Document:

Amended and Restated Executive Employment Agreement between Seaspan Ship

 Exhibit 4.5 
 AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT 
 THIS AMENDED AND RESTATED EMPLOYMENT
AGREEMENT is dated as of the 14th day of March, 2011 but shall have retroactive effect as of January 1, 2011 (the “Effective Date”). 
 BETWEEN: 
 SEASPAN SHIP MANAGEMENT LTD. 

AND: 
 GERRY WANG

 WHEREAS: 
  

	A.	The Executive has been employed by the Company since 2000 and is presently its Chief Executive Officer (“CEO”). 

 

	B.	Pursuant to an Executive Employment Agreement, effective as of August 8, 2005, as amended effective as of January 1, 2009 (as so amended, the “Prior
Agreement”), the Executive agreed to serve as the CEO of the Company. 

  

	C.	The Company and the Executive desire to amend and restate the Prior Agreement in its entirety to read as provided herein. 

NOW, THEREFORE in consideration of the terms and conditions set forth below, and other good and valuable consideration the receipt and sufficiency of
which is acknowledged by the parties, the parties hereto agree to amend and restate the Prior Agreement as follows: 
  

	1.	DEFINITIONS 

  

	1.1	In this Agreement: 

“Affiliate” means, with respect to any Person, any Person who owns or controls, is owned or controlled by, or is under common
ownership or control with, such Person. As used in this definition, “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.  
 “Agreement”
means this Amended and Restated Executive Employment Agreement between the Company and the Executive. 

  
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 “Benefits” means insured benefit plans and other employee welfare benefits consistent with
the policies of the Company customarily applicable to senior executives of the Company; provided, however, that Benefits shall exclude all bonus, retention, equity or equity related, retirement or similar benefit plans or benefits.

 “Board” means the Board of Directors of the Company. 
 “Business” means the business of providing technical and management services to Container Vessels and any other lawful act or activity customarily conducted in conjunction therewith.

 “CEO” means the Company’s Chief Executive Officer. 
 “Change of Control” means: 
  

	 	(a)	the sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or
substantially all of the Company’s assets; 

  

	 	(b)	an order made for, or the adoption by the Board of a plan of, liquidation or dissolution of the Company; 

 

	 	(c)	the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as such term is
used in Section 13(d)(3) of the U.S. Securities Exchange Act of 1934, as amended) becomes the beneficial owner, directly or indirectly, of more than a majority of the Company’s voting securities, measured by voting power rather than number
of shares; 

  

	 	(d)	if, at any time, the Company becomes insolvent, admits in writing its inability to pay its debts as they become due, commits an act of bankruptcy, is adjudged bankrupt
or declares bankruptcy or makes an assignment for the benefit of creditors, or makes a proposal or similar action under the bankruptcy, insolvency or other similar laws of the Marshall Islands or any applicable jurisdiction or commences or consents
to proceedings relating to it under any reorganization, arrangement, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction; 

  

	 	(e)	a change in directors after which a majority of the members of the Board are not Continuing Directors; or 

 

	 	(f)	 the consolidation of the Company with, or the merger of the Company with or into, any “person”, or the consolidation of any
“person” with, or the merger of any “person” (with or into, the Company, in any such event pursuant to a transaction in which any of the outstanding common shares of the Company are converted into or exchanged for cash,
securities or other property or receive a payment of cash, securities or other property, other than any such transaction where the Company’s voting stock outstanding immediately prior to such transaction is converted into or exchanged for
voting stock of the surviving or 

  
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transferee “person” constituting a majority of the outstanding shares of such voting stock of such surviving or transferee “person” immediately after giving effect to such
issuance. 

 “Claims” means the claims described in Section 5.4. 

“Company” means Seaspan Ship Management Ltd. or any successor to its business and/or assets as provided in Section 9.3. 

“Confidential Information” has the meaning ascribed to such term in Section 6.3. 

“Container Vessel” means an ocean-going vessel specifically constructed to transport containerized cargo. 

“Container Vessel Business Acquisition” has the meaning provided in the Right of First Refusal Agreement. 

“Continuing Directors” means, as of any date of determination, any member of the Board who either (i) was a member as of the
Effective Date or (ii) was nominated for election or appointment to the Board with the approval of the majority of the members of the Board who either were members of the Board as of the Effective Date or whose nomination or election was
previously so approved. 
 “Declined Investment Opportunity” has the meaning provided in the Non-Competition Agreement dated as
of the date hereof among the Executive and the GC Entities. 
 “Disability” means the Executive has one or more illnesses or
injuries that have rendered the Executive incapable (mentally, physically or otherwise) of substantially performing the Services on a full-time basis for a period of one hundred twenty (120) consecutive calendar days or a total of one hundred
eighty (180) calendar days in any 12-month period, as determined by a physician mutually chosen by the parties. 
 “Disability
Term” has the meaning ascribed to such term in Section 5.3(b). 
 “Effective Date” has the meaning ascribed to
such term in the introductory statement. 
 “Employment Period” means the period from the Effective Date to the Termination
Date. 
 “Entity” means any corporation, limited liability company, partnership, limited partnership, limited liability
partnership, joint venture, trust, business trust, organization, firm, unincorporated association, estate or other legal entity. 

“Executive” means Gerry Wang. 

