Document:

Amended and Restated Asset Purchase Agreement

 EXHIBIT 10.7 
 EXECUTION COPY 
 AMENDED AND RESTATED 
 ASSET PURCHASE AGREEMENT 
 Dated
December 5, 2007 
 Among 
 GLOBAL SHIP LEASE, INC. 
 as Purchaser 
 and 
 CMA CGM S.A. 
 DELMAS S.A.S. 
 SNC PACIFIC I 
 SNC PACIFIC II 
 as Vendors 

 TABLE OF CONTENTS 
  

							
	 	  	 	  	Page
	 1.
	  	INTERPRETATION	  	1
				
		  	1.1	  	Definitions	  	1
				
		  	1.2	  	Construction and Interpretation	  	6
				
		  	1.3	  	Business Day	  	7
				
		  	1.4	  	Governing Law	  	7
				
		  	1.5	  	Time of Essence	  	7
				
		  	1.6	  	Schedules	  	7
			
	 2.
	  	PURCHASE OF ASSETS	  	7
				
		  	2.1	  	Initial Assets	  	7
				
		  	2.2	  	Contracted Assets	  	8
				
		  	2.3	  	Closing of the Purchase of Initial Assets	  	8
				
		  	2.4	  	Closing of the Purchase of Contracted Assets	  	9
				
		  	2.5	  	Place of Closing	  	9
				
		  	2.6	  	Assignment and Transfer Documents	  	9
				
		  	2.7	  	Excluded Liabilities	  	10
			
	 3.
	  	PURCHASE PRICE	  	11
				
		  	3.1	  	Initial Assets Purchase Price	  	11
				
		  	3.2	  	Contracted Assets Purchase Price	  	11
				
		  	3.3	  	Payment of the Initial Asset Purchase Price and Contracted Assets Purchase Price	  	12
				
		  	3.4	  	Allocation of Initial Assets Purchase Price and Contracted Assets Purchase Price	  	12
				
		  	3.5	  	Closing Date Purchase Price Adjustments	  	12
				
		  	3.6	  	Shipyard Deficient Vessel	  	13
				
		  	3.7	  	Rebates	  	13
				
		  	3.8	  	Risk of Loss	  	13
				
		  	3.9	  	Total Loss	  	14
				
		  	3.10	  	Transfer Taxes	  	14
				
		  	3.11	  	Registry	  	14
			
	 4.
	  	REPRESENTATIONS AND WARRANTIES	  	14
				
		  	4.1	  	Representations and Warranties of the Vendors	  	14
				
		  	4.2	  	Representations and Warranties of the Purchaser	  	16
				
		  	4.3	  	Representations and Warranties of CMA CGM	  	16
			
	5.	  	PRE-CLOSING MATTERS	  	17
				
		  	5.1	  	Covenants of the Vendors Prior to Closing	  	17
				
		  	5.2	  	Covenants of the Purchaser Prior to Closing	  	18
				
		  	5.3	  	Covenants of CMA CGM Prior to Closing	  	18

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	  	 	  	Page
	 	  	5.4	  	Provisions in Respect of the Memoranda of Agreement, Ship Building Contract, Purchase Option Charters and the
Vessel Warranties	  	18
				
		  	5.5	  	Delivery of Initial Asset Newbuilding MOA and Vessel MOAs	  	19
			
	6.	  	CONDITIONS OF CLOSING	  	20
				
		  	6.1	  	Conditions of the Purchaser	  	20
				
		  	6.2	  	Conditions of the Vendors	  	21
				
		  	6.3	  	Actions to Satisfy Closing Conditions	  	22
				
		  	6.4	  	Effect of Waiver	  	22
			
	7.	  	POST-CLOSING COVENANTS	  	22
				
		  	7.1	  	Exercise Under the Memoranda of Agreement, Ship Building Contract or Purchase Option Charters	  	22
				
		  	7.2	  	Post-Delivery Obligations	  	22
				
		  	7.3	  	Covenants of the Vendors	  	23
				
		  	7.4	  	Covenants of CMA CGM	  	23
			
	8.	  	SURVIVAL OF REPRESENTATIONS AND RECOURSE	  	23
				
		  	8.1	  	Survival of Representations, Warranties and Covenants of the Vendors	  	23
				
		  	8.2	  	Survival of Representations, Warranties and Covenants of the Purchaser	  	24
				
		  	8.3	  	Survival of Representations, Warranties and Covenants of CMA CGM	  	24
				
		  	8.4	  	Reliance	  	25
				
		  	8.5	  	Indemnity by the Vendors	  	25
				
		  	8.6	  	Indemnity by the Purchaser	  	25
				
		  	8.7	  	Indemnity by CMA CGM	  	26
				
		  	8.8	  	Defense of Third Party Claim	  	26
				
		  	8.9	  	Limitations on Amount	  	27
				
		  	8.10	  	Election	  	27
				
		  	8.11	  	Joint and Several Obligations	  	27
			
	9.	  	TERMINATION AND WAIVER	  	28
				
		  	9.1	  	Termination for Failure to Consummate Initial Public Offering	  	28
				
		  	9.2	  	Termination Upon Termination of the Initial Asset Newbuilding MOA or a Vessel MOA	  	28
				
		  	9.3	  	Effect of Waiver	  	28
				
		  	9.4	  	Without Prejudice	  	28
			
	10.	  	MISCELLANEOUS	  	28
				
		  	10.1	  	Notices	  	28
				
		  	10.2	  	Further Assurances	  	29
				
		  	10.3	  	Entire Agreement	  	29

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	  	 	  	Page
				
		  	10.4	  	Assignment	  	29
				
		  	10.5	  	Waiver and Amendment	  	29
				
		  	10.6	  	Severability	  	30
				
		  	10.7	  	Third Party Beneficiaries	  	30
				
		  	10.8	  	Dispute Resolution	  	30
				
		  	10.9	  	Counterparts	  	31
				
		  	10.10	  	Enurement	  	31

  

 -iii- 

 AMENDED AND RESTATED 
 ASSET PURCHASE AGREEMENT 
 This AMENDED AND RESTATED ASSET PURCHASE AGREEMENT is dated
December 5, 2007, between and among CMA CGM S.A., a corporation formed under the laws of France (“CMA CGM”); DELMAS S.A.S., a corporation formed under the laws of France (“Delmas”); SNC PACIFIC
I, a corporation formed under the laws of France (“PI”); and SNC PACIFIC II, a corporation formed under the laws of France (“PII” and together with CMA CGM, Delmas, and PI, the “Vendors”
and each a “Vendor”), and GLOBAL SHIP LEASE, INC., a corporation formed under the laws of the Republic of the Marshall Islands (the “Purchaser”). 
 W I T N E S S E T H: 
 WHEREAS, the Parties have previously entered into that certain Asset Purchase Agreement dated October 31, 2007 (the “Prior Agreement”); 
 WHEREAS, the Parties now desire to amend and restate the terms of the Prior Agreement and to accept the rights and obligations created hereto in lieu of their rights and obligations under the Prior Agreement;

 WHEREAS, Clause 10.5 of the Prior Agreement required that all amendments thereto be in writing and signed by each of the Parties; and

 WHEREAS, this Agreement shall serve to amend and restate the Prior Agreement in its entirety. 
 NOW THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties hereby agree as follows:

  

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this Agreement, unless the context requires
otherwise or unless otherwise specifically provided herein, the following terms shall have the respective meanings set out below and grammatical variations of such terms shall have corresponding meanings: 
 “Affiliate” means, with respect to any Person, any other Person that, directly or indirectly, through one or more intermediaries
Controls, is Controlled by or is under common Control with, the Person in question; 
 “Agreement” means this Agreement,
including its recitals and schedules, as amended and supplemented; 
 “Applicable Law” in respect of any Person, property,
transaction or event, means all laws, statutes, ordinances, regulations, municipal by-laws, treaties, judgments and decrees applicable to that Person, property, transaction or event and, whether or not having the force of law, all applicable
official directives, rules, consents, approvals, authorizations, guidelines, orders, codes of practice and policies of any Governmental Authority having or purporting to have authority over that Person, property transaction or event and all general
principles of common law and equity; 
 “Builder” means, as applicable, Daewoo Shipbuilding & Marine Engineering
Co., Ltd. (“Daewoo”) and any successor or permitted assign thereof and Hanjin Heavy Industries & Construction Co., Ltd. (“Hanjin”) and any successor or permitted assign thereof; 
 “Business Day” means any day other than a Saturday, Sunday or any statutory holiday on which banks in France, England or Cyprus are
required to close; 
 “Closing Date” means, in respect of the Initial Assets, the day of the Initial Assets Closing of that
Initial Asset, and in respect of the Contracted Assets, the day of the Contracted Assets Closing of that Contracted Asset; 
  

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 “Common Shares” means the common shares, par value $0.01, in the capital of the
Purchaser; 
 “Completion of the Initial Public Offering” means the date which is three Business Days after the
Purchaser’s registration statement is declared effective by the United States Securities and Exchange Commission; 
 “Contracted
Assets” has the meaning given to it in Section 2.2; 
 “Contracted Assets Closing” has the meaning given to it
in Section 2.4; 
 “Contracted Assets Date of Closing” has the meaning given to it in Section 2.4; 
 “Contracted Assets Purchase Price” has the meaning given to it in Section 3.2; 
 “Contracted Assets Purchase Price Maximum Share Amount” means the number of Common Shares to comprise the Common Share portion of the
Contracted Assets Purchase Price, which, when aggregated with all other Common Shares held by CMA CGM and its Affiliates as of the date of the Completion of the Initial Public Offering, equals thirty percent (30%) of the sum of (a) the
outstanding Common Shares as of the date of the Completion of the Initial Public Offering plus (b) the number of Common Shares that comprise the Contracted Assets Purchase Price Maximum Share Amount; 
 “Contracted Vendor” means the Vendor listed on Schedule B; 
 “Contracted Vessels” means, collectively, each of the Vessels listed on Schedule B; 
 “Control” or “Controlled” means, with respect to any Person, the right to elect or appoint, directly or indirectly, a majority of the directors of such Person or a majority of the Persons who have the
right, including any contractual right, to manage and direct the business, affairs and operations of such Person, or the possession 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; 
 “Credit Facility” means the $800 million senior secured revolving credit
facility agreement to be dated on or about December 7, 2007 between the Purchaser and its Subsidiaries, Fortis Bank (Nederland) N.V., Citibank International Plc, HSH Nordbank AG and the other financial institutions who are parties thereto;

 “Date of Closing” means in respect of any Initial Asset, the Initial Assets Date of Closing and in respect of any
Contracted Asset, the Contracted Assets Date of Closing; 
 “Deficient Vessel” has the meaning given to it in
Section 3.6; 
 “Delivered” means, (i) with respect of the CMA CGM Château d’If and the CMA
CGM Alcazar, delivery by each of COSCO Norfolk Maritime Inc. and COSCO Charleston Maritime Inc, as applicable, to CMA CGM, and the acceptance thereof by CMA CGM, and (ii) with respect to the applicable Contracted Vessel, the delivery by the
Builder or the owner, as applicable, to the Contracted Vendor of that Contracted Vessel, and the acceptance thereof by the Contracted Vendor; 
 “Delivery Date” means, (i) with respect of the CMA CGM Château d’If and the CMA CGM Alcazar, the date that such Vessels are Delivered to CMA CGM and (ii) with respect to the applicable
Contracted Vessel, the date that such Contracted Vessel is Delivered to the Contracted Vendor; 
 “Designated Subsidiary”
means any wholly owned Subsidiary of the Purchaser, either set forth on Schedule C hereto or otherwise notified to the Vendors, which the Purchaser, in its sole discretion, may cause to purchase and take delivery of any Vessel pursuant to the terms
and conditions hereof; 
 “Encumbrance” means any mortgage, lien (including maritime liens), charge (whether fixed or
floating), assignment, adverse claim, hypothec or encumbrance on, or any security interest in, any property, whether real, personal or mixed, tangible or intangible, any pledge or hypothecation of any property, any deposit arrangement, priority,
conditional sale agreement, other title retention agreement or equipment trust, capital lease or other security arrangements of any kind; 
  

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 “Excluded Assets” means bunkers and gas oil; 
 “Existing Conditions or Recommendations” means any condition of class or recommendation existing on any Vessel, or any suspension of a
Vessel from its class, as of the applicable Date of Closing; 
 “GAAP” means generally accepted accounting principles
consistently applied in the United States of America; 
 “Governmental Authority” means any domestic or foreign government,
including federal, provincial, state, municipal, county or regional government or governmental or regulatory authority, domestic or foreign, and includes any department, commission, bureau, board, administrative agency or regulatory body of any of
the foregoing and any multinational or supranational organization; 
 “Hanjin Contracts” means, collectively, the
shipbuilding contract between COSCO Charleston Maritime Inc. and Hanjin for the construction of CMA CGM Alcazar and the shipbuilding contract between COSCO Norfolk Maritime Inc. and Hanjin for the construction of CMA CGM Château
d’If; 
 “Indemnified Party” has the meaning given to it in Section 8.8; 
 “Indemnifier” has the meaning given to it in Section 8.8; 
 “Indemnity Claim” has the meaning given to it in Section 8.8; 
 “Initial Assets” has the meaning given to it in Section 2.1; 
 “Initial Assets Closings” has the meaning given to it in Section 2.3; 
 “Initial Assets Date of Closing” has the meaning given to it in Section 2.3; 
 “Initial Asset Newbuilding MOA” means the memorandum of agreement with respect to the CMA CGM Château d’If by and
between the Purchaser and CMA CGM and attached hereto as Schedule D; 
 “Initial Assets Purchase Price” has the meaning given
to it in Section 3.1; 
 “Initial Public Offering” means the initial public offering of the Purchaser’s Common
Shares pursuant to the Purchaser’s registration statement on Form F-1; 
 “Initial Vendors” means, collectively, each of
the Vendors listed on Schedule A; 
 “Initial Vessels” means, collectively, each of the Vessels listed on Schedule A;

 “ISM Code” means the International Safety Management Code of the Safe Operating of Ships and for Pollution Prevention
constituted pursuant to Resolution A 741(18) of the International Maritime Organization and incorporated into the Safety of Life at Sea Convention; 
 “ISPS Code” means the International Ship and Port Security Code of the International Maritime Organization, including any amendments and extensions of this code and any regulation taken in application of this code;

 “Lenders” means Fortis Bank (Nederland) N.V., Citibank International Plc, HSH Nordbank AG and the other financial
institutions who are parties to the Credit Facility; 
 “License” and “Licenses” have the meaning given to
each in Section 4.1(j); 
 “Losses” means, with respect to any matter, all losses, claims, damages, liabilities,
deficiencies, costs, expenses (including all costs of investigation, legal and other professional fees and disbursements, interest, penalties and amounts paid in settlement) or diminution of value, whether or not involving a claim from a third
party, however specifically excluding consequential, special and indirect losses, loss of profit and loss of opportunity; 
  

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 “Management Agreement” means the ship management agreement between the Purchaser and the
Ship Manager; 
 “Memoranda of Agreement” means, collectively, the (i) Memorandum of Agreement between COSCO Charleston
Maritime Inc. and CMA CGM dated June 6, 2007 for the purchase of CMA CGM Alcazar and (ii) Memorandum of Agreement between COSCO Norfolk Maritime Inc. and CMA CGM dated June 6, 2007 for the purchase of CMA CGM Château
d’If; 
 “Missing Condition” has the meaning given to it in Section 6.1; 
 “Notice” means any notice, citation, directive, order, claim, litigation, investigation, proceeding, judgment, letter or other
communication, written from any Person; 
 “Parties” means all parties to this Agreement and “Party” means
any one of them; 
 “Permitted Action” means any suit, action, or other proceeding in any way related to or arising out of
this Agreement commenced in the courts of England and all courts having appellate jurisdiction over those courts, by any party to this Agreement against any other party to this Agreement; 
 “Permitted Encumbrances” means any of the following: 
  

	 	(i)	liens for current taxes or ad valorem taxes not yet due and payable or contested in good faith, if a reserve or other appropriate provision, if any, as may be required by GAAP shall
have been made therefor; 

  

	 	(ii)	statutory and common law liens of carriers, warehousemen, mechanics, suppliers, materialsmen, repairers and other similar liens, including maritime liens imposed by law incurred in
the ordinary course of business for sums not yet due and payable or contested in good faith; 

  

	 	(iii)	liens for master’s disbursements incurred in the ordinary course of trading and unpaid crew’s wages, including wages of the master and stevedores employed by the Vessel,
outstanding in the ordinary course of trading, statutory obligations, surety and appeal bonds, bids, leases, government contracts, performance and return of money bonds and similar obligations, in each case in the ordinary course of business;

  

	 	(iv)	liens incurred in the ordinary course of business arising from vessel chartering, drydocking, maintenance, the furnishing of supplies and bunkers to Vessels, repairs and
improvements to Vessels; and 

  

	 	(v)	liens for salvage and general average; 

 “Person” means an individual, legal personal representative, corporation, body corporate, company, firm, partnership, trust, trustee, syndicate, joint venture, unincorporated organization or Governmental Authority or any
other entity; 
 “Post-Delivery Obligations” means, as applicable, (i) those obligations of CMA CGM under the Memoranda
of Agreement that arise after the CMA CGM Château d’If and the CMA CGM Alcazar are Delivered and that directly relate to or are associated with the benefits and rights being transferred to the Purchaser pursuant to the
Initial Asset Newbuilding MOA (in the case of CMA CGM Château d’If ) and the Vessel MOA (in the case of the CMA CGM Alcazar) and under Section 2.1(c) hereof, including with respect to Sections 20 and 21 of the Memoranda
of Agreement, (ii) those obligations of the Contracted Vendor under the Ship Building Contract that arise after the Vessel is Delivered and that directly relate to or are associated with the benefits and rights being assigned under
Section 2.2(c) hereof, including with respect to Article VII(5)(g), IX and XV of the Ship Building Contract and (iii) those obligations of CMA CGM under the Purchase Option Charters that arise after the applicable Contracted Vessel is
Delivered and that directly relate to or are associated with the benefits and rights being assigned under Section 2.2(d) hereof; 
 “Prior Agreement” has the meaning set forth in the recitals; 
 “Purchase Option Charters” means,
collectively, those certain charter party agreements dated October 27, 2005, as amended, by and between CMA CGM and CONTI 39. Container-Schiffahrts-GmbH & CO. KG Nr. 1; 

  

 4 

 
CONTI 41. Container-Schiffahrts-GmbH & CO. KG Nr. 1; and CONTI 42. Container-Schiffahrts-GmbH & CO. KG Nr. 1 containing therein CMA
CGM’s option to purchase the CMA CGM Jamaica, CMA CGM Sambhar and CMA CGM America, respectively, from the aforementioned entities; 
 “Purchase Option” means CMA CGM’s option to purchase the CMA CGM Jamaica, CMA CGM Sambhar and CMA CGM America pursuant to the terms of the Purchase Option Charters; 
 “Purchased Assets” means, collectively, all of the Initial Assets and all of the Contracted Assets; 
 “Purchaser’s Indemnified Persons” has the meaning given to it in Section 8.5; 
 “Ship Building Contract” means that ship building contract dated April 25, 2005 between Daewoo and the Contracted Vendor and any
subsequent amendments with regard to the construction of the 10,960 TEU newbuilding, with vessel/hull No. 4126; 
 “Ship
Manager” means CMA CGM or any of its Subsidiaries that provide ship management services to each of the Vessels pursuant to the Management Agreements; 
 “Subsidiary” 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 corporations Controlled by of such Person or a combination thereof, (b) a
partnership (whether general or limited) in which such Person or a corporation 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 corporations 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 corporations 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. 
 “Taxes” means all income, tonnage, franchise, business, property, sales, use, goods and services or value added, withholding, excise,
alternate minimum capital, transfer, excise, customs, anti-dumping, stumpage, countervail, net worth, stamp, registration, franchise, payroll, employment, health, education, business, school, property, local improvement, development, education
development and occupation taxes, surtaxes, duties, levies, imposts, rates, fees, assessments, dues and charges and other taxes required to be reported upon or paid to any domestic or foreign jurisdiction and all interest and penalties thereon;

 “Time Charters” mean the time charters on the Vessels entered into by certain Subsidiaries of the Purchaser, as owner, and
CMA CGM or certain of its Subsidiaries, as charterer; 
 “Total Loss” means in relation to a Vessel: 
  

	 	(a)	actual, constructive, compromised, agreed or arranged total loss of that Vessel; 

  

	 	(b)	requisition for title or other compulsory acquisition of that Vessel otherwise than by requisition for hire; 

  

	 	(c)	requisition for hire, capture, seizure, expropriation or confiscation of that Vessel by any Governmental Authority or by persons acting or purporting to act on behalf of any
Governmental Authority; and 

  

	 	(d)	any hijacking, theft, forfeiture, condemnation, capture, restraint or disappearance of that Vessel. 

