Document:

EX-10.13

 Exhibit 10.13 

Dated 15 January 2015 

PLATON MARINE LLC 
 REA
MARINE LLC 
 KRONOS MARINE LLC 

SOCRATES MARINE LLC 
 as
Borrowers 
 and 
 ABN AMRO
BANK N.V. 
 and others 

as Lenders 
 and 

ABN AMRO BANK N.V. 
 as
Agent 
 and 
 ABN AMRO BANK
N.V. 
 as Security Agent 

SUPPLEMENTAL & RELEASE AGREEMENT 

relating to 
 a Loan Agreement dated
29 November 2011 
 as amended and supplemented pursuant to a first supplemental letter dated 30 July 2014 

 
 

 

 Index 
  

							
	Clause	  	Page	 
	 1
	 	 Interpretation
	  	 	2	  
	 2
	 	 Agreement of the Lenders
	  	 	4	  
	 3
	 	 Conditions Precedent
	  	 	4	  
	 4
	 	 Representations and Warranties
	  	 	6	  
	 5
	 	 Amendments to Loan Agreement
	  	 	7	  
	 6
	 	 Further Assurances
	  	 	9	  
	 7
	 	 Expenses
	  	 	10	  
	 8
	 	 Notices
	  	 	10	  
	 9
	 	 Miscellaneous
	  	 	10	  
	 10
	 	 Law and Jurisdiction
	  	 	10	  
	 Execution Page
	  	 	11	  
	 Appendix A Released Finance Documents
	  	 	13	  
	 Schedule 1 Lenders
	  	 	14	  

 THIS SUPPLEMENTAL & RELEASE AGREEMENT is made on 15 January 2015 

PARTIES 
  

	(1)	PLATON MARINE LLC, REA MARINE LLC, KRONOS MARINE LLC and SOCRATES MARINE LLC, each a limited liability company formed and existing under the laws of the Republic of the Marshall Islands, whose registered
office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960 as borrowers (the “Borrowers”); 

  

	(2)	THE BANKS AND FINANCIAL INSTITUTIONS listed in Schedule 1, each acting through its office at the address indicated against its name in Schedule 1 (together, the “Lenders” and each a
“Lender”); 

  

	(3)	ABN AMRO BANK N.V., whose registered address is at Gustav Mahlerlaan 10, 1082 PP Amsterdam, The Netherlands, acting as agent, arranger and underwriter through its office at Coolsingel 93, 3012 AE Rotterdam, The
Netherlands (the “Agent”); and 

  

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

 BACKGROUND 
  

	(A)	By a loan agreement dated 29 November 2011, as amended and supplemented by a first supplemental letter dated 30 July 2014 (the “First Supplemental Letter”) made between (i) the Borrowers,
(ii) the Lenders, (iii) the Agent and (ii) the Security Agent (together, the “Loan Agreement”), the Lenders agreed to advance to the Borrowers an aggregate amount of (originally) up to US$91,371,000 upon the terms and
conditions therein contained of which US$32,500,488 is outstanding as at the date hereof. 

  

	(B)	The Borrowers wish to delete their respective Vessels from the flag of Hong Kong and register such Vessels under the laws and flag of an Approved Flag State. 

 

	(C)	The Borrowers have requested that the Finance Parties agree to: 

  

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

  

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

 

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

 

	(D)	This Agreement sets out the terms and conditions upon which the Lenders shall give their consent to the Borrowers’ request and shall continue to make the Loan available under the Loan Agreement. 

 OPERATIVE PROVISIONS 
  

	1	INTERPRETATION 

  

	1.1	Defined expressions 

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

	1.2	Definitions 

 In this Agreement, unless the contrary intention appears: 

“Approved Flag State” means, in relation to each Vessel, the Republic of Liberia or the Republic of the Marshall Islands or
any other jurisdiction acceptable to the Agent in its discretion. 
 “Effective Dates” means the Kronos Effective Date, the
Platon Effective Date, the Rea Effective Date and the Socrates Effective Date and “Effective Date” means any one of them. 

“Kronos” means Kronos Marine LLC, a limited liability company formed in the Republic of the Marshall Islands whose registered
office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall Islands, MH96960. 
 “Kronos
Effective Date” means the date on which the Agent confirms to the Borrowers in writing substantially in the form set out in Schedule 2 that all the conditions precedent in Clause 3.1 and 3.2 (in respect of the Kronos Vessel) have been
satisfied, which confirmation the Agent shall be under no obligation to give if an Event of Default or a Default shall have occurred and shall have remained unremedied. 

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

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

“New Mortgages” means the first preferred mortgage over each of the Vessels, each to be registered in accordance with the laws
of an Approved Flag State in favour of the Security Agent, in a form approved in writing by the Agent, and “New Mortgage” means any one of them. 

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

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

“Original Mortgages” means the first priority Hong Kong mortgage over each of the Vessels, each in favour of the Security
Agent, in the form approved in writing by the Agent, and “Original Mortgage” means any one of them. 

  
 2 

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

“Platon Effective Date” means the date on which the Agent confirms to the Borrowers in writing substantially in the form set
out in Schedule 2 that all the conditions precedent in Clause 3.1 and 3.2 (in respect of the Platon Vessel) have been satisfied, which confirmation the Agent shall be under no obligation to give if an Event of Default or a Default shall have
occurred and shall have remained unremedied. 
 “Platon Vessel” means the 1996-built 5,500 TEU Panamax container carrier
vessel having the name “JAPAN” with IMO number 9102306 and everything now or in the future belonging to it on board and ashore, currently registered under the flag of Hong Kong in the ownership of Platon. 

“Rea” means Rea Marine LLC, a limited liability company formed in the Republic of the Marshall Islands whose registered office
is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall Islands, MH96960. 
 “Rea Effective
Date” means the date on which the Agent confirms to the Borrowers in writing substantially in the form set out in Schedule 2 that all the conditions precedent in Clause 3.1 and 3.2 (in respect of the Rea Vessel) have been satisfied, which
confirmation the Agent shall be under no obligation to give if an Event of Default or a Default shall have occurred and shall have remained unremedied. 

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

“Reflagging Date” means, in respect of each Vessel, the date on which that Vessel is deleted from the flag of Hong Kong and is
registered under the laws and flag of an Approved Flag State subject to the terms and conditions in this Agreement. 
 “Released
Finance Documents” means the Original Mortgages, the Original Deeds of Covenants and the Original Assignments. 
 “Security
Parties” means the Borrowers, the Guarantor, the Pledgor, the Managers, the Collateral Owner and any other person who may at any time during the Facility Period be liable for, or provide security for, all or part of the Indebtedness, and
“Security Party” means any one of them. 
 “Socrates” means Socrates Marine LLC, a limited liability
company formed in the Republic of the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405 Majuro, Marshall Islands, MH96960. 

“Socrates Effective Date” means the date on which the Agent confirms to the Borrowers in writing substantially in the form set
out in Schedule 2 that all the conditions precedent in Clause 3.1 and 3.2 (in respect of the Socrates Vessel) have been satisfied, which confirmation the Agent shall be under no obligation to give if an Event of Default or a Default shall have
occurred and shall have remained unremedied. 
 “Socrates Vessel” means the 1996-built 5,500 TEU Panamax container carrier
vessel having the name “OOCL BRITAIN” with IMO number 9102318 and everything now or in the future belonging to it on board and ashore, currently registered under the flag of Hong Kong in the ownership of Socrates. 