  
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 “GC Entities” means, collectively, Greater China Industrial Investments LLC and GC
Intermodal. 
 “GC Intermodal” means Greater China Intermodal Investments LLC. 

“Good Reason” means the occurrence of any of the following events without the written consent of the Executive: 

 

	 	(a)	any reduction in the Executive’s Salary under this Agreement; 

  

	 	(b)	any material breach by the Company of this Agreement; 

  

	 	(c)	the Executive being assigned duties and responsibilities materially inconsistent with those normally associated with his position or there being any material change in
the Executive’s title or reporting hereunder, provided that any change contemplated in Section 2.2 will not be Good Reason; 

  

	 	(d)	the Company changes its purpose to include the conduct of business in addition to the Business (which shall exclude any investment by the Company in Greater China
Investments); 

  

	 	(e)	the occurrence of a winding up, dissolution or liquidation of the Company; 

 

	 	(f)	the Company assigns this Agreement in violation of Section 9.3; 

  

	 	(g)	a Change of Control of the Company; or 

  

	 	(h)	a request by the Board to resign pursuant to Section 2.6; 

 provided that the Executive terminates his employment for Good Reason hereunder within one hundred twenty (120) days from the date that he has actual notice of such reduction, change, material
breach, transfer or event. 
 “Greater China Investments” means (i) the GC Entities, (ii) each direct or
indirect Subsidiary of the GC Entities, (iii) any other Person in which the GC Entities have made a direct or indirect Investment and (iv) the successor entities of (i), (ii) and (iii). 

“Indemnitor” has the meaning ascribed to such term in Section 8.1. 
 “Investment” means any equity or debt investment made or committed to be made by the GC Entities or any of their Subsidiaries, except that payment of any general, administrative or other
operating or formation expense of the GC Entities or any of their Subsidiaries (including through any investment in any such entity, to the extent so designated by the Transaction Committee) will not constitute an Investment. 

  
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 “Just Cause” means conduct of the Executive that constitutes just cause to terminate the
Executive’s employment without any notice or compensation in lieu of notice at common law, and represents the occurrence or existence of any of the following events: 

 

	 	(a)	the Executive’s gross negligence in performing the Services or the Executive’s willful, material failure to comply with any lawful directive of the Board,
provided that written notice stating the basis for the termination is provided to the Executive and the Executive is given at least thirty (30) days to cure the neglect or conduct that is the basis of such claim and, if the Executive fails to
cure such neglect or conduct (or such neglect or conduct is incurable), the Executive shall have an opportunity to be heard before the full Board (at which the Executive may be accompanied by counsel) and, after such hearing, there is a majority
vote of all members of the Board (excluding the Executive) to terminate the Executive’s employment for Just Cause which vote is communicated to the Executive in writing; 

 

	 	(b)	the Executive’s willful, material breach of this Agreement, provided that written notice stating the basis for the termination is provided to the Executive and the
Executive is given at least thirty (30) days to remedy the breach that is the basis of such claim and, if the Executive fails to remedy such breach (or such breach cannot be remedied), the Executive shall have an opportunity to be heard before
the full Board (at which the Executive may be accompanied by counsel) and, after such hearing, there is a majority vote of all members of the Board (excluding the Executive) to terminate the Executive’s employment for Just Cause which vote is
communicated to the Executive in writing; 

  

	 	(c)	the Executive having been convicted of, or having entered a guilty plea or settlement admitting guilt for, any crime, which commission, conviction, plea or settlement
results in a Material Adverse Effect except where the Executive has been convicted of (or pleads nolo contendere to) a crime relating to environmental or shipping laws absent an intentional criminal act by the Executive; or 

 

	 	(d)	the Executive having been the subject of any order, judicial or administrative, obtained or issued by a securities commission, for, any securities violation involving
fraud or other moral turpitude, which results in a Material Adverse Effect; 

 provided that the Company terminates the
Executive’s employment within one hundred twenty (120) days from the date the Company has actual notice of such gross negligence, failure, breach, order or event. 
 “Material Adverse Effect” means a material consequential negative effect on the financial conditions or operations of the Company, or a materially injurious and continuing effect on the
reputation of the Company. 
 “Passive Investments” means any investment by a Person in any Entity pursuant to which
(i) such Person does not have the right or ability to (A) exercise control over such Entity, (B) appoint, elect or designate any director of any Entity (or other Person performing a similar function) in connection with such investment
or (C) veto or block any material transaction 

  
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effected by any Entity in which such investment is made (other than veto or blocking rights held by all holders of any class or series of equity or debt securities of such Entity, provided, that
such Person does not own or control a majority of such class or series of equity or debt securities or hold a number of such securities sufficient to allow such Person to control any determination relating to any such veto or blocking right) and
(ii) such Person in the aggregate, directly or beneficially, owns less than 20% of the voting stock or other equity interests then outstanding (whether voting or nonvoting) of such Entity. For the avoidance of doubt, an investment with respect
to which (a) a Person or its Affiliate serves as a member of the Entity’s board of directors, board of managers or similar governing body (in each case, other than Permitted Service), or otherwise serves as a consultant or paid advisor to
such Entity, or (b) a Person, together with its Affiliates, owns 20% or more of the voting stock or other equity interests then outstanding (whether voting or nonvoting) of such Entity, is not a Passive Investment for purposes of this
Agreement. 
 “Permitted Service” means service as a member of the board of directors, board of managers or similar governing
bodies of, Entities other than the Company and its Subsidiaries, (x) with respect to Entities whose business is outside the scope of the Business, and (y) with respect to Entities whose business is within the scope of the Business, subject
to the prior approval of a majority of the Board. 
 “Person” means any individual or Entity. 

