform to and comply with all relevant rules and/or codes issued by or on behalf of any
Relevant Stock Exchange; 

  

	 	(F)	 travel to such places (whether inside or outside the United Kingdom) in such manner and on such occasions and
for such periods as the position of the Executive may from time to time reasonably require; and 

  

	 	(G)	 unless the Client requires the Company pursuant to the Services Memorandum to cause the Executive to cease to
provide services and otherwise for so long as the Board may require, serve the Client as Chief Financial Officer and Chief Commercial Officer pursuant to and subject to the terms of the Services Memorandum and in that capacity the Executive shall in
all respects conform to and comply with all and any lawful directions and regulations given and made by the Client Board. 

  

	 	4.3	 The Executive shall promptly disclose forthwith to the Board any and all information he has or acquires which
relates or may relate to the business or any potential business of the Company or any Group Company. 

  

	 	4.4	 The Executive shall immediately upon the Company’s request supply any and all information which the
Company or any Group Company may reasonably require in order to be able to comply with any statutory or regulatory provision or stock exchange rule or requirement of any Relevant Stock Exchange. 

 

	 	4.5	 The Executive shall not undertake or purport to undertake any transactions on behalf of the Client or any Group
Company other than in the course of providing services pursuant to and in accordance with the Services Memorandum (or other similar agreement between the Company and any Group Company) and, for the avoidance of doubt, the Executive shall not
otherwise, without the prior express written authority of the Board; 

  
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	 	(A)	 incur any expenditure in the name of or for the account of the Client or any Group Company;

  

	 	(B)	 hold himself out as having authority to bind the Client or any Group Company. 

 

	 	4.6	 The Executive shall comply with the Client’s or any Group Company’s health and safety procedure from
time to time in force. 

  

	5.	 SALARY 

  

	 	5.1	 The Company shall pay to the Executive by way of remuneration for his services under this Agreement a basic
salary of £230,000 per annum (inclusive of any director’s fees payable to him by the Company or any Group Company) which shall accrue from day to day and shall be payable in arrears by equal monthly installments on or about the 1st day of
every month (or pro rata where the Executive is only employed during part of a month). 

  

	 	5.2	 Such salary shall be reviewed by (with the outcome of such review being at the absolute discretion of) the
Board (or if appropriate the remuneration committee thereof) on or about 1 January in each calendar year with the first such review to take place as at 1 January 2019 without commitment to increase. 

 

	 	5.3	 The Company shall be entitled to deduct from any sums payable to the Executive (including salary):

  

	 	(A)	 all sums from time to time owed by the Executive to the Company or to any Group Company howsoever arising;

  

	 	(B)	 all appropriate deductions for income tax, employee national insurance contributions and all other statutory
deductions due in respect of his salary and any other benefits provided to him by the Company or any Group Company; and 

  

	 	(C)	 such sums as the Executive notifies the Company in writing to pay directly into any personal pension scheme of
the Executive. 

  

	6.	 EXPENSES 

The Company shall reimburse the Executive all reasonable travelling, hotel, entertainment and other out of pocket expenses properly incurred by
him in or about the performance of his duties under this Agreement subject to his compliance with the Company’s then current guidelines, if any, relating to expenses and to the production, if required, of receipts, vouchers or other supporting
documents. 

  
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	7.	 BONUS SCHEME 

  

	7.1	 The Executive will be entitled to participate in any contractual bonus scheme or schemes established from time
to time by the Company for executives of equivalent status to the Executive, subject always to the rules of those schemes. The Executive may from time to time receive a bonus payment up to an annual maximum of 40% of the Executive’s basic
salary as set out in clause 5.1 above based on achievement of objectives to be agreed between the Executive and the Company from time to time. The payment and amount of any payment (within the 40% of basic salary threshold) is at the Company’s
absolute discretion. A payment at any particular time will not create any entitlement to or expectation of any future payment or the amount of any future payment. Save in the case of any accrued bonus under any bonus scheme in which the Executive is
participating, the Executive will not be entitled to receive any such bonus payment if, at the date the bonus payment under the bonus scheme would ordinarily be made, he is not employed by the Company or if the Executive has served notice to
terminate his employment without Good Reason (as defined above). 

  

	7.2	 The Executive shall also be entitled to receive a special transaction bonus equal to six months’ bonus at
the maximum percentage such amount to be paid in the payroll immediately following the completion of the Poseidon Merger less usual deductions (the Transaction Bonus), provided always that on the date for payment the Executive has not
given notice to terminate his employment with the Company (whether on notice or with immediate effect) and the Company has not given notice to terminate the Executive’s employment pursuant to clause 17.1 (in which case the Executive shall have
no entitlement to the same). This bonus is additional to annual bonus and shall not be taken into account for the purpose of calculating pension contributions or any other salary-linked benefits. If the Poseidon Merger does not complete then the
Transaction Bonus shall not be payable. 

  

	7.3	 The Company agrees and confirms that in the event that the Poseidon Merger completes and completion is within
2018, the bonus amount payable to the Executive for the first three quarters of 2018 shall be calculated at the maximum percentage, such amount to paid in the payroll immediately following the completion of the Poseidon Merger less usual deductions,
provided always that on the date for payment the Executive has not given notice to terminate his employment with the Company (whether on notice or with immediate effect) and the Company has not given notice to terminate the Executive’s
employment pursuant to clause 17.1 (in which case the Executive shall have no entitlement to the same). The bonus amount payable for the final quarter of 2018 would be a matter for determination in 2019 by the then Board of the Company.

  

	8.	 SHARE SCHEMES 

The Executive will be entitled to participate in such share schemes as the Client may operate upon such terms as the Board may from time to
time determine and subject always to the rules and eligibility requirements of the scheme or schemes from time to time in force. 

  
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	9.	 HEALTH, LIFE AND MEDICAL INSURANCE 

 

	 	9.1	 The Executive shall during his employment be entitled to participate in the Company’s:

  

	 	(A)	 permanent health insurance scheme; and 

 

	 	(B)	 arrangements for private medical treatment or medical health insurance including spouse or partner or anyone
living as such and dependent children under the age of 21 years; and 

  

	 	(C)	 life assurance 

(together “Insurance Schemes”) operated from time to time by or for the Company for the benefit of employees of the Company or
any Group Company of equivalent status to the Executive, subject to any applicable rules and conditions of the Insurance Schemes. To the extent that there is any disparity between the rules and conditions of the relevant Insurance Scheme and the
terms of this Agreement the relevant scheme rules and conditions shall take precedence. The Company shall not have any liability to pay any benefit to the Executive (or any family member) under any Insurance Scheme unless it receives payment of the
benefit from the insurer under the scheme and shall not be responsible for providing the Executive (or any family member) with any benefit under an Insurance Scheme in the event that the relevant insurer refuses for whatever reason to pay or provide
or to continue to pay or provide that benefit to the Executive (or family member). 
  

	 	9.2	 Any Insurance Scheme which is provided for the Executive is also subject to the Company’s right to alter
the cover provided or any term of that scheme or to cease to provide (without replacement) the scheme at any time if in the opinion of the Board (after the Executive has been examined by a medical practitioner nominated by the insurers or by the
Company) the state of health of the Executive is or becomes such that the Company is unable to insure the benefits under the scheme at the normal premiums applicable to a person of the Executive’s age. 

 

	9.3	 No contracting out certificate is in force in relation to this employment. 

 

	10.	 ILLNESS 

  

	 	10.1	 In the event of illness or other incapacity beyond his control as a result of which he is unable to perform his
duties the Executive shall remain entitled to receive his salary in full for any continuous period of 3 months or an aggregate period of 90 days’ absence in any consecutive twelve month period subject to: 

  
 9 

	 	(A)	 compliance with the Company’s procedures relating to sickness notification, statutory sick pay and
self-certification to cover absence from work due to sickness or other incapacity and to the provision of medical certificates and/or (at the Company’s discretion) undergoing a medical examination by a doctor appointed by the Company. The
Executive shall co-operate in ensuring the prompt delivery of such report to the Company and authorise his own medical practitioner to supply all such information as may be required by that doctor and, if so
requested by the Company, authorise his medical practitioner to disclose to the Company his opinion of the Executive’s state of health; 

  

	 	(B)	 a deduction (at the Company’s discretion) from his salary of an amount or amounts equal to any statutory
sick pay or social security benefits to which the Executive is entitled; and 

  

	 	(C)	 a deduction (at the Company’s discretion) from his salary of an amount or amounts equal to any payment
made to the Executive under any health insurance arrangements effected from time to time by the Company and/or any Group Company on his behalf. 

  

	11.	 HOLIDAYS 

  

	 	11.1	 The Executive shall be entitled to 25 working days’ holiday (in addition to the normal United Kingdom
public holidays) in each calendar year commencing on 1 January in each year (which shall accrue on a monthly basis). Holidays shall be taken at such times as are reasonable and convenient having regard to the requirements of the Company’s
business. 

  

	 	11.2	 If at the end of the calendar year the Executive has accrued holiday entitlement which he has not taken he
shall be entitled to carry forward an absolute maximum of up to 10 days into the following calendar year. 

  

	 	11.3	 The Company reserves the right, at its absolute discretion, to require the Executive to take any outstanding
holiday during any notice period. 

  

	 	11.4	 On termination of the Executive’s employment (howsoever occasioned), if the Executive has taken more or
less than his annual holiday entitlement an appropriate adjustment shall be made to any payment of salary or benefits from the Company to the Executive. In this event the calculation shall be made on the basis that each day of holiday is worth 1/260
of his basic salary as set out in clause 5.1. 

  

	12.	 OTHER BUSINESS INTERESTS 

 

	 	12.1	 The Executive shall not during the continuance of his employment (whether during or outside working hours)
without the prior consent in writing of the Board, be directly or indirectly engaged, concerned or interested in any business, profession or occupation other than the Company or any Group Company in accordance with the terms of this Agreement
provided that nothing in this clause 12 shall prohibit the Executive from being the holder of not more than three per cent. of any class of stock, shares or debentures or other securities in any company which is listed, dealt in and/or admitted for
trading on any stock exchange, recognised investment exchange or automated quotation system (‘Exchange’); or 

  
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	 	12.2	 The Executive shall not during the continuance of his employment (except with the prior written consent of the
Board) introduce to any other person, firm or company business of any kind which could appropriately be dealt with by the Company or any Group Company, nor shall he have any financial interest in or derive any financial benefit from any contracts
made by the Company or any Group Company with any third party. 

  

	13.	 CONFIDENTIAL AND BUSINESS INFORMATION 

 

	 	13.1	 In addition to and without prejudice to the Executive’s common law obligations to keep information secret,
the Executive shall not (except for the purpose of performing his duties hereunder or unless ordered to do so by a court of competent jurisdiction) either during his employment or after its termination directly or indirectly use, disclose or
communicate Confidential and Business Information and he shall use his best endeavours to prevent the improper use, disclosure or communication of Confidential and Business Information: 

 

	 	(A)	 concerning the business of the Company or any Group Company and which comes to the Executive’s attention
during the course of or in connection with his employment or provision of services to the Company or any Group Company from any source within the Company or any Group Company; or 

 

	 	(B)	 concerning the business of any person having dealings with the Company or any Group Company and which is
obtained in circumstances in which the Company or any Group Company is subject to a duty of confidentiality in relation to that information. 

  

	 	13.2	 For the purposes of clause 13.1, Confidential and Business Information means: 

 

	 	(A)	 any information of a confidential nature (whether trade secrets, other private or secret information including
secrets and information relating to corporate strategy, business development plans, product designs, intellectual property, business contacts, terms of business with customers and potential customers and/or suppliers, annual budgets, management
accounts and other financial information); and/or 

  

	 	(B)	 any confidential report or research undertaken by or for the Company or any Group Company before or during the
course of the Executive’s employment; and/or 

  
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	 	(C)	 lists or compilations of the names and contact details of the individuals or clients and counterparts with whom
the Company or any Group Company transacts business; and/or 

  

	 	(D)	 the previous 18 months’ financial results of any individual part of the business of the Company or any
Group Company; and/or 

  

	 	(E)	 details of all computer systems and/or data processing or analysis software developed by the Company or any
Group Company; and/or 

  

	 	(F)	 details of the requirements, financial standing, terms of business and dealings with any Company or Group
Company of any client of the Company or any Group Company; and/or 

  

	 	(G)	 contact details of all employees and directors of the Company or any Group Company together with details of
their remuneration and benefits; and/or 

  

	 	(H)	 information so designated by the Company or any Group Company or which to the Executive’s knowledge has
been supplied to the Company or any Group Company subject to any obligation of confidentiality. 

  

	 	13.3	 The restrictions contained in this clause 13 shall cease to apply with respect to any information which would
otherwise have been Confidential and Business Information but which comes into the public domain otherwise than through an unauthorised disclosure by the Executive or a third party. 

 

	 	13.4	 Notwithstanding the obligations and restrictions contained in this clause 13, nothing in this Agreement shall
operate to prevent the Executive making a “protected disclosure” pursuant to the Part IVA of the Employment Rights Act 1996. 

  

	 	13.5	 The obligations of the Executive under this clause 13 shall continue to apply after the termination of the
Executive’s employment (howsoever terminated). 

  

	14.	 DATA PROTECTION 

 

	 	14.1	 The Executive hereby acknowledges that: 

 

	 	(A)	 the Company will collect and process information about the Executive, such as the Executive’s name and
contact details as well as more sensitive information, for various purposes in connection with the Executive’s employment, including to manage benefits and payments, to manage expenses, to manage recruitment and
on-boarding, to manage absences, for security purposes, to handle claims and disciplinary actions, to monitor performance and use of the IT systems, to conduct certain background checks and to comply with the
Company’s legal obligations; 

  
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	 	(B)	 the Company will collect from the Executive and store personal data about the Executive’s next of kin,
such as their name and contact details, for use in emergency situations, and the Executive agrees that the Executive has informed such individuals that their details have been provided to the Company; 

 

	 	(C)	 the Company may pass the Executive’s information to third parties such as the Executive’s previous
employers, companies for which the Executive provided services, public authorities, law enforcement agencies, fraud prevention agencies and regulators who use it in connection with the purposes set out above. The Company may also pass the
Executive’s information to third party agents who handle it on behalf of the Company; and 

  

	 	(D)	 depending on the circumstances, the Company’s use of personal data may involve a transfer of data outside
the UK and the European Economic Area. 