  
 3 

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

“Zeus Loan Agreement” means the loan agreement dated 10 February 2011 (as amended and supplemented, from time to time)
and made between (i) Zeus (as borrower) and (ii) ABN Amro Bank N.V. (as lender) in respect of a loan facility of (originally) up to US$31,500,000. 
  

	1.3	Application of construction and interpretation provisions of Loan Agreement 

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

	2	AGREEMENT OF THE LENDERS 

  

	2.1	Agreement of the Finance Parties 

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

	2.2	Borrowers’ agreement and confirmation 

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

	2.3	Agreement of Finance Parties 

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

	3	CONDITIONS PRECEDENT 

  

	3.1	General conditions precedent 

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

  
 4 

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

 

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

  

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

  

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

  

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

  

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

 

	(f)	Process agent Evidence that the process agent referred to in clause 23.5 of the Loan Agreement has accepted its appointment as agent for service of process in relation to any proceedings before the English courts
in connection with this Agreement. 

  

	3.2	Effective Date conditions precedent 

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

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

  

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

  

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

  

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

  

	(e)	Process agent Evidence that the process agent referred to in clause 23.5 of the Loan Agreement has accepted its appointment as agent for service of process in relation to any proceedings before the English courts
in connection with the relevant New Mortgage in respect of that Vessel. 

  
 5 

	3.3	Conditions subsequent 

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

 

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

 

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

 

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

  

	(d)	Second priority mortgage Evidence satisfactory to the Agent that the relevant conditions for the reflagging and registration of a second priority mortgage in respect of that Vessel in favour of ABN Amro Bank N.V.
(as lender) under the relevant supplemental & release agreement of the Zeus Loan Agreement have been satisfied immediately following the reflagging and registration under Clause 3.2(a); 

 

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

 

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

 

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

  

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

 

	 	(iii)	that Vessel’s current SMC; 

  

	 	(iv)	the ISM Company’s current DOC; 

  

	 	(v)	that Vessel’s current ISSC; 

  

	 	(vi)	that Vessel’s current IAPPC; 

  

	 	(vii)	that Vessel’s current Tonnage Certificate, 

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

	4	REPRESENTATIONS AND WARRANTIES 

  

	4.1	Repetition of Loan Agreement representations and warranties 

 The Borrowers represent and
warrant to the Agent that the representations and warranties in clause 11 of the Loan Agreement, as further amended and supplemented by this 

  
 6 

 
Agreement and updated with appropriate modifications to refer to this Agreement, remain true and not misleading if repeated on the date of this Agreement with reference to the circumstances now
existing. 
  

	5	AMENDMENTS TO LOAN AGREEMENT 

  

	5.1	Specific amendments to Loan Agreement 

  

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

  

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

 

	 	(ii)	by amending all references to the “flag of Hong Kong” (howsoever described) to the flag of an Approved Flag State; 

  

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

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

 

	 	(iv)	by deleting the definition of “Deed of Covenants” in clause 1.1 thereof and all references thereto; 

  

	 	(v)	by deleting the current definition of “Mortgages” in Clause 1.1 thereof and including the definition as follows: 

“‘Mortgages’ means the first preferred mortgages referred to in Clause 10.1.1 (Security Documents) and
‘Mortgage’ means each one of them.”; 
  

	 	(vi)	by deleting the words “first priority statutory mortgages over the Borrowers’ Vessels together with collateral deeds of covenants” in clause 10.1.1 and replacing the same with “first preferred
mortgages over the Borrowers’ Vessels”; and 

  

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

  

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

  

	 	“12.3.20	 The Borrowers undertake, promptly following the written request of the Agent, to execute and deliver to the Security Agent a third priority or, as the
case may be, preferred, mortgage (and if required by the relevant Approved Flag State, a deed of covenant collateral thereto), a collateral third priority general assignment over and in respect of their respective Borrower’s Vessel and any
other security documents required by the Agent in respect of the Borrowers’ Vessels, each in form and substance acceptable to the Agent, and to cause such mortgage to be permanently registered in accordance with the laws of the relevant
Approved Flag 

  
 7 

	 	
State as security for the obligations of the borrowers under the Collateral Loan Agreement, or, if required by the Agent, to secure a guarantee given or to be given by the Borrowers of the
obligations of the borrowers of the Collateral Loan Agreement, together with such other documents equivalent to those referred to at paragraphs (a), (b), (c), (e) and (h) of Schedule 2, Part I as the Agent may require.”; and

  

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

  

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

 

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

 

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

 

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

 

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

 

	5.2	Amendments to the Finance Documents 

  

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

 

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

  

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

  

	 	(i)	the reference in the Assignment in respect of that Vessel to the first priority statutory mortgage of the Owner’s Hong Kong flag Vessel and collateral deed of covenants shall be deleted and replaced by a reference
to the first preferred mortgage under the flag of an Approved Flag State; 

  

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

 

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

 

	 	(iv)	by amending the definition of any term defined in any of the Finance Documents (other than the Loan Agreement), to the extent necessary, to reflect the amendments to the Loan Agreement made in this Agreement;

  
 8 

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

 

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

 

	5.3	Documents to remain in full force and effect 

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

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

  

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

  

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

  

	6	FURTHER ASSURANCES 

  

	6.1	Borrowers’ obligation to execute further documents etc 

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

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

  

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

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

	6.2	Purposes of further assurances 

 Those purposes are: 

 

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

  

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

  

	6.3	Terms of further assurances 

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

 

	6.4	Obligation to comply with notice 

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

  
 9 

	6.5	Additional corporate action 

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

	7	EXPENSES 

  

	7.1	Indemnities and Fees 

 The provisions of clause 8 (Indemnities) and clause 9 (Fees) of
the Loan Agreement, as amended and supplemented by this Agreement, shall apply to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. 

 

	8	NOTICES 

 The provisions of clause 18 (Notices) of the Loan Agreement, as amended and
supplemented by this Agreement, shall apply to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. 
  

	9	MISCELLANEOUS 

  

	9.1	Counterparts 

 This Agreement may be executed in any number of counterparts. 

 

	9.2	Third party rights 

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

	10	LAW AND JURISDICTION 

  

	10.1	Governing law 

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

	10.2	Incorporation of the Loan Agreement provisions 

 The provisions of clause 23 (Law and
Jurisdiction) of the Loan Agreement, as amended and supplemented by this Agreement, shall apply to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. 