 “Vendors’ Indemnified Persons” has the meaning given to it in Section 8.6; 
  

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 “Vendor’s Purchased Assets” means, in respect of an Initial Vendor, that
Vendor’s Initial Assets (as described in Section 2.1 hereof) and with respect to the Contracted Vendor, the Contracted Assets (as described in Section 2.2 hereof); 
 “Vessels” means the Initial Vessels and Contracted Vessels and “Vessel” means any one of them. 
 “Vessel MOA” has the meaning given to it in Section 2.6; and 
 “Vessel Warranties” means, if applicable, in respect of any Vendor, any and all warranties and performance guarantees provided to Vendor
as purchaser of the Vessel under the vessel’s respective ship building contract or memoranda of agreement, including, but not limited to, a “Warranty of Quality”, any extended guarantee rights contained herein and the guarantee by the
paint manufacturer with respect to defects in paint and/or application or underwater parts of the Vessel delivered or to be delivered under that Vendor’s ship building contract or memoranda of agreement and any other material warranties in
respect of the Vessel. 
  

	1.2	Construction and Interpretation 

 The division of this Agreement
into Sections, the insertion of headings and the provision of a table of contents are for convenience only, do not form a part of this Agreement and will not be used to affect the construction or interpretation of this Agreement. Unless otherwise
specified: 
  

	 	(a)	each reference in this Agreement to “Section” and “Schedule” is to a Section of, and a Schedule to, this Agreement; 

  

	 	(b)	each reference to a statute is deemed to be a reference to that statute, and to the regulations made under that statute, as amended or re-enacted from time to time;

  

	 	(c)	words importing the singular include the plural and vice versa and words importing gender include all genders; 

  

	 	(d)	references to time of day or date mean the local time or date in London, England; 

  

	 	(e)	all references to amounts of money mean lawful currency of the United States; 

  

	 	(f)	the language in all parts of this Agreement will in all cases be construed as a whole and neither strictly for nor strictly against any of the Parties; and 

 

	 	(g)	to the extent any of the terms or conditions set forth in the Initial Asset Newbuilding MOA or the Vessel MOA conflict with the provisions hereof, the provisions contained herein
shall govern. 

  

	1.3	Business Day 

 If under this Agreement any payment or calculation is
to be made, or any other action is to be taken, on or as of a day which is not a Business Day, the payment or calculation is to be made, or that other action is to be taken, on or as of the next day that is a Business Day. 
  

	1.4	Governing Law 

 This Agreement and each of the documents
contemplated by or delivered under or in connection with this Agreement are, unless those documents state otherwise, governed exclusively by, and are to be enforced, construed and interpreted exclusively in accordance with, the laws of England which
are deemed to be the proper law of this Agreement. 
  

	1.5	Time of Essence 

 Time is of the essence of this Agreement.

  

 6 

	1.6	Schedules 

 The schedules attached to this Agreement, will, for all
purposes, form an integral part of the Agreement. 
 Whenever disclosure of any matter is made in any Schedule to this Agreement for the purposes of any
representation, warranty or other provision of this Agreement, such disclosure shall be deemed to constitute disclosure in any other Schedule to this Agreement. 
  

	2.	PURCHASE OF ASSETS 

  

	2.1	Initial Assets 

 Each Initial Vendor undertakes to sell, assign, and
transfer to the Purchaser or its Designated Subsidiary and the Purchaser undertakes to purchase, or to cause its Designated Subsidiary to purchase, from each Initial Vendor for the price and in accordance with and subject to the terms and conditions
set forth in this Agreement, the following: 
  

	 	(a)	all of that Initial Vendor’s right, title and interest in and to each of the Initial Vessels set out across from that Initial Vendor’s name on Schedule A hereto (and, with
regard to the CMA CGM Château d’If , upon CMA CGM’s acquisition thereof pursuant to the terms of the Memoranda of Agreement), but excluding the Excluded Assets; 

  

	 	(b)	the Initial Vendor’s Vessel Warranties, if any, to the extent assignable, and to the extent not assignable, the right to receive the benefit of that Initial Vendor’s
Vessel Warranties pursuant to Section 7.1; and 

  

	 	(c)	pursuant to this Agreement and the Initial Asset Newbuilding MOA and the relevant Vessel MOA for the CMA CGM Alcazar, all rights and benefits under the Memoranda of Agreement
and the Hanjin Contracts to the extent assignable, and to the extent not assignable, the right to receive all benefits thereunder pursuant to Section 7.1. 

 The assets described in subsection 2.1(a) to 2.1(c), but excluding the Excluded Assets, with respect to all of the Initial Vendors, are hereinafter collectively referred to as the “Initial Assets”.

  

	2.2	Contracted Assets 

 The Contracted Vendor undertakes to
(i) purchase, in accordance with the terms of the Purchase Option Charters and this Agreement and by no later than December 31, 2008, the CMA CGM Jamaica, the CMA CGM Sambhar and the CMA CGM America, which are
currently chartered by the Contracted Vendor from unaffiliated, third parties and (ii) purchase, in accordance with the terms of the Ship Building Contract and this Agreement and by no later than December 31, 2008, the Vessel that is the
subject of the Ship Building Contract. 
 The Contracted Vendor undertakes, to sell, assign and transfer to the Purchaser or its Designated Subsidiary, and
the Purchaser undertakes to purchase, or to cause its Designated Subsidiary to purchase, from the Contracted Vendor for the price and in accordance with and subject to the terms and conditions set forth in this Agreement, the following: 

 

	 	(a)	all of the Contracted Vendor’s right, title and interest in and to each Contracted Vessel set out across from the Contracted Vendor’s name on Schedule B hereto (and, with
regard to the Contracted Vessels subject to the Purchase Option Charters and the Ship Building Contract, upon the Contracted Vendor’s acquisition thereof), but excluding the Excluded Assets; 

  

	 	(b)	the Contracted Vendor’s Vessel Warranties, to the extent assignable, and to the extent not assignable, the right to receive the benefit of the Contracted Vendor’s Vessel
Warranties pursuant to Section 7.1, if applicable; 

  

	 	(c)	all rights and benefits under the Ship Building Contract, to the extent assignable or transferable by novation, and to the extent not assignable or transferable by novation, the
right to receive all benefits thereunder pursuant to Section 7.1; and 

  

 7 

	 	(d)	all rights and benefits under the Purchase Option Charters, to the extent assignable or transferable by novation, and to the extent not assignable or transferable by novation, the
right to receive all benefits thereunder pursuant to Section 7.1. 

 The assets described in subsection 2.2(a) to 2.2(d), but excluding
the Excluded Assets, with respect to the Contracted Vendor, are hereinafter collectively referred to as the “Contracted Assets”. 
  

	2.3	Closing of the Purchase of Initial Assets 

  

	 	(a)	Subject to satisfaction or waiver of the conditions set forth in Sections 6.1 and 6.2, the sale and transfer of each of the Initial Assets and the payment of the respective portion
of the Initial Assets Purchase Price relating to each Initial Vessel as described in Sections 3.1 and 3.3, shall take place on such date and at such time (as of Greenwich Mean Time) as may be agreed to in writing by the applicable Initial Vendor and
the Purchaser for the closing of any Initial Vessel, (each such date, an “Initial Assets Date of Closing”). 

  

	 	(b)	The Initial Vessels shall be delivered and taken over safely afloat, at a safe, ice-free port, at a safe berth, safely alongside or at a safe and readily accessible anchorage
anywhere in the Atlantic, Pacific or Indian Ocean(s), or Arabian, Caribbean, Mediterranean or Red Sea(s) or any connecting bodies of water or the islands thereof, within such Vessel’s trading limits. 

  

	 	(c)	The Initial Vendor shall keep the Purchaser informed about each Initial Vessel’s schedule so that the Initial Vendor and the Purchaser can agree upon a mutually convenient
Date of Closing for any Initial Vessel. The relevant Initial Vessel will be delivered to the Purchaser or, as applicable, to its Designated Subsidiary wherever such Initial Vessel may be at the designated Date of Closing. 

Each sale and transfer of Initial Assets is hereinafter referred to as an “Initial Assets Closing”. 
  

	2.4	Closing of the Purchase of Contracted Assets 

  

	 	(a)	Subject to satisfaction or waiver of the conditions set forth in Sections 6.1 and 6.2, the sale and transfer of each of the Contracted Assets (except for the CMA CGM Berlioz)
shall occur simultaneously with the payment of the respective portion of the Contracted Assets Purchase Price relating to each Contracted Vessel as described in Sections 3.2 and 3.3 on, as applicable, the respective Delivery Date for the Contracted
Vessel or on such date and time (as of Greenwich Mean Time) as may be agreed to in writing by the Contracted Vendor and the Purchaser (the “Contracted Assets Date of Closing”). 

  

	 	(b)	With regard to the CMA CGM Berlioz, the Contracted Vendor shall keep the Purchaser informed of its schedule and the Contracted Vendor and the Purchaser shall agree in
writing upon a Date of Closing, which is scheduled to occur on or around July 31, 2009 but in any event shall occur no later than September 30, 2009. The CMA CGM Berlioz is to be delivered to the Purchaser or, as applicable,
to its Designated Subsidiary wherever it may be at the designated Date of Closing. The sale and transfer of the CMA CGM Berlioz shall occur simultaneously with the payment of its respective portion of the Contracted Assets Purchase Price as
described in Sections 3.2 and 3.3. 

 Each sale and transfer of Contracted Assets is hereinafter referred to as a “Contracted Assets
Closing”. 
  

	2.5	Place of Closing 

 Each Initial Assets Closing and Contracted Assets
Closing shall take place at the offices of Orrick, Herrington & Sutcliffe LLP, Tower 42, Level 35, 25 Old Broad Street, London, EC2N 1HQ, United Kingdom, or such other place as may be agreed upon by the applicable Vendor and the
Purchaser. 
  

	2.6	Assignment and Transfer Documents 

  

	 	(a)	 Subject to the terms and conditions hereof, each Vendor will execute and deliver to the Purchaser at the applicable Date of Closing of such Vendor’s Purchased
Assets, such deeds of conveyance, bills of sale, assignment documents and all other documents as are set forth in the relevant Vessel MOA or Initial Asset Newbuilding MOA, as applicable, and are necessary to validly complete (i) the sale and
transfer to the 

  

 8 

	 	 
Purchaser or, as applicable, to its Designated Subsidiary of that Vendor’s Purchased Assets free and clear of any Encumbrances, in pre-agreed form and
content and (ii) the permanent registration of the Vessel in the applicable jurisdiction. 

  

	 	(b)	Subject to the terms and conditions hereof, the Purchaser or, as applicable, its Designated Subsidiary will execute and deliver to the relevant Vendor at the applicable Date of
Closing of such Vendor’s Purchased Assets, such documents as are set forth in the relevant Vessel MOA or Initial Asset Newbuilding MOA, as applicable, and that may be reasonably required by the Vendor, to validly complete (i) the sale and
transfer of that Vendor’s Purchased Assets in form and content reasonably acceptable to the Vendor and (ii) the permanent registration of the Vessel in the applicable jurisdiction. 

  

	 	(c)	Subject to Section 1.2 hereof and without limiting the generality of subsection 2.6 (a) above, the purchase of each Vessel (other than the CMA CGM Château
d’If, the sale of which shall be concluded on the basis of the Initial Asset Newbuilding MOA) shall be concluded on the basis of this Agreement and the Norwegian Shipbrokers’ Association’s memorandum of agreement for the sale and
purchase of ships as adopted by BIMCO in “SALEFORM 1993,” in the form attached as Schedule 2.6 logically amended as appropriate in compliance with this Agreement and the following other terms (each such agreement, the “Vessel
MOA”): 

  

	 	(1)	no deposit shall be paid; 

  

	 	(2)	subject to terms of Section 5.4(b) hereof, the Purchaser shall have the right to review the Vessel’s records and classification surveys and inspect the Vessel prior to
delivery; 

  

	 	(3)	no drydocking or inspection of underwater parts will be made; 

  

	 	(4)	the Purchaser or, as applicable, its Designated Subsidiary shall take possession of the remaining unused/unbroached lubricating oils contained in storage tanks and sealed drums and,
in consideration therefor, reimburse the Vendor the purchase price thereof (as evidenced by the Vendor’s vouchers and receipts). At no extra cost to the Purchaser, or, as applicable, its Designated Subsidiary, the Vessel shall be delivered with
a full set of lashing and fittings. The same will be sufficient to lash/secure a full load of a mix of 20/40/45 foot containers, in compliance with the requirements of the Time Charters. The fuel and gas oil which are on board the Vessel at the
applicable Date of Closing shall remain the property of the Vendor; 

  

	 	(5)	the Vessel MOA may be cancelled by the Vendor, the Purchaser or, as applicable, the Designated Subsidiary if this Agreement is terminated for any reason; 

 

	 	(6)	the Initial Asset Newbuilding MOA or the relevant Vessel MOA may be terminated by the Purchaser or, as applicable, its Designated Subsidiary if any of the Hanjin Contracts, the
Memoranda of Agreement, the Ship Building Contract or the Purchase Option Charters related to the applicable Vessel being purchased and sold thereunder is terminated or cancelled for any reason whatsoever; and 

  

	 	(7)	fees and expenses related to the flagging of the Vessels upon their purchase shall be paid as provided for in Section 3.11 hereof. 

 In accordance with Section 1.2 hereof, if there is any inconsistency between the provisions of this Agreement and any Vessel MOA or, as applicable, the Initial
Asset Newbuilding MOA, the provisions of this Agreement will govern. 
  

	2.7	Excluded Liabilities 

 The Purchaser shall not assume and shall have
no obligation to discharge, perform or fulfill any liabilities or obligations of any Vendor or claims against any Vendor related to any Vendor’s Purchased Assets of any kind whatsoever in respect of the period of time prior to the relevant
Closing Date, including, but not limited to, with respect to each Vendor: 
  

	 	(a)	any such liabilities or obligations of that Vendor incurred or accrued prior to the relevant Closing Date of that Vendor’s Purchased Assets, including but not limited to, any
claim by a third party arising out of or in connection with the operation of the business of the Vendor or any operating expenses of Vessels on or before the relevant Closing Date; 

  

 9 

	 	(b)	all Taxes of or relating to that Vendor or, with respect to any period of time prior to the relevant Closing Date, as the case may be, of that Vendor’s Purchased Assets;

  

	 	(c)	all such liabilities in respect of indebtedness of that Vendor to all persons; 

  

	 	(d)	all such claims and liabilities relating to services provided by that Vendor prior to the relevant Closing Date, as the case may be, of that Vendor’s Purchased Assets;

  

	 	(e)	any such claims, obligations and liabilities relating to or arising out of the employment of all crew and sea-going employees employed by the Vendor or a sub-contracted party on any
of its Vessels, including liens for master’s disbursements incurred in the ordinary course of trading and unpaid crew’s wages, including liabilities secured by the liens described in paragraph (iii) of the definition of Permitted
Encumbrances; 

  

	 	(f)	all liabilities which relate to a period of time prior to the relevant Closing Date of that Vendor’s Purchased Assets; 

  

	 	(g)	any such obligations or liabilities of that Vendor related to any breach or default of any kind by that Vendor existing or relating to a period of time prior to the relevant Closing
Date of that Vendor’s Purchased Assets or arising as a consequence of the transactions contemplated by this Agreement; and 

  

	 	(h)	subject to Section 7.2, any liabilities or obligations of any Vendor under the Memoranda of Agreement, the Ship Building Contract or the Purchase Option Charters.

 Each Vendor shall indemnify and save harmless the Purchaser from and against all such liabilities, debts, obligations and claims in
accordance with Section 8.5. 
  

	3.	PURCHASE PRICE 

  

	3.1	Initial Assets Purchase Price 

  

	 	(a)	Unless otherwise adjusted pursuant to the terms of Sections 3.5 or 3.7 of this Agreement, the aggregate purchase price for the Initial Assets, providing that all Initial Vessels are
sold to the Purchaser or, as applicable, its Designated Subsidiary, will be five hundred and seventy three million dollars ($573,000,000) (the “Initial Assets Purchase Price”). 