“Prior Agreement” has the meaning ascribed to such term in the introductory statement. 

“Rejected Investment” means an acquisition by Washington or its Affiliates of Washington Identified Vessels in connection with the
exercise by Washington of its rights pursuant to Section 2(c) of the Right of First Refusal Agreement. 
 “Restricted
Period” has the meaning ascribed to such term in Section 7.2(a). 
 “Restrictive Covenant Agreement” has the
meaning ascribed to such term in Section 7.1. 
 “Right of First Refusal Agreement” means that certain Right of First
Refusal Agreement, dated as of the date hereof, by and among the Company, GC Intermodal and Washington. 
 “ROFR Period” means
the period beginning as of the date of this Agreement and ending on the earlier of (a) March 31, 2015, (b) the date on which GC Intermodal is dissolved or liquidated and (c) the date on which the Right of First Refusal Agreement is
terminated pursuant to Section 5 thereof. 
 “Salary” has the meaning ascribed to such term in Section 4.1.

 “SC” means Seaspan Corporation. 
 “Services” means those services set out in Section 2.2. 

“SMSL” means Seaspan Management Services Ltd., a company formed under the laws of British Columbia, or any successor thereof.

  
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 “Subsidiary” means, with respect to any Person, any other Person more than fifty
(50%) percent of the voting power of which is held, directly or indirectly, by such first Person and/or any of such first Person’s Subsidiaries, or over which such Person either directly or indirectly exercises Control (including
(i) any limited partnership of which such first Person, directly or indirectly, is the general partner or otherwise has the power to direct or cause the direction of the management and policies thereof and (ii) any limited liability
company of which such first Person, directly or indirectly, is the managing member or otherwise has the power to direct or cause the direction of the management and policies thereof). 
 “Term” has the meaning ascribed to such term in Section 3.1. 

“Termination Date” means the effective date of the Executive’s termination of employment hereunder in accordance with
Section 5. 
 “Transaction Committee” means, as applicable, the Transaction Committee of the Board of Managers of Greater
China Industrial Investments LLC or GC Intermodal. 
 “Vacation” means the Executive’s entitlement to paid vacation during
the Employment Period set out in Section 4.2(c). 
 “Washington” means Blue Water Commerce, LLC, a limited liability
company formed under the laws of Montana. 
 “Washington Identified Vessels” has the meaning ascribed to such term in the Right
of First Refusal Agreement. 
  

	2.	POSITION AND SERVICES 

  

	2.1	Employment by the Company 

 The Company
will continue to employ the Executive, and the Executive will serve the Company during the Employment Period, on the terms and conditions set out herein. 
  

	2.2	Appointment as CEO of the Company 

Subject to Section 2.5, during the Employment Period the Executive will hold the position of CEO of the Company and will have the powers and
authorities customarily associated with such office, will perform the duties and responsibilities normally or usually associated with the position of CEO of the Company and will perform such other duties as may from time to time reasonably be
delegated to the Executive by the Board (the “Services”) consistent with Section 2.4; provided, however, that the Board may appoint a President and/or Chief Operating Officer and delegate to such officers such
duties and responsibilities as the Board determines. The Executive will perform the Services competently, efficiently and with due care and, except as provided in Sections 2.3 and 2.4 but subject to applicable fiduciary duties as an officer of
the Company, the Executive will act in the best interest of the Company. 

  
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	2.3	Acknowledgement of Status as CEO of SC and Other Services 

 The Company hereby acknowledges that the Executive also will hold the position of CEO of SC and may also serve in one or more of the following positions: director, manager, officer or employee of, or
advisor or consultant to, Greater China Investments and/or Tiger Management Limited. The Company acknowledges that the Executive may invest and own or hold equity interests in SC, SMSL and its Subsidiaries, Greater China Investments and/or Tiger
Management Limited and its Subsidiaries, and that such interests may be significant. The Company also acknowledges that (a) GC Intermodal and its Subsidiaries plan to engage in activities competitive with the activities of the Company and its
Subsidiaries, including the Business and the investment in, and ownership and operation of, Container Vessels and (b) Tiger Management Limited and certain of its Subsidiaries intend to provide certain services to Greater China Investments in
connection with the activities of Greater China Investments. Such activities shall not constitute a breach of this Agreement. 
  

	2.4	Devotion of Time 

 The Executive will
devote such portion of his normal business time and attention to the Services as is reasonably necessary for the conduct thereof. The Company acknowledges that the amount of time the Executive will allocate among the respective businesses of the
Company, SC or any controlled Affiliates thereof and Greater China Investments will vary from time to time depending on various circumstances and needs of such businesses. 

 

	2.5	Location of Offices 

 The Company
maintains its principal executive offices at a location in the greater Vancouver, British Columbia metropolitan area. During the Employment Period, the Executive shall be based in either the greater Vancouver, British Columbia metropolitan area or
the greater Hong Kong metropolitan area as required or permitted (upon the Executive’s request which may not be unreasonably denied) by the Company from time to time. 