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

  
 10 

 EXECUTION PAGE 
  

							
	BORROWERS	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by PLATON MARINE LLC	    	)	    		  	
	acting by Filanthi Katsafadou	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Filanthi Katsafadou
	  	
				
	 /s/ Pat Skala
	    		    		  	
	Pat Skala	    		    		  	
	Watson, Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by KRONOS MARINE LLC	    	)	    		  	
	acting by Filanthi Katsafadou	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Filanthi Katsafadou
	  	
				
	 /s/ Pat Skala
	    		    		  	
	Pat Skala	    		    		  	
	Watson, Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by SOCRATES MARINE LLC	    	)	    		  	
	acting by Filanthi Katsafadou	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Filanthi Katsafadou
	  	
				
	 /s/ Pat Skala
	    		    		  	
	Pat Skala	    		    		  	
	Watson, Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by REA MARINE LLC	    	)	    		  	
	acting by Filanthi Katsafadou	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Filanthi Katsafadou
	  	
				
	 /s/ Pat Skala
	    		    		  	
	Pat Skala	    		    		  	
	Watson, Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	

  
 11 

							
	LENDERS	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by ABN AMRO BANK N.V.	    	)	    		  	
	acting by Georgia Asimakopoulos	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Georgia Asimakopoulos
	  	
				
	 /s/ Pat Skala
	    		    		  	
	Pat Skala	    		    		  	
	Watson, Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	
				
	AGENT	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by ABN AMRO BANK N.V.	    	)	    		  	
	acting by Georgia Asimakopoulos	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Georgia Asimakopoulos
	  	
				
	 /s/ Pat Skala
	    		    		  	
	Pat Skala	    		    		  	
	Watson, Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	
				
	SECURITY AGENT	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by ABN AMRO BANK N.V.	    	)	    		  	
	acting by Georgia Asimakopoulos	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Georgia Asimakopoulos
	  	
				
	 /s/ Pat Skala
	    		    		  	
	Pat Skala	    		    		  	
	Watson, Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens – Greece	    		    		  	

  
 12 

 APPENDIX A 

RELEASED FINANCE DOCUMENTS 

Appendix A 
 Released
Finance Documents 
  

	1.	Hong Kong Ship Mortgage dated 5 December 2011 executed by Platon marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012000407). 

 

	2.	Deed of Assignment dated 5 December 2011 executed by Platon Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012000410). 

 

	3.	Deed of Covenants dated 5 December 2011 executed by Platon Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012000413). 

 

	4.	Hong Kong Ship Mortgage dated 15 December 2011 executed by Rea Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012001269). 

 

	5.	Deed of Assignment dated 15 December 2011 executed by Rea Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012001755). 

 

	6.	Deed of Covenants dated 15 December 2011 executed by Rea Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012001270). 

 

	7.	Hong Kong Ship Mortgage dated 20 December 2011 executed by Kronos Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012001257). 

 

	8.	Deed of Assignment dated 20 December 2011 executed by Kronos Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012001261). 

 

	9.	Deed of Covenants dated 20 December 2011 executed by Kronos Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012001756). 

 

	10.	Hong Kong Ship Mortgage dated 14 December 2011 executed by Socrates Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012001263). 

 

	11.	Deed of Assignment dated 14 December 2011 executed by Socrates Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012001265). 

 

	12.	Deed of Covenants dated 14 December 2011 executed by Socrates Marine LLC in favour of ABN AMRO BANK N.V. (Charge Registration No. 2012001267). 

  
 13 

 SCHEDULE 1 

LENDERS 
  

			
	Lenders	  	Lending Office
		
	ABN AMRO BANK N.V.	  	 Coolsingel 93
 3012 AE Rotterdam

The Netherlands

  
 14 

 SCHEDULE 2 

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

 

	To:	PLATON MARINE LLC 

 REA MARINE LLC 

KRONOS MARINE LLC 

SOCRATES MARINE LLC 
 c/o
3-5 Menandrou Street 
 145 61 Kifisia 

Athens, Greece 
 Fax: +30 210
8084224 
 Attn: Legal Department 

[●] 2015 
 Dear Sirs 

We refer to the supplemental & release agreement (the “Supplemental Agreement”) dated [●] 2015 made between
(i) yourselves as Borrowers, (ii) the banks and financial institutions listed in Schedule 1 thereof as Lenders and (ii) ourselves, as Agent and Security Agent. 

Words and expressions defined in the Supplemental Agreement shall have the same meaning when used in this letter. 

We write to confirm that the conditions precedent in Clause 3.1 and 3.2 of the Supplemental Agreement have been fulfilled in respect of the [●] Vessel
and that [accordingly] the [Platon] [Rea] [Kronos] [Socrates] Effective Date is [●] 2015. 
 Yours faithfully 

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

  
 15 

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

GUARANTOR and PLEDGOR 
  

	
	 /s/ Georgios Giouroukos

	Georgios Giouroukos
	 Director/Chief Executive Office
 for and on
behalf of

	POSEIDON CONTAINERS HOLDINGS INC.

 COLLATERAL OWNER 
  

	
	 /s/ Filanthi Katsafadou

	Filanthi Katsafadou
	 Attorney-in-Fact
 for and on behalf
of

	ZEUS ONE MARINE LLC

  
 16EX-10.14

 Exhibit 10.14 

Dated 24 April 2015 

PLATON MARINE LLC 
 REA
MARINE LLC 
 KRONOS MARINE LLC 

SOCRATES MARINE LLC 
 as
joint and several Borrowers 
 and 

THE BANKS AND FINANCIAL INSTITUTIONS 

listed in Schedule 1 
 as
Lenders 
 and 
 ABN AMRO
BANK N.V. 
 as Agent and Security Agent 

and 
 POSEIDON CONTAINERS
HOLDINGS LLC 
 as Guarantor 

SECOND SUPPLEMENTAL AGREEMENT 

relating to a Loan Agreement dated 29 November 2011 

(as amended and supplemented by a first supplemental letter dated 30 July 2014 

and a supplemental and release agreement dated 15 January 2015) 
  

 

 Index 
  

							
	Clause	 	 	  	Page	 
	 1
	 	 Interpretation
	  	 	2	  
	 2
	 	 Agreement of the Finance Parties
	  	 	5	  
	 3
	 	 Conditions Precedent and Conditions Subsequent
	  	 	5	  
	 4
	 	 Representations and Warranties
	  	 	8	  
	 5
	 	 Amendments to Loan Agreement
	  	 	8	  
	 6
	 	 Further Assurances
	  	 	11	  
	 7
	 	 Expenses
	  	 	12	  
	 8
	 	 Notices
	  	 	12	  
	 9
	 	 Miscellaneous
	  	 	12	  
	 10
	 	 Law and Jurisdiction
	  	 	13	  
	 Execution Page
	  	 	14	  
	 Schedule 1 Lenders
	  	 	17	  
	 Schedule 2 Form of Effective Date Notice
	  	 	18	  

 THIS SECOND SUPPLEMENTAL AGREEMENT is made on 24 April 2015 

PARTIES 
  

	(1)	PLATON MARINE LLC, REA MARINE LLC, KRONOS MARINE LLC and SOCRATES MARINE LLC, each a limited liability company formed and existing under the laws of the Republic of the Marshall Islands, whose registered
office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960 as joint and several borrowers (the “Borrowers” and, in the singular, means any of them); 

 

	(2)	THE BANKS AND FINANCIAL INSTITUTIONS listed in Schedule 1, each acting through its office at the address indicated against its name in Schedule 1 (together, the “Lenders” and each a
“Lender”); 

  

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

  

	(4)	ABN AMRO BANK N.V., whose registered address is at Gustav Mahlerlaan 10, 1082 PP Amsterdam, The Netherlands, acting as security agent through its office at Coolsingel 93, 3012 AE Rotterdam, The Netherlands (the
“Security Agent”); 

  

	(5)	POSEIDON CONTAINERS HOLDINGS LLC, a limited liability company formed and existing under the laws of the Republic of the Marshall Islands, whose registered office is at Trust Company Complex, Ajeltake Road,
Ajeltake Island, Majuro, Marshall Islands, MH96960 as guarantor (the “Guarantor”). 