  

	 	(b)	The purchase price of each of the Initial Vessels is set forth on Schedule 3.1 hereof. Simultaneously with the transfer of title to any Initial Vessel on the applicable Initial
Assets Date of Closing, the Purchaser or, as applicable, its Designated Subsidiary shall pay the relevant Initial Vendor the relevant purchase price for such Initial Vessel. The purchase price for each Initial Vessel shall be paid in cash.

  

	 	(c)	In the event of the non-purchase or non-delivery of an Initial Vessel pursuant to the terms and conditions set forth in this Agreement, including termination pursuant to
Section 9.2 hereof or the Total Loss of such Initial Vessel, then, any other provisions of this Agreement notwithstanding, the Initial Assets Purchase Price shall be reduced by the purchase price of such Initial Vessel set forth on Schedule
3.1. 

  

	3.2	Contracted Assets Purchase Price 

  

	 	(a)	Unless otherwise adjusted pursuant to the terms of Sections 3.5, 3.7 or 5.4(e) of this Agreement, the aggregate purchase price for the Contracted Assets, providing that all
Contracted Vessels are sold to the Purchaser or, as applicable, its Designated Subsidiary, will be four hundred and thirty seven million dollars ($437,000,000) (the “Contracted Assets Purchase Price”). 

  

	 	(b)	The purchase price of each of the Contracted Vessels is set forth on Schedule 3.2 hereof. Simultaneously with the transfer of title to any Contracted Vessel on the applicable
Contracted Assets Date of Closing, the Purchaser or, as applicable, its Designated Subsidiary shall pay the relevant Contracted Vendor the relevant purchase price for such Contracted Vessel. 

  

 10 

	 	(c)	The purchase price for each Contracted Asset shall be paid with the following consideration and in the following order: 

  

	 	i.	first by the issuance of Common Shares valued at their Initial Public Offering price up to the Contracted Assets Purchase Price Maximum Share Amount; and 

 

	 	ii.	then by cash. 

  

	 	(d)	In the event of the non-purchase or non-delivery of a Contracted Vessel pursuant to the terms and conditions set forth in this Agreement, including termination pursuant to
Section 9.2 hereof or the Total Loss of such Contracted Vessel, then, any other provisions of this Agreement notwithstanding, the Contracted Assets Purchase Price shall be reduced by purchase price of such Contracted Vessel set forth on
Schedule 3.2. 

  

	3.3	Payment of the Initial Asset Purchase Price and Contracted Assets Purchase Price 

  

	 	(a)	The Initial Asset Purchase Price and the cash portion of the Contracted Assets Purchase Price will be paid by wire transfer of immediately available funds to an account designated
in writing by the applicable Vendor without any form of set-off or condition and free and clear of any tax deduction. The Common Shares portion of the Contracted Assets Purchase Price will be paid by the issuance to CMA CGM of that number of Common
Shares computed pursuant to Section 3.2. 

  

	 	(b)	The Initial Vendor shall give the Purchaser written notice prior to the expected Initial Assets Date of Closing, which, to the extent applicable to the CMA CGM Château
d’If, shall be consistent with the related notice requirements in Clause 18 of the Memoranda of Agreement related to that Vessel. 

  

	 	(c)	The Contracted Vendor shall give the Purchaser written notice prior to the expected Contracted Assets Date of Closing, which, to the extent applicable, shall be consistent with the
related notice requirements in Article VII of the Ship Building Contract or the Vessel delivery dates under Clause 62 of the respective charter of each Contracted Vessel subject to the Purchase Option Charters. 

  

	3.4	Allocation of Initial Assets Purchase Price and Contracted Assets Purchase Price 

 The Vendors and the Purchaser agree to allocate the Initial Assets Purchase Price among the Initial Assets in accordance with Schedule 3.1 hereto and the Contracted Assets Purchase Price among the Contracted Assets in
accordance with Schedule 3.2 hereof. Each Party will report the sale and purchase of the Initial Assets and the Contracted Assets for all federal, provincial, state and local tax purposes in the form and in a manner consistent with such allocation.
Each Party will promptly notify the other if it receives notice that a taxing authority proposes any allocation that is different from the allocation in Schedule 3.1 or Schedule 3.2 hereof, as applicable. 
  

	3.5	Price Adjustments Prior to a Closing Date 

 The relevant Vendor
shall notify the Purchaser as soon as practicable of any changes or discussion of changes of the purchase price of the CMA CGM Alcazar, the CMA CGM Château d’If or the Vessel that is subject to the Ship Building Contract. In
the event that the purchase price of any of the three aforementioned Vessels is adjusted (but only in the manner provided below), the relevant Vendor and the Purchaser shall agree upon the revised purchase price of such Vessel at least seven
(7) Business Days in advance of the Date of Closing for that Vessel. The relevant Vendor shall provide the Purchaser with a schedule giving full details of any purchase price adjustment and, if requested by the Purchaser, supporting
documentation. 
  

	 	(a)	To the extent not otherwise accounted for in the determination of the purchase price of the CMA CGM Château d’If or the CMA CGM Alcazar, the purchase price
of those Vessels will be adjusted to reflect any and all reductions to the price thereof paid by the relevant Vendor, including any reductions pursuant to Article III of the Hanjin Contracts, as described in the Memoranda of Agreement.

  

 11 

	 	(b)	To the extent not otherwise accounted for in the determination of the purchase price of the Vessel subject to the Ship Building Contract, the purchase price of that Vessel will be
adjusted to reflect any and all increases or reductions to the price thereof paid by the relevant Vendor to the Builder, including any adjustments pursuant to Section 5.4(e) hereof and/or Article III of the Ship Building Contract.

  

	 	(c)	In the event of a purchase price adjustment to any of the CMA CGM Château d’If, the CMA CGM Alcazar or the Vessel that is subject to the Ship Building
Contract pursuant to the terms of this Section 3.5, the resulting purchase price shall be paid in accordance with Section 3.3(a). 

  

	 	(d)	In the event that the amount of any purchase price adjustment remains in dispute and the dispute is not resolved on or before the sixth (6th) Business Day prior to the
applicable Closing Date, the Vendor and the Purchaser will refer the matter to dispute resolution and arbitration pursuant to Section 10.8 hereof. 

  

	3.6	Shipyard Deficient Vessel 

 In the event that there is a deficiency
in a Vessel such that the Vessel does not meet the specifications set forth in the Memoranda of Agreement, Hanjin Contracts or Ship Building Contract, as applicable (a “Deficient Vessel”), and if the respective Vendor is not obligated to
purchase and take delivery of the Deficient Vessel, the Purchaser may at its sole discretion and liability elect to purchase the Deficient Vessel from the Vendor. Upon notice by the Vendor to the Purchaser that it will not take delivery of the
Deficient Vessel under the Memoranda of Agreement or Ship Building Contract, as applicable, the Vendor shall provide the Purchaser with the timeframe under the Memoranda of Agreement or Ship Building Contract, as applicable, in which the Purchaser
must ask the Vendor to purchase and take delivery of the Deficient Vessel on behalf of the Purchaser. If so requested by the Purchaser (i) within the applicable timeframe and (ii) in a written notice stating that the Purchaser
(a) undertakes to pay, or a cause its Designated Subsidiary to pay, the applicable purchase price and take delivery of the Deficient Vessel at its own liability and without any recourse against the Vendor, then the Vendor shall perform the
purchase and take delivery of the Deficient Vessel on its behalf exclusively for the purpose of selling it to the Purchaser or, as applicable, its Designated Subsidiary. The Purchaser or, as applicable, its Designated Subsidiary and the Vendor will
then complete the purchase and sale of such Deficient Vessel as provided in this Section 3.6; always provided, that the Vendor will receive the purchase price applicable to such Deficient Vessel simultaneously with the transfer of title
thereof on the date of delivery of the Deficient Vessel to the Vendor. The Purchaser or, as applicable, its Designated Subsidiary will receive all rebates, discounts or other reductions that result from such deficiency under the Memoranda of
Agreement, Hanjin Contracts or Ship Building Contract, if any, including any rebates or adjustments pursuant to Article III of the Ship Building Contract or Article III of the Hanjin Contracts. 
 Except as provided in this Section 3.6, the Vendor shall have no obligations related to any Deficient Vessel, nor shall it (i) incur any liability related to,
caused by or arising out such Vessel’s deficiency or deficiencies or (ii) have any obligation to charter out a Deficient Vessel under the Time Charters. For the avoidance of doubt, the Vendor hereby expressly disclaims any representations,
warranties, covenants or obligations of the Vendor set forth in this Agreement with regard to any Deficient Vessel, including, without limitation, any representations, warranties, covenants or obligations set forth in Sections 4, 5, 6, 7 and 8
hereof. 
  

	3.7	Rebates 

 All rebates, discounts and reductions for the benefit of
the relevant Vendor with respect to the Memoranda of Agreement or Ship Building Contract that were negotiated prior to the date of this Agreement (including a prorated portion of any fleet-based discounts, if applicable) will be for the benefit of,
and payable to, the Purchaser. With respect to the CMA CGM Château d’If, the CMA CGM Alcazar or the Vessel which is subject to the Ship Building Contract, the Purchaser will have the right to receive an adjustment for those
rebates, discounts and other reductions related to any deficiencies of the aforementioned Vessel to which the relevant Vendor is entitled pursuant to the Memoranda of Agreement or the Ship Building Contract (including Article III thereof).

  

 12 

	3.8	Risk of Loss 

 The Vendor of each Purchased Asset will bear all risk
of loss or damage to, or destruction of, such Purchased Asset until the relevant Closing Date. The Purchaser will bear all such risk of loss after the relevant Closing Date of that Purchased Asset. 
  

	3.9	Total Loss 

 In the event of a Total Loss of an Initial Vessel or a
Contracted Vessel, the Purchaser and the Initial Vendor or Contracted Vendor, as applicable, will be released from all their contractual obligations with respect to that Initial Vessel or Contracted Vessel hereunder. In addition, the Vessel MOA, or,
as applicable, the Initial Asset Newbuilding MOA, with respect to the relevant Initial Vessel or Contracted Vessel will automatically terminate with no further effect and without any right of indemnities or penalties. 
  

	3.10	Transfer Taxes 

 Except as otherwise provided herein, each Vendor
and the Purchaser shall be liable for and shall pay for its own transfer taxes payable directly or indirectly in connection with this Agreement, including, without limitation, any excise, tonnage, customs, use, registration, recording, duties, fees
and costs and any other imposts and assessments (exclusive of income taxes) exigible in respect of the transactions contemplated by this Agreement. In the event that the Purchaser, after the Closing Date of the relevant Purchased Assets, is required
to pay or remit any such transfer taxes, duties, costs or other assessments which accrued and were incurred prior to the Closing Date for a Vessel, and not paid by the relevant Vendor in accordance with this Section 3.10 before the Closing
Date, the relevant Vendor shall indemnify and save the Purchaser harmless in respect of the same. 
  

	3.11	Flagging 

  

	 	(a)	Each Vendor and the Purchaser hereby acknowledge and agree that each Vessel (except for the CMA CGM Château d’If and CMA CGM Alcazar) will be duly
registered under the flag of Cyprus on or before the applicable Closing Date, and all costs relating to such flagging shall be borne as follows: 

  

	 	(i)	solely by the Purchaser with regard to the Ville d’Orion, Ville d’Aquarius and the CMA CGM Jamaica; 

  

	 	(ii)	split equally between the Vendor and the Purchaser with regard to the CMA CGM Sambhar and CMA CGM America; and 

  

	 	(iii)	solely by the Vendors with regard to the all other Vessels. 

  

	 	(b)	Each Vendor and the Purchaser hereby acknowledge and agree that each of the CMA CGM Château d’If and the CMA CGM Alcazar will be duly registered under the
flag of Panama on or before the applicable Closing Date, and all costs relating to such flagging shall be borne by the relevant Vendor. In the event that after their respective Closing Dates, either of the CMA CGM Château d’If or
the CMA CGM Alcazar is registered under the flag of Cyprus, then all costs relating to such flagging shall be borne by the relevant Vendor. For the avoidance of doubt, in the event that after their respective Closing Dates, either of the
CMA CGM Château d’If or CMA CGM Alcazar is registered under the flag of any jurisdiction other than Cyprus, then all costs relating to such flagging shall be borne by the Purchaser. 

  

	 	(c)	Each Vendor will, or will cause its designated representative to, flag the Vessels as provided for in this Section 3.11. The Purchaser hereby agrees that the Vendor, or its
designated representative, will commence the flagging process on or before the applicable Closing Date on behalf of the applicable Vendor and complete the flagging process on or after the applicable Closing Date on behalf of the Purchaser (which,
for the avoidance of doubt, shall not affect the allocations of costs set forth above). The Vendors and the Purchaser agree to perform and cause to be done such further acts and things as may be necessary to give full effect to the transactions
contemplated in this Section 3.11. 

  

 13 

	 	(d)	In the event that any Vessel (except for the CMA CGM Château d’If and the CMA CGM Alcazar) is not duly registered under the flag of Cyprus as of its
applicable Closing Date, then the applicable Vendor shall indemnify and hold harmless the Purchaser against all expenses, liability and losses (including attorney’s fees) actually and reasonably incurred by the Purchaser as a direct result
of or directly arising from: (i) any Taxes properly incurred and duly documented (to the reasonable satisfaction of the applicable Vendor) by the Purchaser due to the failure of the Vessel to be duly registered under the Cyprus flag as of
its Closing Date or (ii) any changes of crew which are necessary for the due registration of the Vessel under the Cyprus flag. 

  

	3.12	Changes to Time Charters Related to Purchase Price Adjustments 

 In
the event of any adjustment to the purchase price of the CMA CGM Château d’If, the CMA CGM Alcazar or the Vessel that is subject to the Ship Building Contract pursuant to the terms of Sections 3.5, 3.7 or, in the case of the
Vessel that is subject to the Ship Building Contract only, 5.4(e) hereof, the Purchaser and the relevant Vendor will cause a corresponding adjustment (which, in the case of the CMA CGM Château d’If and the CMA CGM Alcazar,
shall be a reduction and, in the case of the Vessel that is subject to the Ship Building Contract, may be either a reduction or an increase) to be made to the charter hire paid for such Vessel pursuant to the terms of the relevant Time Charter.

  

	4.	REPRESENTATIONS AND WARRANTIES 

  

	4.1	Representations and Warranties of the Vendors 

 Except as set out
expressly in this Agreement, the Vendors make no representation or warranty with respect to the Purchased Assets. The representations and warranties of the Vendors contained herein are joint and several. Each Vendor represents and warrants that:

  

	 	(a)	it is a corporation duly incorporated, organized and validly existing in good standing under the laws of its jurisdiction of incorporation and has full power and capacity to enter
into, carry out the transactions contemplated by and duly observe and perform all its obligations contained in this Agreement; 

  

	 	(b)	the execution and delivery of this Agreement and all documents, instruments and agreements required to be executed and delivered by it pursuant to this Agreement, and the completion
of the transactions contemplated by this Agreement, have been duly authorized by all necessary action on its part, and this Agreement has been duly executed and delivered by it and constitutes a legal, valid and binding obligation of it enforceable
in accordance with its terms, except as may be limited by bankruptcy, insolvency, liquidation, reorganization, reconstruction and other similar laws of general application affecting the enforceability of remedies and rights of creditors and except
that equitable remedies such as specific performance and injunction are in the discretion of a court; 

  

	 	(c)	the execution, delivery and performance by it of this Agreement will not conflict with or result in any violation of or constitute a breach of any of the terms or provisions of, or
result in the acceleration of any obligation under, or constitute a default under any provision of: (i) its articles of incorporation or bylaws or other organizational documents, including any resolution of its board of directors (or any
committee thereof); (ii) any Encumbrance, bond, indenture, agreement, contract, franchise license, permit or other instrument or obligation to which it is a party or is subject or by which any of its assets or properties may be bound;
(iii) any Applicable Law; and (iv) any material contract or any material provision of any material contract to which it is party or by which its properties are bound, and to the extent applicable, the Memoranda of Agreement or the Ship
Building Contract; 

  

	 	(d)	except as set forth in Schedule 4.1(d) and except as have already been obtained, no consent, permit, approval or authorization of, notice or declaration to or filing with any
Governmental Authority or any other Person, including those related to any environmental laws or regulations, is required in connection with the execution and delivery by it of this Agreement or the consummation by it of the transactions
contemplated hereunder; 

  

 14 

	 	(e)	its Purchased Assets are owned beneficially by it with a good and marketable title thereto, free and clear of any Encumbrances other than Permitted Encumbrances;

  

	 	(f)	there is no agreement, contract, option, commitment or other right or understanding in favor of, or held by, any Person other than the Purchaser to acquire any of its Purchased
Assets that has not been waived; 

  

	 	(g)	correct and complete copies of its organizational documents (as amended to the date hereof), the Memoranda of Agreement, the Hanjin Contracts, Ship Building Contract and the
Purchase Option Charters have been made available to the Purchaser; 

  

	 	(h)	if it is an Initial Vendor, each of its Initial Vessels, or if it is the Contracted Vendor, each of its Contracted Vessels, will be at the respective Date of Closing: (i) free
and clear of any Encumbrances, including Permitted Encumbrances, and good and marketable title thereto will be transferred to the Purchaser at the Date of Closing; (ii) adequate and suitable for use by the Vendor in its business as presently
conducted by it in all material respects; (iii) seaworthy in all material respects for hull and machinery insurance warranty purposes and is in good running order and repair; (iv) in the same condition as such Vessel was at the time of the
Purchaser’s inspection, fair wear and tear excepted; (v) insured against all risks, and in amounts, consistent with common industry practices; (vi) in compliance with maritime laws, including, but not limited to ISM and ISPS Codes;
(vii) duly registered under the flag set forth opposite the Vessel’s name on Schedule A or Schedule B hereto, unless otherwise notified in writing by the relevant Vendor to the Purchaser at least seven (7) Business Days in
advance of the applicable Closing Date; (viii) certified by a member of the International Association of Classification Societies to be in class and, except for the Existing Conditions or Recommendations, without condition or recommendation,
free of average damage affecting such Vessel’s class and with classification certificates and national certificates, as well as all other certificates such Vessel had at the time of inspection, valid and unextended without condition or
recommendation by classification society and with an unexpired term of at least three (3) months and (ix) free and clear of arrest and detention; 

  

	 	(i)	There are no actions, suits or proceedings pending before or by any Governmental Authority or before any arbitrator of any kind, against it (other than any such actions, suits or
proceedings that could not reasonably be expected to adversely impact its ability to consummate the transactions contemplated hereby or to adversely impact the value of the Purchased Assets) and it is not subject to any settlements, consent decrees,
judgments, injunctions, orders or findings related to the Purchased Assets that would reasonably be expected to adversely impact its ability to consummate the transactions contemplated hereby or to adversely impact the value of the Purchase Assets;

  

	 	(j)	it owns or possesses all material licenses, permits, franchises, registrations and similar authorizations of any Government Authority which are necessary and used in the operation
of its business as of the date hereof (each, a “License” and collectively, the “Licenses”); no such License will terminate or be subject to termination or revocation as a result of the consummation of the
transactions contemplated hereby; all Licenses are in full force and effect and no proceeding is pending or, to the knowledge of the Vendor, threatened seeking the revocation or limitation of any such License; and all required filings with respect
to Licenses have been timely made and all required applications for renewal thereof have been timely filed; 

  

	 	(k)	it owns or it owns or possesses all permissions, licenses, consents or other documentation required to change or have changed the flag of the CMA CGM Berlioz from France to a
mutually agreed upon European flag before the sale of such Vessel to the Purchaser. The Purchaser shall not bear the costs directly related to the re-flaggings, regardless of whether they occur after the sale of such Vessels to the Purchaser;

  

	 	(l)	except as disclosed in writing to the Purchaser and except as incurred in the ordinary course of business since the date of such disclosure, there is no material liability, debt or
obligation of or claim against any Vendor relating to any of the Purchased Assets that is known or should reasonably be known to the Vendors; and 

  

 15 

	 	(m)	it has disclosed any Existing Conditions or Recommendations of which such Vendor has knowledge, including by reason of classification society reports, either (i) on Schedule
4.1(m) hereof or (ii) by written notice to the Purchaser at least seven (7) Business Days prior to the applicable Date of Closing. 