 

	2.6	Resignation of Director Status 

 If at any
time following the expiration or termination of the ROFR Period (but during the Employment Period) the Board requests that the Executive tender his resignation as a director of the Company, the Executive shall tender his resignation with immediate
effect. 
  

	3.	TERM 

  

	3.1	Term 

 The term of the Executive’s
employment pursuant to this Agreement shall be the period from the Effective Date through January 1, 2013 (the “Term”). Notwithstanding the foregoing, the parties may mutually agree to extend the Term beyond January 1,
2013. 

  
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	3.2	Termination During Term 

 Notwithstanding
any other provision contained in this Agreement, the employment of the Executive under this Agreement may be terminated in accordance with Section 5 at any time. 
  

	4.	COMPENSATION AND BENEFITS 

  

	4.1	Salary 

 During the Employment Period, the
Company will pay to the Executive an annual salary of US$600,000 (the “Salary”), less appropriate deductions and withholdings, payable on not less than a monthly basis, in accordance with the Company’s customary payroll
practices for executive salaries. The Board (or an appropriate committee thereof) will review the Salary from time to time during the Employment Period and may, in its sole discretion, increase the Salary. The Salary, as increased, may not be
reduced without the written consent of the Executive. 
  

	4.2	Benefits 

 During the Employment Period:

  

	 	(a)	the Company will provide parking, at no cost to the Executive, within reasonable proximity to the Company’s primary office location and the Executive will be
responsible for any tax obligations arising from such parking; 

  

	 	(b)	the Company will make available to the Executive the Benefits, provided the Executive meets the eligibility requirements and other terms, conditions and restrictions of
the Benefits; and 

  

	 	(c)	the Executive will be entitled to 5 weeks paid vacation, including any statutory annual leave, during each calendar year (the “Vacation”).

  

	4.3	Expenses 

  

	 	(a)	The Company will reimburse the Executive for all reasonable business and entertainment expenses incurred by the Executive in connection with the performance of the
Executive’s duties hereunder. The Executive will account for such expenses in accordance with the Company’s regular reimbursement procedures and practices in effect from time to time. 

 

	 	(b)	The Company will promptly reimburse the Executive for all of the Executive’s reasonable legal fees and expenses incurred in connection with the negotiation and
documentation of this Agreement. 

  

	4.4	No Other Compensation 

 The Executive is
not entitled to any other compensation in respect of the Services other than the compensation set out in Section 4. 

  
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	4.5	Withholding 

 All payments and awards to
the Executive pursuant to this Agreement shall be subject to appropriate deductions and withholdings for tax purposes. 
  

	5.	TERMINATION 

  

	5.1	Termination by the Company 

 The Company,
in its sole discretion and at any time, may terminate the employment of the Executive: 
  

	 	(a)	immediately upon giving written notice for Just Cause; or 

  

	 	(b)	without Just Cause subject to providing the Executive with at least three months’ advance written notice of the Termination Date; 

in which case the Executive will be entitled to Salary, Benefits and an amount equal to the Salary in lieu of outstanding Vacation entitlement payable up
to the Termination Date, payable on or as soon as practicable following the Termination Date. During the notice period under paragraph (b) above, the Executive shall, unless otherwise requested by the Company, continue to provide Services
consistent with Section 0 as directed by the Board. In the event a successor is appointed as CEO of the Company during the notice period, the notice period shall end automatically (and the Termination Date shall thereby be deemed to occur) and the
Executive’s obligation to provide Services hereunder shall terminate. Notwithstanding the foregoing, the Executive may resign from employment with the Company for any reason with immediate effect and without prior notice upon the expiration of
the ROFR Period. In such event, the Termination Date shall be the date the Executive delivers notice. 
  

	5.2	Termination by Executive 

  

	 	(a)	The Executive may resign from employment with the Company for Good Reason at any time with immediate effect; or 

 

	 	(b)	The Executive may resign from employment with the Company without Good Reason by providing to the Company at least three months’ advance written notice of
resignation; 

 in which case the Executive will be entitled to Salary, Benefits and an amount equal to the Salary in lieu of
outstanding Vacation entitlement payable up to the Termination Date, payable on or as soon as practicable following the Termination Date. During the notice period under paragraph (b) above, the Executive shall, unless otherwise requested by the
Company, continue to provide Services consistent with Section 2 as directed by the Board. In the event a successor is appointed as CEO of the Company during the notice period, the notice period shall end automatically (and the Termination Date
shall thereby be deemed to occur) and the Executive’s obligation to provide Services hereunder shall terminate. 

  
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	5.3	Death and Disability 

  

	 	(a)	Death. If the Executive dies during the Employment Period, the employment of the Executive will terminate as of the date of death and the Company will pay
forthwith to the estate of the Executive the Salary and Benefits through the date of death and an amount equal to the Salary in lieu of outstanding Vacation entitlement payable up to the Termination Date, payable on or as soon as practicable
following the Termination Date.  

  

	 	(b)	Disability. If the Company terminates the Executive’s employment by reason of Disability, (i) the Executive will be entitled to Salary, Benefits and an
amount equal to the Salary in lieu of outstanding Vacation entitlement payable up to the Termination Date and (ii) the Company will pay the Executive continued Salary payments for one (1) year from the Termination Date (the
“Disability Term”) without setoff, deduction (other than applicable deductions and withholding for taxes) or any other reduction or claim whatsoever. The Executive will also continue to participate in the Benefits during the
Disability Term, subject to the terms and conditions of the Benefits plans without setoff, deduction (other than applicable deductions and withholding for taxes), or any other reduction or claim whatsoever. 