  

	 	14.2	 The Company’s Privacy Notice gives more details of the personal information about the Executive and the
Executive’s next of kin that the Company collects and processes. The Executive confirms that the Executive has read the notice. The Privacy Notice does not form part of the terms and conditions of the Employment, and the Company reserves the
right to amend it from time to time and to update the uses of personal data listed above and in the Privacy Notice. 

  

	 	14.3	 The Executive shall comply with Company and Group Company policies relating to data privacy when handling
personal data in the course of the employment, including personal data relating to any employee, customer, client, supplier or agent of the Company. The Executive will also comply with the Company and Group Company policies from time to time in
place relating to IT and communications systems, use of social media and other policies as included from time to time. 

  

	 	14.4	 Failure to comply with Company and Group Company policies relating to data privacy or any of the policies
listed above in clause 14.3 may be dealt with under the Company’s disciplinary procedure and, in serious cases, may be treated as gross misconduct leading to summary dismissal. 

 

	15.	 NON COMPETITION 

 

	 	15.1	 For the purposes of this clause the following expressions shall have the following meanings:

  

	 	(A)	 “Relevant Employee” means any senior employee or consultant to the Company or any Group
Company who has significant client contacts and with whom the Executive has had significant contact during the course of his employment hereunder; 

  
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	 	(B)	 “Relevant Customer” means a person, firm or company who during the period of twelve months
immediately preceding the Termination Date conducted a business relationship (including, without limitation, the provision of services and the negotiation for the same) with the Company or any Group Company and with whom the Executive had
significant contact as an employee of the Company; 

  

	 	(C)	 “Relevant Business” means any business or part thereof howsoever carried on involving the
supply of Restricted Goods and/or Services; 

  

	 	(D)	 “Relevant Supplier” means any person firm or company who is or was at any time during the
twelve months preceding the Termination Date a supplier or procurer of goods and/or services to the Company or any Group Company as part of the trading activities within a Relevant Business; 

 

	 	(E)	 “Restricted Goods and/or Services” means any goods and/or services with the provision and/or
supply of which the Executive was materially concerned on behalf of the Company and/or any Group Company during the period of twelve months immediately prior to the Termination Date. 

 

	 	15.2	 In order to safeguard the legitimate business interests of the Company and any Group Company and particularly
the goodwill of the Company and any Group Company in connection with its clients, suppliers and employees the Executive hereby undertakes with the Company (for itself and as trustee for each Group Company) that, and so that each undertaking below
shall constitute an entirely separate, severable and independent obligation of the Executive, he will not (except with the prior written consent of the Company) directly or indirectly: 

 

	 	(A)	 during his employment or for a period of 6 months after the Termination Date entice or solicit or endeavour to
entice or solicit away from the Company or any Group Company any Relevant Employee; 

  

	 	(B)	 during his employment or for a period of 6 months after the Termination Date employ or otherwise engage any
Relevant Employee; 

  

	 	(C)	 during his employment or for a period of 3 months after the Termination Date in competition with the Company or
any Group Company endeavour to supply or solicit the custom of any Relevant Client in respect of Restricted Goods and/or Services; 

  

	 	(D)	 during his employment or for a period of 3 months after the Termination Date in competition with the Company or
any Group Company supply Restricted Goods and/or Services to any Relevant Customer; 

  
 14 

	 	(E)	 during his employment or for a period of 3 months after the Termination Date carry on or be concerned in any
Relevant Business in competition with the business of the Company or any Group Company; 

  

	 	(F)	 during his employment or for a period of 6 months after the Termination Date to the detriment of the Company or
any Group Company, persuade or endeavour to persuade any Relevant Supplier to cease doing business or materially reduce its business with the Company or any Group Company. 

For the avoidance of doubt, and notwithstanding the foregoing, the periods following the Termination Date during which the restrictions above
are expressed to apply shall commence on: (i) the date that any payment in lieu of notice is made under clause 3.3, or (ii) the date that any valid notice is served by the Executive to terminate his employment in the event of a Change in
Control Transaction under clause 16 or (iii) the date of summary termination under clause 17. 
  

	 	15.3	 For the purposes of clause 15.2 (E) the Executive is concerned in a business if (without limitation):-

  

	 	(A)	 he carries it on as principal or agent; or 

 

	 	(B)	 he is a partner, director, employee, secondee, consultant, investor, shareholder or agent in, of or to any
person who carries on the business; 

 disregarding only during the 3 month period after the Termination Date any
financial interest of a person in securities which are listed, dealt in and/or admitted for trading on any Relevant Stock Exchange, if that person, the Executive and any person connected with him are interested in securities which amount to less
than three per cent. of the issued securities of that class and which, in all circumstances, carry less than three per cent. of the voting rights (if any) attaching to the issued securities of that class. 

 

	 	15.4	 The Executive shall not (except with the prior written consent of the Company) at any time after the
termination of his employment represent himself to be connected with or interested in the business of or employed by the Company or any Group Company or use for any purpose the name of the Company or any Group Company or any name capable of
confusion therewith. 

  

	 	15.5	 The Executive shall not during his employment whether during or outside office hours undertake any steps of any
kind to promote or establish (or assist therein) any business which in the reasonable opinion of the Company is or is intended to be or may become in competition with any business operated by the Company or any Group Company. 

 

	 	15.6	 The Executive shall not at any time (whether during or after the termination of his employment) make whether
directly or indirectly any untrue, misleading or derogatory oral or written statement concerning the business, affairs, officers or employees of the Company or any Group Company. 

  
 15 

	 	15.7	 The Executive agrees to enter into the restrictions in this clause 15 in consideration for the Company agreeing
to employ him on the terms contained in this Agreement. 

  

	 	15.8	 While the restrictions in this clause 15 are considered by the Executive and the Company to be reasonable in
all the circumstances, it is recognised that such restrictions may fail for reasons unforeseen and, accordingly, it is hereby declared and agreed that if any of the restrictions shall be adjudged to be void as going beyond what is reasonable in all
the circumstances for the protection of the interests of the Company but that they would be valid if part of the wording thereof were deleted and/or if the periods (if any) specified therein were reduced and/or the areas dealt with thereby reduced
in scope, the said restrictions shall apply with such modifications as may be necessary to make them valid and effective. 

  

	16.	 CHANGE IN CONTROL AND MATERIAL TRANSACTIONS 

 

	 	16.1	 Following a Change in Control Transaction, if: 

 

	 	(A)	 circumstances amounting to Good Reason come into existence within a period of 2 years from the date of
completion of a Change of Control Transaction (other than completion of the Poseidon Merger) and the Executive serves 14 days’ written notice on the Company terminating his employment for that Good Reason within 90 days of that Good Reason
coming into existence (for the avoidance of doubt, the Executive shall have no rights under this clause 16.1(A) in connection with the Poseidon Merger including its completion); or 

 

	 	(B)	 the Executive’s employment is terminated by the Company or notice of termination of employment is served
by the Company either (i) within 6 months of the completion of a Change in Control Transaction (unless the Change in Control is the Poseidon Merger, in which case only limb (ii) shall apply) or (ii) if the Poseidon Merger is
completed, at any time up to the end of 90 days following the date falling on the earlier of (i) the Completion of the Transition and (ii) 12 months after the completion of the Poseidon Merger (save in either case where the Company terminates
the Executive’s employment pursuant to clause 17.1 or, subject to Clauses 20.2 and 20.3, for genuine and material poor-performance or misconduct reasons), 

the Executive will (subject to clauses 16.3, 16.4 and 16.5), be entitled to receive within 7 days of the Termination Date: 

  
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	 	(i)	 severance payment of an amount equal to 12 months’ salary and the cost to the Company of the provision of
contractual benefits to the Executive for 12 months; and 

  

	 	(ii)	 bonus in respect of the bonus year completed immediately prior to the bonus year in which the Termination Date
falls, calculated on the basis of the Executive’s maximum annual bonus percentage (unless a lower percentage has already been determined by the Company although in the event that the Poseidon Merger completes the provision of clause 7.3 shall
apply to the exclusion of this clause 16.1(B)(ii)) less any payments on account of the bonus for that previous year which have been paid to the Executive (and this payment will replace any outstanding entitlement to bonus in respect of that previous
bonus year); and 

  

	 	(iii)	 a pro-rated bonus (reflecting the portion of the bonus year that has
elapsed as at the Termination Date) in respect of the bonus year which is current at the Termination Date calculated on the basis of the Executive’s maximum annual bonus percentage (and this payment will replace any further entitlement to bonus
for that current year that the Executive may have under clause 7.1 of the Service Agreement), less any payments on account of the bonus for that current year which have been paid to the Executive; and 

 

	 	(iv)	 a further bonus payment calculated on the basis of the Executive’s maximum annual bonus percentage for a
full bonus year; and 

  

	 	(v)	 the Transaction Bonus, less any payments on account of the Transaction Bonus which have been paid to the
Executive; however 

 (should the Poseidon Merger be completed, the amounts provided for in sub-clauses (i) through (v) (inclusive) together comprise the “Retention Amount” and shall be payable to the Executive subject to and in accordance with clause 16.1.C) 

 

	 	(vi)	 less an amount equal to the sum of any Poseidon Payments on Account already paid to the Executive
as provided for in subclause 16.1(C)(i); and 

  

	 	(vii)	 the Company shall use reasonable endeavours to procure that (i) the Executive receives the full benefit of
any awards under the Stock Incentive Plan (including, without limitation, any acceleration of vesting or extension of the post-termination exercise term of the Executive’s awards as provided for in the applicable award agreement) and
(ii) he is treated as being a “Good Leaver” (as defined in the relevant scheme(s) and subject always to 

  
 17 

 
the rules and provisions of such scheme(s)) for the purposes of any other applicable bonus or incentive scheme (besides the Stock Incentive Plan) which is operated by the Company or any Group
Company from time to time and in which the Executive is participating as at the Termination Date and, for the avoidance of doubt, the provision of this Clause 16.1 (B) shall also apply in the event that the Poseidon Merger is completed as provided
for in Clause 16.1 (C). 
  

	 	(C)	 If the Poseidon Merger is completed: 

 

	 	(i)	 subject to Clause 16.4, the Executive shall receive a total gross amount of £375,660, in nine equal
monthly instalments of £41,740 payable in each payroll subsequent to the completion of the Poseidon Merger, less usual deductions, such gross amount being the “Poseidon Payments on Account”, provided always that
on the date for payment of each of the Poseidon Payments on Account the Executive has not resigned from the employment and has not lawfully been given notice of termination by the Company pursuant to Clause 17.1 or, subject to Clauses 20.2 and 20.3,
for genuine and material poor-performance or misconduct reasons; and 

  

	 	(ii)	 without prejudice to the Company’s ability at any time to terminate the Executive’s employment
pursuant to Clause 17.1 or, subject to Clauses 20.2 and 20.3, for genuine and material poor-performance or misconduct reasons, the Executive and the Company may elect to terminate the employment by serving one month’s written notice on the
other (save where the employment is terminated by the Company pursuant to clause 17.1) at any time within the 90 days following the date falling on the earlier of (a) the Completion of the Transition and (b) 12 months after the completion of
the Poseidon Merger; and 

  

	 	(iii)	 where the employment is terminated pursuant to Clause 16.1(C)(ii) and the Executive is not required to work out
the one month’s notice period then, subject to Clause 16.4, the Executive shall receive a payment in lieu of the one month notice period which shall be paid in addition to the Retention Amount payable in accordance with Clause 16.1.(B) above;
and 

  

	 	(iv)	 where the employment is terminated by the Company in accordance with Clause 16.1(B) but where the Executive has
already received some or all of the Poseidon Payments on Account then the amounts due to the Executive in accordance with Clause 16.1 shall be reduced by an amount equal to the sum of any Poseidon Payments on Account already paid to the Executive.

  
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 For the avoidance of doubt, it is confirmed that the Poseidon Payments on Account shall be
paid in addition to the Executive’s normal contractual salary and benefits. 
  

	 	16.2	 Following a Material Transaction which is completed on or before 1 June 2019, if:

  

	 	(A)	 circumstances amounting to Good Reason come into existence within a period of 2 years from the date of
completion of the Material Transaction and the Executive serves written notice on the Company terminating his employment for that Good Reason within 90 days of that Good Reason coming into existence (and in these circumstances the Executive shall be
entitled to terminate his employment on 14 days’ notice); or 

  

	 	(B)	 the Executive’s employment is terminated by the Company or notice of termination of employment is served
by the Company, in each case within 6 months of the completion of a Material Transaction (save where the Company terminates the Executive’s employment pursuant to clause 17.1 or for genuine and material poor performance or misconduct reasons),
the Executive will (subject to clauses 16.3, 16.4 and 16.5) be entitled to receive within 7 days of the Termination Date a severance payment of an amount equal to 12 months’ salary and the cost to the Company of the provision of contractual
benefits to the Executive for 12 months, bonus in respect of the bonus year completed immediately prior to the bonus year in which the Termination Date falls, calculated on the basis of the Executive’s maximum annual bonus percentage unless a
lower percentage has already been determined by the Company (less any bonus actually received by the Executive in respect of that previous bonus year, and this payment will replace any outstanding bonus entitlement to bonus in respect of that
previous bonus year), a pro-rated bonus (reflecting the portion of the bonus year that has elapsed as at the Termination Date) in respect of the bonus year which is current at the Termination Date calculated
on the basis of the Executive’s maximum bonus percentage (and this payment will replace any further entitlement to bonus that the Executive may have under clause 7), less any payments on account of the annual bonus, and a further bonus payment
calculated on the basis of the Executive’s maximum annual bonus for a full bonus year (without reduction), and the Company shall use reasonable endeavours to procure that (i) the Executive receives the full benefit of any awards under the
Stock Incentive Plan (including, without limitation, any acceleration of vesting or extension of the post-termination exercise term of the Executive’s awards as provided for in the applicable award agreement) and (ii) he is treated as
being a “Good Leaver” (as defined in the relevant scheme(s) and subject always to the rules and provisions of such scheme(s)) for the purposes of any other applicable bonus or incentive scheme (besides the Stock Incentive Plan) which is
operated by the Company or any Group Company from time to time and in which the Executive is participating as at the Termination Date. 