  

	4.2	Representations and Warranties of the Purchaser 

 The Purchaser
represents and warrants that: 
  

	 	(a)	it is a corporation duly incorporated, organized and validly existing under the laws of the Republic of the Marshall Islands; and has full power and capacity to enter into, carry
out the transactions contemplated by, and duly observe and perform all its obligations contained in this Agreement; 

  

	 	(b)	the execution and delivery of this Agreement and all documents, instruments and agreements required to be executed and delivered by it pursuant to this Agreement, and the completion
of the transactions contemplated by this Agreement, have been duly authorized by all necessary corporate action on its part, and this Agreement has been duly executed and delivered by it and constitutes a legal, valid and binding obligation of it
enforceable in accordance with its terms, except as may be limited by bankruptcy, insolvency, liquidation, reorganization, reconstruction and other similar laws of general application affecting the enforceability of remedies and rights of creditors
and except that equitable remedies such as specific performance and injunction are in the discretion of a court; 

  

	 	(c)	neither the execution and delivery of this Agreement nor the completion and performance of the transactions and obligations contemplated by or contained in this Agreement will
result in a breach of or default under, or be contrary to, any of the provisions of its articles of incorporation or bylaws or other organizational documents including any resolution of its board of directors (or any committee thereof), the Credit
Facility, the Initial Asset Newbuilding MOA or any Encumbrance, indenture, contract, agreement or instrument to which it is a party or by which it is bound; 

  

	 	(d)	it or a duly authorized representative has inspected the applicable Vessel (except for the CMA CGM Château d’If and CMA CGM Alcazar and the Vessel that is
subject to the Ship Building Contract) and its class records prior to the Date of Closing of the such Vessel; and 

  

	 	(e)	any actions which it causes a Designated Subsidiary to take hereunder have been duly authorized by all necessary corporate action. 

  

	4.3	Representations and Warranties of CMA CGM 

 CMA CGM represents and
warrants that: 
  

	 	(a)	it legally and beneficially owns directly or indirectly all of the issued and outstanding shares of each of the other Vendors; 

  

	 	(b)	it is a corporation duly incorporated, organized and validly existing in good standing under the laws of France and has full power and capacity to enter into, carry out the
transactions contemplated by and duly observe and perform all its obligations contained in this Agreement; 

  

	 	(c)	the execution and delivery of this Agreement, the Ship Building Contract, the Memoranda of Agreement, the Purchase Option Charters and the Purchase Options and all documents,
instruments and agreements required to be executed and delivered by it pursuant to the respective terms thereof and the completion of the transactions contemplated by this Agreement, the Ship Building Contract, the Memoranda of Agreement, the
Purchase Option Charters and the Purchase Options have been duly authorized by all necessary action on its part, and this Agreement, the Ship Building Contract, the Memoranda of Agreement, the Purchase Option Charters and the Purchase Options have
been duly executed and delivered by it and constitute legal, valid and binding obligations of it enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, liquidation, reorganization, reconstruction
and other similar laws of general application affecting the enforceability of remedies and rights of creditors and except that equitable remedies such as specific performance and injunction are in the discretion of a court; 

 

 16 

	 	(d)	the execution, delivery and performance by it of this Agreement will not conflict with or result in any violation of or constitute a breach of any of the terms or provisions of, or
result in the acceleration of any obligation under, or constitute a default under any provision of: (i) its articles of incorporation or bylaws or other organizational documents, including any resolution of its board of directors (or any
committee thereof); (ii) any Encumbrance, bond, indenture, agreement, contract, franchise license, permit or other instrument or obligation to which it is a party or is subject or by which any of its assets or properties may be bound;
(iii) any Applicable Law and (iv) any material provision of any material contract to which it is a party or by which its properties are bound, including the Initial Asset Newbuilding MOA, the Memoranda of Agreement, the Ship Building
Contract, the Purchase Option Charters or the Purchase Options; 

  

	 	(e)	correct and complete copies of CMA CGM’s exercise of the Purchase Options have been provided to the Purchaser and its counsel and each Purchase Option has been duly and validly
exercised in compliance with the terms thereof; 

  

	 	(f)	the Memoranda of Agreement, the Ship Building Contract, the Purchase Options and the Purchase Option Charters are in good standing and in full force and effect;

  

	 	(g)	to the best of its knowledge, the Memoranda of Agreement, the Hanjin Contracts, the Ship Building Contract, the Purchase Options and the Purchase Option Charters are valid and
binding obligations of the other parties thereto, enforceable in accordance with their terms; 

  

	 	(h)	it has complied with all material terms of each of the Memoranda of Agreement, the Ship Building Contract, the Purchase Options and the Purchase Option Charters, and, as applicable,
has paid all contractual installments due thereunder, has not waived any material rights thereunder and no material default or breach exists in respect thereof on its part or, to its knowledge, any of the other parties thereto and, to its knowledge,
no event has occurred which, after the giving of notice or the lapse of time or both, would constitute such a material default or breach according to any of the Memoranda of Agreement, the Ship Building Contract, the Purchase Options or the Purchase
Option Charters; 

  

	 	(i)	it is purchasing the Common Shares for investment for its own account only and not with a view to, or for resale in connection with, any “distribution” thereof within the
meaning of the Securities Act of 1933, as amended, of United States federal law and it does not have any present intention to transfer the Common Shares to any other person or entity and it shall not assign, encumber or dispose of any interest in
the Common Shares acquired pursuant to the terms of this Agreement except in compliance with applicable securities laws; 

  

	 	(j)	it understands that the Common Shares have not been registered under the Securities Act of 1933, as amended, of United States federal law by reason of a specific exemption
therefrom, which exemption depends upon, among other things, the bona fide nature of CMA CGM’s investment intent as expressed herein; 

  

	 	(k)	it understands that the Common Shares are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, it must hold
the Common Shares indefinitely unless they are registered with the United States Securities and Exchange Commission and qualified by state authorities, or an exemption from such registration and qualification requirements is available. CMA CGM
acknowledges that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Common Shares, and other
requirements which are outside of the CMA CGM’s control; 

  

	 	(l)	it understands that any certificates representing the Common Shares shall bear the following legends (as well as any legends required by applicable United States securities laws):

 THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF
COUNSEL FOR THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 17 

	5.	PRE-CLOSING MATTERS 

  

	5.1	Covenants of the Vendors Prior to Closing 

 Each Vendor hereby
agrees and covenants that during the period of time after the date of this Agreement and prior to the Date of Closing of that Vendor’s Purchased Assets, that Vendor: 
  

	 	(a)	shall, until the relevant Date of Closing for any Purchased Asset, continue to maintain in full force and effect all policies of insurance and renewals thereof now in effect in
respect of that Vendor’s Purchased Assets, unless otherwise agreed to in writing by the relevant Vendor and the Purchaser, 

  

	 	(b)	shall use its reasonable efforts to take or cause to be taken promptly all actions and to do or cause to be done all things necessary, proper and advisable to consummate and make
effective as promptly as practicable the transactions contemplated by this Agreement and to cooperate with the Purchaser in connection with the foregoing, including using all reasonable efforts to obtain all necessary consents, approvals and
authorizations from each Governmental Authority and each other Person that are required to consummate the transactions contemplated under this Agreement; 

  

	 	(c)	shall take or cause to be taken all necessary corporate action, steps and proceedings to approve or authorize validly and effectively the purchase and sale of that Vendor’s
Purchased Assets and the execution and delivery of this Agreement and the other agreements and documents contemplated hereby; 

  

	 	(d)	shall use reasonable efforts to preserve and protect that Vendor’s Purchased Assets; 

  

	 	(e)	shall comply in all material respects with all Applicable Laws affecting the operation of that Vendor’s Purchased Assets; 

  

	 	(f)	shall pay all Taxes due and payable relating to the operation of its Purchased Assets which arise prior to, or are related to, a period of time prior to the Date of Closing of its
Purchased Assets; 

  

	 	(g)	shall not cause or, to the extent reasonably within its control, sell, transfer or dispose of any of that Vendor’s Purchased Assets; 

  

	 	(h)	shall not cause or, to the extent reasonably within its control, permit any attachments to or affecting any of that Vendor’s Purchased Assets; 

  

	 	(i)	prior to the Date of Closing for the CMA CGM Berlioz, change the flag of that Vessel from France to a mutually agreed upon European flag and bear all costs directly related
thereto; and 

  

	 	(j)	shall use its commercially reasonable efforts to remedy or cure any Existing Conditions or Recommendations at its own expense. 

  

	5.2	Covenants of the Purchaser Prior to Closing 

  

	 	(a)	The Purchaser hereby agrees and covenants that during the period of time after the date of this Agreement and prior to each Date of Closing, the Purchaser shall, in respect of the
Purchased Assets to be transferred at each such Date of Closing, take, or cause to be taken, all necessary corporate action, steps and proceedings to approve or authorize validly and effectively the purchase and sale of those Purchased Assets by it
or its Designated Subsidiary and the execution and delivery of this Agreement and the other agreements and documents contemplated hereof; and 

  

	 	(b)	Subject to the provisions of Section 3.3, at each respective Closing Date, the Purchaser undertakes to have, or to cause its applicable Designated Subsidiary to have,
sufficient available funds to pay the relevant purchase price for each Vessel. 

  

 18 

	5.3	Covenants of CMA CGM Prior to Closing 

 CMA CGM hereby agrees and
covenants that during the period of time after the date of this Agreement and prior to the Date of Closing, CMA CGM: 
  

	 	(a)	shall cooperate with the Purchaser and use its reasonable efforts to obtain, at or prior to the relevant Date of Closing, the consents required in respect of the assignment or
transfer of its Vessel Warranties and all other rights and benefits under the Ship Building Contract, to the extent assignable; and 

  

	 	(b)	prior to the relevant Date of Closing, shall not assign its rights or obligations under or amend, alter or otherwise modify any material provision of the Ship Building Contract,
Memoranda of Agreement or Purchase Option Charters without the prior written consent of the Purchaser, such consent not to be unreasonably withheld or delayed. 

  

	5.4	Provisions in Respect of the Memoranda of Agreement, Ship Building Contract, Purchase Option Charters and the Vessel Warranties 

 Each Vendor and the Purchaser covenant and agree that from the date of this Agreement until the Date of Closing of a Vendor’s Purchased Assets: 
  

	 	(a)	each Vendor shall not assign its rights or obligations under the Ship Building Contract, Memoranda of Agreement, Purchase Option Charters or Vessel Warranties, without the prior
approval of the Purchaser, such approval not to be unreasonably withheld or delayed; 

  

	 	(b)	with respect to any Vessel currently under construction, the Initial Vendor or Contracted Vendor, as the case may be, shall consult with the Purchaser regarding (i) all
material decisions to be made pursuant to the Ship Building Contract and Memoranda of Agreement, as applicable, and shall make such decisions only with the prior approval of the Purchaser, such approval not to be unreasonably withheld or delayed;
(ii) any other matter material to the condition or operation of such Vessel, and shall make any decisions arising therefrom only with the prior approval of the Purchaser, such approval not to be unreasonably withheld or delayed and
(iii) any inspections of the CMA CGM Château d’If and the Vessels subject to the Shipbuilding Contract or the Purchase Option Charters; provided; however; that the Initial Vendor or Contracted Vendor shall have
no obligation to take any action with regard to an inspection which would cause such Vendor to violate the terms of the Memoranda of Agreement, the Shipbuilding Contract or the Purchase Option Charters, as applicable. 

  

	 	(c)	the Initial Vendor or Contracted Vendor, as the case may be, shall observe and perform in a timely manner, all of its covenants and obligations under the Ship Building Contract,
Memoranda of Agreement, Initial Asset Newbuilding MOA or Purchase Option Charters and (i) in the case of a default by another party thereto, it shall forthwith advise the Purchaser of such default and shall, if reasonably requested by the
Purchaser, enforce all of its rights under the Ship Building Contract, Memoranda of Agreement, Purchase Option Charters or Purchase Options in respect of such default and (ii) in the case of a breach or anticipated breach of the Ship Building
Contract, Memoranda of Agreement or Purchase Option Charters by the Initial Vendor or Contracted Vendor, as the case may be, it shall permit upon written demand the Purchaser to cure on its behalf such breach or anticipated breach and shall promptly
reimburse the Purchaser for any and all costs that the Purchaser may expend in order to effect such cure, except in the case of termination of the Ship Building Contract, Memoranda of Agreement or Purchase Option Charters; 

 

	 	(d)	the Initial Vendor or Contracted Vendor, as the case may be, will not, from and after the date of this Agreement, agree to any change in the purchase price of a Vessel or amend or
seek to amend any rebate, reduction, discount or refund with respect to the purchase price of the Vessel as set out in the Ship Building Contract or Memoranda of Agreement or negotiate any further such change, rebate, reduction, discount or refund,
without the prior approval of the Purchaser, such approval not to be unreasonably withheld or delayed; and 

  

	 	(e)	 if any amendment, alteration or modification of any material provision of the Ship Building Contract pursuant to Section 5.3(b), any exercise of rights of a
Vendor under the Ship Building Contract pursuant to 

  

 19 

	 	 
Sections 5.4(a) or any options or material decision under the Ship Building Contract pursuant to Section 5.4(b) results in an adjustment to the purchase
price of the Vessel that is subject to the Ship Building Contract, then the Contracted Assets Purchase Price will be adjusted accordingly pursuant to such section; provided, that the Purchaser may reasonably withhold its consent pursuant to
the foregoing provisions if it is not notified in writing of any such adjustment to the purchase price at least fifteen (15) business days in advance of the Date of Closing for that Vessel and provided, further, that the resulting
purchase price shall be paid in accordance with Section 3.3(a). 

  

	5.5	Delivery of Initial Asset Newbuilding MOA and Vessel MOAs 

 As soon
as practicable but in event no later than the Closing Date for the CMA CGM Château d’If, CMA CGM and the Purchaser or, as applicable, its Designated Subsidiary, shall enter into the Initial Asset Newbuilding MOA in form and
substance as agreed between CMA CGM and the Purchaser and as set out in substantially the form of Schedule D hereto. 
 As soon as practicable but in event
no later than the applicable Closing Date for the relevant Vessel (except for the CMA CGM Château d’If), each Vendor and the Purchaser or, as applicable, its Designated Subsidiary, shall enter into a Vessel MOA in respect of that
Vendor’s Contracted Vessel or Initial Vessel, as the case may be, in form and substance as agreed between the Parties, as set out in substantially the form of Schedule 2.6 hereto and subject to the terms of Section 2.6 hereof. 

 

	6.	CONDITIONS OF CLOSING 

  

	6.1	Conditions of the Purchaser 

 The obligation of the Purchaser to
complete, or, as applicable, to cause the relevant Designated Subsidiary to complete, the purchase of any Vendor’s Purchased Assets is subject to the fulfillment of the following conditions: 
  

	 	(a)	prior to the applicable Closing Date of any Contracted Vessel, the Initial Public Offering shall have been completed; 

  

	 	(b)	the ability of the Purchaser to borrow any necessary funds under the Credit Facility or under that certain Shareholder Loan Agreement by and among CMA CGM, the Purchaser and the
Designated Subsidiaries dated on or about December 5th, 2007; 

  

	 	(c)	the representations and warranties of that Vendor and CMA CGM contained in this Agreement being true and correct on and as of the applicable Date of Closing of the relevant
Vendor’s Purchased Assets with the same effect as though such representations and warranties had been made as of the applicable Date of Closing of the relevant Vendor’s Purchased Assets; 

  

	 	(d)	all of the covenants and obligations of that Vendor and CMA CGM to be performed or observed on or before applicable Date of Closing of the relevant Vendor’s Purchased Assets
pursuant to this Agreement having been duly performed or observed; 

  

	 	(e)	in respect of each of the Initial Assets Closings and Contracted Assets Closing, each of the relevant Vendors has delivered to the Purchaser or, as applicable, its Designated
Subsidiary a duly executed copy of the documents and agreements described in Section 2.6 with respect to the relevant Initial Vessel or relevant Contracted Vessel, as the case may be; 

  

	 	(f)	there having been delivered to the Purchaser a certificate of that Vendor dated the same date as the applicable Date of Closing, executed by an authorized officer or director of
that Vendor, certifying that the representations and warranties made by that Vendor in this Agreement are true and correct as at the applicable Date of Closing of the relevant Vendor’s Purchased Assets and that all covenants and obligations to
be observed or performed by that Vendor on or before the applicable Date of Closing, as the case may be, pursuant to the terms of this Agreement have been duly observed and performed; 

  

 20 

	 	(g)	prior to the Closing Date of the Contracted Vessel that is subject to the Ship Building Contract, the notifications, consents and approvals referred to in Schedule 4.1(d) hereto
shall have been validly given or obtained; 

  

	 	(h)	prior to the applicable Closing Date of any Vessel, the board of directors of the applicable Vendor will have approved this Agreement and the transactions contemplated hereby;

  

	 	(i)	prior to the applicable Closing Date of any Vessel, CMA CGM (or one of its Subsidiaries), the Ship Manager and the Vendors, as applicable, shall have entered into the documents
relevant to that Vessel, including the applicable Vessel MOA (or Initial Asset Newbuilding MOA, in the case of the CMA CGM Château d’lf), the applicable Management Agreement and the applicable Time Charter, none which shall have
been terminated and all of which shall remain effective as of the applicable Date of Closing and the applicable charterer shall have accepted the relevant Vessel pursuant to the terms of the applicable Time Charter; 

  

	 	(j)	prior to the applicable Closing Date of any Vessel, all the proceedings contemplated to be taken by this Agreement in connection with the transactions herein and all documents
incidental thereto shall be reasonably satisfactory in form and substance to the Purchaser and its counsel, and the Purchaser shall have received copies of all such documents and other evidence as it or its counsel may reasonably request in order to
establish the consummation of such transactions and the taking of all proceedings in connection therewith; 

  

	 	(k)	prior to the applicable Closing Date of any Vessel, no legal or regulatory action or proceeding shall be pending or threatened by any Governmental Authority to enjoin, restrict or
prohibit the purchase and sale of the relevant Vendor’s Purchased Assets; 

  

	 	(l)	the relevant Vessel shall be transferred to the Purchaser free and clear of any Encumbrances; 

  

	 	(m)	prior to the applicable Closing Date of (i) the CMA CGM Château d’If and CMA CGM Alcazar, the Purchaser is satisfied that CMA CGM has inspected such
Vessels prior to their respective Delivery Dates in accordance with the Memoranda of Agreement, (ii) the Vessel acquired under the Ship Building Contract, the Purchaser is satisfied that CMA CGM has inspected that Vessel prior to its Delivery
Date in accordance with the Ship Building Contract and (iii) any Contracted Vessels which are subject to the Purchase Option Charters, CMA CGM has exercised its Purchase Options pursuant to the terms thereof; and 

  

	 	(n)	prior to the Closing Date of the CMA CGM Berlioz, the relevant Vendor shall have changed her flag from France to a mutually agreed upon European flag and borne all costs
directly related thereto. 