 

	5.4	Termination of Obligations 

 In the event
of termination of the employment of the Executive by the Company, by the Executive, by expiration of the Term or otherwise, all obligations of the Company to the Executive pursuant to this Agreement will terminate except as specifically set forth in
this Section 5 and the Company will have no further obligation or liability for any claim, action or demand, whether at common law or under any legislation from time to time applicable and in force or otherwise for damages or loss sustained by the
Executive arising out of the employment of the Executive by the Company or the termination or cessation of that employment (collectively, “Claims”). Immediately following payment of any amounts payable pursuant to this Section 5,
the Executive shall execute and deliver to the Company a valid and binding release (in form and substance reasonably satisfactory to the Company) of any and all Claims that the Executive then has or may have against the Company, its Affiliates and
representatives, other than the Executive’s rights under this Agreement. 
  

	6.	CONFLICTS OF INTEREST, CONFIDENTIALITY, AND DEFENSE OF CLAIMS 

  

	6.1	Conflicts of Interest 

 During the
Employment Period the Executive will promptly disclose to the Board any conflict of interest involving the Executive, upon the Executive becoming aware of such conflict, it being understood and agreed that the Executive’s activities on behalf
of or in connection with SC, SMSL and its Subsidiaries, Tiger Management Limited and its Subsidiaries and Greater China Investments shall be deemed not to constitute a conflict of interest for this purpose. The Company agrees that Executive shall
have no obligation to disclose to the Company or its 

  
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Affiliates any confidential information of Greater China Investments or of Tiger Management Limited and its Subsidiaries. 

 

	6.2	Confidentiality 

 The Executive
acknowledges that in the course of carrying out, performing and fulfilling the Executive’s obligations to the Company, the Executive will have access to and be entrusted with Confidential Information of the Company, and that the disclosure of
such information (to competitors, suppliers or clients of the Company, to the general public or otherwise) would be detrimental to the best interests of the Company. All Confidential Information, and every portion thereof, constitutes the valuable
property of the Company, its customers, or third parties. The Executive further acknowledges the importance of maintaining the security and confidentiality of the Confidential Information. Upon termination of the Employment Period and upon the
Company’s request from time to time thereafter, the Executive will return any Confidential Information then in his possession to the Company except that the Executive shall be entitled to retain: 

 

	 	(a)	papers and other materials of a personal nature, including but not limited to, photographs, correspondence, personal diaries, calendars and Rolodexes, personal files
and phone books, 

  

	 	(b)	information showing the Executive’s compensation or relating to reimbursement of expenses, 

 

	 	(c)	information that the Executive reasonably believes may be needed for tax purposes, 

 

	 	(d)	copies of plans or programs relating to the Executive’s employment, or termination thereof, with the Company, and 

 

	 	(e)	minutes, presentation materials and personal notes from any meeting of the Board, or any committee thereof, while the Executive was a member of the Board (provided the
Executive keeps such Board materials and personal notes relating to the Board or committee meetings confidential in accordance with this Section 6). 

 If the Executive retains any of the documents upon the termination of the Employment Period (or upon any subsequent request by the Company as set forth above) set out in (a) to (e) above, the
Executive will provide a copy of such document to the Company. 
  

	6.3	Confidential Information 

  

	 	(a)	 For the purpose of this Agreement “Confidential Information” means confidential information or data about the Company and its
business, affairs and operations, including, without limitation, (i) trade secrets, know-how, processes, drawings, formulas, standards, product specifications, marketing plans and techniques, strategic plans, cost figures, assets, all client or
customer information (including without limitation their names, preferences, financial information, physical and e-mail addresses and contact numbers), all systems hardware and

  
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software applications, all software/systems source and object codes, data, documentation, program files, flow charts, financial and operational information, and all operational procedures of the
Company and (ii) the proceedings and deliberations of the Company’s Board and its committees; provided, however, that information that the Executive transmits to Greater China Investments pursuant to the Right of First
Refusal Agreement and that relates to Container Investment Opportunities or Container Vessel Business Acquisitions (and not to the Company, SC’s ability to exercise its rights under the Right of First Refusal Agreement with respect to such
Container Investment Opportunities or Container Vessel Business Acquisitions, or the Board’s proceedings or deliberations with respect to such Container Investment Opportunities or Container Vessel Business Acquisitions) shall not be deemed
Confidential Information. 

  

	 	(b)	All Confidential Information provided to the Executive is subject to this Agreement whether provided directly to the Executive or not and whether inadvertently
disclosed to the Executive or not. 

  

	 	(c)	Despite Section 6.3(a), Confidential Information does not include information which the Executive can prove is information which is in the public domain at the
date of disclosure to the Executive, or which thereafter enters the public domain, in each case through no fault of the Executive provided that any combination of information that is Confidential Information will not be included within the exception
merely because individual parts of the information were within the public domain unless the combination itself was in the public domain. 

  

	6.4	Restriction 

  

	 	(a)	Except as may be expressly required in the course of carrying out the Executive’s duties and obligations under this Agreement, the Executive will (i) keep the
Confidential Information and all documentation and information relating thereto strictly confidential, and (ii) not disclose any Confidential Information to any Person or use or exploit, directly or indirectly, any Confidential Information
(x) for any purpose other than the proper purposes of the Company or (y) in any manner detrimental to the Company, in each case, either during the Employment Period or at any time thereafter. 