  
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	 	16.3	 Any severance payment payable under clause 16.1 and 16.2 shall be in addition to any salary paid to the
Executive during any part of his contractual notice period which he is required to work or during which he is placed on garden leave and any cost to the Company of the provision of contractual benefits provided to the Executive during that period,
but shall be reduced by an amount equal to any payment in lieu of notice made to the Executive pursuant to clause 3.3 (however for the avoidance of doubt, not pursuant to Clause 16.1(C)(iii)). 

 

	 	16.4	 The Company’s obligations under clauses 16.1 and 16.2 are subject to and conditional on:

  

	 	(A)	 where the Executive’s employment terminates or is to terminate, the Executive entering into, and complying
with the terms of, a statutory settlement agreement, together with a ACAS COT3 Form (“COT3”) waiving any residual claims not covered by the settlement agreement. Such agreements will be in a form satisfactory to the Company (acting
reasonably), which is expected to be similar to that annexed to this Deed (without prejudice to the Company’s right (acting reasonably) to require the Executive to enter into agreements in a different form but in the expectation that it remains
similar in content), pursuant to which the Executive will waive all claims that he may have against the Company or any Group Company, and any of its or their officers, trustees, directors, shareholders, employees or agents, including any claims
arising from his employment or its termination and any directorships or other offices and their termination. In circumstances where the Executive has received any Poseidon Payments on Account the Company will retain a right to require the repayment
of the same as a debt in the event that either: (i) the Executive fails to enter into the settlement agreement and COT3 in accordance with this Clause 16.4(A); and/or (ii) brings any claim against the Company or any Group Company or
Technomar Shipping Inc. (“Technomar”) or any of its or their officers, trustees, directors, shareholders, employees or agents, including any claims arising from his employment or its termination and any directorships or other
offices and their termination; and/or (iii) at any time prior to the payment of the final Poseidon Payment on Account, the Executive resigns from the employment or the Company lawfully determines that it is or has been entitled to give notice
to terminate the employment in accordance with Clause 17.1 or, subject to Clauses 20.2 and 20.3, for genuine and material poor-performance or misconduct reasons, and the Executive hereby authorises the Company to deduct from any outstanding amounts
due to the Executive (other than in respect of clauses 7.2, 7.3 or 16.1 (B) (ii) (v) and (vii)) an amount equal to any amount the Executive is required to 

  
 20 

 
repay under this clause, and no further instalments of the Poseidon Payments on Account and no Retention Amount shall be payable to the Executive. Further, in the event that the Executive fails
to enter into the settlement agreement and COT3 in accordance with this Clause 16.4(A) and brings any claim against the Company or any Group Company or Technomar or any of its or their officers, trustees, directors, shareholders, employees or
agents, including any claims arising from his employment or its termination and any directorships or other offices and their termination, the Executive hereby agrees that the relevant court or tribunal should reduce any sum(s) which it would
otherwise award to the Executive by £1 for each £1 received by the Executive by way of the Poseidon Payments on Account; and 
  

	 	(B)	 the Executive’s compliance with his material obligations under this Agreement (including, but not limited
to, his obligations under clauses 13 (CONFIDENTIAL AND BUSINESS INFORMATION) and 15 (NON COMPETITION)). In the event that the Executive commits any breach of such material obligations, the Company shall be released from its obligations under clauses
16.1 and 16.2 (other than in respect of clauses 7.2, 7.3, 16.1 (B) (ii), (v) or (vii)), and in the event that the Executive commits any such breach following receipt of any payment pursuant to clause 16.1 or 16.2, or the Company becomes aware of any
such breach following the Executive having received a payment under clause 16.1 or 16.2, an amount equal to the net payment made under clause 16.1 or 16.2 (other than in respect of amounts under clauses 7.2, 7.3, 16.1 (B) (ii) (v) or (vii))
(plus any tax deducted from such payment that the Executive is able to recover from HMRC) shall be immediately repayable by the Executive to the Company as a debt. Should the Poseidon Merger be completed, this
sub-clause shall not apply after 18 months following such completion. 

  

	 	16.5	 For the avoidance of doubt, if the Executive has received or is entitled to receive any payment pursuant to
clause 16.1 under no circumstances shall he have any entitlement to any payment under clause 16.2, and vice versa. Any amount payable under clause 16.1 or 16.2 shall be subject to deductions for income tax and National Insurance Contributions as
appropriate. 

  

	17.	 SUMMARY TERMINATION 

 

	 	17.1	 The employment of the Executive may be terminated by the Company without notice or payment in lieu of notice
if: 

  

	 	(A)	 the Executive is guilty of misconduct or commits any serious breach or
non-observance (and in the case of any misconduct, serious breach or non-observance which is capable of being remedied by the Executive, having been given notice in
writing and having failed to remedy the same within 7 days of such notice having been served) of any of the provisions of this Agreement or of his obligations to the Company or any Group Company

  
 21 

 
(whether under this Agreement or otherwise) or any lawful acts or directions of the Board or relevant rules and/or codes issued by or on behalf of any Relevant Stock Exchange or (having been
given notice in writing and having failed to remedy the same within 7 days of such notice having been served) is guilty of any continued or successive breaches or non-observance of any of such provisions,
obligations, acts or directions, rules and/or codes in spite of written warning to the contrary by the Board; 
  

	 	(B)	 the Executive is in the reasonable opinion of the Board negligent or incompetent in the performance of his
duties; 

  

	 	(C)	 the Executive is adjudged bankrupt or enters into any composition or arrangement with or for the benefit of his
creditors including a voluntary arrangement under the Insolvency Act of 1986; 

  

	 	(D)	 the Executive is guilty of any fraud or dishonesty or acts in any manner which in the reasonable opinion of the
Board brings or is likely to bring the Company or any Group Company into disrepute or is materially adverse to the interests of the Company or any Group Company; 

 

	 	(E)	 the Executive performs any act or omission which in the reasonable opinion of the Board may seriously damage
the interests of the Company or any Group Company or willfully or negligently breaches any legislation or any regulation to which the Company or Group Company may be subject which may result in any penalties being imposed on him or any Directors of
the Company or Group Company. 

  

	 	(F)	 the Executive becomes prohibited by law or is disqualified from being a director or officer of a company;

  

	 	(G)	 the Executive is convicted of any criminal offence by a court of competent jurisdiction (other than a minor
offence for which a fine or other non-custodial penalty is imposed); 

  

	 	(H)	 the Executive commits any act of deliberate discrimination or harassment on grounds of race, sex, disability,
sexual orientation, religion or belief or age; 

  

	 	(I)	 the Executive becomes of unsound mind or a patient for the purpose of any statute relating to mental health;

  

	 	(J)	 the Executive is convicted of an offence under the Criminal Justice Act 1993 (or the Financial Services
Authority becomes entitled to impose a penalty on the Executive pursuant to section 123 of the Financial Services and Markets Act 2000) or the Executive is otherwise convicted or found liable under any other present or future statutory enactment or
regulation relating to insider dealing and/or market abuse; 

  
 22 

	 	(K)	 the Executive resigns as a director or officer of the Company other than at the request of the Company;

  

	 	(L)	 the Client requires the Company to cause the Executive to cease providing services to it pursuant to clause 3.4
of the Services Memorandum; or 

  

	 	(M)	 the Executive commits any other act warranting summary termination at common law including (but not limited to)
any act justifying dismissal without notice in the terms of the Company’s generally-applicable Disciplinary Rules in place from time to time. 

  

	 	17.2	 Clause not used. 

  

	 	17.3	 The termination of the Executive’s employment hereunder for whatsoever reason shall not affect those terms
of this Agreement which are expressed to have effect after such termination and shall be without prejudice to any accrued rights or remedies of the parties. 

  

	 	17.4	 On the termination of the Executive’s employment either summarily or otherwise, or at any other time in
accordance with instructions given to him by the Board, the Executive will immediately return to the Company all equipment, correspondence, records, specifications, software, models, notes, reports and other documents and any copies thereof and any
other property belonging to the Company or any Group Company (including but not limited to credit cards, keys and passes) which are in the Executive’s possession or under his control. 

 

	 	17.5	 On the termination of the Executive’s employment either summarily or otherwise, or at any other time in
accordance with instructions given to him by the Board, the Executive will immediately irretrievably delete any information relating to the business of the Company or any Group Company stored on any magnetic or optical disk or memory and all matter
derived from such sources which is in his possession or under his control outside the premises of the Company or any Group Company. 

  

	 	17.6	 Upon the request of the Board, the Executive will provide a signed written statement that he has fully complied
with his obligations under clauses 17.4 and/or 17.5 and the Company may withhold any sums owing to the Executive on the Termination Date until the obligations in clause 17.4 and/or 17.5 have been complied with. 

 

	18.	 INVENTIONS AND IMPROVEMENTS 

 

	 	18.1	 For the purposes of this clause 18 the following words and expressions shall have the following meanings:

  
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 “Intellectual Property Rights” means (i) copyright, patents, know-how, confidential information, database rights, and rights in trade marks and designs (whether registered or unregistered), (ii) applications for registration, and the right to apply for registration, for any
of the same, and (iii) all other intellectual property rights and equivalent or similar forms of protection existing anywhere in the world; 

“Invention” means any method, idea, concept, experimental work, theme, invention, discovery, process, model, formula,
prototype, sketch, drawing, plan, composition, design, configuration, improvement or modification of any kind conceived, developed, discovered, devised or produced by the Executive alone or with one or more others during his employment and which
pertains to or is actually or potentially useful to the activities from time to time of the Company (or any Group Company) or any product or service of the Company (or any Group Company) or which pertains to, results from or is suggested by any work
which the Executive or any other employee of the Company (or any Group Company) has done or may hereafter during his employment do for the Company (or any Group Company). 
  

	 	18.2	 The Executive shall promptly disclose and deliver to the Company in confidence full details of each Invention
(whether or not it was made, devised or discovered during normal working hours or using the facilities of the Company, and whether or not the Executive considers that by virtue of section 39 Patents Act 1977 rights to such Invention fail to vest in
the Company) to enable the Company to determine whether rights to such Invention vest in the Company, upon the making, devising or discovering of the same and shall at the expense of the Company give all such explanations, demonstrations and
instructions as the Company may deem appropriate to enable the full and effectual working, production and use of the same. To the extent that by virtue of section 39 Patents Act 1977 rights to such Invention vest in the Executive the Company shall
return to the Executive any documentation provided by the Executive pursuant to this clause 18 and the Company shall keep such details confidential unless or until such time as such details are in or enter the public domain, other than by a breach
of this Agreement. 

  

	 	18.3	 The Executive hereby assigns (in so far as title has not automatically vested in the Company through the
Executive’s employment) to the Company with full title guarantee by way of future assignment all copyright, database right, design right and other similar rights for the full terms (including any extension or renewals thereof) thereof
throughout the world in respect of all works, designs or materials (including, without limitation, source code and object code for software) originated, conceived, written or made by the Executive during the period of his employment (except only
those works or designs originated, conceived, written or made by the Executive wholly outside his normal working hours which are wholly unconnected with any business activity undertaken or planned to be undertaken by the Company or any Group
Company) to hold unto the Company absolutely. The aforementioned assignment shall include the right to sue for damages and/or other remedies in respect of any infringement (including prior to the date hereof). 

  
 24 

	 	18.4	 The Executive hereby irrevocably and unconditionally waives in favour of the Company any and all moral rights
conferred on him by Chapter IV of Part I of the Copyright Designs and Patents Act 1988 for any work in which copyright or design right is vested in the Company whether by this clause 18 or otherwise. 

 

	 	18.5	 The Executive shall, without additional payment to him (except to the extent provided in section 40 Patents Act
1977, or any similar provision of applicable law) at the request and expense of the Company and whether or not during the continuance of his employment, promptly execute all documents and do all acts, matters and things as may be necessary or
desirable to enable the Company or its nominee to obtain, maintain, protect and enforce any Intellectual Property Right vested in the Company (save only to the extent that any Intellectual Property Rights fail to vest in the Company by virtue of
section 39 Patents Act 1977) in any or all countries relating to the Intellectual Property Right and to enable the Company to exploit any Intellectual Property Right vested in the Company. 

 

	 	18.6	 The Executive shall not do anything (whether by omission or commission) during his employment or at any time
thereafter to affect or imperil the validity of any Intellectual Property Right obtained, applied for or to be applied for by the Company or its nominee, and in particular the Executive shall not disclose or make use of any Invention which is the
property of the Company without the prior written consent of the Company. The Executive shall during or after the termination of his employment with the Company, at the request and expense of the Company, provide all reasonable assistance in
obtaining, maintaining and enforcing the Intellectual Property Right or in relation to any proceeding relating to the Company’s right, title or interest in any Intellectual Property Right. 

 

	 	18.7	 Without prejudice to the generality of the above clauses, the Executive hereby irrevocably authorises the
Company to appoint a person to be his attorney in his name and on his behalf to execute any documents and do any acts, matters or things as may be necessary for or incidental to grant the Company the full benefit of the provisions of this clause 18.

  

	 	18.8	 The obligations of the Executive under this clause 18 shall continue to apply after the termination of his
employment (howsoever terminated). 

  

	 	18.9	 For the avoidance of doubt, nothing in this Agreement shall oblige the Company (or any other Group Company) to
seek protection for or exploit any Intellectual Property Right. 

  
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	19.	 RESIGNATION OF OFFICES 

The Executive shall immediately upon the earlier of termination of his employment or notice of termination being served by either party in
accordance with this Agreement give written notice resigning forthwith as a director or trustee or from any other office he may hold from time to time with the Company and/or any Group Company or arising from his engagement by the Company and/or any
Group Company without any further compensation. 
  

	20.	 GRIEVANCE AND DISCIPLINARY PROCEDURE 

 

	 	20.1	 In the event of the Executive wishing to seek redress of any grievance relating to his employment he should lay
his grievance before the Board or the board of directors of the parent company of any group of which the Company is a member from time to time (in this Clause 20, “Ultimate Board”) in writing, who will afford the Executive the opportunity
of a full hearing before the board or a committee of the board or the Ultimate Board (as appropriate) whose decision on such grievance shall be final and binding. 