 In the event that any of the foregoing conditions set forth in subsections (a) through
(n) of this Section 6.1 are not performed or fulfilled for a Vessel (the “Missing Condition”) at or before the applicable Date of Closing, and save that the Missing Condition can not be cured within ten (10) Business Days or
waived by consent of all the Parties, the Purchaser may terminate this Agreement for such Vessel with respect to that Vendor, in which event the Purchaser will be released from all obligations under this Agreement in respect of that Vessel,
including the payment of that Vessel’s purchase price to such Vendor, and that Vendor will also be so released in respect of the Purchaser unless such Vendor was reasonably capable of causing such condition or conditions to be fulfilled within
ten (10) Business Days or unless that Vendor breached any of its covenants or obligations in or under this Agreement which were not capable of remedy within ten (10) Business Days. The foregoing conditions are for the benefit of the
Purchaser only and accordingly the Purchaser will be entitled to waive compliance with any such conditions if it sees fit to do so, without prejudice to its rights and remedies at law and in equity and also without prejudice to any of its rights of
termination in the event of non-performance of any other conditions in this Agreement in whole or in part. 
  

	 	(o)	 In addition to the foregoing conditions precedent set forth in subsections (a) through (n) of this Section 6.1, the obligation of the Purchaser to
complete, or, as applicable, to cause the relevant Designated Subsidiary to complete, the purchase of any Vessel with any Existing Conditions or Recommendations, the purchase price of which would be funded entirely or in any part by borrowings made
under the Credit Facility, shall be subject to the fulfillment of the following additional conditions prior to the applicable Closing Date: (i)

  

 21 

	 	 
the Lenders shall have acknowledged in writing the existence of any such Existing Conditions or Recommendations and (ii) consented in writing to the
purchase of such Vessel with borrowings made under the Credit Facility. 

 In the event that the Lenders do not provide the
foregoing acknowledgement and consent set forth in subsection (o) of this Section 6.1, then the applicable Vendor shall fully repair and cure the Existing Conditions or Recommendations at its sole expense as soon as practicable. Once such
Vessel is certified by a member of the International Association of Classification Societies to be in class and without condition or recommendation, and free of average damage affecting such Vessel’s class, as evidenced by the requisite
classification certificates and national certificates, the relevant Vendor and Purchaser shall be obligated to complete the purchase of the Vessel in accordance with the terms herein; provided that the Purchaser has available, or is able to
obtain under the Credit Facility, sufficient funds to pay the relevant purchase price for the Vessel. 
  

	6.2	Conditions of the Vendors 

 The obligation of each Vendor to
complete the sale of that Vendor’s Purchased Assets contemplated by this Agreement is subject to the fulfillment of each of the following conditions: 
  

	 	(a)	on or prior to the applicable Closing Date for the CMA CGM Château d’If and CMA CGM Alcazar, the Contracted Vessel subject to the Ship Building Contract and
the Contracted Vessels subject to the Purchase Option Charters, the relevant Vessels shall have been Delivered to CMA CGM; 

  

	 	(b)	the representations and warranties of the Purchaser contained in this Agreement being true and correct on and as of the applicable Date of Closing of the relevant Vendor’s
Purchased Assets with the same effect as though such representations and warranties had been made as of the applicable Date of Closing of the relevant Vendor’s Purchased Assets; 

  

	 	(c)	prior to the applicable Closing Date of any Vessel, all of the covenants and obligations of the Purchaser related to the relevant Vendor’s Purchased Assets to be performed or
observed on or before the applicable Date of Closing pursuant to this Agreement having been duly performed or observed; 

  

	 	(d)	there having been delivered to that Vendor a certificate of the Purchaser dated the same date as the applicable Closing Date, executed by an authorized officer or director of the
Purchaser, certifying that the representations and warranties made by the Purchaser in this Agreement are true and correct as at the applicable Date of Closing of the relevant Vendor’s Purchased Assets and that the covenants and obligations to
be observed or performed by the Purchaser on or before the applicable Date of Closing of the relevant Vendor’s Purchased Assets pursuant to the terms of this Agreement have been duly observed and performed; 

  

	 	(e)	prior to the applicable Closing Date of any Vessel, no legal or regulatory action or proceeding shall be pending by any Governmental Authority to enjoin, restrict or prohibit the
purchase and sale of the relevant Vendor’s Purchased Assets; 

  

	 	(f)	prior to the applicable Closing Date of any Vessel, the board of directors of the Purchaser will have approved this Agreement and the transactions contemplated by this Agreement;

  

	 	(g)	prior to the applicable Closing Date of any Contracted Vessel, the Initial Public Offering shall have been completed; 

  

	 	(h)	prior to the applicable Closing Date of any Vessel, the Purchaser shall have, or, as applicable, shall have caused its Designated Subsidiary to have, entered into the documents
relevant to that Vessel, including the applicable Vessel MOA (or Initial Asset Newbuilding MOA, in the case of the CMA CGM Château d’lf), the applicable Management Agreement and the applicable Time Charter, none which shall not
have been terminated and shall remain effective as of the applicable Date of Closing; and 

  

	 	(i)	 prior to the applicable Closing Date of any Vessel, all proceedings to be taken in connection with the transactions contemplated by this Agreement and all documents
incidental thereto shall be reasonably 

  

 22 

	 	 
satisfactory in form and substance to the Vendors and their counsel, and the Vendors shall have received copies of all such documents and other evidence as
they or their counsel may reasonably request in order to establish the consummation of such transactions and the taking of all proceedings in connection therewith. 

 In the event of a Missing Condition for a Vessel at or before the applicable Date of Closing, and save that the Missing Condition can not be cured within ten (10) Business Days or waived by consent of all the
Parties, the Vendor may terminate this Agreement for such Vessel, in which event, that Vendor will be released from all obligations under this Agreement in respect of that Vessel, and the Purchaser will also be so released in respect of that Vendor
unless the Purchaser was reasonably capable of causing such condition or conditions to be fulfilled within ten (10) Business Days or unless the Purchaser has breached any of its covenants or obligations in or under this Agreement which were not
capable of remedy within ten (10) Business Days. The foregoing conditions are for the benefit of each Vendor individually, and accordingly each Vendor will be entitled to only waive compliance with any such conditions in respect of itself, if
it sees fit to do so, without prejudice to (i) the rights of any other Vendor, (ii) its rights and remedies at law and in equity and (iii) any of its rights of termination in the event of non-performance of any other conditions of
this Agreement in whole or in part. 
  

	6.3	Actions to Satisfy Closing Conditions 

 Each Party shall take all
actions as are within its power and otherwise use its commercially reasonable efforts so as to ensure compliance with the conditions set forth in this Section 6. 
  

	6.4	Effect of Waiver 

 A waiver by either the Purchaser or any Vendor of
any one or more of the conditions referred to Section 6.1 or Section 6.2 respectively will be without prejudice to such Parties’ right to terminate this Agreement in respect of any other non-fulfillment of any other of the conditions
set out in Section 6.1 or 6.2 respectively; provided, however, that in respect of all conditions that remain capable of satisfaction, there shall be afforded a reasonable cure period before such termination right is exercised.

  

	7.	POST-CLOSING COVENANTS 

  

	7.1	Exercise Under the Memoranda of Agreement, Ship Building Contract or Purchase Option Charters 

 If, and to the extent that, a Vendor is unable to transfer or assign to the Purchaser (i) if applicable, any of the Vessel Warranties or (ii) any of its rights or benefits under the Memoranda of Agreement,
Ship Building Contract or Purchase Option Charters in accordance with this Agreement and the Initial Asset Newbuilding MOA prior to the applicable Date of Closing or if at any time and from time to time after the applicable Date of Closing, the
Purchaser is unable to exercise fully any of its rights, or derive the full benefit of such rights, under the Initial Asset Newbuilding MOA, the Memoranda of Agreement, the Ship Building Contract or the Purchase Option Charters, including with
respect to the “Warranty of Quality” described in Article IX of the Memoranda of Agreement and Article IX of the Ship Building Contract, any extended guarantee rights or of any of the Vendor’s Vessel Warranties or any rights or
benefits related thereto, that Vendor shall, at the written request of the Purchaser, enforce all or any of its rights under the Memoranda of Agreement, Ship Building Contract, Purchase Option Charter or the relevant Vessel Warranties, as the case
may be, and promptly deliver to the Purchaser any such benefits received by it thereunder. If, and to the extent that, CMA CGM is unable to exercise any of its rights under the Purchase Option Charters by reason of, arising out of or in connection
with a default of, or non-performance by any of CONTI 39. Container-Schiffahrts-GmbH & CO. KG Nr. 1; CONTI 41. Container-Schiffahrts-GmbH & CO. KG Nr. 1; or CONTI 42. Container-Schiffahrts-GmbH & CO. KG Nr. 1, then CMA CGM
shall, at the written request of the Purchaser, take such action as is required to enforce its rights thereunder, including, without limitation, filing suit. 
 The Purchaser will bear all reasonable costs, fees and expenses without limitation and any claims for loss or damages in connection with the exercise and/or enforcement, as requested by the Purchaser, of any or all rights or benefits of the
relevant Vessel Warranties or under the Memoranda of Agreement, Ship Building Contract or Purchase Option Charters. 
  

 23 

	7.2	Post-Delivery Obligations 

 The Purchaser will abide by and comply
with the Post-Delivery Obligations in connection with the enjoyment or exercise of any right or benefit assigned to the Purchaser under Section 2.1(c), 2.2(c), 2.2(d) or derived by the Purchaser under Section 7.1 and will pay for all such
expenses and costs charged by the Builder or third party charterer, if any, in association therewith. 
  

	7.3	Covenants of the Vendors 

 The Vendors covenant and agree that if,
on the applicable Date of Closing of the relevant Vessel, any of the Existing Conditions or Recommendations has not been fully repaired and cured by the relevant Vendor, then such Vendor shall fully repair and cure the Existing Conditions or
Recommendations at its sole expense during the next scheduled drydocking of that Vessel. In the event that a Vessel is off-hire due to any of the Existing Conditions or Recommendations or for any repairs thereof, the relevant Vendor shall pay the
Purchaser the daily charter hire amounts (as provided in the relevant Time Charter) for each day that such vessel is off-hire due to any of the Existing Conditions or Recommendations or for any repairs thereof. Notwithstanding anything in this
Agreement to the contrary, once any Vessel with Existing Conditions or Recommendations is certified by a member of the International Association of Classification Societies to be in class and without condition or recommendation, and free of average
damage affecting such Vessel’s class (as evidenced by the requisite classification certificates and national certificates), the Vendors shall have no further obligations under this Section 7.3. 
  

	7.4	Covenants of CMA CGM 

 CMA CGM covenants and agrees that:

  

	 	(a)	for so long as any obligation of a Vendor is outstanding under this Agreement: (i) it shall not sell or transfer, whether by one or a series of transactions, any part of the
issued share capital of such Vendor without the prior written consent of the Purchaser, such consent not to be unreasonably withheld (except that such consent shall not be required for any sale or transfer of any part of the issued share capital of
a Vendor (not including CMA CGM), or for any merger or consolidation between any Vendor and CMA CGM where CMA CGM is the purchaser of the share capital or the surviving entity); (ii) it shall not liquidate such Vendor, unless CMA CGM assumes
any and all liabilities and obligations of such Vendor; and (iii) it will provide such Vendor with such support and assistance as may be required to enable it to maintain its good standing in its jurisdiction of organization;

  

	 	(b)	it will, and it will cause each Vendor to, perform its obligations under this Agreement and it will perform its obligations under the Initial Asset Newbuilding MOA in accordance
with its terms and, it will take Delivery of the CMA CGM Château d’If and CMA CGM Alcazar under the terms of the Memoranda of Agreement, the Contracted Vessel under the Ship Building Contract and the Vessels subject to the
Purchase Option Charters under the Purchase Option Charters; 

  

	 	(c)	it will, and it will cause each Vendor to, transfer the relevant Purchased Assets to the Purchaser or, as applicable, its Designated Subsidiary, against the Purchaser’s or, as
applicable, its Designated Subsidiary’s, full payment of the applicable purchase price for such Initial Asset or Contracted Asset, as the case may be, in accordance with the terms and conditions of this Agreement; 

  

	 	(d)	it will, and it will cause each Vendor to, provide the Purchaser with all necessary financial information applicable to the Purchased Assets up to the relevant Closing Date so that
the Purchaser can prepare complete and accurate periodic financial statements in accordance with U.S. GAAP and according to any Applicable Laws, rules and regulations. Further, CMA CGM will, and will cause each Vendor to, cooperate with the
Purchaser in the Purchaser’s preparation of its accounts and provide the Purchaser and its auditor with such information and assistance regarding the Purchased Assets as the Purchaser may reasonably require in connection with preparing its
periodic financial statements; and 

  

	 	(e)	it will, and it will cause its Affiliates (including the Ship Manager) to provide monthly financial reports or other reasonably necessary financial information to the Purchaser to
enable the Purchaser, once applicable, to fulfill its public reporting requirements on a timely basis. Any such financial reports shall comply with the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 under United States federal
law. 

  

 24 

	8.	SURVIVAL OF REPRESENTATIONS AND RECOURSE 

  

	8.1	Survival of Representations, Warranties and Covenants of the Vendors 

 The representations, warranties, covenants and obligations of each Vendor in or under this Agreement (except for Sections 7.1, 7.3 and 10.2 hereof) and in or under any documents, instruments and agreements delivered pursuant to this
Agreement, will survive the completion of the transactions contemplated hereby and will continue in full force and effect for a period of one year from the applicable Closing Date (except in the case of the liquidation, merger or consolidation of
any Vendor (not including CMA CGM) pursuant to the terms of Section 7.4 hereof). At the end of such period, such representations, warranties, covenants and obligations will terminate and no claim may be brought by the Purchaser against any
Vendor thereafter in respect of such representations, warranties, covenants and obligations, except for claims that have been asserted by the Purchaser prior to such termination. 
 The covenants and obligations of each of the Vendors in or under Sections 7.1 and 10.2 will survive the completion of the transactions contemplated hereby and will terminate when the underlying Vessel Warranties or
the rights or benefits under the Initial Asset Newbuilding MOA, the Memoranda of Agreement, the Ship Building Contract or the Purchase Option Charters, as the case may be, have contractually terminated or otherwise expired. At the end of such
period, such covenants and obligations will terminate and no claim may be brought by the Purchaser against the Vendor thereafter in respect of such covenants and obligations, except for claims that have been asserted by the Purchaser prior to such
termination. 
 The covenants and obligations of each of the Vendors in or under Section 7.3, will survive the completion of the transactions
contemplated hereby and will terminate once any Vessel with Existing Conditions or Recommendations is certified by a member of the International Association of Classification Societies to be in class and without condition or recommendation, and free
of average damage affecting such Vessel’s class (as evidenced by the requisite classification certificates and national certificates). 
 The Purchaser
shall have no claim for a breach of any representation, warranty, covenant or obligation of the Vendor pursuant to this Agreement in respect of any matter that (i) was known to it at the relevant Date of Closing, irrespective of whether such
matter was known to it as a result of searching, investigation or inquiries made by it (or on its behalf) or disclosed to it by a Vendor (or on behalf of a Vendor) or (ii) is capable of prompt remedy. 
  

	8.2	Survival of Representations, Warranties and Covenants of the Purchaser 

 The representations, warranties, covenants and obligations of the Purchaser in or under this Agreement (except for Sections 7.2 and 10.2 hereof) and in or under any documents, instruments and agreements delivered pursuant to this Agreement,
will survive the completion of the transactions contemplated hereby and will continue in full force and effect for a period of one year from the applicable Closing Date. At the end of such period, such representations, warranties, covenants and
obligations will terminate and no claim may be brought by the relevant Vendor against the Purchaser thereafter in respect of such representations, warranties, covenants and obligations, except for claims that have been asserted by the Vendor prior
to such termination. 
 The covenants and obligations of the Purchaser in or under Sections 7.2 and 10.2 of this Agreement will terminate when the underlying
Vessel Warranties or the rights or benefits under the Initial Asset Newbuilding MOA, the Memoranda of Agreement, the Ship Building Contract or the Purchase Option Charters, as the case may be, have contractually terminated or otherwise expired. At
the end of such period, such covenants and obligations will terminate and no claim may be brought by the relevant Vendor against the Purchaser thereafter in respect of such covenants and obligations, except for claims that have been asserted by the
Purchaser prior to such termination. 
 Neither CMA CGM nor any Vendor shall have a claim for breach of any representation, warranty, covenant or obligation
of the Purchaser pursuant to this Agreement in respect of any matter that (i) was known to it at the relevant Date of Closing and irrespective of whether such matter was known to it as a result of searching, investigation or inquiries made by
it (or on its behalf) or disclosed to it by the Purchaser (or on behalf of the Purchaser) or (ii) is capable of prompt remedy. 
  