 BACKGROUND 

 

	(A)	By a loan agreement dated 29 November 2011 (as amended and supplemented by a supplemental letter dated 30 July 2014 and a supplemental and release agreement dated 15 January 2015 and as may be further
amended and supplemented from time to time, the “Loan Agreement”) made between (i) the Borrowers, (ii) the Lenders, (iii) the Agent and (ii) the Security Agent, the Lenders agreed to advance to the Borrowers an
aggregate amount of (originally) up to US$91,371,000 upon the terms and conditions therein contained of which US$29,250,488 is outstanding by way of principal as at the date hereof. 

 

	(B)	By a loan agreement dated 17 December 2014 (as amended and restated by an amending and restating agreement dated 24 April 2015, the “Collateral Loan Agreement”) and made between
(i) Tasman Marine LLC, Hudson Marine LLC, Drake Marine LLC, Mercator Marine LLC and Barentsz Marine LLC as joint and several borrowers (the “Tasman Collateral Owners”), (ii) the banks and financial institutions listed in
schedule 1 thereto as lenders (the “Tasman Lenders”) and (iii) ABN AMRO Bank N.V. as agent, arranger, swap bank and security trustee, the Tasman Lenders agreed to make available to the Tasman Collateral Owners an aggregate
amount of (originally) up to US$62,500,000 upon the terms and conditions therein contained. 

  

	(C)	The Borrowers have requested that the Finance Parties agree to the execution and (where relevant) registration of the Third Priority Vessel Security Documents (as such term is defined in Clause 1.2 below) as additional
security for the obligations of the Tasman Collateral Owners under the Collateral Loan Agreement and any other finance document entered into pursuant to the Collateral Loan Agreement in consideration of the Tasman Collateral Owners executing and
(where required) register the Tasman Collateral Security Documents (as such term is defined in Clause 1.2 below) in favour of the Security Agent to further secure the Borrowers’ obligations under the Loan Agreement and the other Finance
Documents. 

	(D)	This Agreement sets out the terms and conditions upon which the Agent shall give its consent to the Borrowers’ request referred to in Recital (C) as well as the Lenders to continue to make available the loan
facility under the Loan Agreement including, without limitation, each of the Tasman Collateral Owners granting their respective Tasman Collateral Guarantee and the other relevant Tasman Collateral Security Documents, each in favour of the Security
Agent to secure the Borrowers’ obligations under the Loan Agreement and the other Finance Documents. 

 OPERATIVE PROVISIONS 

 

	1	INTERPRETATION 

  

	1.1	Defined expressions 

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

	1.2	Definitions 

 In this Agreement, unless the contrary intention appears: 

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

“Barentsz” means Barentsz Marine LLC, a limited liability company formed in the Marshall Islands, whose registered office is
at Trust Company Complex, Ajeltake Road, Ajeltake Islands, MH96960, Majuro, Marshall Islands. 
 “Barentsz Vessel” means the
2000-built container vessel of 5,468 TEU currently registered in the ownership of Bank of Scotland Structured Asset Finance Limited with IMO No. 9189366 under Bahamas flag with the name “NEDLLOYD BARENTSZ” which is to be purchased by
Barentsz and upon delivery to be registered in its ownership under an Approved Flag (as such term is defined in the Collateral Loan Agreement) with the name “MARCO R”. 

“Delivery Date” means, in relation to the Hudson Vessel, the Barentsz Vessel and the Drake Vessel, the day on which title and
possession of that Tasman Collateral Vessel is transferred to the Tasman Collateral Owner who will be the owner thereof pursuant to the terms of the sale agreement relative to that Tasman Collateral Vessel. 

“Drake” means Drake Marine LLC, a limited liability company formed in the Marshall Islands, whose registered office is at
Trust Company Complex, Ajeltake Road, Ajeltake Islands, MH96960, Majuro, Marshall Islands. 
 “Drake Vessel” means the
2000-built container vessel of 5,468 TEU currently registered in the ownership of Bank of Scotland Structured Asset Finance Limited with IMO No. 9189500 under UK flag with the name “NEDLLOYD DRAKE” which is to be purchased by Drake
and upon delivery to be registered in its ownership under an Approved Flag (as such term is defined in the Collateral Loan Agreement) with the name “IAN H”. 

“Effective Date” means the date on which the Agent confirms to the Borrowers in writing substantially in the form set out in
Schedule 2 that all the conditions precedent in Clause 3.1 have been satisfied, which confirmation the Agent shall be under no obligation to give if an Event of Default or a Default shall have occurred. 

“Hudson” means Hudson Marine LLC, a limited liability company formed in the Marshall Islands, whose registered office is at
Trust Company Complex, Ajeltake Road, Ajeltake Islands, MH96960, Majuro, Marshall Islands. 

  
 2 

 “Hudson Vessel” means the 2000-built container vessel of 5,468 TEU currently
registered in the ownership of Bank of Scotland Structured Asset Finance Limited with IMO No. 9189354 under UK flag with the name “NEDLLOYD HUDSON” which is to be purchased by Hudson and upon delivery to be registered in its ownership
under an Approved Flag (as such term is defined in the Collateral Loan Agreement) with the name “DIMITRIS Y”. 

“Intercreditor Agreement” means the intercreditor agreement made or to be made between (inter alia) the Security Agent,
the Zeus Lender and the Tasman Security Agent in the Agreed Form. 
 “Mercator” means Mercator Marine LLC, a limited
liability company formed in the Marshall Islands, whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Islands, MH96960, Majuro, Marshall Islands. 

“Mercator Vessel” means the 2000-built container vessel of 5,468 TEU registered in the ownership of Mercator with IMO
No. 9189495 under the Liberian flag with the name “FLEUR”. 
 “Security Parties” means, together, the
Borrowers, the Guarantor, the Pledgor, the Managers, the Collateral Owner, the Tasman Collateral Owners and any other person who may at any time during the Facility Period be liable for, or provide security for, all or part of the Indebtedness, and
‘Security Party’ means any one of them. 
 “Tasman” means Tasman Marine LLC, a limited liability company
formed in the Marshall Islands, whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Islands, MH96960, Majuro, Marshall Islands. 

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

“Tasman Collateral Charter Assignments” means, in respect of each Tasman Collateral Vessel, a second priority deed of
assignment of each Charter relative to that Tasman Collateral Vessel in favour of the Security Agent, in the Agreed Form, and “Tasman Collateral Charter Assignment” means any of them. 

“Tasman Collateral Guarantees” means the guarantee and indemnity granted or to be granted by each of the Tasman Collateral
Owners in favour of the Security Agent, in the Agreed Form, and “Tasman Collateral Guarantee” means any one of them. 