 

	 	20.2	 The Company’s usual disciplinary procedures do not apply to the Executive save that a dismissal will not
qualify as: (i) one for material poor performance or misconduct reasons; or (ii) one under Clause 17.1 where the relevant sub-clause relied on is Clause 17.1(B) or Clause 17.1(L) (and then only where
the relevant sub-clause in the Services Memorandum is clause 3.4(d)), for the purposes of Clauses 16.1(B) or 16.2(B) unless the Company carries out in relation to such a dismissal a fair disciplinary procedure
in line with the ACAS Code of Practice on Disciplinary and Grievance Procedures. 

  

	 	20.3	 In the event that any disciplinary action is to be taken against the Executive (including in the circumstances
set out in Clause 20.2), any hearing in respect thereof will be conducted by such director of the Company or the parent company of any group of which the Company is a member from time to time as the Board or the Ultimate Board may in its reasonable
discretion nominate If the Executive seeks to appeal against any disciplinary action taken against him he should do so to the Ultimate Board submitting full written grounds for his appeal to the Chairman of the Ultimate Board within 7 days of the
action appealed against. The decision of the Ultimate Board or a delegated committee thereof shall be final and binding. For the avoidance of doubt, the Executive has no contractual right to either a disciplinary hearing or appeal save as set out in
Clause 20.2. 

  

	 	20.4	 The Company may in its absolute discretion suspend the Executive from some or all of his duties (and if
applicable, from the Board) and/or require him to remain away from work during any investigation conducted into an allegation relating to the Executive’s conduct or performance. During such period, the Executive’s salary will continue to
be paid and he will continue to be entitled to all benefits provided to him, including participating in any relevant bonus or share option schemes subject always to the rules of those schemes. 

  
 26 

	21.	 GENERAL 

  

	 	21.1	 No failure or delay by either party in exercising any right, power or privilege under this Agreement shall
operate as a waiver thereof nor shall any single or partial exercise by either party of any right, power or privilege hereunder preclude any further exercise thereof or the exercise of any other right, power or privilege. 

 

	 	21.2	 The Executive shall have no claim against the Company or any Group Company in respect of the termination of his
employment hereunder in relation to any provision in any articles of association, agreement, scheme, plan or arrangement which has the effect of requiring the Executive to sell, transfer or give up any shares, securities, options or rights at any
price or which causes any options or other rights granted to him to become prematurely exercisable or to lapse by reason of his termination or because he has given or received notice of termination 

 

	 	21.3	 The Executive hereby irrevocably and by way of security appoints the Company and each Group Company now or in
the future existing to be his attorney and in his name and on his behalf and as his act and deed to sign, execute and do all acts, things and documents which he is obliged to execute and do under the provisions of this Agreement and in particular,
but without limitation, clauses 18 and 19 and the Executive hereby agrees forthwith on the request of the Company to ratify and confirm all such acts, things and documents signed, executed or done in pursuance of this power. 

 

	 	21.4	 There are no collective agreements which affect the terms and conditions of the employment of the Executive
hereunder. 

  

	 	21.5	 For the avoidance of doubt any payments made to or other benefits provided to the Executive or his family which
are not expressly referred to in this Agreement shall be regarded as ex gratia payments or benefits provided at the entire discretion of the Company and do not form part of the Executive’s contract of employment. 

 

	 	21.6	 If any clause or provision in this Agreement is found by a court of competent jurisdiction or other competent
authority to be invalid, unlawful or unenforceable then such clause or provision shall be severed from the remainder of the Agreement or clause and that remainder shall continue to be valid and enforceable to the fullest extent permitted by law. In
that case, the parties shall negotiate in good faith to replace any invalid, unlawful or unenforceable clause or provision with a suitable substitute clause or provision which maintains as far as possible the purpose and effect of this Agreement.

  

	 	21.7	 This Agreement may be executed in any number of counterparts, each of which when executed, shall be an
original, and all the counterparts together shall constitute one and the same instrument. Delivery of an executed signature page of a counterpart by facsimile transmission or by electronic mail in Adobe TM Portable Document Format (PDF), shall take
effect as delivery of an executed counterpart of this Agreement. 

  
 27 

	 	21.8	 No term of this Agreement is enforceable under the Contracts (Rights of Third Parties) Act 1999 by a person who
is not a party to this Agreement. 

  

	 	21.9	 No amendment, modification or waiver of this Agreement or any of its provisions shall be binding upon the
parties hereto unless made in writing and duly signed by the parties. 

  

	 	21.10	 The parties confirm that the variations to this Agreement that became effective from 1 April 2017 pursuant
to the Deed of Amendment dated 6 March 2017 shall not, and shall not following a Change in Control Transaction, constitute circumstances amounting to Good Reason. 

 

	22.	 NOTICES 

  

	 	22.1	 Any notice or communication given or required under this Agreement may be served by personal delivery or by
leaving the same at or by sending the same through the post addressed in the case of the Company to its registered office from time to time and in the case of the Executive to his aforesaid address or to the address provided from time to time by the
Executive to the Company for the purposes of its employment records or by facsimile transmission. 

  

	 	22.2	 Any notice sent by post shall be deemed to have been served 24 hours after the time of posting by first class
mail and service thereof shall be sufficiently proved by proving that the notice was duly despatched through the post in a pre-paid envelope addressed as aforesaid. In the case of facsimile transmission it
shall be deemed to have been received when in the ordinary course of such transmission it would be received by the addressee or if transmitted after 5pm or on a day that is not an ordinary business day on the next business day.

  

	23.	 EXTENT AND SUBSISTENCE OF AGREEMENT 

This Agreement supersedes all other agreements other than those expressly referred to in this Agreement (however including the Deeds of
Amendment) whether written or oral between the Company and the Executive relating to the employment of the Executive. The Executive acknowledges and warrants to the Company that he is not entering into this Agreement in reliance upon any
representation not expressly set out herein. 
  

	24.	 GOVERNING LAW AND JURISDICTION 

This Agreement shall be governed by and construed in accordance with English law and the parties agree to submit to the exclusive jurisdiction
of the English Courts as regards any claim, dispute or matter arising out of or relating to this Agreement. 

  
 28 

 IN WITNESS whereof a duly authorised representative of the Company has executed this Agreement and
the Executive has executed this Agreement as his Deed on the date of this Agreement. 

  
 29 

					
	EXECUTED as a DEED by the Company	  	)	  	
	acting by Ian J Webber, a Director	  	)	  	/s/ Ian J Webber
	in the presence of:	  	)	  	
			
	Witness’ signature /s/ Vivek Puri	  		  	
	Witness’ name Vivek Puri	  		  	
	Address 25 Drumaline Ridge, Worcester Park, Surrey KT4 7JT
			
	Occupation C.T.O.	  		  	
			
	SIGNED and DELIVERED by	  	)	  	
	the said Thomas A Lister	  	)	  	/s/ Thomas A Lister
	as his DEED in the presence of:	  	)	  	
			
	Witness’ signature /s/ Vivek Puri	  		  	
	Witness’ name Vivek Puri	  		  	
	Address 25 Drumaline Ridge, Worcester Park, Surrey KT4 7JT	  		  	
			
	Occupation C.T.O.	  		  	

  
 30EX-4.44

 Exhibit 4.44 
  

			
	  

	  	
SHIPMAN 2009
 STANDARD SHIP
MANAGEMENT AGREEMENT
  
 PART I

 

	
1.  Place and date of Agreement date to be inserted

29 October 2018
	  	
2.  Date of commencement of Agreement (Cls. 2,12, 21 and 25) date to be inserted.

    In respect of the Vessels owned by Poseidon Containers Holdings LLC or its Subsidiaries,
this Agreement shall become effective on the closing of the transactions contemplated by that certain Agreement and Plan of Merger, dated as of the date hereof, by and among Poseidon Containers Holdings LLC, K&T Marine LLC, Global Ship Lease,
Inc., and the other parties named therein (the “Closing”); provided, however, that if the Closing does not occur this Agreement will be of no force and effect.

	
3.  Owners (name, place of registered office and law of registry) (Cl. 1)

 
 (i) Name: Poseidon Containers Holdings
LLC
  
 (ii)  Place of registered
office: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960
  

(iii)  Law of registry: Marshall Islands
	  	
4.  Managers (name, place of registered office and law of registry) (Cl. 1)

 
 (I)   Name: CONCHART
COMMERCIAL INC.
  
 (II)  Place
of registered office: Marshall Islands
  

(III)  Law of registry: Marshall Islands

	
5.  The Company (with reference to the ISM/ISPS Code) (state name and IMO Unique Company identification
number. If the Company is a third party then also state registered office and principal place of business (Cls. 1 and 9(c)(i))
  

(i) Name: N/A 
  

(ii)  IMO Unique Company Identification number: N/A 

 
 (iii)  Place of registered office:
N/A 
  
 (iv) Principal place of
business: N/A 
	  	
6.  Technical Management (state “yes” or “no” as agreed) (Cl. 4)

 
 NO

	  	
7.  Crew Management (state “yes or no” as agreed (Cl. 5(a))

 
 NO

	  	
8.  Commercial Management (state “yes or no” as agreed) (Cl. 6)

 
 YES

	
9.  Chartering Services period (only to be filed in if “yes” stated in Box 8) (Cl. 6(a))

 
 YES (as amended)
	  	
10.  Crew Insurance arrangements (state “yes” or “no” as agreed) - NO

 
 (i) Crew Insurances’ (Cl. 5(b))

 
 (ii)  Insurance for persons
proceeding to see onboard (Cl 5(b)(i)): “only to apply if Crew Management (Cl.5(a)) agreed (see Box 7)

	
11.  Insurance arrangements (state “yes” or “no” as agreed) (Cl. 7)

 
 NO
	  	
12.  Optional insurances (state optional insurance(s) as agreed, such as piracy, kidnap and ransom, loss
of hire and FD & D) (Cl. 10(a)(iv))
  
 N/A

	
13.  Interest (state rate of interest to apply after the due date to outstanding sums) (Cl.9(a))

 
 N/A
	  	
14.  Annual management fee (Cl. 12(a))

 
 SEE CLAUSE 12(A)

			
	
15.  Managers’ nominated account (Cl. 12(a))

 
 USD Current Account:
05-25533-006

IBAN:                    DE07 2012 0000 0525 5330
06
	  	
16.  Daily rate (state rate for days in excess of those agreed in budget) (Cl 12(c))

	  	N/A
	  	
17.  Lay-up period/number of months (Cl. 12(d))

	  

Address:                 Berenberg

Neuer Jungfernstieg 20
 20354 Hamburg / Germany
	  	  

N/A

	 	 
	 Fax numbers:            
+49 - 40 - 350 60 900 (General line)
 +49 - 40 - 350 60 905 (Internal. Shipping Department)
	  	 
	 	 
	S.W.I.F.T. address: BEGODEHH	  	 
	 	 
	Routing of USD payments into your account with us:	  	 
	 	 
	In order to avoid any delay and any additional charges USD payments into your account with us should be routed as follows:	  	 
	 	 
	 Beneficiary: Conchart Commercial Inc

Account: 05-25533-006

Payment by: direct S.W.I.F.T. MT103 without inter1nediaty of another bank in Germany
	  	 
	 	 
	To Beneficiary’s Bank: Berenberg, Hamburg, S.W.I.F.T. address BEGODEHH	  	 
	 	 
	Cover Payment: by S.W.I.F.T. MT202COV with same day value to the account of Berenberg, Hamburg, with JPMorgan Chase Bank, New York, S.W.I.F.T.
address CHASUS33	  	 
	
18.  Minimum Contract Period (state number of months) (Cl. 21)

 
 36 calendar months
	  	
19.  Management fee on termination (state number of months to apply)

Cl. 22

	
20.  Severance Code (state maximum amount) (Cl 22(g)(ii))

 
 N/A
	  	
21.  Dispute Resolution (state alternative Cl 23(a), 23(b) or 23(c), if Cl. 23(c) place of arbitration
must be stated) (Cl. 23)
  
 23(a)

	
22.  Notices (state full contact details for serving notice and communication to the Owners)(Cl 24)

 
 c/o TECHNOMAR SHIPPING INC.

3-5 MENANDROU STREET

14561, KIFISSIA
 ATHENS -
GREECE
	  	
23.  Notices (state full contact details for serving notice and communication to the Managers)

 
 c/o TECHNOMAR SHIPPING INC.

3-5 MENANDROU STREET

14561, KIFISSIA
 ATHENS -
GREECE

  

	
	  

It is mutually agreed between the party stated in Box 3 and the party stated in Box 4 that this Agreement consisting of PART I and PART II
as well as Annex “A” (Details of Vessel) attached hereto, shall be performed subject to the conditions contained herein. In the event of a conflict of conditions, the provisions of PART I and Annex “A” shall prevail over those of
PART    II to the extent of such conflict but no further.
  

			
	

	  	

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
 SECTION 1 – Basis of the Agreement 
  

	1.	 Definitions 

In this Agreement save where the context otherwise requires, the following words and expressions shall have the meanings hereby assigned to
them: 
 “Affiliate” means, with respect to a specified Person, any Person that directly, or indirectly through one or more
intermediaries, Controls, is Controlled by, or is under common Control with the specified Person. 
 “Change in Majority Interests or
Control” means (i) a transaction or series of transactions involving the sale, transfer or other disposition of equity interests in the Owners or in any of its direct or indirect parent companies (including, without limitation, any
transfer by the current owners of equity interests in the Parent), to one or more Persons that are not, immediately prior to such sale, Affiliates of the Parent, of more than 50% of the beneficial equity or voting interests in the Owners or in any
such parent companies; (ii) a transaction or series of transactions involving the sale, transfer or other disposition of all or substantially all of the assets of the Owners or any of its direct or indirect parent companies (including, without
limitation, the Parent) to one or more Persons that are not, immediately prior to such sale, transfer, or other disposition, Affiliates of the Parent; (iii) any merger, consolidation or other business combination of the Owners or any of its
direct or indirect parent companies (including, without limitation, the Parent) in which the current owners of equity interests in the Parent immediately after such transaction cease to own more than 50% of the equity or voting interests in the
Parent (or equity or voting interests of its successors) or the Parent ceases to directly or indirectly own more than 50% of the equity or voting interests in the Owners or its parent companies (or equity or voting interests of their successors) as
a result of such transaction; or (iv) George Giouroukos’s employment as Executive Chairman of the Parent is terminated by the Parent. 