 25 

	8.3	Survival of Representations, Warranties and Covenants of CMA CGM 

 The representations, warranties, covenants and obligations of CMA CGM in or under this Agreement (except for Sections 7.1 and 10.2 hereof), and in or under any documents, instruments and agreements delivered pursuant to this Agreement
(including, without limitation, the Initial Asset Newbuilding MOA), will survive the completion of the transactions contemplated hereby and will continue in full force and effect for a period of one year from the applicable Closing Date. At the end
of such period, such representations, warranties, covenants and obligations will terminate and no claim may be brought by the Purchaser against CMA CGM thereafter in respect of such representations, warranties, covenants and obligations, except for
claims that have been asserted by the Purchaser prior to such termination. 
 The covenants and obligations of CMA CGM in or under Sections 7.1 and 10.2 of
this Agreement will terminate when the underlying Vessel Warranties or the rights or benefits under the Initial Asset Newbuilding MOA, the Memoranda of Agreement, the Ship Building Contract or the Purchase Option Charters, as the case may be, have
contractually terminated or otherwise expired. At the end of such period, such covenants and obligations will terminate and no claim may be brought by the Purchaser against CMA CGM thereafter in respect of such covenants and obligations, except for
claims that have been asserted by the Purchaser prior to such termination. 
 The Purchaser shall have no claim for breach of any representation, warranty,
covenant or obligation of CMA CGM pursuant to this Agreement in respect of any matter that (i) was known to it at the relevant Date of Closing and irrespective of whether such matter was known to it as a result of searching, investigation or
inquiries made by it (or on its behalf) or disclosed to it by CMA CGM (or on behalf of CMA CGM) or (ii) is capable of prompt remedy. 
  

	8.4	Reliance 

 Each Vendor acknowledges and agrees that the Purchaser is
relying on the representations and warranties and other terms and conditions of this Agreement. 
 CMA CGM acknowledges and agrees that the Purchaser is
relying on the representations and warranties of this Agreement and other terms and conditions of this Agreement and the Initial Asset Newbuilding MOA. 
 The Purchaser acknowledges and agrees that each Vendor and CMA CGM are relying on the representations and warranties and other terms and conditions of this Agreement. 
  

	8.5	Indemnity by the Vendors 

 Each Vendor will indemnify, defend and
hold harmless the Purchaser and the respective current and former directors, officers and employees of the Purchaser and its Affiliates and their heirs, successors and assigns (the “Purchaser’s Indemnified Persons”) harmless
from and against all documented Losses properly suffered or incurred by the Purchaser’s Indemnified Persons: 
  

	 	(a)	by reason of, arising out of or otherwise in respect of any inaccuracy in, breach of any material representation or warranty, or a failure to perform or observe fully any material
covenant, agreement or obligation of, that Vendor in or under this Agreement or in or under any document, instrument or agreement delivered pursuant to this Agreement by such Vendor; 

  

	 	(b)	arising out of or in connection with any liabilities or obligations of that Vendor relating to that Vendor’s Purchased Assets or otherwise encompassed in Section 2.7 of
this Agreement; 

  

	 	(c)	arising out of or in connection with any and all claims of third parties relating to that Vendor’s Purchased Assets or the operation thereof at or before the respective Closing
Date; 

  

	 	(d)	arising out of or in connection with any tax liabilities of that Vendor which has occurred or been initiated prior to delivery and relating to the Vendor’s Purchased Assets,
including any assessment or re-assessment by a taxing authority of any tax return of that Vendor; or 

  

	 	(e)	 arising out of or in connection with any Existing Conditions or Recommendations on Vessels sold to the Purchaser, including but not limited to: (i) the cost of
any drydocking that is required as a direct result of 

  

 26 

	 	 
any Existing Conditions or Recommendations; (ii) any loss of hire under, or by reason of the cancellation of, the Time Charter for such Vessel that
directly results from any Existing Conditions or Recommendations and (iii) any damages from any action, suit or claim that directly results from any Existing Conditions or Recommendations. 

 Any claim for indemnification made pursuant to Section 8.5(a) or (d) (other than a claim made under Sections 7.1 or 10.2) must be made within one year from the
applicable Closing Date. Any claim for indemnification made pursuant to Section 8.5(b) or (c) must be made within two years from the applicable Closing Date of such Vessel. 
 Any claim for indemnification made pursuant to Section 8.5(e) must: (i) result from a Loss properly suffered or incurred by a Purchaser Indemnified Person prior to the time such Vessel is certified by a
member of the International Association of Classification Societies to be in class and without condition or recommendation, and free of average damage affecting such Vessel’s class (as evidenced by the requisite classification certificates and
national certificates) and (ii) be made within two years from the applicable Closing Date. 
 Any claim for indemnification under Section 7.1 or
10.2 hereof must be made within the timeframe specified in Section 8.1 hereof. 
  

	8.6	Indemnity by the Purchaser 

 The Purchaser will indemnify and save
each Vendor, CMA CGM and their current and former directors, officers and employees of each Vendor, CMA CGM and their Affiliates and their heirs, successors and assigns (the “Vendors’ Indemnified Persons”) harmless from and
against all duly documented Losses properly suffered or incurred by the Vendors’ Indemnified Persons: 
  

	 	(a)	by reason of, arising out of or otherwise in respect of any inaccuracy in, breach of any material representation or warranty, or a failure to perform or observe fully any material
covenant, agreement or obligation of, the Purchaser in or under this Agreement or in or under any document, instrument or agreement delivered pursuant to this Agreement by the Purchaser (including, without limitation, the Initial Asset Newbuilding
MOA); or 

  

	 	(b)	arising out of or in connection with any and all claims of third parties relating to that Vendor’s Purchased Assets or the operation thereof, in each case after the respective
Date of Closing, provided that such claim or the event giving rise thereto did not arise prior to the relevant Date of Closing; or 

  

	 	(c)	by reason of (i) non payment of the Initial Assets Purchase Price and/or the Contracted Assets Purchase Price made pursuant to Sections 2.3 and 2.4 of this Agreement and in
immediate available funds and without any set-off or reduction or (ii) its refusal to take delivery and ownership of any Vessel, unless in such refusal is compliance with the terms and conditions set forth herein. 

 Any claim for indemnification made pursuant to Section 8.6(a) or (c) (other than a claim made under Sections 7.2 or 10.2) must be made within one year from the
applicable Closing Date. Any claim for indemnification made pursuant to Section 8.5(b) must be made within two years from the applicable Closing Date. Any claim for indemnification under Section 7.2 or 10.2 hereof must be made within the
timeframe specified in Section 8.2 hereof. 
  

	8.7	Indemnity by CMA CGM 

 CMA CGM will indemnify and save the
Purchaser’s Indemnified Persons harmless from and against all documented Losses properly suffered or incurred by the Purchaser’s Indemnified Persons: 
  

	 	(a)	by reason of, arising out of or otherwise in respect of any inaccuracy in, breach of any material representation or warranty, or a failure to perform or observe fully any material
covenant, agreement or obligation, of CMA CGM in or under this Agreement or in or under any document, instrument or agreement delivered pursuant to this Agreement by CMA CGM (including, without limitation, the Initial Asset Newbuilding MOA); or

  

	 	(b)	arising out of or in connection with any tax liabilities or tax obligations of CMA CGM relating to the Vendors or any of the Vendors’ Purchased Assets which has occurred or
been initiated prior to delivery of the Vendors’ Purchased Assets, including any assessment or re-assessment by a taxing authority of any tax return of CMA CGM. 

  

 27 

 Any claim for indemnification made pursuant to Section 8.7(a) or (b) (other than a claim made under Sections
7.1 or 10.2) must be made within one year from the applicable Closing Date. Any claim for indemnification under Section 7.1 or 10.2 hereof must be made within the timeframe specified in Section 8.3 hereof. 
  

	8.8	Defense of Third Party Claim

 If a claim (an “Indemnity
Claim”) is made by a third party against a Party (the “Indemnified Party”) in respect of which another Party (the “Indemnifier”) is or may be obligated under or arising out of this Agreement to indemnify,
pay damages to or otherwise compensate the Indemnified Party, including claims made pursuant to Sections 8.5, 8.6 and 8.7 above, then the following provisions will apply. 
  

	 	(a)	If any Indemnified Party receives notice of the assertion of any claim in respect of damages, such Indemnified Party shall give the Indemnifier written notice describing such claim
or fact in reasonable detail (the “Notice of Claim”) promptly (and in any event within ten (10) Business Days after receiving any written notice from a third party). The failure by the Indemnified Party to timely provide a
Notice of Claim to the Indemnifier shall not relieve the Indemnifier of any liability, except to the extent that the Indemnifier is prejudiced by the Indemnified Party’s failure to provide timely notice hereunder. 

  

	 	(b)	In the event any Indemnifier notifies the Indemnified Party within ten (10) Business Days after the Indemnified Party has given notice of the matter that the Indemnifier is
assuming the defense thereof; (i) the Indemnifier will defend the Indemnified Party against the matter with counsel of its choice reasonably satisfactory to the Indemnified Party; (ii) the Indemnified Party may retain separate co-counsel
at its sole cost and expense (except that the Indemnifier will be responsible for the fees and expenses of the separate co-counsel to the extent the Indemnified Party reasonably concludes that the counsel the Indemnifier has selected has a conflict
of interest); (iii) the Indemnified Party will not consent to the entry of any judgment or enter into any settlement with respect to the matter without written consent of the Indemnifier which consent shall not be unreasonably withheld; and
(iv) the Indemnifier will not consent to the entry of any judgment with respect to the matter, or enter into any settlement which does not include a provision whereby the plaintiff or claimant in the matter releases the Indemnified Party from
all liability with respect thereto, and, in a settlement or compromise which does not involve only the payment of money by the Indemnifier, without the prior written consent of the Indemnified Party which consent shall not be unreasonably withheld.

  

	 	(c)	In the event the Indemnifier does not notify the Indemnified Party within ten (10) Business Days after the Indemnifier has received a Notice of Claim that the Indemnifier is
assuming the defense thereof, then the Indemnified Party shall have the right, subject to the provisions of this Section 8.8, to undertake the defense, compromise or settlement of such claim for the account of the Indemnifier, including all
reasonable costs incurred in connection therewith. Unless and until the Indemnifier assumes the defense of any claim, the Indemnifier shall advance to the Indemnified Party any of its reasonable attorneys’ fees and other costs and expenses
incurred in connection with the defense of any such action or proceeding. Each Indemnified Party shall agree in writing prior to any such advance that, in the event it receives any such advance, such Indemnified Party shall reimburse the Indemnifier
for such fees, costs and expenses to the extent that it shall be determined that it was not entitled to indemnification under this Section 8.8. 

  

	 	(d)	In the event that the Indemnifier undertakes the defense of any claim, the Indemnifier will keep the Indemnified Party advised as to all material developments in connection with
such claim, including, but not limited to, promptly furnishing the Indemnified Party with copies of all material documents filed or served in connection therewith. 

  

	 	(e)	 If any Indemnity Claim is of a nature such that the Indemnified Party is legally bound or required by Applicable Law to make a payment to a third party with respect
to such Indemnity Claim before the completion of settlement negotiations or related legal proceedings, including the posting of any security to stay any process of execution or judgment, then the Indemnifier will be obligated to make such payment or
post security therefor on behalf of the Indemnified Party. If the Indemnifier fails to do so, the Indemnified 

  

 28 

	 	 
Party may make such payment or post security therefor and the Indemnifier will, forthwith after demand by the Indemnified Party, reimburse the Indemnified
Party for any such payment or cause the security to be replaced and released. If the amount of any liability of the Indemnified Party under the Indemnity Claim in respect of which such a payment was made, as finally determined, is less than the
amount which was paid by the Indemnifier to the Indemnified Party, the Indemnified Party will, forthwith after receipt of the difference from a third party, pay the amount of such difference to the Indemnifier. 

  

	8.9	Limitations on Amount 

 Notwithstanding any other provision in this
Agreement and notwithstanding any inaccuracy or incorrectness of any provision in this Agreement (including the Schedules), the obligations of the Vendors in respect of all claims for breach of any representation or warranty under Sections 4.1
and/or 4.3 hereof, will be limited to the aggregate amount of the sum of the Initial Assets Purchase Price and the Contracted Assets Purchase Price and no individual claim will be made against the Vendors unless such claim exceeds $100,000.

  

	8.10	Election 

 Except with respect to fraud, willful misconduct or bad
faith by or on behalf of an indemnifying Party, from and after the Initial Assets Date of Closing or Contracted Assets Date of Closing, as applicable, the indemnification remedies contained in this Section 8 shall be the exclusive remedies for
damages of the Parties for any breach of or under this Agreement or the Initial Asset Newbuilding MOA, or any document provided pursuant to this Agreement, and the exercise by any Party of any of its rights under this Section 8 shall be deemed
to be an election of remedies and shall prejudice, and constitute a waiver of, any other right or remedy that such Party may be entitled to exercise at law, in equity or otherwise. 
  

	8.11	Joint and Several Obligations 

 The obligations of CMA CGM and each
Vendor hereunder are joint and several. The obligations of the Purchaser and any Designated Subsidiary hereunder are joint and several. 
  

	9.	TERMINATION AND WAIVER 

  

	9.1	Termination for Failure to Consummate Initial Public Offering 

 In
the event the Initial Public Offering is not consummated by June 30, 2008, this Agreement shall terminate on and as of that date without any further action by any Party and no Party shall by entitled to damages, indemnities, penalties or to any
other compensation or reimbursement of expenses as a result of such termination. 
 Each Party shall bear its own costs, fees and expenses and the Vendors
will have no further undertaking to sell the Contracted Vessels and the Purchaser will have no undertaking to purchase the Contracted Vessels. 
  

	9.2	Termination Upon Termination of the Initial Asset Newbuilding MOA or a Vessel MOA 

 If the Initial Asset Newbuilding MOA is terminated or cancelled for any reason whatsoever, then this Agreement shall be deemed to be terminated in respect of the Initial Asset Newbuilding MOA without any further
action by either the Purchaser or CMA CGM, and CMA CGM and the Purchaser will be mutually released from their respective obligations under the Initial Asset Newbuilding MOA. 
 If a Vessel MOA is terminated or cancelled for any reason whatsoever, then this Agreement shall be deemed to be terminated in respect of such Vessel MOA without any further action by either the Purchaser or that
Vendor, and Vendors and Purchaser will be mutually released from their respective obligations under such Vessel MOA. 
  

	9.3	Effect of Waiver 

 A waiver by either the Purchaser or any Vendor of
any one or more of the conditions referred to Section 6.1 or Section 6.2 will be without prejudice to its right to terminate in respect of any other non-fulfillment of any other of the conditions. 
  

 29 

	9.4	Without Prejudice 

 Termination by the Purchaser pursuant to
Section 6.1 or by any Vendor pursuant to Section 6.2 will be without prejudice to the right, subject to the limitations, exceptions and restrictions set out in this Agreement, to recover Losses for any misrepresentations, breach of
warranty or non-fulfillment of any covenant or agreement of the other Party. 
  

	10.	MISCELLANEOUS 

  

	10.1	Notices 

 Any notice, request, determination, demand or
communication required or permitted to be given under this Agreement will be in writing and delivered by hand, facsimile transmission, electronic mail or internationally-recognized courier to the Party to which it is to be given as follows:

 To a Vendor or CMA CGM: 
 [Vendor Name] 
 [c/o] CMA CGM 
 4, quai d’Arenc 
 13002 Marseilles 
 France 
 Attention: Jean-Yves Schapiro 
 Facsimile No.: 33 (0)4 88 91 83 77 
 Electronic mail address: ho.jyschapiro@cma-cgm.com

 To the Purchaser: 
 Global Ship Lease, Inc. 
 c/o Global Ship Lease Services Limited 
 Millbank Business Centre, Millbank Tower 
 Fourth Floor London SW1P 4QP 
 United Kingdom 
 Attention: Chief Executive Officer 
 Facsimile No.: +44 (0)20 7802 5110 
 Electronic mail address: ian.webber@globalshiplease.com

 or to such other address as a Party may specify by notice given in accordance with this Section 10.1. Any such notice, request, demand or
communication given as aforesaid will be deemed to have been given, in the case of delivery by hand, when delivered, in the case of delivery by facsimile transmission or electronic mail, on the Business Day following of day of transmittal, provided
evidence of transmission is received by the sender, and in the case of delivery by internationally-recognized courier, as aforesaid, on the date received, provided evidence of receipt is provided. 
  

	10.2	Further Assurances 

 From time to time subsequent to each Closing
Date, the Purchaser and the Vendor of the Purchased Assets sold on such Closing Date, at the expense of the requesting party (unless such documents are to be delivered pursuant to Section 2.6(a), in which case it shall be at the Vendor’s
expense), shall promptly execute and deliver all such documents, including, without limitation, all such additional conveyances, transfers, consents and other assurances and do all such other acts and things as the requesting party, acting
reasonably, may from time to time request be executed or done in order to better evidence or perfect or effectuate any provision of this Agreement or of any agreement or other document executed pursuant to this Agreement or any of the respective
obligations intended to be created hereby or thereby. 
  

 30 

	10.3	Entire Agreement 

 This Agreement, including the Initial Asset
Newbuilding MOA, each of the Vessel MOA and all other schedules and exhibits hereto, constitute the entire agreement between CMA CGM, the Vendors and the Purchaser pertaining to the purchase and sale of the Purchased Assets and supersedes all prior
agreements, undertakings, negotiations and discussions, whether oral or written, of any Vendor and the Purchaser and there are no warranties, representations, covenants, obligations or agreements between any Vendor (or any Affiliate thereof) and the
Purchaser except as set forth in this Agreement, the Initial Asset Newbuilding MOA, each of the Vessel MOAs and all other schedules and exhibits hereto. The Prior Agreement is amended and restated in its entirety by this Agreement. 
  

	10.4	Assignment 

 None of CMA CGM, the Vendors and the Purchaser may
assign any of their respective benefits or rights, and no Person may assume any of CMA CGM’s, the Vendors’ and the Purchaser’s obligations, under or in respect of this Agreement without the prior written consent of all the Parties,
which consent shall not be unreasonably withheld or delayed. 
  