“Tasman Collateral Managers’ Undertakings” means, in respect of each Tasman Collateral Vessel, a second priority letter
of undertaking executed by each Manager in favour of the Security Agent in the terms required by the Agent agreeing certain matters in relation to the Manager serving as the Manager of that Tasman Collateral Vessel, subordinating its rights against
that Tasman Collateral Vessel and the relevant Tasman Collateral Owner to the rights of the Finance Parties under any of the Finance Documents and, in the case of Technomar Shipping Inc. (as technical manager), assigning its rights, title and
interest in the Insurances, each in favour of the Security Agent, in the Agreed Form, and “Tasman Collateral Managers’ Undertaking” means any one of them. 

“Tasman Collateral Mortgages” means, in respect of each Tasman Collateral Vessel, the second priority or, as the case may be,
preferred ship mortgage on that Tasman Collateral Vessel (and, if required pursuant to the laws of the flag state of that Vessel, a deed of covenant collateral thereto) over each Tasman Collateral Vessel, each in favour of the Security Agent, in the
Agreed Form, and “Tasman Collateral Mortgage” means any one of them. 

  
 3 

 “Tasman Collateral Owners” means Tasman, Hudson, Drake, Mercator and Barentsz
and “Tasman Collateral Owner” means any one of them. 
 “Tasman Collateral Security Documents”
means, together, the Tasman Collateral Guarantees, the Tasman Collateral Mortgages, the Tasman Collateral Assignments, the Tasman Collateral Charter Assignments and the Tasman Collateral Managers’ Undertakings and “Tasman Collateral
Security Document” means any one of them. 
 “Tasman Collateral Vessels” means the Tasman Vessel, the Hudson
Vessel, the Drake Vessel, the Mercator Vessel and the Barentsz Vessel and “Tasman Collateral Vessel” means any one of them. 

“Tasman Finance Documents” means the Finance Documents (as such term is defined in the Collateral Loan Agreement) entered
into, or to be entered into, pursuant to the Collateral Loan Agreement, and “Tasman Finance Document” means any of them. 

“Tasman Finance Parties” has the meaning given to the term “Creditor Parties” in the Collateral Loan Agreement. 

“Tasman Guarantees” means the guarantee and indemnity granted or to be granted by each Borrower in favour of the Tasman
Security Agent, in the Agreed Form, and “Tasman Guarantee” means any one of them. 
 “Tasman Security
Agent” means ABN AMRO Bank N.V. in its capacity as security trustee under the Collateral Loan Agreement. 
 “Tasman
Vessel” means the 2000-built container vessel of 5,468 TEU registered in the ownership of Tasman with IMO No. 9189342 under the Marshall Islands flag with the name “TASMAN”. 

“Third Preferred Mortgages” means, in respect of each Borrower’s Vessel, the third preferred or, as the case may be,
priority ship mortgage over each Borrower’s Vessel each in favour of the Tasman Security Agent, in the Agreed Form, and “Third Preferred Mortgage” means any one of them. 

“Third Priority Assignments” means, in respect of each Borrower’s Vessel, a third priority general assignment of, inter
alia, the Insurances, Earnings and Requisition Compensation in respect of the Borrowers’ Vessels in favour of the Tasman Security Agent, in the Agreed Form, and “Third Priority Assignment” means any of them. 

“Third Priority Charter Assignments” means in respect of each Borrower’s Vessel, a third priority assignment of each
Charter in respect of that Borrower’s Vessel in favour of the Tasman Security Agent, in the Agreed Form, and “Third Priority Charter Assignment” means any of them. 

“Third Priority Managers’ Undertakings” means, in respect of each Borrower’s Vessel, a third priority letter of
undertaking executed by each Manager in favour of the Tasman Security Agent in the terms required by the Tasman Security Agent agreeing certain matters in relation to the Manager serving as the Manager of that Borrower’s Vessel, subordinating
its rights against that Borrower’s Vessel and the relevant Borrower to the rights of the Tasman Finance Parties under any of the Tasman Finance Documents and, in the case of Technomar Shipping Inc. (as technical manager), assigning its rights,
title and interest in the Insurances, each in favour of the Tasman Security Agent, in the Agreed Form, and “Third Priority Managers’ Undertaking” means any one of them. 

“Third Priority Vessel Security Documents” means, together, the Tasman Guarantees, the Third Preferred Mortgages, the Third
Priority Assignments, the Third Priority Charter Assignments and the Third Priority Managers’ Undertakings and “Third Priority Vessel Security Document” means any one of them. 

  
 4 

 “Vessels” means the Platon Vessel, the Rea Vessel, the Kronos Vessel, the
Socrates Vessel, the Collateral Vessel and the Tasman Collateral Vessels and “Vessel” means any one of them. 
  

	1.3	Application of construction and interpretation provisions of Loan Agreement 

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

	2	AGREEMENT OF THE FINANCE PARTIES 

  

	2.1	Agreement of the Finance Parties 

 The Finance Parties agree, subject to and upon the
terms and conditions of this Agreement, to the Borrowers’ request as set out in Recital (C), and to the other amendments of the Loan Agreement and the Finance Documents as set out in Clause 5. 

 

	2.2	Borrowers’ agreement and confirmation 

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

	2.3	Agreement of Finance Parties 

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

	3	CONDITIONS PRECEDENT AND CONDITIONS SUBSEQUENT 

  

	3.1	Conditions precedent 

 The agreement of the Finance Parties contained in Clause 2.1 of
this Agreement shall be expressly subject to the condition that the Agent shall have received in form and substance satisfactory to it and its legal advisers, the following documents and evidence on or before the Effective Date: 

 

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

  

	(b)	 Officer’s certificate. A certificate of a duly authorised officer of each Borrower, the Collateral Owner, each Tasman Collateral Owner and
the Guarantor certifying that each copy document relating to it specified in sub-Clauses (c) to (e) of this Clause 3.1 is correct, complete and in full force and effect as at a date not later than the date of this Agreement

  
 5 

	 	
and setting out the names of the directors, officers and members or shareholders (as the case may be) of such Borrower or the Collateral Owner or such Tasman Collateral Owner or the Guarantor (as
the case may be) and the proportion of shares held by each member or shareholder (as the case may be); 

  

	(c)	Resolutions. Copies of resolutions of the sole member or members of the board of directors (as applicable) of each Borrower, the Collateral Owner, each Tasman Collateral Owner and the Guarantor approving the
terms of, and the transactions contemplated by, this Agreement, the Intercreditor Agreement and the Tasman Collateral Security Documents to which it is a party and authorising the execution of this Agreement and such Tasman Collateral Security
Documents to which it is a party; 

  

	(d)	Shareholders resolutions. Copies of resolutions of the members or shareholders (as the case may be) of each Borrower, the Collateral Owner, each Tasman Collateral Owner and the Guarantor approving the terms of,
and the transactions contemplated by, this Agreement, the Intercreditor Agreement and the Tasman Collateral Security Documents to which it is a party and authorising the execution of this Agreement and such Tasman Collateral Security Documents to
which it is a party; 

  