 

	 	(b)	Despite Section 6.4(a), if the Executive is requested or required by any law, regulation or rule, or any legal, regulatory or administrative process to disclose
any Confidential Information, the Executive shall promptly, if legally permitted, notify the Company in writing of such request or requirement so that the Company may seek an appropriate protective order or other relief. The Executive will not
oppose any effort by the Company to resist or narrow such request or to seek a protective order or other appropriate remedy. In any case, the Executive will: 

  
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	 	(i)	disclose only that portion of the Confidential Information that, according to the advice of his counsel, he is legally compelled or otherwise required to disclose;

  

	 	(ii)	use his reasonable efforts (at the expense of the Company) to obtain assurances that such Confidential Information will be treated confidentially; and

  

	 	(iii)	if legally permitted, notify the Company in writing as soon as reasonably practicable of the Confidential Information so disclosed. 

 

	6.5	Defense of Claims 

 The Executive will,
during the Employment Period and for a period of twenty four (24) months after the Termination Date, upon request from the Company, cooperate with the Company and its Affiliates in the defense of any claims or actions that may be made by or
against the Company or any of its Affiliates that relate to the Services, except if the Executive’s reasonable interests are adverse to the Company or its Affiliates in such claim or action. The Company will pay the Executive reasonable
compensation for his time expended at a rate per diem therefore no less than the Salary per diem to meet his obligations hereunder and pay or reimburse the Executive for all of the Executive’s reasonable travel and other direct expenses
incurred or to be reasonably incurred, to comply with the Executive’s obligations under this Section, against appropriate documentation of such expenses. 
  

	7.	RESTRICTIVE COVENANTS 

  

	7.1	Restrictive Covenant Agreement 

 Effective
as of the date of this Agreement, that certain Restrictive Covenant Agreement, effective as of August 8, 2005, among SC, the Company and the Executive (the “Restrictive Covenant Agreement”) shall be terminated and the Executive
and the Company agree that they shall have no further rights or obligations thereunder. 
  

	7.2	Restrictive Covenants 

  

	 	(a)	Subject to Section 7.2(b), during the Employment Period and (i) in the case of a termination of the Executive’s employment for Just Cause, for a period of
three months following the Termination Date, and (ii) in the case of a termination of the Executive’s employment without Just Cause or a resignation by the Executive without Good Reason, for the period, if any, from the Termination Date to
the date three months following the delivery of written notice of termination or resignation, as the case may be (such period being the “Restricted Period”), the Executive shall be prohibited from, directly or indirectly, engaging
in the Business and from acquiring or investing in any business involved in the Business. 

  

	 	(b)	Notwithstanding anything set forth in Section 7.2(a), during the Restricted Period the Executive may directly or indirectly through an Affiliate:

  
 14 

	 	(i)	make or hold any Passive Investments; 

  

	 	(ii)	invest in an entity that derives less than 10% of its revenue from the Business; 

 

	 	(iii)	invest in and provide services (as a director, manager, officer or employee of, or advisor or consultant) to Greater China Investments and, to the extent Executive has
historically provided such services thereto, to Tiger Management Limited and its Subsidiaries; 

  

	 	(iv)	provide services to SC or its Subsidiaries; 

  

	 	(v)	invest in a Declined Investment Opportunity and provide services to any Entity formed in connection with a Declined Investment Opportunity; 

 

	 	(vi)	provide Permitted Services; and 

  

	 	(vii)	provide services to Washington and its Affiliates in connection with a Rejected Investment. 

 

	8.	INDEMNIFICATION AND INSURANCE 

  

	8.1	Indemnity 

 The Company will indemnify,
defend and hold harmless the Executive to the fullest extent permitted by law from and against any and all losses, claims, demands, costs, damages, liabilities, joint or several, expenses of any nature (including reasonable legal fees and
disbursements), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative, in which the Executive may be involved, or threatened to be
involved as a party or otherwise, relating to the performance or non-performance of any act concerning the activities of the Company if the Executive acted in good faith and the Executive’s conduct did not constitute gross negligence, willful
misconduct or knowing violation of law in any material respect. Expenses (including reasonable legal fees and disbursements) incurred by the Executive in defending a proceeding will be secured, advanced or paid by the Company or necessary retainers
will be funded in advance as required (in such capacity, the “Indemnitor”) in advance of the final disposition and throughout the currency of such proceeding, as incurred, including any appeal therefrom, upon receipt of an
undertaking satisfactory to the Indemnitor by or on behalf of the Executive to repay such amount in the event of a final determination that the Executive is not entitled to be indemnified by the Indemnitor. Any indemnification provided hereunder
will be satisfied solely out of the assets of the Indemnitor as an expense of the Indemnitor. 
  

	8.2	Directors’ and Officers’ Liability Insurance 

 The Company shall purchase and maintain insurance that the Company reasonably determines to be adequate in respect of liabilities of the types described in Section 8.1, which insurance will cover the
Executive in his capacity as a director and officer of the Company. 