	10.5	Waiver and Amendment 

 Except as expressly provided in this
Agreement, no amendment or waiver of it will be binding unless made in writing by all the Parties to be bound by such amendment or waiver. No waiver of any provision or any portion of any provision, of this Agreement will constitute a waiver of any
other part of the provision or any other provision of this Agreement nor a continuing waiver unless otherwise expressly provided. 
  

	10.6	Severability 

 Each provision of this Agreement is several. If any
provision of this Agreement is or becomes illegal, invalid or unenforceable in any jurisdiction, the illegality, invalidity or unenforceability of that provision will not affect: 
  

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

  

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

 except that if: 
  

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

  

	 	(d)	as a result of the determination by a court of competent jurisdiction that any part of this Agreement is unenforceable or invalid and, as a result of this Section 10.6, the
basic intentions of the parties in this Agreement are entirely frustrated, the parties will use all reasonable efforts to amend, supplement or otherwise vary this Agreement to confirm their mutual intention in entering into this Agreement.

  

	10.7	Contracts (Rights of Third Parties) Act 1999. 

  

	 	(a)	Subject to Section 10.7(b) below, this Agreement does not give rise to any rights enforceable by a party who is not a Party hereto. Without prejudice to the generality of the
foregoing, rights that would otherwise arise in favor of third parties under the Contracts (Rights of Third Parties) Act 1999 are hereby excluded save that a Designated Subsidiary may, in relation to the Vessel which it acquires hereunder (and under
the relevant Vessel MOA or Initial Asset Newbuilding MOA, as applicable), rely on and be entitled to benefit from and enforce the Purchaser’s rights under this Agreement. 

  

 31 

	 	(b)	Each Vendor is and will be deemed to be acting as agent or trustee on behalf of and for the benefit of each of that Vendors’ Indemnified Persons and the Purchaser is and will
be deemed to be acting as agent or trustee on behalf of and for the benefit of each of the Purchaser’s Indemnified Persons. 

  

	10.8	Dispute Resolution 

 Any dispute or other failure to agree arising
out of or in connection with this Agreement (“Dispute”), including any question regarding its existence, validity or termination, shall be resolved in accordance with the following procedure: 
  

	 	(a)	Either Party may give notice to the other Party requiring that a Dispute be referred to a senior officer of each Party that has been designated to represent such Party hereunder.
When this notice is given, the Parties will direct their designated officers to promptly begin discussions with each other with a view to settling the Dispute. If the Dispute is not settled within fifteen (15) days after the date of the notice
or such extended period as the parties may agree in writing, then it shall be resolved by arbitration in London, England, in accordance with the Arbitration Act 1996, or any statutory modification or re-enactment thereof for the time being in force,
and under the rules of the London Maritime Arbitrators Association. Subject as hereinafter provided, the reference shall be to three arbitrators, one to be appointed by each Party and the third by the two arbitrators so appointed.

  

	 	(b)	Subject to subsection (c) hereof, either Party may commence arbitration by appointing its arbitrator and sending notice of such appointment to the other Party, requiring the
other Party to appoint its arbitrator within fourteen (14) 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
fourteen (14) days specified. If the other Party does not appoint its own arbitrator and give notice that it has done so within the fourteen (14) days specified, the Party referring the 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 such sole arbitrator shall be as binding as if he or she had been appointed jointly.

  

	 	(c)	A Party wishing to refer a Dispute to arbitration shall first give notice in accordance with subsection (a) hereof and attempt to resolve the Dispute by discussion as therein
provided, save where earlier commencement is necessary to avoid the operation of a time bar or other prejudice to the rights of such Party. 

  

	10.9	Counterparts 

 This Agreement may be signed in counterparts and each
such counterpart will constitute an original document and such counterparts, taken together, will constitute one and the same instrument. 
  

	10.10	Enurement 

 This Agreement will enure to the benefit of and will be
binding upon the parties and their respective successors and any Affiliate of the Purchaser which is an assignee of the Purchaser as contemplated in Section 10.4. 
 [Signature Page Follows] 
  

 32 

 IN WITNESS WHEREOF the parties have executed this Agreement as of the day and year first above written. 
  

							
	 GLOBAL SHIP LEASE, INC.

		
	 /s/ Ian Webber
	 	 /s/ Susan Cook

	Per:	 	Authorised Signatory	 	Per:	 	Authorised Signatory
			
	 CMA CGM S.A.
	 		 	
		
	 /s/ Alain Wils
	 	 /s/ Jean-Yves Schapiro

	Per:	 	Authorised Signatory	 	Per:	 	Authorised Signatory
			
	 DELMAS S.A.S.
	 		 	
		
	 /s/ Alain Wils
	 	 /s/ Jean-Yves Schapiro

	Per:	 	Authorised Signatory	 	Per:	 	Authorised Signatory
			
	 SNC Pacific I
	 		 	
		
	 /s/ Alain Wils
	 	 /s/ Jean-Yves Schapiro

	Per:	 	Authorised Signatory	 	Per:	 	Authorised Signatory
			
	 SNC Pacific II
	 		 	
		
	 /s/ Alain Wils
	 	 /s/ Jean-Yves Schapiro

	Per:	 	Authorised Signatory	 	Per:	 	Authorised SignatoryAddendum No. 1 to Credit Facility

 EXHIBIT 10.10 
 EXECUTION VERSION 
 ADDENDUM NO.1 
 DATED 10 DECEMBER 2007 
 GLOBAL SHIP LEASE INC 
 THE COMPANIES LISTED IN PART 1 OF SCHEDULE 1 
 as Original Borrowers 
 FORTIS BANK (NEDERLAND) N.V. 
 CITIGROUP GLOBAL MARKETS LIMITED 
 HSH NORDBANK AG 
 DNB NOR BANK ASA 
 SUMITOMO MITSUI
BANKING CORPORATION, BRUSSELS BRANCH 
 as Mandated Lead Arrangers 
 FORTIS BANK (NEDERLAND) N.V. 
 as Facility Agent 
 relating to a US$800,000,000 revolving credit facility agreement dated 10 December 2007 

 CONTENTS 
  

					
	 Clause
	  	Page
	 1.
	  	Interpretation	  	2
	 2.
	  	Pre-IPO Period	  	3
	 3.
	  	Maximum Drawdown Amount	  	3
	 4.
	  	Purpose of Loans	  	3
	 5.
	  	Hedging Arrangements	  	3
	 6.
	  	Conditions Precedent	  	3
	 7.
	  	Representative Borrower Financial Covenants	  	4
	 8.
	  	Specific Amendments to Credit Agreement	  	4
	 9.
	  	Completion of Successful IPO	  	9
	 10.
	  	Failure to complete a Successful IPO	  	10
	 11.
	  	Tax Gross-up	  	11
	 12.
	  	Governing Law and Jurisdiction	  	11
	 13.
	  	Counterparts	  	11
		
	 Schedule
	  	Page
			
	 1.
	  	 Original Parties
	  	12
		  	 Part 1                    Original
Borrowers
	  	12
		  	 Part 2                    Original Lenders

	  	14
		
	Appendix	  	
			
	 1.
	  	Form of Corporate Guarantee	  	15
		
	Signatories	  	
		
	 Signatories
	  	35

 THIS ADDENDUM NO.1 is dated 10 December 2007 
 BETWEEN: 
  

	(1)	GLOBAL SHIP LEASE INC, a corporation incorporated according to the laws of the Republic of the Marshall Islands with its registered office at Trust Company Complex, Ajeltake
Road, Ajeltake Island, Majuro, Marshall Islands MH 96960 (the Representative Borrower); 

  

	(2)	THE COMPANIES listed in Part 1 of Schedule 1, each of which is a corporation or a limited liability company formed according to the law of the country indicated against its
name in Part 1 of Schedule 1, with its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH 96960, for the Marshall Islands Borrowers, at 16 Pantelis Catelaris Street, Diagoras House 7th Floor, 1097
Nicosia, Cyprus for the Cypriot Borrowers and at 788/790 Finchley Road, London, NW11 7TJ for GSLS (each an Original Borrower and together with the Representative Borrower, the Original Borrowers); 

  

	(3)	FORTIS BANK (NEDERLAND) N.V., CITIGROUP GLOBAL MARKETS LIMITED, HSH NORDBANK AG, DNB NOR BANK ASA AND SUMITOMO MITSUI BANKING CORPORATION, BRUSSELS BRANCH as mandated lead
arrangers (in this capacity the Mandated Lead Arrangers); 

  

	(4)	THE FINANCIAL INSTITUTIONS listed in Part 2 of Schedule 1 (Original Parties) as original lenders (the Original Lenders); and 

  

	(5)	FORTIS BANK (NEDERLAND) N.V. as facility agent and, in relation to the Security Documents, security trustee (in this capacity the Facility Agent) of Blaak 555, 3011
GB, Rotterdam, The Netherlands acting for the purpose of this Addendum No.1 through its office at Coolsingel 93, P.O. Box 749, 3000 AS Rotterdam, The Netherlands. 

 BACKGROUND 
  

	(A)	The parties to this Addendum No.1 have entered into a US$800,000,000 revolving credit facility agreement of even date (the Credit Agreement). 

  

	(B)	It is a condition to any drawdown under the Credit Agreement that the Representative Borrower has successfully completed an IPO resulting in minimum gross proceeds of US$300,000,000
and continues to be listed on the NYSE or NASDAQ. 

  

	(C)	The Representative Borrower has informed the Lenders that the IPO has been postponed but that, notwithstanding such postponement, the Borrowers wish to be able to drawdown under the
Facility in advance of the IPO being completed in order to purchase certain of the Vessels as listed in Schedule 1 Part 1. 

  

	(D)	The Lenders have agreed that, conditional on the Borrowers and the Corporate Guarantor entering into this Addendum No.1 and the Corporate Guarantee respectively, the Borrowers are
able to drawdown under the Facility conditional on the terms and conditions of this Addendum No.1, the Credit Agreement (as amended and supplemented by this Addendum No.1) and the Corporate Guarantee. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Credit Agreement definitions 

 Capitalised terms
defined in the Credit Agreement have, unless expressly defined in this Addendum No.1, the same meaning in this Addendum No.1. 
  

	1.2	Other definitions 

 In this Addendum No.1:

 CMA Side Letter means the side letter of even date issued by the Corporate Guarantor in favour of the Facility Agent whereby the
Corporate Guarantor undertakes to pay commitment fees accruing in favour of the Lenders pursuant to clause 23.1 of the Credit Agreement in the period prior to the Corporate Guarantee being entered into. 
 Corporate Guarantee means the guarantee and indemnity to be granted by the Corporate Guarantor in favour of the Facility Agent. 
 Corporate Guarantor means CMA CGM S.A., a French société anonyme whose registered office is at 4 quai d’Arenc, 13002 Marseille.

 Pre-IPO Period means the period from the date of the Credit Agreement until the date on which the Representative Borrower has
completed a Successful IPO and the conditions precedent referred to in Clause 9.1 have been satisfied. 
 Successful IPO means the
completion, on or before 30th June 2008, of an IPO in respect of the Representative Borrower which results in minimum gross proceeds of US$300,000,000 being received by the Representative Borrower and in the Representative Borrower being, and
continuing to be, listed on the NYSE or NASDAQ, provided always that immediately following such completion, taking the IPO, and the effects of the IPO, into account and reading and construing the Credit Agreement as if the same had not been
amended by this Addendum No.1 (other than by those amendments which survive the completion of a Successful IPO in accordance with Clause 9.1): 
  

	 	(i)	no Event of Default has occurred and is continuing; and 

  

	 	 (ii)
	 the Representative Borrower is in compliance with the Financial Covenants set out in clause 17 of the Credit Agreement
(on the basis that the Financial Covenants in clauses 17.3, 17.4 and 17.5 of the Credit Agreement are tested by reference to the then latest consolidated management accounts of the Representative Borrower and its subsidiaries (updated to take
account of vessel purchases and any changes in financing arrangements since the date to which such accounts are prepaid including the occurrence of the IPO) and the financial covenant in clause 17.6 of the Credit Agreement is tested by reference to
the cumulative financial results of the Representative Borrower for the period from 1st January 2008 up to the date to which the latest
consolidated management accounts of the Representative Borrower and its Subsidiaries are prepared. 

	1.3	Construction 

 The principles of construction set
out in clause 1.2 of the Credit Agreement will have effect as if set out in this Addendum No.1. 
  

	1.4	Finance Document 

 Each of this Addendum No.1, the
Corporate Guarantee and the Credit Agreement as amended and supplemented by this Addendum No.1 is a Finance Document. 
  

	2.	PRE-IPO PERIOD 

 During the Pre-IPO Period, the
Credit Agreement shall be read and construed as amended and supplemented by the terms of this Addendum No.1. The Credit Agreement will remain in full force and effect as so amended and supplemented by the terms of this Addendum No.1 and the Credit
Agreement and this Addendum No.1 will be read and construed as one document. To the extent that the Credit Agreement is inconsistent with the terms of this Addendum No.1, the terms of this Addendum No.1 shall prevail. 
  

	3.	MAXIMUM DRAWDOWN AMOUNT 

 Notwithstanding clause 2.1
of the Credit Agreement, the maximum principal amount of the Facility which can be drawndown during the Pre-IPO Period is four hundred and one million one hundred thousand Dollars (US$401,100,000). 
  

	4.	PURPOSE OF LOANS 

 A Loan drawndown during the
Pre-IPO Period may be used only in or towards financing the cost of acquiring the Identified Vessels listed in Part 1 of Schedule 1 to the Credit Agreement and for no other purpose and clause 2.2 of the Credit Agreement shall not apply. 

 

	5.	HEDGING ARRANGEMENTS 

 During the Pre-IPO Period,
the Borrowers shall have no obligation to comply with the terms of clause 16.36 of the Credit Agreement, and the condition precedent referred to in clause 3.1(e) of the Credit Agreement shall be disapplied. However, to the extent that the Borrowers
decide, during the Pre-IPO Period, to enter into hedging arrangements in respect of the interest accruing on any or all of the outstanding Loans: 
  

	 	(a)	the Representative Borrower shall give each of Fortis Bank (Nederland) N.V., Citibank International plc and HSH Nordbank AG the right to match a quote from other financial
institutions in respect of any such hedging arrangements; and 

  

	 	(b)	the Borrowers shall, forthwith upon entering into Swap Agreements in respect of any such hedging arrangements as are referred to in (a) above, enter into a Swap Agreement
Assignment in respect of each such Swap Agreement and comply with the terms of such Swap Agreement Assignment. 

  

	6.	CONDITIONS PRECEDENT 

  

	6.1	It shall be a condition precedent to the effectiveness of this Addendum No.1 that the Corporate Guarantor has entered into and delivered to the Facility Agent the CMA Side Letter.

  

	6.2	It shall be a condition precedent to any drawdown under the Facility during the Pre-IPO Period that: 

  

	 	(a)	the Corporate Guarantor has entered into the Corporate Guarantee and the same remains in full force and effect; and 

	 	(b)	the Corporate Guarantor and the Representative Borrower have provided evidence satisfactory to the Facility Agent that the Corporate Guarantor has provided funding (by way of fully
subordinated shareholder loans) to the Representative Borrower (and the Representative Borrower has provided funding by way of fully subordinated shareholder loans to each Borrower which is the owner of a relevant Identified Vessel) for the balance
(if any) of the purchase price of each Identified Vessel to be financed by the relevant drawdown in excess of the amount which the Borrowers are entitled to drawdown under the Credit Agreement in respect of that Identified Vessel.

  

	7.	REPRESENTATIVE BORROWER FINANCIAL COVENANTS 

 The
financial covenants of the Representative Borrower set out in clause 17 of the Credit Agreement shall cease to be applicable and shall not be tested, during the Pre-IPO Period. 
  

	8.	SPECIFIC AMENDMENTS TO CREDIT AGREEMENT 

 For the
duration of the Pre-IPO Period, the following specific amendments shall be made to the Credit Agreement. 
  

	8.1	Definitions 

 In the definitions in clause 1.1 of
the Credit Agreement, the following amendments shall be made: 
  

	 	(a)	a definition of Corporate Guarantee shall be added reading as follows: 

 “Corporate Guarantee means the guarantee and indemnity to be entered into prior to the first Utilisation Date in the form of Appendix 1 to Addendum No.1 dated 10th December 2007 and to be granted by
CMA CGM in favour of the Facility Agent”; 
  

	 	(b)	in the definition of Change of Control, the words “following the IPO” in the first line shall be deleted; 

  

	 	(c)	in the definition of Asset Purchase Agreement, the words “as amended and restated” shall be inserted at the end of the definition; 

  

	 	(d)	in the definition of Availability Period, the words “Closing Date” shall be deleted and replaced with the words “the date of this Agreement;”;

  

	 	(e)	the definition of Delivered Vessels shall be amended to read as follows: 

 “Delivered Vessels means each vessel acquired or to be acquired by each relevant Borrower pursuant to the Asset Purchase Agreement being some or all of the vessels listed under the heading Delivered
Vessels in Part 1 of Schedule 1(Original Parties).” 
  

	 	(f)	the definition of Delivery Date shall be amended to read as follows: 

 “Delivery Date means, (i) in respect of a Delivered Vessel or a Subsequent Vessel, if a Loan is drawndown in respect of that Delivered Vessel or Subsequent Vessel, the date of actual delivery of that
Delivered Vessel or Subsequent Vessel to the relevant Borrower and if no Loan is drawndown in respect of that Delivered Vessel or Subsequent Vessel, the first Utilisation Date under this Agreement; and (ii) in respect of an Additional Vessel,
the date of actual delivery of that Additional Vessel to the relevant Borrower or, as the case may be the date the Vessel can first be considered to be an Additional Vessel in accordance with clause 3.1(h) (Conditions Precedent).” 

	 	(g)	the definition of Hedged Portion shall be amended to read as follows, where the words in square brackets shall only be included in such amended definition following the Pre-IPO
Period: 

 “Hedged Portion means the amount equal to the amount of outstanding Loans under the Facility in respect
of which the obligation to pay interest is hedged pursuant to a Swap Agreement, [being not less than 50% of such amount].” 
  

	 	(h)	a reference to the Corporate Guarantee and this Addendum No.1 shall be added to the list of documents in the definition of Finance Documents; and 

  

	 	(i)	references in the Credit Agreement to “this Agreement” shall refer to the Credit Agreement as amended by this Addendum No. 1. 