“CMA CGM” means CMA CGM S.A., a French company. 

“CMA CGM Charter” means a charter of the Vessel between the Owners and CMA CGM or any of its Affiliates. 

“CMA CGM Charter Brokerage Fee” means the fee payable by Owners to the Managers in respect of any new charter for the Vessel entered
into by CMA CGM or any of its Affiliates and set out in clause 12 (c) below. 
 “Commission” means the commission payable by the
Owners to the Managers as set out in clause 12 (a) below. 
 “Confidential Information” means all information (of whatever nature
and however recorded or preserved) which: 
  

	 	(a)	 was disclosed by the Owners to the Managers, whether before or after the date of this Agreement, as a result of
the discussions leading up to this Agreement, entering into this Agreement or the performance of this Agreement and is designated as “confidential information” by the Owners at the time of disclosure; or 

 

	 	(b)	 is information which relates to existing or proposed operations, business plans, market opportunities and
business affairs of the Owners or their Affiliates and is clearly confidential from its nature and/or the circumstances in which it was imparted would be regarded as being confidential by a reasonable business person; or 

 

	 	(c)	 is clearly confidential from its nature and/or the circumstances in which it was imparted, and including
information which relates to the commercial affairs, business (including but not limited to any information considered to be price sensitive information by the Owners), finances, infrastructure, products, services, developments, inventions, trade
secrets, know-how, personnel, or contracts of, and any other information relating to, the Owners or their Affiliates (or its or their customers); or 

 

	 	(d)	 any information referred to in (a) to (c) above disclosed on the Owners’ behalf by their Affiliates;
and 

  

	 	(e)	 information extracted, copied or derived from information referred to in (a) to (d) above.

 “Control” or “Controlling” or “Controlled by” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

“Crew” means the master, officers and ratings of a Vessel. 

“Dollars and US$” means the lawful currency of the United States of America. 

“Governmental Entity” means and includes (whether having a distinct legal personality or not) any national or local government

 
authority, board, commission, department, division, organ, instrumentality, court or agency and any association, organisation or institution of which any of the foregoing is a member or to whose
jurisdiction any of the foregoing is subject or in whose activities any of the foregoing is a participant. 
 “Managers” means the
party identified in Box 4. 
 “Management Services” means the services specified in SECTION 2—Services (Clauses 4
through 7) as indicated affirmatively in Boxes 6 through 8, 10 and 11, and all other functions performed by the Managers under the terms of this Agreement. 

“Manager Change of Control” means (i) a transaction or series of transactions involving the sale, transfer or other disposition
by George Giouroukos to one or more Persons that are not, immediately prior to such sale, Affiliates of George Giouroukos, of more than 50% of the equity interests in the Managers; or (ii) any merger, consolidation or other business combination
of the Managers in which George Giouroukos immediately after such transaction ceases to own more than 50% of the equity interests in the Managers (or equity interests of their successors) as a result of such transaction. 

“Owners” means the party identified in Box 3. 

“Parent” means Global Ship Lease, Inc., a Marshall Islands corporation. 

“Parties” means the parties to this Agreement. 

“Person” means any individual, corporation, association, partnership (general or limited), joint venture, trust, estate, limited
liability company, or other legal entity or organization. 
 “Subsidiary(ies)” means, with respect to any Person, (a) a
corporation of which more than 50% of the voting power of shares entitled (without regard to the occurrence of any contingency) to vote in the election of directors or other governing body of such corporation is owned, directly or indirectly, at the
date of determination by such Person, by one or more Persons Controlled by such Person or a combination thereof, (b) a partnership (whether general or limited) in which such Person or a Person Controlled by such Person is, at the date of
determination, a general or limited partner of such partnership, but only if more than 50% of the partnership interests of such partnership (considering all of the partnership interests of the partnership as a single class) is owned, directly or
indirectly, at the date of determination, by such Person, one or more Persons Controlled by such Person, or a combination thereof, or (c) any other Person (other than a corporation or a partnership) in which such Person, one or more Persons
Controlled by such Person, or a combination thereof, directly or indirectly, at the date of determination, has (i) at least a majority ownership interest or (ii) the power to elect or direct the election of a majority of the directors or
other governing body of such Person. 
 “TCMC” means Technomar Crew Management Corporation, a crew manning company affiliated to
the Technical Managers with registered offices in Manila, Philippines. 
 “Technical Managers” means Technomar Shipping Inc., a
Liberian corporation. 
 “Technical Management Agreement” means, with respect to the Vessel, the agreement with respect to
technical management services between the Owners and the Technical Managers; and 
 “Vessel” means the vessels, details of which
are set out in Annex “A” attached hereto, now or hereinafter owned by the Owners.     
  

	2.	 Commencement and Appointment 

With effect from the date stated in Box 2 for the commencement of the Management Services and continuing unless and until terminated as
provided herein, the Owners hereby appoint the Managers and the Managers hereby agree to act as the Managers of the Vessel in respect of the Management Services. 
  

	3.	 Authority of the Managers 

Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall carry out the Management Services
in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform the Management
Services in accordance with sound ship management practice, including but not limited to compliance with all relevant rules and regulations. 
 SECTION 2
– Services 
  

	4.	 Technical Management N/A 

(only applicable if agreed according to Box 6). 

	5.	 Crew Management and Crew Insurances N/A 

(a) Crew Management 

(only applicable if agreed according to Box 7) 

 

	6.	 Commercial Management 

(applicable as agreed according to Box 8). 

The Managers shall provide the following services for the Vessel in accordance with the Owners’ instructions, which shall include but not
be limited to: 
 (a) Marketing the Vessel for sale and providing evaluations of possible future earnings and period of employment arranged
for the Vessel that will become available for further employment and for ships that are considered/negotiated to be purchased by the Owners; 

(b) Seek and negotiate employment for the Vessel including the negotiations and execution of charter parties or other contracts related to the
employment of the Vessel. Prior to conclusion of negotiations, the Managers will seek Owners approval for the range of Freight or Hire rate, the period of employment and approval of possible charterers. Managers will also provide the Owners with any
obtained references for the potential charterers’ reputation and their past performances; 
 (c) Monitor the developments of the market
and keep Owners advised regularly of developments in the market, including fixture reports; 
 (d) Monitor and keep Owners advised regularly
of developments related to new rules and regulations with respect to trading and cargo restrictions, including but not limited to those issued by the United States and any such regulations issued by the United Nations, and including recommendations
from recognised shipping entities such as the IMO, Bimco and the National Shipbrokers Association; 
 (e) Participate in and follow up on
international events organized by various national and international bodies, shipping forums, workshops and conferences, where charterers, brokers and/or various agents meet to exchange information and discuss market developments; 

(f) Co-ordinating with charterers and Technical Managers of the Vessel, for arranging the provision of
bunker fuels quantity as required for the Vessel’s trade and relevant charter party; 
 (g) Voyage estimation and assistance in the
calculation of hire, freights, demurrage and/or despatch monies due from or due to the charterers of the Vessel. Assist in the collection of any sums due to the Owners related to the commercial operation of the Vessel; 

(h) Conveying voyage instruction issued by charterers to Technical Managers and follow up compliance with the provisions of the relevant
charter party; 
 (I) Communicate with agents, whenever is deemed necessary, to collect information related to ship’s position and cost
related issues or other information needed for any commercial evaluation or estimation; 
 (j) Negotiate M.O.A. details as per Owners’
authority and follow up the sale & purchase transactions until the completion of transfer of title to the Vessel under M.O.A. provisions or M.O.A. termination; 

(k) In accordance with the Owners’ instructions, arranging the pre-purchase inspections of
vessels, arranging the pre-purchase class records inspections of vessels, arranging the preparation of the pre-purchase reports; provided, however, the Managers may
subcontract the services described in this Clause 6(k) to the Technical Managers; 
 (l) Coordinate with the Technical Managers with respect
to (i) the obligations of the Owners, always in compliance with the terms and conditions applicable to it under the Technical Management Agreement, (ii) consolidation of accounts, budgets and other materials as may be requested by the
Owners with respect to the Vessel for which the Technical Managers provide management services under the Technical Management Agreement, and (iii) the scope of management services required of the Technical Managers under the Technical
Management Agreement in relation to any charterparty for the Vessel; 
 (m) Prepare accounts as may be reasonably requested by the Owners
incorporating and consolidating individual accounts for the Vessel prepared by the Technical Managers; provided, however, the Managers may subcontract the services described in this Clause 6(m) to the Technical Managers; and 

Deliver to the Technical Managers a copy of each charterparty for the Vessel. 

The Owners shall not appoint any Person to perform the foregoing services on its behalf other than the Manager. 

	7.	 Insurance Arrangements N/A 

(only applicable if agreed according to Box 11). 

SECTION 3 – Obligations 
  

	8.	 Managers’ Obligations 

(a) The Managers undertake to use their best endeavours to provide the Management Services as agents for and on behalf of the Owners in
accordance with sound ship brokerage and ship management practice and to protect and promote the interests of the Owners in all matters relating to the provision of services hereunder. In performing and discharging its obligations, duties and
liabilities under this Agreement, the Managers shall act in accordance with all instructions communicated to it by the Owners and the Managers shall at all times serve the Owners faithfully and diligently. 

Notwithstanding anything herein to the contrary and for the avoidance of doubt, the parties acknowledge that the Managers shall continue to act
as a commercial manager (including performing brokerage functions) with respect to vessels owned or operated by persons or entities other than the Owners, the Parent, or their respective Subsidiaries. In addition, and notwithstanding clause 8(a), in
the performance of their management responsibilities under this Agreement, the Managers shall be entitled to have regard to their overall responsibility in relation to all other vessels as may from time to time be entrusted to their management and
in particular, but without prejudice to the generality of the foregoing, the Managers shall be entitled to allocate available supplies, manpower and services in such manner as in the prevailing circumstances they consider in their discretion
(reasonably exercised) to be fair and reasonable, but in no circumstances shall the Vessel be managed in a manner which is less favourable to the interests of the Owners. 

In the performance and discharge of its obligations, duties and liabilities under this Agreement, the Managers shall take care not to exceed
the authority given by the Owners under the terms of this Agreement and shall act at all times in accordance with the Owner’s instructions. 

In the performance and discharge of its obligations, duties and liabilities under this Agreement, the Managers shall act with reasonable care
and skill in accordance with good industry practices and in compliance with all laws and regulations, and shall provide the Management Services hereunder and maintain the Vessel at a standard at least equivalent to the standards followed by it with
respect to the other vessel(s) for which the Managers provide management services. 
 Notwithstanding anything contained herein to the
contrary, the Managers shall at all times devote a sufficient amount of its time, resources and personnel to provide the Management Services contemplated by this Agreement. 

(b) The Managers in providing the Management Services will at all times comply with, without limitation, the U.S. Foreign Corrupt Practices
Act, any applicable country legislation implementing the OECD Convention on combating Bribery of Foreign Public Officials in International Business Transactions, and the UK Bribery Act 2010, and any other laws or regulations relating to applicable
anti-bribery, anti-terrorism, economic sanctions and anti-money laundering, to the extent applicable. The Managers shall not engage in any activity, practice or conduct which constitutes a breach of any of the foregoing; in addition, the Managers
shall not employ any Person, nor subcontract with any person or entity, to perform or discharge any of its obligations under this Agreement if that person or entity is designated or identified as a Specially Designated National, a Person subject to
sanctions that prohibit all dealings with such Person, a foreign terrorist organisation or an organization that provides support to a foreign terrorist organization by the United States Government or any branch or department thereof (including, but
not limited to, the Office of Foreign Asset Control). 
  

	9.	 Owners’ Obligations 

(a) The Owners shall pay all sums due to the Managers punctually in accordance with the terms of this Agreement. 

(b) Deleted. N/A 
 (c) Deleted.
N/A 
 (d) Deleted. N/A 
 (e)
Deleted N/A 
 SECTION 4 – Insurance, Budgets, Income, Expenses and Fees 

 

	10.	 Insurance Policies Deleted. N/A 

 

	11.	 Expenses Paid on Behalf of Owners 

(a) Deleted N/A 

 (b) All expenses incurred by the Managers under the terms of this Agreement on behalf of the
Owners (including expenses as provided in Clause 12(c)) will be arranged to be paid to the Managers by the Technical Managers by using amounts standing to the credit of the bank account referred to in Clause 11(a) of the Technical Management
Agreement. 
 (c) Deleted. N/A. 
  

	12.	 Management Fee and Expenses 

(a) The Owners shall pay to the Managers, who shall be named (i) broker in each charterparty (or equivalent agreement) providing for the
charter fixture of a vessel, or (ii) broker in each memorandum of agreement (or equivalent agreement) providing for the sale and purchase of a Vessel, a commission of (i) one and one quarter percent (1.25%) on all monies earned by the
relevant Owners on each charter fixture of a Vessel and (ii) one percent (1.00%) based on the sale and purchase price for any sale and purchase of a Vessel (directly or via sale of a Controlling interest in the relevant Vessel owners) (the
Commission), which shall be payable: 
  

	 	a.	 on receipt of the sales proceeds, freights, demurrage or hire by the Technical Managers or the Owners (as the
case may be); and 

  

	 	b.	 on the delivery date of any vessel purchased, 

to the Managers’ nominated account stated in Box 15; 

(b) The Owners shall not pay the Commission to the Managers for any CMA CGM Charter in effect as at the date of this Agreement and neither
shall the Commission be paid to the Managers if any such CMA CGM Charter is extended or amended. 
 (c) The Owners shall pay to the Managers
a commission at 0.75% if CMA CGM or any of its Affiliates enters into a new charter for the Vessel (the “CMA CGM Charter Brokerage Fee”). However, no CMA CGM Charter Brokerage Fee will be payable by the Owners to the Managers if CMA CGM or
its Affiliate waives their own address commission in such charter; 
  

	 	(d)	 The Managers shall, at no extra cost to the Owners, provide their own office accommodation, office staff,
facilities and stationery. Without limiting the generality of this Clause 12 (Management Fee and Expenses) the Owners shall reimburse the Managers for, reasonable postage, communication, travelling and accommodation expenses, and other reasonable
out of pocket expenses properly incurred by the Managers in pursuance of the Management Services, including travelling in order to assist in settlements of disputes and outstanding accounts as requested by Owners, it being understood that the
Managers shall not make any expenditure in the aggregate in excess of US$20,000 in any given calendar month without the prior written consent of the Owners. 