  
 15 

	9.	GENERAL PROVISIONS 

  

	9.1	Enforceability and Severability 

 It is
the desire and intent of the parties hereto that the provisions of this Agreement be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any
particular provision of this Agreement is adjudicated to be invalid or unenforceable, such provision will be deemed amended to delete therefrom the portion thus adjudicated as invalid or unenforceable, such deletion to apply only with respect to the
operation of such provision in the particular jurisdiction in which such adjudication is made. 
  

	9.2	Remedies 

 In the event of a breach or
threatened breach by the Executive of the provisions of Section 6 or 7, the Company will be entitled to an injunction restraining the Executive from such breach. Nothing contained herein will be construed as prohibiting the Company from
pursuing any other remedies available at law or equity for such breach or threatened breach of this Agreement nor limiting the amount of damages recoverable in the event of a breach or threatened breach by the Executive of the provisions of
Section 6 or 7. Without limiting the generality of the foregoing, the Executive acknowledges that, in the event of a breach or threatened breach by him of any of the provisions of Section 6 or 7, the damages of the Company may exceed the
amount paid to the Executive pursuant to this Agreement. 
  

	9.3	Assignment and Benefit 

 The Executive
will not assign or transfer this Agreement or any rights or obligations hereunder without the prior written consent of the Company. This Agreement will inure to the benefit of and be enforceable by the Executive’s successors and legal
representatives and the Company and its successors and permitted assigns. The Company may not assign this Agreement or any of its rights or obligations under this Agreement without the written consent of the Executive (which shall not be
unreasonably withheld or delayed); provided, however, that in connection with a Change of Control, the Company may assign this Agreement to the successor Entity in the Change of Control transaction; provided, further, that no such consent of
Executive shall be required in connection with any acquisition of the Company by SC or any of its controlled Affiliates. Notwithstanding the forgoing, if (a) pursuant to Section 2.5, the Executive transfers his primary location to the greater
Hong Kong metropolitan area and (b) such assignment will not result in increased costs or expenses to the Company or its controlled Affiliates, the Company shall assign this Agreement to SMSL. 

 

	9.4	Entire Agreement 

 This Agreement contains
the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements or understandings, whether oral or written and whether express or implied, between the parties hereto, including, without
limitation, the Restrictive Covenant Agreement. The Executive acknowledges and agrees that any prior agreements or representations, whether oral or written and whether express or implied, between the Executive and the Company, are hereby terminated
and the Executive has no rights or 

  
 16 

 
entitlements under or arising from any such prior agreements or representations against the Company. 
  

	9.5	Notices 

 All notices, requests and other
communications to any party hereunder will be in writing and sufficient if delivered personally or by commercial delivery service or sent by fax (with confirmation of receipt) or by registered or certified mail, postage prepaid, return receipt
requested, addressed as follows: 
 If to the Company, at: 

200 Granville Street, Suite 2600 
 Vancouver, B.C., Canada V6C 1S4 
 Fax: (604) 638 2595 

Attention: Corporate Secretary 
 With a copy to: 
 Blake, Cassels & Graydon LLP 

595 Burrard Street 
 P.O. Box 49314 
 Suite 2600, Three Bentall Centre 

Vancouver BC V7X 1L3 
 Canada 
 Fax: (604) 631-3309 

Attention: George Burke 
 If to the Executive, at: 
 Gerry Wang 

Seaspan Ship Management Limited 
 200 Granville Street, Suite 2600 
 Vancouver, B.C., Canada V6C 1S4 

Fax: (604) 638 2595 
 With a copy to: 
 Shearman & Sterling LLP 

599 Lexington Avenue 
 New York, NY 10022 
 Fax: (646) 848-8150 

Attention: John J. Cannon 

  
 17 

 or to such other address as the party to whom notice is to be given may have furnished to the other party in
writing in accordance herewith. Each such notice, request or communication will be deemed to have been given when received or, if given by mail, when delivered at the address specified in this Section or on the fifth business day following the date
on which such communication is posted, whichever occurs first. 
  

	9.6	Amendments and Waivers 

 No modification,
amendment or waiver of any provision of, or consent required by, this Agreement, nor any consent to any departure herefrom, will be effective unless it is in writing and signed by the parties hereto. Such modification, amendment, waiver or consent
will be effective only in the specific instance and for the purpose for which given. 
  

	9.7	Headings 

 Descriptive headings are for
convenience only and will not control or affect the meaning or construction of any provision of this Agreement. 
  

	9.8	Counterparts 

 This Agreement may be
executed in counterparts, and each such counterpart hereof will be deemed to be an original instrument, but all such counterparts together will constitute but one agreement. 

 

	9.9	United States Dollars 

 All dollar amounts
referred to herein will be in lawful currency of the United States. 
  

	9.10	Governing Law 

 This Agreement and its
application and interpretation will be governed exclusively by the laws of British Columbia and the laws of Canada applicable in British Columbia. 
  