	(e)	Power of Attorney. A notarised and legalised power of attorney of each Borrower, the Collateral Owner, each Tasman Collateral Owner and the Guarantor under which this Agreement, the Intercreditor Agreement and
the Tasman Collateral Security Documents to which it is a party and any documents required pursuant to such Agreement and the Tasman Collateral Security Documents are to be executed by that Borrower, the Collateral Owner, that Tasman Collateral
Owner or the Guarantor; 

  

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

  

	(g)	Duly executed originals. A duly executed original of this Agreement, the Intercreditor Agreement and of each of the Tasman Collateral Security Documents (other than the Tasman Collateral Security Documents
relevant to the Hudson Vessel, the Barentsz Vessel and the Drake Vessel), duly executed by the parties to it together with all other documents required by any of them; 

 

	(h)	Process agent. Evidence that the process agent referred to in clause 23.5 of the Loan Agreement has accepted its appointment as agent for service of process in relation to any proceedings before the English
courts in connection with this Agreement, the Intercreditor Agreement and the Tasman Collateral Security Documents; 

  

	(i)	“Know your costumer” documents. Such documents and evidence as the Agent shall require in relation to the Tasman Collateral Owners (if any) based on applicable laws and regulations and the Agent’s
own internal guidelines, relating to the Agent’s knowledge of its customer; 

  

	(j)	Evidence of each Tasman Collateral Owner’s title. Certificates of ownership and encumbrance (or equivalent) in respect of each Tasman Collateral Vessel (other than the Hudson Vessel, the Barentsz Vessel and
the Drake Vessel), issued by the Registrar of Ships (or equivalent official) of the flag of the relevant flag state of that Tasman Collateral Vessel confirming that (i) that Tasman Collateral Vessel is permanently registered under that flag in
the ownership of the relevant Tasman Collateral Owner, (ii) the relevant Tasman Collateral Mortgage has been registered with second priority against that Tasman Collateral Vessel and (iii) there are no further Encumbrances registered
against that Tasman Collateral Vessel (other than a first preferred mortgage granted in favour of the Tasman Security Agent pursuant to the terms and conditions of the Collateral Loan Agreement and a third preferred mortgage granted in favour of the
Zeus Lender pursuant to the terms and conditions of the Zeus Loan Agreement); 

  
 6 

	(k)	Confirmation of class. A Certificate of Confirmation of Class for hull and machinery confirming that that Tasman Collateral Vessel (other than the Hudson Vessel, the Barentsz Vessel and the Drake Vessel) is
classed with the highest class applicable to vessels of her type with Lloyd’s Register or such other classification society as may be acceptable to the Agent free of all overdue recommendations; 

 

	(l)	Notices. Notices to the insurers notifying them of the registration of the Tasman Collateral Mortgage and the Tasman Collateral Assignment in respect of the relevant Tasman Collateral Vessel (other than the
Hudson Vessel, the Barentsz Vessel and the Drake Vessel) and acknowledgment of such notices by such persons; 

  

	(m)	Insurance opinion. A favourable opinion from an independent insurance consultant acceptable to the Agent on such matters relating to the insurances for the Tasman Collateral Vessels (other than the Hudson Vessel,
the Drake Vessel and the Barentsz Vessel) as the Agent may require; and 

  

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

  

	3.2	Waiver of conditions precedent 

 If the Finance Parties, at their discretion, permit that
their agreement contained in Clause 2.1 takes effect before certain of the conditions referred to in Clause 3.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within 10 Business Days of the Effective Date (or such
longer period as the Agent may, with the authorisation of the Lenders, specify). 
  

	3.3	Conditions subsequent 

 On or before the Delivery Date of each of the Hudson Vessel, the
Drake Vessel and the Barentsz Vessel, the Borrowers shall procure that each Tasman Collateral Owner being the owner thereof shall deliver to the Agent the following documents: 
  

	(a)	a duly executed original of each of the Tasman Collateral Mortgages, Tasman Collateral Assignments and Tasman Collateral Managers’ Undertakings relevant to each of the Hudson Vessel, the Drake Vessel and the
Barentsz Vessel and of each document to be delivered under each of them; 

  

	(b)	documentary evidence showing that: 

  

	 	(i)	each of the Hudson Vessel, the Drake Vessel and the Barentsz Vessel is in the absolute and unencumbered (save for any Encumbrances created pursuant to the Collateral Loan Agreement and the Zeus Loan Agreement) ownership
of the Tasman Collateral Owner which is the owner thereof save as contemplated by the Finance Documents; 

  

	 	(ii)	each of the Hudson Vessel, the Drake Vessel and the Barentsz Vessel maintains the highest available class with a first class classification society which is a member of IACS as the Agent may approve free of all overdue
recommendations and conditions of such classification society; 

  

	 	(iii)	each of the Tasman Collateral Mortgages relevant to the Hudson Vessel, the Drake Vessel, or as the case may be, Barentsz Vessel has been duly registered against that Tasman Collateral Vessel relevant thereto as a valid
second preferred or, as the case may be, priority ship mortgage in accordance with the laws of the Marshall Islands or, as the case may be, Liberia; 

  
 7 

	 	(iv)	each of the Hudson Vessel, the Drake Vessel and the Barentsz Vessel is insured in accordance with the provisions of the Collateral Loan Agreement and all requirements therein in respect of insurances have been complied
with; and 

  

	 	(v)	documents establishing that each of the Hudson Vessel, the Drake Vessel and the Barentsz Vessel is managed by the Managers on terms acceptable to the Agent together with copies of the Safety Management Certificate and
ISSC (together with any other details of the applicable safety management system which the Agent requires) and ISSC; 

  

	(c)	favourable legal opinions from lawyers appointed by the Agent on such matters concerning the laws of the Marshall Islands and such other relevant jurisdictions as the Agent may require; 

 

	(d)	a favourable opinion from an independent insurance consultant acceptable to the Agent on such matters relating to the insurances for the Hudson Vessel, the Drake Vessel or, as the case may be, the Barentsz Vessel as the
Agent may require; and 

  

	(e)	such other documents equivalent to those referred to in Clause 3.1 as the Agent may require. 

  

	4	REPRESENTATIONS AND WARRANTIES 

  

	4.1	Repetition of Loan Agreement representations and warranties 

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

	5	AMENDMENTS TO LOAN AGREEMENT 

  

	5.1	Specific amendments to Loan Agreement 

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

	(a)	by inserting in clause 1.1 thereof (in the applicable alphabetical order) the definitions of “Agreed Form”, “Intercreditor Agreement”, “Tasman Collateral Assignments”, “Tasman
Collateral Charter Assignments”, “Tasman Collateral Guarantees”, “Tasman Collateral Managers’ Undertakings”, “Delivery Date”, “Tasman Collateral Mortgages”, “Tasman Collateral Owners”,
“Tasman Collateral Vessels”, “Tasman Collateral Security Documents”, “Tasman Finance Documents”, “Tasman Finance Parties”, “Tasman Security Agent”, “Tasman”, “Tasman Vessel”,
“Barentsz”, “Barentsz Vessel”, “Drake”, “Drake Vessel”, “Hudson”, “Hudson Vessel”, “Mercator”, “Mercator Vessel”, “Tasman Guarantees”, “Third Priority
Assignments”, “Third Priority Charter Assignments”, “Third Preferred Mortgages”, “Third Priority Managers’ Undertakings”, and “Third Priority Vessel Security Documents” set out in Clause 1.2 of this
Agreement; 