(e) Deleted. N/A 
 (f) Deleted.
N/A 
  

	13.	 Budgets and Management of Funds 

(a) The Managers shall assist the Owner to prepare a budget with forecast gross and net revenues for the Vessel. 

(b) Notwithstanding anything contained herein, the Managers shall in no circumstances be required to use or commit their own funds to finance
the provision of the Management Services. 
  

	14.	 Trading Restrictions 

The Managers shall coordinate with the Owners and the Technical Managers with respect to any trading restrictions to the Vessel. 

 

	15.	 Replacement. Deleted. N/A 

 

	16.	 Managers’ Right to Sub-Contract 

Except as expressly permitted by Clauses 6(k) and (m) and Clause 18(f) and except to its Affiliates, the Managers shall not subcontract
any of their obligations hereunder without the prior written consent of the Owners. In the event of such a sub-contract the Managers shall remain fully liable for the due performance of their obligations under
this Agreement. For sake of clarity it is agreed that the involvement of brokers for concluding/fixing any charter is not to be considered as subcontracting. 

	17.	 Responsibilities 

(a) Force Majeure - Neither party shall be liable for any loss, damage or delay due to any of the following force majeure events and/or
conditions to the extent that the party invoking force majeure is prevented or hindered from performing any or all of their obligations under this Agreement, provided they have made all reasonable efforts to avoid, minimise or prevent the effect of
such events and/or conditions: 
  

	 	(i)	 acts of God; 

  

	 	(ii)	 any requisition, control, intervention, requirement or interference by a Government Entity;

  

	 	(iii)	 any circumstances arising out of war, threatened act of war or warlike operations, acts of terrorism, sabotage
or piracy, or the consequences thereof; 

  

	 	(iv)	 riots, civil commotion, blockades or embargoes; 

 

	 	(v)	 epidemics; 

  

	 	(vi)	 earthquakes, landslides, floods or other extraordinary weather conditions; 

 

	 	(vii)	 strikes, lockouts or other industrial action, unless limited to the employees (which shall not include the
Crew) of the party seeking to invoke force majeure; 

  

	 	(viii)	 fire, accident, explosion except where caused by negligence of the party seeking to invoke force majeure; and

  

	 	(ix)	 any other similar cause beyond the reasonable control of either party. 

 

	 	(b)	 Liability to Owners 

Without prejudice to Sub-Clause 17(a), the Managers shall be under no liability whatsoever to the
Owners for any loss, damage, delay or expense of whatsoever nature, whether direct or indirect (including but not limited to loss of profit arising out of or in connection with detention of or delay to the Vessel), and howsoever arising in the
course of performance of the Management Services UNLESS the same is proved to have resulted solely from: 
  

	 	(i)	 the persistent and/or continuing negligence of the Managers which causes material losses and/or material
additional expense to the Owners for a period of 3 (three) calendar months or more following a written notice from the Owners that it is dissatisfied with the performance of the Managers due to such negligence and stating the deficiencies to be
remedied, provided however, that the Managers shall not be deemed to have acted negligently if the deficiencies arise or are continuing due to circumstances beyond the control of the Managers, the Technical Managers and TCMC, or if the Managers are
taking reasonable steps to remedy such deficiencies; or 

  

	 	(ii)	 the gross negligence or wilful default of the Managers or its employees or agents, or sub-contractors employed by them in connection with a Vessel, 

  

	 	(iii)	 in which case (save where loss, damage, delay or expense has resulted from the Managers’ personal act or
omission committed with the intent to cause the same or recklessly and with knowledge that such loss, damage, delay or expense would probably result) the Managers’ liability for each incident or series of incidents giving rise to a claim or
claims shall never exceed a total of (A) three (3) times the average monthly Commission payable under clause 12(a) for the twelve (12) months preceding such incident(s) for claims made in respect of the circumstances described in
(i) above or ten (10) times the average monthly Commission payable under clause 12(a) for the twelve (12) months preceding such incident(s) for claims made in respect of the circumstances described in (ii) above.

  

	 	(iv)	 Acts or omissions of the Crew – Deleted. N/A 

(c) Indemnity - Except to the extent and solely for the amount therein set out that the Managers would be liable under Sub-clause 17(b), the Owners hereby undertake to keep the Managers and their employees, agents and sub-contractors indemnified and to hold them harmless against all actions,
proceedings, claims, demands or liabilities whatsoever or howsoever arising which may be brought against them or incurred or suffered by them arising out of or in connection with the performance of this Agreement, and against and in respect of all
costs, loss, damages and expenses (including legal costs and expenses on a full indemnity basis) which the Managers may suffer or incur (either directly or indirectly) in the course of the performance of this Agreement. 

(d) “Himalaya” - It is hereby expressly agreed that no employee or agent of the Managers (including every sub-contractor from time to time employed by the Managers) shall in any circumstances whatsoever be under any liability whatsoever to the 

 
Owners for any loss, damage or delay of whatsoever kind arising or resulting directly or indirectly from any act, neglect or default on his, her or its part while acting in the course of or in
connection with his, her or its employment and, without prejudice to the generality of the foregoing provisions in this Clause 17 (Responsibilities), every exemption, limitation, condition and liberty herein contained and every right, exemption from
liability, defence and immunity of whatsoever nature applicable to the Managers or to which the Managers are entitled hereunder shall also be available and shall extend to protect every such employee or agent of the Managers acting as aforesaid and
for the purpose of all the foregoing provisions of this Clause 17 (Responsibilities) the Managers are or shall be deemed to be acting as agent or trustee on behalf of and for the benefit of all persons who are or might be their servants or
agents from time to time (including sub-contractors as aforesaid) and all such persons shall to this extent be or be deemed to be parties to this Agreement. 

 

	18.	 General Administration 

(a) The Managers shall keep the Owners informed in a timely manner of any incident of which the Managers become aware which gives or may give
rise to a material delay to the Vessel or material claims or disputes involving third parties. 
 (b) The Managers shall handle and settle
all claims and disputes arising out of the Management Services hereunder, unless the Owners instruct the Managers otherwise. 
  

	 	(c)	 The Owners may request the Managers to bring or defend other actions, suits or proceedings related to the
Management Services, on terms to be agreed. 

  

	 	(d)	 At the Owners’ cost, the Managers shall have power to obtain appropriate legal or technical or other
outside expert advice in relation to the handling and settlement of claims in relation to Sub-clauses 18(b) and 18(c) and disputes and any other matters affecting the interests of the Owners in respect of the
Vessel, including the appointment of auditors or other outside experts as may be necessary in the ordinary course of business. 

  

	 	(e)	 On giving reasonable notice with respect to proposed dates and the scope of inquiry, the Owners may request,
and the Managers shall in a timely manner make available, all documentation, information and records in respect of the matters covered by this Agreement and the Managers shall permit the Owners during regular business hours to inspect the
Managers’ premises, audit records and accounts and meet with executive personnel. 

 (f) The Managers shall provide
monthly financial reports, or other necessary reports reasonably required, to enable the Owners and the Parent to fulfil on a timely basis any applicable reporting requirement that is or may become applicable to it or its successors, provided that
the Owners have given the Managers advance written notice of which reports are so required, the form and content required for such reports and reasonably sufficient time to hire or retain additional personnel to prepare such reports; and provided
further that the Managers and the Owners have agreed on the additional costs and expenses to be borne by the Owners and paid to the Managers for performing such services. If the Owners determine in their sole discretion that the Parent will likely
be unable to, or be unable to without an unreasonable effort or expense, timely file any reports or believe the Parent is likely to receive a “material weakness” qualification from their auditors with respect to their internal controls, in
either case due to the Managers’ failure or probable failure to provide necessary information with the required timeframe, then the Managers hereby agree to give authorized employees of the Owners, their accountants or other designated
personnel or advisors access to such documents, books, records, data other information and staff of the Managers and their Affiliates (for the avoidance of doubt only being the Technical Managers and TCMC), and related to the matters covered by, or
services provided by the Mangers under, this Agreement as is reasonably required to permit the Parent to timely meet any reporting obligations to which it is at any time obligated, or chooses to comply, or to remedy the deficiency with respect to
its internal controls as required, or as may be required, by Section 404 of the U.S. Sarbanes Oxley Act. The Managers further agree to cause their Affiliates (the Technical Managers and TCMC ) and their employees to cooperate with the
designated representatives and the designated representatives shall be entitled to meet with such employees and/or request information from such affiliates (being limited to the Technical Managers and TCMC ) or the employees in order to obtain
information in respect of the matters covered by this Agreement that is reasonably necessary to permit the Parent to timely meet any reporting obligations to which they are at any time obligated, or choose to comply, or to remedy the deficiency with
respect to their internal controls as required, or as may be required, by Section 404 of the U.S. Sarbanes Oxley Act. Notwithstanding anything to the contrary, neither the Managers nor their Affiliates (being limited to the Technical Managers
and TCMC ) or their respective employees shall be required to provide any information that is not in respect of the matters covered by, or services provided by the Mangers under, this Agreement. The Owners shall bear all costs and expenses
associated with the designated representatives services. Notwithstanding anything to the contrary contained herein, the Managers shall not be liable for any failure to timely provide the reports required hereunder so long as the Managers have
otherwise complied with the provisions under this Clause 18(f); provided, however, the Managers may subcontract the services described in this Clause 18(f) to the Technical Managers. 

(g) On giving reasonable notice, the Managers may request, and the Owners shall in a timely manner make available, all documentation,
information and records reasonably required by the Managers to enable them to perform the Management Services. 
  

	 	(h)	 Any reasonable costs incurred by the Managers in carrying out their obligations according to this Clause 18
(General Administration) shall be reimbursed by the Owners. 

	19.	 Inspection of Vessel. Deleted N/A 

 

	20.	 Compliance with Laws and Regulations 

(a) The Parties will not do or permit to be done anything which might to cause any breach or infringement of the laws and regulations of the
flag state of the Vessel, or of the places where the Vessel trades, nor shall either of the parties act in any manner which is prohibited under United States laws or regulations related to foreign trade controls. 

 

	 	(b)	 In performing its obligations under this Agreement, the Managers shall and shall use all reasonable endeavours
to procure that their Affiliates and sub-contractors shall comply in all material respects with the Parent’s written policies that are directly applicable to the Managers’ provision of the Management
Services and are made known to the Managers in advance in writing, which shall include, but not be limited to, the Parent’s Anti-slavery and Human Trafficking Policy, Corporate and Social Responsibility Policy, Anti-bribery and Anti-corruption
Policy, Business Ethics Policy, Data and Privacy Policy and Business Conduct Policy and any other policies of the Parent that are so applicable from time to time. 

 

	21.	 Duration of the Agreement 

 

	 	(a)	 This Agreement shall come into effect at the date stated in Box 2 and shall continue for a minimum
period of three (3) calendar years (the “Minimum Contract Period”). Either party may give not less than six (6) months’ written notice to the other during the Minimum Contract Period that this Agreement is to be terminated
at the expiry of the Minimum Contract Period. 

  

	 	(b)	 Following the expiry of the Minimum Contract Period, and provided that neither party has issued a termination
notice pursuant to clause 21(a) to terminate this Agreement at the end of the Minimum Contract Period, this Agreement may be terminated by either party by giving no less than six (6) months’ written notice to the other.

  

	 	(c)	 Notwithstanding clause 21(a) and 21(b), this Agreement may be terminated by either party at any time in
accordance with clause 22 (Termination). 

  

	22.	 Termination 

Owners’ or Managers’ default 
  

	 	(a)	 If either party fails to meet their obligations under this Agreement, the other party may give notice to the
defaulting party requiring them to remedy it. In the event that the defaulting party fails to remedy within a reasonable time to the reasonable satisfaction of the other party, that other party shall be entitled to terminate this Agreement with
immediate effect by giving notice to the defaulting party. 

  

	 	(b)	 Notwithstanding Clause 22 (a): 

 

	 	(i)	 The Managers shall be entitled to terminate this Agreement with immediate effect by giving notice to the Owners
if any monies payable by the Owners under the terms of this Agreement shall not have been received in the Managers nominated account within thirty (30) days of receipt by the Owners of the Managers written request, or if the Vessel is
repossessed by a mortgagee. 

  

	 	(ii)	 Unless caused by the act or omission of the Managers, if the Owners proceed with the employment of or continue
to employ the Vessel in the carriage of contraband, blockade running, or in an unlawful trade, or on a voyage which in the reasonable opinion of the Managers is unduly hazardous or improper, the Managers may give notice of the default to the Owners,
requiring them to remedy it as soon as practically possible. In the event that the Owners fail to remedy it within a reasonable time to the satisfaction of the Managers, the Managers shall be entitled to terminate the Agreement with immediate effect
by notice. 

  

	 	(c)	 Managers’ default 

 

	 	(i)	 The Owners may terminate this Agreement for Cause (as hereinafter defined), but only after the Owners have
provided the Managers with notice of such Cause and such Cause has not been cured within twenty (20) days of such notice; provided, however, that if any Cause is incapable of being cured, then no notice and cure period shall be required.