  

	8.2	Clause 1.3 

 A new clause 1.3 shall be added to the
Credit Agreement reading as follows: 
  

	 	“1.3	French terms 

 In this Agreement, a reference to:

  

	 	(a)	a winding-up, administration or dissolution includes a redressement judiciaire, cession totale de l’entreprise, liquidation judiciaire or a
procédure de sauvegarde under Livre Sixième of the French Commercial Code; 

  

	 	(b)	a composition, assignment or similar arrangement with any creditor includes a procédure de conciliation and mandat ad hoc under Livre
Sixième of the French Commercial Code; 

  

	 	(c)	a compulsory manager, receiver, administrator includes an administrateur judiciaire, mandataire ad hoc, conciliateur and mandataire liquidateur or
any other person appointed as a result of any proceedings described in paragraphs (a) and (b) above; 

  

	 	(d)	a guarantee includes any cautionnement, aval and any garantie which is independent from the debt to which it relates; 

  

	 	(e)	a lease includes an opération de crédit-bail; 

  

	 	(f)	a reconstruction includes any contribution of part of its business in consideration of shares (apport partiel d’actifs) and any demerger (scission)
implemented in accordance with Articles L.236-1 to L.236-24 of the French Commercial Code; 

  

	 	(g)	a Security includes any type of security (sûreté réelle) and transfer by way of security; and 

  

	 	(h)	a person being unable to pay its debts includes that person being in a state of cessation des paiements.” 

  

	8.3	Clause 3.1 

 In clause 3.1(f) the words “or
refinancing” shall be inserted after the words “towards financing”. 

	8.4	Clause 12.4 

 In clause 12.4, the reference to
“the Closing Date” in the second line shall be deleted and replaced with a reference to “the date of this Agreement”. 
  

	8.5	Representations 

 The representations of the
Borrowers in clause 14 of the Credit Agreement shall be read and construed with the following amendment: 
  

	 	(a)	a new sub-paragraph (d) shall be added to clause 14.2 reading as follows: 

 “(d) CMA CGM is the legal and beneficial owner of all of the share capital of the Representative Borrower”. 
  

	8.6	Information Covenants 

 The information covenants of
the Borrower in clause 15 of the Credit Agreement shall be read and construed such that the first and second Compliance Certificates to be provided by the Representative Borrower pursuant to clause 15.3(a) shall not be required to contain paragraph
3 thereof. 
  

	8.7	General Covenants 

 The general covenants of the
Borrowers in clause 16 of the Credit Agreement shall be read and construed with the following amendments: 
  

	 	(a)	clause 16.7(b) shall not apply and shall be replaced by the following: 

 “CMA CGM shall, at all times, remain the legal and beneficial owner of all of the issued shares in the Representative Borrower”; 
  

	 	(b)	in clause 16.15(c)(i), the reference to “the Closing Date” shall be replaced by a reference to “the date of this Agreement”; 

  

	 	(c)	in clause 16.35 the words “amend or agree to” shall be deleted and replaced with the words “make, or agree to make,”. 

  

	 	(d)	clause 16.36 shall be read and construed in accordance with Clause 5 above. 

  

	8.8	Valuation 

 In clause 18.2(a) of the Credit
Agreement, the reference to “the Closing Date” shall be replaced by a reference to “the date of this Agreement or such other date as agreed between the Representative Borrower and the Facility Agent (acting on the instructions of the
Majority Lenders)”. 
  

	8.9	Events of Default 

 The Events of Default in clause
19 of the Credit Agreement shall be read and construed with the following amendments: 
  

	 	(a)	The words “or CMA CGM” shall be added after “Borrower” in clause 19.2 (first line), clause 19.4 (first line), clause 19.6 (first line), clause 19.7 (second
line), clause 19.10 (first line), clause 19.11 (first line), clause 19.12(a), (b) and (d) (first line in each case); 

  

	 	(b)	clause 19.3: 

  

	 	(i)	paragraph (a)(D) shall be deleted; 

	 	(ii)	a new paragraph (b) shall be added reading as follows: 

 “(b) CMA CGM does not comply with any terms of any Finance Document to which it is a party unless the non-compliance: 
  

	 	(i)	is capable of remedy; and 

  

	 	(ii)	is remedied within seven (7) Business Days of the Facility Agent giving notice to CMA CGM. 

 The Borrowers acknowledge that for the purposes of paragraph (i) above, non-compliance by CMA CGM with Clause 11.15 (Financial Covenants) of the
Corporate Guarantee shall not be capable of remedy”; 
  

	 	(c)	In clause 19.5: 

  

	 	(i)	the words “or CMA CGM” shall be added after “Borrower” in the first line and the following shall be added at the end of the Clause: 

 “or US$45,000,000 or its equivalent (in the case of CMA CGM)”; 
  

	 	(ii)	references to Financial Indebtedness as these words are defined in the Credit Facility are not applicable to the Corporate Guarantor; and 

  

	 	(iii)	references to Financial Indebtedness shall mean for the Corporate Guarantor: 

 “Financial Indebtedness” means, in relation to the Corporate Guarantor, a liability for or in respect of: 
  

	 	(a)	moneys borrowed; 

  

	 	(b)	any amount raised by acceptance under any acceptance credit facility or dematerialized equivalent; 

  

	 	(c)	any amount raised pursuant to any note purchase facility or the issue of bonds, notes, debentures, loan stock or any similar instrument; 

  

	 	(d)	the amount of any liability in respect of any lease or hire purchase contract which would, in accordance with GAAP, be treated as a finance or capital lease;

  

	 	(e)	receivables sold or discounted (other than any receivables to the extent they are sold on a non-recourse basis); 

  

	 	(f)	any amount raised under any other transaction (including any forward sale or purchase agreement) having the commercial effect of a borrowing; 

  

	 	(g)	any derivative transaction entered into in connection with protection against or benefit from fluctuation in any rate or price (and, when calculating the value of any derivative
transaction, only the marked to market value shall be taken into account); 

  

	 	(h)	any counter-indemnity obligation in respect of a guarantee, indemnity, bond, standby or documentary letter of credit or any other instrument issued by a bank or financial
institution; and 

	 	(i)	the amount of any liability in respect of any guarantee or indemnity for any of the items referred to in paragraphs (a) to (h) above. 

  

	 	(d)	In clause 19.8, the following shall be added at the end: 

 “or it appears to the Majority Lenders that, without their prior consent, a change has occurred (or probably has occurred) after the date of this Agreement in the ultimate beneficial ownership of any of the shares in CMA CGM or in the
ultimate control of the voting rights attaching to any of those shares such that those persons certified to the Lenders as of the date of this Agreement as being the shareholders in CMA CGM (or, if different, those persons who control the voting
rights attaching to the shares in CMA CGM) hold, directly or indirectly less than 67% of such shares or voting rights attaching to such shares”; and 
  

	 	(e)	The words, “CMA CGM” shall be added after “Borrower” in clause 19.12(c) (second line). 

  

	8.10	Commitment Fee 

 In clause 23.1 of the Credit
Agreement, the references in paragraphs (a) and (b) to “the Closing Date” shall be replaced by references to “the date of this Agreement”. 
  

	8.11	Continuation of Corporate Guarantee 

 In clause 28.3
of the Credit Agreement, a new paragraph (e) shall be added reading as follows: 
  

	 	“(e)	For the purposes of Article 1278 et seq of the French Civil Code, the Corporate Guarantee will continue in full force and effect in favour of the Facility Agent following any
novation under this Clause. A novation under this Clause is a novation (novation) within the meaning of Article 1271 et seq. of the French Civil Code.” 

  

	8.12	Initial Conditions Precedent Documents 

 Schedule 2
Part 1 shall be amended by: 
  

	 	(a)	Inserting the words “if applicable” at the end of paragraph 3(d); and 

  

	 	(b)	adding the following additional initial conditions precedent documents: 

  

	 	“7.	CMA CGM 

 (a) A certified copy* of the
constitutional documents (statut) of CMA CGM together with (i) an up to date Certificate of Registry (extrait K-bis) dated no more than ten (10) Business Days prior to the date of this Agreement and (ii) a non bankruptcy
certificate (certificate de non faillite) dated no more than ten (10) Business Days prior to the date of this Agreement. 
 (b) A
certified copy* of a resolution of the supervisory board (conseil de surveillance) board of directors (directoire) of CMA CGM: 
  

	 	(i)	approving the terms of, and the transactions contemplated by, each Finance Document to which CMA CGM is a party and resolving that it executes each such Finance Document, then to be
executed; 

  

	 	(ii)	authorising a specified person or persons to execute each Finance Document on its behalf to which it is to be a party, then to be executed; and 

	 	(iii)	authorising a specified person or persons, on its behalf, to sign and/or despatch all other documents and notices to be signed and/or despatched by it under or in connection with
each Finance Document to which it is to be a party, then to be executed. 

 (c) A specimen of the signature of each person
authorised by the resolution referred to in paragraph (b). 
  

	 	8.	Finance Documents 

 A duly executed original of the
Corporate Guarantee. 
  

	 	9.	Other Documents 

  

	 	(a)	A letter from CMA CGM UK Limited at its registered office for the time being, presently 75 King William Street, London, EC4N 7BE agreeing to its appointment as process agent for CMA
CGM under the Finance Documents to which CMA CGM is to be a party. 

  

	 	(b)	Confirmation from the Lenders that they have satisfied all of their “know your customer” requirements in relation to CMA CGM. 

  

	 	10.	Legal opinions 

 A legal opinion of
Allen & Overy LLP, Paris office, French legal advisors to the Lenders, addressed to the Facility Agent as agent for and on behalf of itself and the Lenders in respect of CMA CGM and the Corporate Guarantee.” 
  

	8.13	Identified Vessel Condition Precedent Documents 

 Schedule 2 Part 2 shall be amended by: 
  

	 	(a)	inserting the words “if applicable” at the end of paragraph 2(d); and 

  

	 	(b)	deleting paragraph 6(a). 

  

	8.14	Schedules 4, 6, 7 and 8 

 In Schedules 4, 6, 7 and
8, the definition of the Facility Agreement shall be amended to read: 
 “US$800,000,000 Facility Agreement dated [ ]December 2007 as
amended and supplemented by an Addendum No.1 of even date (the Facility Agreement)”. 
 In schedule 4 Part 1, the Corporate
Guarantor will co-sign any Form of Request under the Credit Facility with the Authorised Signatory of the Borrower. 
  

	9.	COMPLETION OF SUCCESSFUL IPO 

  

	9.1	Cancellation of Amendments and Supplements 

 Notwithstanding the provisions of Clause 8.11, upon the completion of a Successful IPO, and subject to satisfaction of the conditions precedent referred to in Clause 9.2, the amendments and supplements made to the Credit Agreement by this
Addendum No.1, other than the amendments made to (i) the definitions of Asset Purchase Agreement, Availability Period, Delivered Vessels, 

 
Delivery Date, Hedged Portion including the words in square brackets and (ii) clauses 3.1, 10.1(d), 12.4 and 16.35 of, and Schedules 4, 6, 7 and 8 to
the Credit Agreement shall cease to have effect, the Corporate Guarantee shall fall away, be cancelled and be returned to the Corporate Guarantor in accordance with the provisions of clause 2.3 of the Corporate Guarantee and the Credit Agreement,
free of any amendments and supplements by this Addendum No.1, shall continue in full force and effect as amended in accordance with paragraphs (i) and (ii) above but otherwise in accordance with its original terms. 
  

	9.2	Conditions Precedent 

 In the event that a
Successful IPO is completed prior to the date referred to in Clause 10.2, it shall be a condition precedent to the Facility continuing, the Corporate Guarantee being cancelled and the terms of the Credit Agreement reverting to the amended terms of
the Credit Agreement described in Clause 9.1 above that: 
  

	 	(a)	the Borrowers enter into hedging arrangements complying, and otherwise comply, with the terms of clause 16.36 of the Credit Agreement (in its original form and not as amended by
Clause 5 of this Addendum No.1) (the minimum amount required to be hedged under such clause 16.36 of the Credit Agreement being measured by reference to the outstanding Loans following the anticipated prepayment by the Borrowers from the proceeds of
the IPO; 

  

	 	(b)	all Swap Banks and the Borrowers accede to the DPP (if not already parties); and 

  

	 	(c)	the Borrowers enter into Swap Agreement Assignments in respect of any Swap Agreements then entered into (to the extent they have not already done so) and comply with the terms of
such Swap Agreement Assignments. 

  

	9.3	Repayment of Shareholder Loans 

 In the event that a
Successful IPO is completed prior to the date referred to in Clause 10.2 and provided that the conditions precedent referred to in Clause 9.2 have been satisfied in full, the Representative Borrower shall repay within three Business Days of the date
of the settlement of the IPO, to the Corporate Guarantor the funding which the Corporate Guarantor provided in accordance with Clause 6.2(b) above either by way of issuing shares to the Corporate Guarantor and/or paying the Corporate Guarantor cash
out of the proceeds of the IPO. 
  

	10.	FAILURE TO COMPLETE A SUCCESSFUL IPO 

  

	10.1	In the event that a Successful IPO has not been completed by 31st May 2008, the Representative Borrower, the Corporate Guarantor and the Facility Agent (acting on the
instructions of all of the Lenders) shall enter into good faith discussions with a view to coming to an agreement on the terms on which the Facility could be converted into a fully amortising term loan (but with no obligation on the part of any
Party to agree to such a concession). 

  

	10.2	In the event that by 30th June 2008, (i) a Successful IPO has not been completed, nor (ii) has agreement on the terms on which the Facility could be converted into a
fully amortising term loan been reached, then the Borrowers shall, on 30th June 2008, prepay all of the Loans then outstanding in full (together with any and all other amounts outstanding under the Finance Documents, whether in respect of fees,
costs, interest, Break Costs or otherwise howsoever) and the Commitments of each of the Lenders will be immediately and completely cancelled. No amount so prepaid may be reborrowed and the provisions of clause 6.9 of the Credit Agreement shall apply
to such prepayment and cancellation. 

	11.	TAX GROSS-UP 

 With effect from the date of this
Addendum No.1, clause 10.1(d) of the Credit Agreement shall be read and construed with the addition of the following proviso: 
 “provided always that, in the event that Industrial and Commercial Bank of China becomes a Lender, the provisions of this Clause 10.1(d) shall not apply in respect of any Tax Deduction which has to be made in respect of any payment to,
or in respect of, Industrial and Commercial Bank of China as a Lender (it being understood that this proviso is personal to Industrial and Commercial Bank of China and no person to whom Industrial and Commercial Bank of China may transfer its
Commitment or any part shall have the benefit of this proviso). Whilst and for so long as it is a Lender, Industrial and Commercial Bank of China shall use all reasonable endeavours to minimise, and keep at a minimum, any Tax Deduction which has to
be made in relation to any payment to, or in respect of, Industrial and Commercial Bank of China as a Lender.” 
 The amendment effected
by this Clause 11 shall apply both during the Pre-IPO Period and thereafter for so long as the Credit Agreement is in effect. 
  

	12.	GOVERNING LAW AND JURISDICTION 

  

	12.1	This Addendum No.1 is governed by English law. 

  

	12.2	The provisions of clause 37 of the Credit Agreement shall apply to this Addendum No.1 as if they were set out in this Addendum No.1. 

  

	13.	COUNTERPARTS 

 This Addendum No.1 may be executed in
any number of counterparts and by facsimile or scanned copies provide that original signed copies are provided within a reasonable period of time thereafter. This has the same effect as if the signatures on the counterparts were on a single copy of
this Addendum No.1. 
 THIS ADDENDUM NO.1 has been entered into on the date stated at the beginning of this Addendum No.1. 

 SIGNATORIES 
  

			
	
	Representative Borrower
	
	GLOBAL SHIP LEASE INC
		
	By:	 	 /s/ Susan Cook

	
	Original Borrowers
	
	GLOBAL SHIP LEASE 1 LIMITED
		
	By:	 	 /s/ Susan Cook

	
	GLOBAL SHIP LEASE 2 LIMITED
		
	By:	 	 /s/ Susan Cook

	
	GLOBAL SHIP LEASE 3 LIMITED
		
	By:	 	 /s/ Susan Cook

	
	GLOBAL SHIP LEASE 4 LIMITED
		
	By:	 	 /s/ Susan Cook

	
	GLOBAL SHIP LEASE 5 LIMITED
		
	By:	 	 /s/ Susan Cook

	
	GLOBAL SHIP LEASE 6 LIMITED
		
	By:	 	 /s/ Susan Cook

	
	GLOBAL SHIP LEASE 7 LIMITED
		
	By:	 	 /s/ Susan Cook

			
	GLOBAL SHIP LEASE 8 LIMITED
		
	By:	 	 /s/ Susan Cook

	
	GLOBAL SHIP LEASE 9 LIMITED
		
	By:	 	 /s/ Susan Cook

	
	GLOBAL SHIP LEASE 10 LIMITED
		
	By:	 	 /s/ Susan Cook

	
	GSL ALCAZAR INC
		
	By:	 	 /s/ Susan Cook

	
	GSL CHÂTEAU D’IF INC
		
	By:	 	 /s/ Susan Cook

	
	GLOBAL SHIP LEASE SERVICES LIMITED
		
	By:	 	 /s/ Susan Cook

	
	Original Lenders
	
	FORTIS BANK (NEDERLAND) N.V.
		
	By:	 	 /s/ K.H. Wallien

		
		 	 /s/ A.C.A.J. Biesbroeck

	
	CITIBANK N.A., LONDON BRANCH
		
	By:	 	 /s/ Luc Vrettos

	
	HSH NORDBANK AG
		
	By:	 	 /s/ Stefanie Berger

			
	SUMITOMO MITSUI BANKING CORPORATION, BRUSSELS BRANCH
		
	By:	 	 /s/ Paul Grosjean

	
	DNB NOR BANK ASA
		
	By:	 	 /s/ D. Grant

		
		 	 /s/ K. Field

	
	KFW
		
	By:	 	 /s/ Schmid

		
		 	 /s/ Jellestad

	
	The Mandated Lead Arrangers
	
	FORTIS BANK (NEDERLAND) N.V.
		
	By:	 	 /s/ K.H. Wallien

		
		 	 /s/ A.C.A.J. Biesbroeck

	
	CITIGROUP GLOBAL MARKETS LIMITED
		
	By:	 	 /s/ Luc Vrettos

	
	HSH NORDBANK AG
		
	By:	 	 /s/ Stefanie Berger

	
	SUMITOMO MITSUI BANKING CORPORATION, BRUSSELS BRANCH
		
	By:	 	 /s/ Paul Grosjean

	
	DNB NOR BANK ASA
		
	By:	 	 /s/ D. Grant

		
		 	 /s/ K. Field

			
	The Facility Agent
	
	FORTIS BANK (NEDERLAND) N.V.
		
	By:	 	 /s/ K.H. Wallien

		
		 	 /s/ A.C.A.J. Biesbroeck

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