  

	(b)	by amending the references to the “Collateral Owner” and the “Collateral Vessel” in the definitions of “Charterer”, “Earnings”, “Management Agreements”,
“Managers”, “Requisition Compensation” and “Total Loss” in clause 1.1 thereof to include reference also to the Tasman Collateral Owners and their respective Tasman Collateral Vessels (as the context may require) and all
clauses in the Loan Agreement referring to such definitions to be made applicable to the Tasman Collateral Owners and the Tasman Collateral Vessels (as the context may require); 

  
 8 

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

““Collateral Vessel” means the 2007-built Panamax container vessel of 5,100 TEU registered in the ownership of the
Collateral Owner with IMO No. 9318113 under the flag of the Republic of Panama with the name “ORCA I” and everything now or in the future belonging to her on board and ashore.” 

 

	(d)	by amending the definition of “Finance Documents” in clause 1.1 thereof to include the Intercreditor Agreement; 

  

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

  

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

““Charters” means, in relation to each Vessel, any time charters or other contracts of employment in respect of that
Vessel entered or to be entered into between the relevant Borrower or the Collateral Owner or the relevant Tasman Collateral Owner and a Charterer for a period of duration in excess of twenty four (24) months, in the case of a Borrower’s
Vessel or the Collateral Vessel, and of at least twelve (12) months, in the case of a Tasman Collateral Vessel, on the terms and subject to the conditions on which that Borrower, the Collateral Owner or that Tasman Collateral Owner will charter
that Vessel to the relevant Charterer, and “Charter” means each one of them.”; 
  

	(g)	by deleting the definition of “Collateral Loan Agreement” in clause 1.1 thereof and replacing it with the following definition: 

““Collateral Loan Agreement” means the loan agreement dated 17 December 2014 (as amended and restated by an amending
and restating agreement dated 24 April 2015 and as the same may be further amended, supplemented, restated and/or novated from time to time) and made between (i) the Tasman Collateral Owners as joint and several borrowers, (ii) the
banks and financial institutions listed in schedule 1 thereto as lenders, (iii) ABN AMRO Bank N.V. as agent, arranger and swap bank and (iv) the Tasman Security Agent in respect of a loan facility of (originally) up to $62,500,000 secured
on (inter alia) the Tasman Collateral Vessels upon the terms and conditions therein contained.”; 
  

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

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

 

	(i)	by adding the definition of “Second Supplemental Agreement” in clause 1.1 thereof as follows: 

““Second Supplemental Agreement” means the supplemental agreement dated 24 April 2015 entered into between
(i) the Borrowers, (ii) the Guarantor, (iii) the Lenders, (iv) the Security Agent and (v) the Agent setting out the terms and conditions upon which this Agreement and certain other Finance Documents have been amended and/or
supplemented.”; 

  
 9 

	(j)	by deleting the definition of “Vessels” in clause 1.1 thereof and replacing it with the following definition: 

““Vessels” means, together, the Platon Vessel, the Rea Vessel, the Kronos Vessel, the Socrates Vessel, the Collateral
Vessel and the Tasman Collateral Vessels and “Vessel” means any one of them.”; 
  

	(k)	by deleting clause 10.11 thereof and replacing it as follows: 

 “10.11 General
application of moneys Each Borrower, subject to Clause 10.12 (Application of moneys on mandatory prepayment), irrevocably authorises the Agent and the Security Agent and shall procure that (a) the Collateral Owner shall (where
relevant) irrevocably authorise the Agent and the Security Agent (subject to the prior rights of ABN AMRO Bank N.V. as lender under the Zeus Loan Agreement) and (b) the Tasman Collateral Owners shall (where relevant) irrevocably authorise the
Agent and the Security Agent (subject to the prior rights of the Tasman Finance Parties under the Collateral Loan Agreement) to apply all sums which either of them may receive: 

 

			
	10.11.1	  	pursuant to a sale or other disposition of its Vessel (other than a Tasman Collateral Vessel) or any right, title or interest in its Vessel (other than a Tasman Collateral Vessel); or
		
	10.11.2	  	by way of payment of any sum in respect of the Insurances, Earnings, Charters, Requisition Compensation or, as the case may be, Initial Charter of its Vessel; or
		
	10.11.3	  	by way of transfer of any sum from either of the Accounts; or
		
	10.11.4	  	otherwise arising under or in connection with any Security Document,

 in or towards satisfaction, or by way of retention on account, of the Indebtedness, firstly in or towards
payment of expenses and all sums other than principal or interest which may be due to the Lenders under the Finance Documents, secondly in or towards payment of any default interest, thirdly in or towards payment of any arrears of interest due in
respect of the Loan and fourthly in or towards repayment of the Loan.”; 
  

	(l)	by construing clause 8 (Indemnities), 12.1.4, 12.4.1, 12.4.3, 12.4.5, 12.4.6, 12.4.7, 12.4.8, 12.4.9 (in relation to any Charter) and 12.4.10 thereof and references to the “Borrower” or a “Borrower’s
Vessel” (and all other relevant definitions as the context may require) in such clauses to extend also to include reference to the “Collateral Owner” and the “Tasman Collateral Owners” and the “Collateral Vessel”
and the “Tasman Collateral Vessels” respectively (and all other relevant definitions as the context may require); 

  

	(m)	by construing the procurement obligation of the Borrower in respect of the “Guarantor” in clauses 12.3.6 (Merger), 12.3.13 (No dividends) and 12.3.17 (No change in ownership or control) thereof to extend also
to include reference to the “Collateral Owner” and each of the “Tasman Collateral Owners”; 

  

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

  

	(o)	by including the words “or a Tasman Collateral Mortgage” after all references to “or the Collateral Mortgage” in clause 13.1.16 (Challenge to registration); 

 

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

  
 10 

	(q)	by adding two additional sub-clauses in clause 13.1 which shall read as follows: 

 “13.1.23
Default under the Collateral Loan Agreement Any Tasman Collateral Owner fails to pay when due any sum representing principal or interest payable under the Collateral Loan Agreement. 

13.1.24 Tasman Collateral Security Documents Hudson and/or Barentsz and/or Drake fails to execute (and if required register) on the
Delivery Date the Tasman Collateral Security Documents relevant to the Tasman Collateral Vessel to be owned by it together with all other documents referred to in clause 3.3 of the Second Supplemental Agreement.”; 

 

	(r)	by adding at the end of clause 12.3.5 thereof the words “and under the Third Priority Vessel Security Documents”; 

  

	(s)	by adding in clause 12.3.11 thereof after “and/or under the Second Priority Vessel Security Documents” the words “and/or under the Third Priority Vessel Security Documents”; 

 

	(t)	by adding at the end of clause 12.3.12 thereof the words “and the Third Priority Vessel Security Documents”; and 

  

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

  

	5.2	Amendments to the Finance Documents 

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

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

  

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

 

	5.3	Documents to remain in full force and effect 

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

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

  

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

  

	6	FURTHER ASSURANCES 

  

	6.1	Borrowers’ obligation to execute further documents etc 

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

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

  

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

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

  
 11 

	6.2	Purposes of further assurances 

 Those purposes are: 

 

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

  

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

  

	6.3	Terms of further assurances 

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

 

	6.4	Obligation to comply with notice 

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

	6.5	Additional corporate action 

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

	7	EXPENSES 

  

	7.1	Indemnities and Fees 

 The provisions of clause 8 (Indemnities) and clause 9 (Fees) of
the Loan Agreement, as amended and supplemented by this Agreement, shall apply to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. 