	 	(ii)	 Cause means any of the following: 

The Managers: 
  

	 	(A)	 persist and/or continue to be negligent in their performance of the Management Services which causes material
losses and/or material additional expense to the Owners for a period of 3 (three) calendar months or more following a written notice from the Owners that they are dissatisfied with the performance of the Managers due to such negligence and stating
the deficiencies to be remedied, provided however, that the Managers shall not be deemed to have acted negligently if the deficiencies arise or are continuing due to circumstances beyond the control of the Managers, the Technical Managers and TCMC
or if the Managers are taking reasonable steps to remedy such deficiencies; and/or 

  

	 	(B)	 was or have been grossly negligent in its performance of the Management Services; and/or 

 

	 	(C)	 have engaged in wilful misconduct and/or bad faith and/or fraud; 

 

	 	(iii)	 The Managers wilfully fail to cooperate in any government, agency, regulatory or external self-governing body
investigation that could have a material adverse effect on the Owners; 

  

	 	(iv)	 The Managers or any of their directors, officers or employees are convicted or plead nolo contendere to a
felony or a misdemeanour involving moral turpitude that is reasonably likely to have a material adverse effect on the Owners; 

  

	 	(v)	 The Managers or any of their directors, officers or employees commit any material violation of any U.S. federal
law regulating securities or the business of the Owners or the Parent without having relied on the legal advice of the Owners or the Parent’s counsel to perform or omit to perform the act resulting in such violation or the Managers are the
subject of any final order, judicial or administrative, obtained or issued by the United States Securities and Exchange Commission, for any securities violation involving fraud that in each case is reasonably likely to have a material adverse effect
on the Owners or the Parent; and 

  

	 	(vi)	 a material breach of the obligations of the Managers under this Agreement that is reasonably likely to have a
material adverse effect on the Parent. 

  

	 	(d)	 The Managers shall be entitled to terminate this Agreement with immediate effect by giving notice to the Owners
within a six (6) month period following a Change in Majority Interests or Control. 

  

	 	(e)	 The Owners shall be entitled to terminate this Agreement with immediate effect by giving notice to the Managers
within a six (6) month period following a Manager Change of Control. 

  

	 	(f)	 This Agreement shall terminate automatically in the event of an order being made or resolution passed for the
winding up, dissolution, liquidation or bankruptcy of either party (otherwise than for the purpose of reconstruction or amalgamation) or if a receiver or administrator is appointed, or if it suspends payment, ceases to carry on business or makes any
special arrangement or composition with its creditors (any such event, an “Insolvency”). 

  

	 	(g)	 On the termination, for whatever reason, of this Agreement, the Managers shall arrange to deliver to the
Owners, if so requested, and upon reasonable notice, the originals where possible, or otherwise certified copies, of all contracts, charter-parties and all documents specifically relating the Vessel and the Management Services provided under this
Agreement. The Managers will ensure that such documents will be available for a period of two (2) years following the termination of this Agreement. 

  

	 	(h)	 The termination of this Agreement shall be without prejudice to all rights accrued between the parties prior to
the date of termination, including specifically the right of the Managers to receive the Commission or CMA CGM Charter Brokerage Fee, with respect to any charter of the Vessel delivered thereunder for the period during which such charter continues
beyond the date of such termination or any consummated/completed sale and purchase transaction of the Vessel (directly or via sale of a Controlling interest in the Owners) prior to the date of such termination; provided that, in the event of
termination of this Agreement for “Cause” by the Owners pursuant to Clause 22(c)(i), no Commission or CMA CGM Charter Brokerage Fee shall be due or payable to the Managers hereunder for any period after the date of such termination.

  

	 	(i)	 In addition to any other payments contemplated herein, if this Agreement is terminated by the Managers pursuant
to (i) any of clauses 21(a), 21(b), 22(a), 22(b)(i), 22(b)(ii), or 22(d) or (ii) if this Agreement terminates automatically pursuant to clause 22(f) because of the Insolvency of the Owners, upon such termination the Managers shall be
entitled to a lump sum payment in the amount set forth opposite such clause reference in the following table: 

  

			
	 Applicable Clause Reference
	  	 Termination Payment

	clause 21(a)	  	Six (6) times the average monthly Commission paid or accrued to the Managers for the six (6) month period preceding such termination
		
	clause 21(b)	  	Six (6) times the average monthly Commission paid or accrued to the Managers for the six (6) month period preceding such termination

			
		
	clause 22(a)	  	Twelve (12) times the average monthly Commission paid or accrued to the Managers for the twelve (12) month period preceding such termination (or if this Agreement has been in effect for a lesser period, such lesser
period)
		
	clause 22(b)(i)	  	Twelve (12) times the average monthly Commission paid or accrued to the Managers for the twelve (12) month period preceding such termination
		
	clause 22(b)(ii)	  	Twelve (12) times the average monthly Commission paid or accrued to the Managers for the twelve (12) month period preceding such termination (or if this Agreement has been in effect for a lesser period, such lesser
period)
		
	clause 22(d)	  	Six (6) times the average monthly Commission paid or accrued to the Managers for the six (6) month period preceding such termination (or if this Agreement has been in effect for a lesser period, such lesser
period)
		
	clause 22(f)	  	Twelve (12) times the average monthly Brokerage Fee paid or accrued to the Managers for the twelve (12) times month period preceding such termination (or if this Agreement has been in effect for a lesser period, such
lesser period)

  

	 	(j)	 In addition to any other payments contemplated herein, if this Agreement is terminated by the Owners pursuant
to (i) any of clauses 21(a), 21(b), 22(a), 22(c)(i), or 22(e) or (ii) if this Agreement terminates automatically pursuant to clause 22(f) because of the Insolvency of the Managers, upon such termination the Managers shall be entitled to a
lump sum payment in the amount set forth opposite such clause reference in the following table: 

  

			
	 Applicable clause Reference
	  	 Termination Payment

	clause 21(a)	  	Twelve (12) times the average monthly Commission paid or accrued to the Managers for the twelve (12) month period preceding such termination
		
	clause 21(b)	  	Twelve (12) times the average monthly Commission paid or accrued to the Managers for the twelve (12) month period preceding such termination
		
	clause 22(a)	  	Three (3) times the average monthly Commission or accrued to the Managers for the three (3) month period preceding such termination (or if this Agreement has been in effect for a lesser period, such lesser
period)
		
	clause 22(c)(i)	  	None
		
	clause 22(e)	  	Twelve (12) times the average monthly Commission paid or accrued to the Managers for the twelve (12) month period preceding such termination (or if this Agreement has been in effect for a lesser period, such lesser
period)
		
	clause 22(f)	  	Three (3) times the average monthly Commission paid or accrued to the Managers for the three (3) month period preceding such termination (or if this Agreement has been in effect for a lesser period, such lesser
period)

	 	(k)	 This Agreement shall be deemed to be terminated (i) in the case of the sale of the last Vessel (directly
or via sale of a Controlling interest in the relevant Vessel owner) subject to the terms of this Agreement, (ii) if the last Vessel subject to the terms of this Agreement becomes a total loss or is declared as a constructive or compromised or
arranged total loss or is requisitioned or has been declared missing or (iii) if the last Vessel is bareboat chartered, unless otherwise agreed, when the bareboat charter comes to an end; provided, however, that the foregoing shall not apply to
(A) the sale of the last Vessel pursuant to a sale/leaseback transaction or (B) any termination or expiration of the bareboat charter of such last Vessel by the Owners if such last Vessel is purchased (or
re-purchased) by the relevant Vessel owner. In the event that this Agreement is terminated pursuant to the preceding sentence, the Managers shall be entitled to a lump sum payment in the amount of three
(3) times the average monthly Commission paid or accrued to the Managers for the three (3) month period preceding such termination. 

  

	 	(l)	 For the purpose of Clause 22(k) hereof: 

 

	 	1.	 the date upon which the last Vessel is to be treated as having been sold or otherwise disposed of shall be the
date on which the relevant Owner ceases to be the registered owner of such Vessel; 

  

	 	2.	 the last Vessel shall be deemed to be lost either when it has become an actual total loss or agreement has been
reached with such Vessel’s underwriters in respect of its constructive total loss or if such agreement with such Vessel’s underwriters is not reached it is adjudged by a component tribunal that a constructive loss of such Vessel has
occurred; and 

  

	 	3.	 the date upon which such Vessel is to be treated as declared missing shall be ten (10) days after such
Vessel was last reported or when such Vessel is recorded as missing by such Vessel’s underwriters, whichever occurs first. A missing Vessel shall be deemed lost in accordance with the provisions of paragraph (ii) of Clause 22(j).

  

	23.	 BIMCO Dispute Resolution Clause 

(a) This Agreement shall be governed by and construed in accordance with English law and any dispute arising out of or in connection with this
Agreement shall be referred to arbitration in London in accordance with the Arbitration Act 1996 or any statutory modification or re-enactment thereof save to the extent necessary to give effect to the
provisions of this Clause. 
 The arbitration shall be conducted in accordance with the London Maritime Arbitrators Association (LMAA) Terms
current at the time when the arbitration proceedings are commenced. 
 The reference shall be to three arbitrators. A party wishing to refer
a dispute to arbitration shall appoint its arbitrator and send notice of such appointment in writing to the other party requiring the other party to appoint its own arbitrator within 14 calendar days of that notice and stating that it will appoint
its arbitrator as sole arbitrator unless the other party appoints its own arbitrator and gives notice that it has done so within the 14 days specified. If the other party does not appoint its own arbitrator and gives notice that it has done so
within the 14 days specified, the party referring a dispute to arbitration may, without the requirement of any further prior notice to the other party, appoint its arbitrator as sole arbitrator and shall advise the other party accordingly. The award
of a sole arbitrator shall be binding on both parties as if he had been appointed by agreement. 
 Nothing herein shall prevent the parties
agreeing in writing to vary these provisions to provide for the appointment of a sole arbitrator. 
 In cases where neither the claim nor any
counterclaim exceeds the sum of US$50,000 (or such other sum as the parties may agree) the arbitration shall be conducted in accordance with the LMAA Small Claims Procedure current at the time when the arbitration proceedings are commenced. 

(b) Notwithstanding Sub-clause 23(a) above, the parties may agree at any time to refer to mediation any
difference and/or dispute arising out of or in connection with this Agreement. 
  

	 	(i)	 In the case of a dispute in respect of which arbitration has been commenced under Sub-clause 23(a) above, the following shall apply: 

  

	 	(ii)	 Either party may at any time and from time to time elect to refer the dispute or part of the dispute to
mediation by service on the other party of a written notice (the “Mediation Notice”) calling on the other party to agree to mediation; 

  

	 	(iii)	 The other party shall thereupon within 14 calendar days of receipt of the Mediation Notice confirm that they
agree to mediation, in which case the parties shall thereafter agree a mediator within a further 14 calendar days, failing which on the application of either party a mediator will be appointed promptly by the Arbitration Tribunal (“the
Tribunal”) or such person as the Tribunal may designate for that purpose. The mediation shall be conducted in such place and in accordance with such procedure and on such terms as the parties may agree or, in the event of disagreement, as may
be set by the mediator; 

  

	 	(iv)	 If the other party does not agree to mediate, that fact may be brought to the attention of the Tribunal and may
be taken into account by the Tribunal when allocating the costs of the arbitration as between the parties; 

	 	(v)	 The mediation shall not affect the right of either party to seek such relief or take such steps as it considers
necessary to protect its interest; 

  

	 	(vi)	 Either party may advise the Tribunal that they have agreed to mediation. The arbitration procedure shall
continue during the conduct of the mediation but the Tribunal may take the mediation timetable into account when setting the timetable for steps in the arbitration; 

 

	 	(vii)	 Unless otherwise agreed or specified in the mediation terms, each party shall bear its own costs incurred in
the mediation and the parties shall share equally the mediator’s costs and expenses; and 

  

	 	(viii)	 The mediation process shall be without prejudice and confidential and no information or documents disclosed
during it shall be revealed to the Tribunal except to the extent that they are disclosable under the law and procedure governing the arbitration. 

  

	 	(c)	 If Box 21 in Part I is not appropriately filled in, Sub-clause
23(a) of this Clause shall apply. 

  

	24.	 Notices 

  

	 	(a)	 A notice or other communication given under this Agreement (a Notice) shall be: 

 

	 	(i)	     in writing; 

 

	 	(ii)	     in the English language; and 

 

	 	(iii)	     sent by the Permitted Method to the Notified Address. 

 

	 	(b)	 The Permitted Method means any of the methods set out in the first column below, the second column setting out
the date on which a Notice given by such Permitted Method shall be deemed to be given provided the Notice is properly addressed and sent in full to the Notified Address: 

 

			
	 (1)

Permitted Method
	  	 (2)

Date on which Notice deemed given

	Personal delivery	  	When left at the Notified Address
		
	Courier delivery	  	When left at the Notified Address
		
	E-mail	  	When actually received by the recipient (or made available to the recipient) in readable form

  

	 	(c)	 The “Notified Address” (including fax number) of each of the Parties is the address set out below, or
as subsequently notified to all Parties in writing: 

  

	 	(i)	     to the Owners at:     

	 	  	       c/o Technomar Shipping Inc. 

	 	  	       3-5 Menandrou Str.

	 	  	       14561, Kifissia, 

	 	  	       Athens, Greece 

 

	 	  	       E-mail address:
tbaltatzis@technomar.gr 

  

	 	  	       With a copy to: legalconfidential@technomar.gr

  

	 	  	       Attention: Mr Thedore Baltatzis 

	 	(ii)	     to Managers at: 

	 	  	       c/o Technomar Shipping Inc. 

	 	  	       3-5 Menandrou Str.

	 	  	       14561, Kifissia, 

	 	  	       Athens, Greece 

 

	 	  	       E-mail address:
popig@echart.gr 

  

	 	  	       With a copy to: chartering@echart.gr 

 

	 	  	       Attention: Mrs Popi Giannopoulou 

 

	 	  	       or to such other address as is notified by one Party to the other Party
under this Agreement. 

  

	25.	 Entire Agreement 

This Agreement constitutes the entire agreement between the parties and no promise, undertaking, representation, warranty or statement by
either party prior to the date stated in Box 2 shall affect this Agreement. Any modification of this Agreement shall not be of any effect unless in writing signed by or on behalf of the parties. 

 

	26.	 Third Party Rights 

Except to the extent provided in Sub-clauses 17(c) (Indemnity) and 17(d) (Himalaya), no third parties
may enforce any term of this Agreement. 
  

	27.	 Partial Validity 

If any provision of this Agreement is or becomes or is held by any arbitrator or other competent body to be illegal, invalid or unenforceable
in any respect under any law or jurisdiction, the provision shall be deemed to be amended to the extent necessary to avoid such illegality, invalidity or unenforceability, or, if such amendment is not possible, the provision shall be deemed to be
deleted from this Agreement to the extent of such illegality, invalidity or unenforceability, and the remaining provisions shall continue in full force and effect and shall not in any way be affected or impaired thereby. 

 

	28.	 Confidentiality 

The Managers shall keep confidential the Confidential Information disclosed to it by or on behalf of the Owners or howsoever otherwise
obtained, developed or created by the Managers. 
 The Managers shall: 

(a) use the Confidential Information solely in connection with the performance of its obligations under this Agreement; and 

(b) take all action reasonably necessary to secure the Confidential Information against theft, loss or unauthorised disclosure. 

The restrictions on use or disclosure of Confidential Information in this clause 28 do not apply to information which is: 

 

	(a)	 generally available in the public domain, other than as a result of the Managers’ breach of any obligation
under this clause 28; or 

  

	(b)	 lawfully acquired from a third party who owes no obligation of confidentiality in respect of the information;
or 

  

	(c)	 independently developed by the Managers, or was in the Managers’ lawful possession prior to receipt from
the Owners. 

 The Managers may disclose the Confidential Information without the prior written consent of the Owners: 

 

	(a)	 to its Affiliates and subcontractors, to whom disclosure is required for the performance of its obligations
under this Agreement, but only to the extent necessary to perform such obligations (together the Permitted Disclosees); or 

  

	(b)	 if, and to the extent that, such information is required to be disclosed (including by way of an announcement)
by the rules of any stock exchange or by any governmental, regulatory or supervisory body (including, without limitation, any taxation authority) or court of competent jurisdiction (Relevant Authority) to which the Owners or Managers are
subject, provided that the Managers shall, if they are not so prohibited by law, provide the Owners with prompt notice of any such requirement or request. 

The Managers shall: 
  

	(a)	 before disclosing Confidential Information to a Permitted Disclosee, to the extent reasonably practicable,
notify the Owners in writing of the intended disclosure and the identity of the intended Permitted Disclosee; 

  

	(b)	 ensure that such Permitted Disclosee is aware of and complies with the Managers’ obligations under this
clause 28 as if it were the Managers; and 

 (c) be responsible for the acts and omissions of any Permitted Disclosee in relation to the Confidential
Information as if they were the acts or omissions of the Managers. 
 The parties agree that damages may not be an adequate remedy for the
Managers’ breach of this clause 28 and (to the extent permitted by the court) the Owners shall be entitled to seek an injunction or specific performance in respect of such breach. 

 

	29.	 Interpretation 

In this Agreement: 
 (a)
Singular/Plural 
 The singular includes the plural and vice versa as the context admits or requires. 

(b) Headings 
 The index
and heading to the clauses and appendices to this Agreement are for convenience only and shall not affect its construction or interpretation. 

(c) Day 
 “Day” means a
calendar day unless expressly stated to the contrary. 
  

	30.	 Acts of the Technical Managers 

Notwithstanding anything contained in this Agreement to the contrary, the Owners shall have no liability, through indemnification or otherwise, for any
damages, losses, or claims of any kind whatsoever of the Managers arising from or in any way related to the acts or omissions of the Technical Managers, nor shall the Managers have any right to terminate this Agreement for any circumstance or event
arising out of or in any way related to any acts or omissions of the Technical Managers. 
  

	31.	 Assignment and transfer 

 

	(a)	 The Owners may assign all of their rights under this Agreement to any mortgagee of the Vessel provided that
such assignment shall not otherwise prejudice the rights of the Managers under this Agreement, including its rights to terminate this Agreement pursuant to the terms hereof. Upon satisfaction of the condition set forth in the first sentence of this
Clause 31(a), the Managers hereby agree to enter into an acknowledgment of such assignment in such formas the mortgagee may reasonably request. 

  

	(b)	 The Managers may not assign all or any of their rights under this Agreement without the prior written consent
of the Owners; 

  

	(c)	 Neither party shall be entitled to transfer all or any of its obligations, duties or liabilities under this
Agreement unless: 

  

	 	(i)	 the same is expressly permitted under the terms of this Agreement; or 

	 	(ii)	 it has received the prior written consent of the other party. 

 Annex A – Details of Vessel 

M/V AGIOS DIMITRIOS 
 IMO NUMBER 9349605 

GLSS CELLULAR CONTAINER VSL 
 BLT 2011 - B.V - LIBERIA FLAG 

DWAT 85.700 MT ON 14.52 M DRAFT 
 LOA/BEAM 299.20 / 40.00 M 

NOM 6572 TEUS / 5002 AT 14 T 
 REEFER: 500 PLUGS 

SP/CONS ABT 21/109, OR 19/87, OR 16/58, OR 13/32 
 M/V
ALEXANDRA 
 IMO NUMBER 9635676 
 GLSS CELLULAR
CONTAINER VSL 
 BLT 2013 - RINA - MARSHALL ISLANDS FLAG 
 DWAT
80.274 MT ON 14.52 M DRAFT 
 LOA/BEAM 270.07 / 42.80 M 
 NOM
6927 TEUS / 5120 AT 14 T 
 REEFER: 1200 PLUGS 
 SP/CONS
ABT 23/128, OR 21/91, OR 19/67.5, OR 17/49, OR 11/15 
 AIR DRAFT: 57.50 M WITH TILTED MAST 

M/V ANTHEA Y 
 IMO NUMBER 9710244 

GLSS CELLULAR CONTAINER VSL 
 BLT 2015 -RINA/G.L - MARSHALL
ISLANDS FLAG 
 DWAT 110.903 MT ON 14.50 M DRAFT 
 LOA/BEAM
299.99 / 48.20 M 
 NOM 9115 TEUS / 7578 AT 14 T 

REEFER: 1500 PLUGS 
 SP/CONS ABT 22/127, OR 18/68, OR 16/50, OR
14/36 
 M/V ARGOS 
 IMO NUMBER
9477787     
 GLSS CELLULAR CONTAINER VSL 

BLT 2012 -BV - LIBERIA 

DWAT 49.891 MT ON 12.60 M DRAFT 
 LOA/BEAM 261.06 / 32.20 M 

NOM 4253 TEUS / 2781 AT 14 T 
 REEFER: 698 PLUGS 

SP/CONS ABT 21/87.5, OR 18/59, OR 16/48, OR 14/38.5 
 M/V
ATHENA 
 IMO NUMBER 9275361 
 GLSS CELLULAR
CONTAINER VSL 
 BLT 2003 - NK - PANAMA FLAG 
 DWAT 43.093 MT ON
12.52 M DRAFT 
 LOA/BEAM 234.62 / 32.20 M 
 NOM 2762
TEUS / 2330 AT 14 T 
 REEFER: 300 PLUGS 
 SP/CONS ABT 20/73 OR
17/45 OR 15/35 OR 13/23 

 M/V DIMITRIS Y 

IMO NUMBER 9189354 
 GLSS CELLULAR CONTAINER VSL 

BLT 2000 - B.V - LIBERIA FLAG 
 DWAT 67.624 MT ON 14.00 M DRAFT

 LOA/BEAM 278.01 / 40.00 M 
 NOM 5936 TEUS / 4312 AT 14
T 
 REEFER: 500 PLUGS 
 SP/CONS ABT 21/108, OR 19/85, OR 17/64,
OR 14/40 
 M/V DOLPHIN II 
 IMO NUMBER 9318125

 GLSS CELLULAR CONTAINER VSL 
 BLT 2007 - BV - PANAMA FLAG

 DWAT 65.892 MT ON 13.50 M DRAFT 
 LOA/BEAM 294.11 / 32.20 M

 NOM 5095 TEUS / 3306 AT 14 T 
 REEFER: 330 PLUGS 

SP/CONS ABT 21/102, OR 19/80 OR 17/61 OR 14/35 
 M/V IAN H

 IMO NUMBER 9189500 
 GLSS CELLULAR CONTAINER VSL

 BLT 2000 - B.V - LIBERIA FLAG 
 DWAT 67.785 MT ON 14.00 M
DRAFT 
 LOA/BEAM 278.01 / 40.00 M 
 NOM 5936 TEUS / 4312
AT 14 T 
 REEFER: 500 PLUGS 
 SP/CONS ABT 21/108, OR 19/85, OR
17/64, OR 14/40 
 M/V KATHERINE 
 IMO NUMBER 9641235

 GLSS CELLULAR CONTAINER VSL 
 BLT 2013 - RINA - MARSHALL
ISLANDS FLAG 
 DWAT 80.295 MT ON 14.52 M DRAFT 
 LOA/BEAM
270.07 / 42.80 M 
 NOM 6927 TEUS / 5120 AT 14 T 

REEFER: 1200 PLUGS 
 SP/CONS ABT 23/128, OR 21/91, OR 19/67.5, OR
17/49, OR 11/15 
 M/V KRISTINA 
 IMO NUMBER 9641223

 GLSS CELLULAR CONTAINER VSL 
 BLT 2013 - RINA - MARSHALL
ISLANDS FLAG 
 DWAT 80.274 MT ON 14.52 M DRAFT 
 LOA/BEAM
270.07 / 42.80 M 
 NOM 6927 TEUS / 5120 AT 14 T 

REEFER: 1200 PLUGS 
 SP/CONS ABT 23/128, OR 21/91, OR 19/67.5, OR
17/49, OR 11/15 

 M/V MAIRA XL 

IMO NUMBER 9710232 
 GLSS CELLULAR CONTAINER VSL 

BLT 2015 -RINA/G.L - MARSHALL ISLANDS FLAG 
 DWAT 110.972 MT ON
14.50 M DRAFT 
 LOA/BEAM 299.99 / 48.20 M 
 NOM 9115
TEUS / 7578 AT 14 T 
 REEFER: 1500 PLUGS 
 SP/CONS ABT 22/127,
OR 18/68, OR 16/50, OR 14/36 
 M/V MAIRA 
 IMO
NUMBER 9203502 
 GRD CONTAINER VSL 
 BLT 2000 - RINA -
PANAMA FLAG 
 DWAT 32.391 MT ON 11.42 M DRAFT 
 LOA/BEAM 207.16
/ 29.80 M 
 NOM 2506 TEUS / 1805 AT 14 T 
 REEFER: 420
PLUGS 
 SP/CONS ABT 21/73, OR 19/57 OR 15/32 OR 12/18 
 M/V
MARY 
 IMO NUMBER 9635664 
 GLSS CELLULAR CONTAINER
VSL 
 BLT 2013 - RINA - MARSHALL ISLANDS FLAG 
 DWAT 80.274 MT
ON 14.52 M DRAFT 
 LOA/BEAM 270.07 / 42.80 M 
 NOM 6927
TEUS / 5120 AT 14 T 
 REEFER: 1200 PLUGS 
 SP/CONS ABT 23/128,
OR 21/91, OR 19/67.5, OR 17/49, OR 11/15 
 AIR DRAFT: 55.90 M WITH TILTED MAST 

M/V NEWYORKER 
 IMO NUMBER 9209104 

GRD CONTAINER VSL 
 BLT 2001 - RINA - PANAMA FLAG 

DWAT 32.391 MT ON 11.42 M DRAFT 
 LOA/BEAM 207.16 / 29.80 M 

NOM 2506 TEUS / 1805 AT 14 T 
 REEFER: 420 PLUGS 

SP/CONS ABT 21/73, OR 19/57 OR 15/32 OR 12/18 
 M/V NIKOLAS

 IMO NUMBER 9203526 
 GRD CONTAINER VSL 

BLT 2000 - RINA - PANAMA FLAG 
 DWAT 32.391 MT ON 11.42 M DRAFT

 LOA/BEAM 207.16 / 29.80 M 
 NOM 2506 TEUS / 1805 AT 14
T 
 REEFER: 420 PLUGS 
 SP/CONS ABT 21/73, OR 19/57 OR 15/33 OR
12/18 

 M/V ORCA I 

IMO NUMBER 9318113 
 GLSS CELLULAR CONTAINER VSL 

BLT 2006 - BV - PANAMA FLAG 
 DWAT 65.955 MT ON 13.50 M DRAFT 

LOA/BEAM 294.11 / 32.20 M 
 NOM 5095 TEUS / 3306 AT 14 T

 REEFER: 330 PLUGS 
 SP/CONS ABT 21/102, OR 19/80 OR 17/61 OR
14/35 
 M/V TASMAN 
 IMO NUMBER 9189342 

GLSS CELLULAR CONTAINER VSL 
 BLT 2000 - B.V - MARSHALL ISLANDS
FLAG 
 DWAT 67.902 MT ON 14.00 M DRAFT 
 LOA/BEAM 278.01 /
40.00 M 
 NOM 5936 TEUS / 4312 AT 14 T 
 REEFER: 500
PLUGS 
 SP/CONS ABT 21/108, OR 19/85, OR 17/64, OR 14/40 

M/V UASC AL KHOR 
 IMO NUMBER 9710220 

GLSS CELLULAR CONTAINER VSL 
 BLT 2015 -RINA/G.L - MARSHALL
ISLANDS FLAG 
 DWAT 111.029 MT ON 14.50 M DRAFT 
 LOA/BEAM
299.99 / 48.20 M 
 NOM 9115 TEUS / 7558 AT 14 T 

REEFER: 1500 PLUGS 
 SP/CONS ABT 22/126.5, OR 18/68, OR 16/49.5,
OR 14/35.5 
 M/V UASC BUBIYAN 
 IMO NUMBER 9686900

 GLSS CELLULAR CONTAINER VSL 
 BLT 2015 - G.L/RINA -
MARSHALL ISLANDS FLAG 
 DWAT 79.274 MT ON 14.55 M DRAFT 

LOA/BEAM 270.90 / 42.80 M 
 NOM 6882 TEUS / 5105 AT 14 T

 REEFER: 1200 PLUGS 
 SP/CONS ABT 23/125, OR 19/65, OR
16/39.5, OR 13/21.5 
 M/V UASC YAS 
 IMO NUMBER
9686912 
 GLSS CELLULAR CONTAINER VSL 
 BLT 2015 - G.L/RINA
- MARSHALL ISLANDS FLAG 
 DWAT 79.329 MT ON 14.55 M DRAFT 

LOA/BEAM 270.90 / 42.80 M 
 NOM 6882 TEUS / 5105 AT 14 T

 REEFER: 1200 PLUGS 
 SP/CONS ABT 23/125, OR 19/65, OR
16/39.5, OR 13/21.5 
 *** ALL ABOVE FIGURES ABOUT WOG AND GIVEN IN GOOD FAITH ***

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