 

	8	NOTICES 

 The provisions of clause 18 (Notices) of the Loan Agreement, as amended and
supplemented by this Agreement, shall apply to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. 
  

	9	MISCELLANEOUS 

  

	9.1	Counterparts 

 This Agreement may be executed in any number of counterparts. 

 

	9.2	Third party rights 

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

  
 12 

	10	LAW AND JURISDICTION 

  

	10.1	Governing law 

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

	10.2	Incorporation of the Loan Agreement provisions 

 The provisions of clause 23 (Law and
Jurisdiction) of the Loan Agreement, as amended and supplemented by this Agreement, shall apply to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. 

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

  
 13 

 EXECUTION PAGE 
  

							
	BORROWERS	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by PLATON MARINE LLC	    	)	    		  	
	acting by Dimitrios Tsiaklagkanos	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Dimitrios Tsiaklagkanos
	  	
				
	 /s/ Eirini Portokalaki
	    		    		  	
	Eirini Portokalaki	    		    		  	
	Attorney-at-law	    		    		  	
	Watson Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by KRONOS MARINE LLC	    	)	    		  	
	acting by Dimitrios Tsiaklagkanos	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Dimitrios Tsiaklagkanos
	  	
				
	 /s/ Eirini Portokalaki
	    		    		  	
	Eirini Portokalaki	    		    		  	
	Attorney-at-law	    		    		  	
	Watson Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by SOCRATES MARINE LLC	    	)	    		  	
	acting by Dimitrios Tsiaklagkanos	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Dimitrios Tsiaklagkanos
	  	
				
	 /s/ Eirini Portokalaki
	    		    		  	
	Eirini Portokalaki	    		    		  	
	Attorney-at-law	    		    		  	
	Watson Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by REA MARINE LLC	    	)	    		  	
	acting by Dimitrios Tsiaklagkanos	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Dimitrios Tsiaklagkanos
	  	
				
	 /s/ Eirini Portokalaki
	    		    		  	
	Eirini Portokalaki	    		    		  	
	Attorney-at-law	    		    		  	

  
 14 

							
	Watson Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	
				
	THE GUARANTOR	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by POSEIDON CONTAINERS	    	)	    		  	
	HOLDINGS LLC	    	)	    		  	
	acting by Dimitrios Tsiaklagkanos	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Dimitrios Tsiaklagkanos
	  	
				
	 /s/ Eirini Portokalaki
	    		    		  	
	Eirini Portokalaki	    		    		  	
	Attorney-at-law	    		    		  	
	Watson Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	
				
	FINANCE PARTIES	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by ABN AMRO BANK N.V.	    	)	    		  	
	acting by Vassiliki Georgopoulos	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Vassiliki Georgopoulos
	  	
				
	 /s/ Eirini Portokalaki
	    		    		  	
	Eirini Portokalaki	    		    		  	
	Attorney-at-law	    		    		  	
	Watson Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	
				
	AGENT	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by ABN AMRO BANK N.V.	    	)	    		  	
	acting by Vassiliki Georgopoulos	    	)	    		  	
	its duly authorised	    	)	    		  	
	attorney-in-fact in the presence of:	    	)	    	 /s/ Vassiliki Georgopoulos
	  	
				
	 /s/ Eirini Portokalaki
	    		    		  	
	Eirini Portokalaki	    		    		  	
	Attorney-at-law	    		    		  	
	Watson Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	Athens - Greece	    		    		  	

  
 15 

							
	SECURITY AGENT	    		    		  	
				
	EXECUTED as a DEED	    	)	    		  	
	by ABN AMRO BANK N.V.	    	)	    		  	
	acting by Vassiliki Georgopoulos	    	)	    		  	
	its duly authorised	    	)	    		  	
	 attorney-in-fact in the presence of:
	    	)	    	 /s/ Vassiliki Georgopoulos
	  	
				
	 /s/ Eirini Portokalaki
	    		    		  	
	Eirini Portokalaki	    		    		  	
	Attorney-at-law	    		    		  	
	Watson Farley & Williams	    		    		  	
	348 Syngrou Avenue	    		    		  	
	176 74 Kallithea	    		    		  	
	 Athens - Greece
	    		    		  	

  
 16 

 SCHEDULE 1 

LENDERS 
  

					
	Lenders	  	Lending Office	  	
			
	ABN AMRO BANK N.V.	  	 Coolsingel 93

3012 AE Rotterdam
 The Netherlands
	  	

  
 17 

 SCHEDULE 2 

FORM OF EFFECTIVE DATE NOTICE 
  

	To:	PLATON MARINE LLC 

 REA MARINE LLC 

KRONOS MARINE LLC 

SOCRATES MARINE LLC 
 c/o
3-5 Menandrou Street 
 145 61 Kifisia 

Athens, Greece 
 Fax: +30 210
8084224 
 Attn: Legal Department 

[●] 2015 
 Dear Sirs 

We refer to the second supplemental agreement (the “Second Supplemental Agreement”) dated [●] April 2015 made between
(i) yourselves as Borrowers, (ii) POSEIDON CONTAINERS HOLDINGS LLC as Guarantor, (iii) the banks and financial institutions listed in Schedule 1 thereof as Lenders and (iv) ourselves, as Agent and Security Agent. 

Words and expressions defined in the Supplemental Agreement shall have the same meaning when used in this letter. 

We write to confirm that the conditions precedent in Clause 3.1 of the Second Supplemental Agreement have been fulfilled and that accordingly the Effective
Date is [●] 2015. 
 Yours faithfully 

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

  
 18 

 COUNTERSIGNED this 24th day of April 2015 for and on
behalf of the below companies each of which, by its execution hereof, confirms and acknowledges that it has read and understood the terms and conditions of this second supplemental agreement, that it agrees in all respects to the same and that the
Security Documents to which it is a party shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrowers under the Loan Agreement and the Finance Documents (each as amended and supplemented by this
second supplemental agreement). 
 MANAGERS 
  

	
	 /s/ Georgios Giouroukos

	Georgios Giouroukos
	for and on behalf of
	TECHNOMAR SHIPPING INC.
	
	 /s/ Dimitrios Tsiaklagkanos

	Dimitrios Tsiaklagkanos
	 Sole Director
 for and on behalf
of

	CONCHART COMMERCIAL INC.
	
	COLLATERAL OWNER
	
	 /s/ Dimitrios Tsiaklagkanos

	Dimitrios Tsiaklagkanos
	 Attorney in fact
 for and on behalf
of

	ZEUS ONE MARINE LLC

  
 19

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