	9.11	Attornment 

  

	 	(a)	 The Executive and the Company each irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme
Court of British Columbia, in any action or proceeding arising out of or relating to this Agreement or the agreements delivered in connection herewith or the transactions contemplated hereby or thereby or for recognition or enforcement of any
judgment relating thereto, and each of the parties hereby irrevocably and unconditionally (i) agrees that any claim in respect of any such action or proceeding shall be heard and determined in British Columbia, (iii) waives, to the fullest
extent it may legally and effectively do so, any objection which it may now or hereafter have to venue of any such action or proceeding in British Columbia, (iv) waives the defense of an inconvenient forum to the maintenance of such action or
proceeding in British Columbia and (v) agrees that it will not bring any action relating to this Agreement of the transactions contemplated hereby in any 

  
 18 

	 	 
court other than the aforesaid courts. The Executive and the Company each agrees that a final judgment in any such action or proceeding, as to which available appeals have been exhausted or no
appeals have been filed within the time set by law, will be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. The Executive and the Company each irrevocably consents to service of
process in the manner provided for giving notices in Section 9.5. Nothing in this Agreement will affect the right of the Executive or the Company to serve process in any other manner permitted by law. 

 

	 	(b)	TO THE FULLEST EXTENT PERMITTED BY LAW, EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE PROVISION OF SERVICES CONTEMPLATED HEREBY. 

  

	9.12	Independent Legal Advice 

 The Executive
hereby acknowledges that the Executive has had the opportunity to obtain independent legal advice regarding this Agreement. 
  

	9.13	Survival 

 Wherever appropriate to the
intentions of the parties to this Agreement, the respective rights and obligations of the parties, including but not limited to Sections 5, 6, 7, 8, and 9 will survive the Termination Date and will continue in full force and effect. 

 

	9.14	Collection and Use of Personal Information 

The Executive acknowledges that the Company will collect, use and disclose health and other personal information for employment and business related
purposes. The Executive consents to the Company collecting, using and disclosing health and other personal information of the Executive for employment and business related purposes in accordance with the privacy policy of the Company. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 19 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first set forth
above. 
  

			
	SEASPAN SHIP MANAGEMENT LTD.
		
	Per:	 	 /s/ Kyle R. Washington

		 	Authorized Signatory

 [Signature
Page to Employment Agreement with SSML] 

	
	GERRY WANG
	
	 /s/ Gerry Wang

	Gerry Wang

 [Signature Page to
Employment Agreement with SSML]Transaction Services Agreement between Seaspan Corporation and Gerry Wang

 Exhibit 4.6 

 
  

 
 TRANSACTION SERVICES AGREEMENT

 Dated as of the 14th day of March, 2011 
 among 
 GERRY WANG 

and 
 SEASPAN
CORPORATION 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE I
 DEFINITIONS AND INTERPRETATION
	  			
		
	 SECTION 1.01 Certain Definitions
	  	 	1	  
	 SECTION 1.02 Construction
	  	 	6	  
	 SECTION 1.03 Headings
	  	 	6	  
		
	 ARTICLE II
 ENGAGEMENT OF MANAGER
	  			
		
	 SECTION 2.01 Engagement
	  	 	6	  
	 SECTION 2.02 Powers and Duties of the Manager
	  	 	7	  
	 SECTION 2.03 Ability to Subcontract
	  	 	7	  
	 SECTION 2.04 Outside Activities
	  	 	7	  
	 SECTION 2.05 Authority of the Parties; Enforceability
	  	 	7	  
	 SECTION 2.06 Manager Representations
	  	 	8	  
		
	 ARTICLE III
 STRATEGIC SERVICES
	  			
		
	 SECTION 3.01 Strategic Services
	  	 	8	  
	 SECTION 3.02 Manager’s Personnel
	  	 	9	  
	 SECTION 3.03 Covenants of the Manager
	  	 	9	  
		
	 ARTICLE IV
 MANAGER’S COMPENSATION
	  			
		
	 SECTION 4.01 Transaction Fees
	  	 	9	  
	 SECTION 4.02 Reimbursement for Costs and Expenses
	  	 	11	  
	 SECTION 4.03 Direction to Pay
	  	 	11	  
		
	 ARTICLE V
 LIABILITY OF THE MANAGER; INDEMNIFICATION
	  			
		
	 SECTION 5.01 Liability of the Manager
	  	 	12	  
	 SECTION 5.02 Limitation on Liability
	  	 	12	  
	 SECTION 5.03 Manager Indemnification
	  	 	12	  
	 SECTION 5.04 Company Indemnification
	  	 	12	  
		
	 ARTICLE VI
 TERM AND TERMINATION
	  			
		
	 SECTION 6.01 Term
	  	 	12	  
	 SECTION 6.02 Termination
	  	 	13	  

					
	 SECTION 6.03 Effects of Termination or Expiry of this Agreement
	  	 	13	  
	 SECTION 6.04 Effects of Transfer
	  	 	13	  
		
	 ARTICLE VII
 GENERAL
	  			
		
	 SECTION 7.01 Assignment
	  	 	13	  
	 SECTION 7.02 Force Majeure
	  	 	14	  
	 SECTION 7.03 Confidentiality
	  	 	14	  
	 SECTION 7.04 Notices
	  	 	15	  
	 SECTION 7.05 Third Party Rights
	  	 	16	  
	 SECTION 7.06 No Partnership
	  	 	16	  
	 SECTION 7.07 Severability
	  	 	16	  
	 SECTION 7.08 Governing Law and Jurisdiction
	  	 	16	  
	 SECTION 7.09 Binding Effect
	  	 	17	  
	 SECTION 7.10 Amendment
	  	 	17	  
	 SECTION 7.11 Entire Agreement
	  	 	17	  
	 SECTION 7.12 Waiver
	  	 	17	  
	 SECTION 7.13 Counterparts
	  	 	17	  
	 SECTION 7.14 Resignation
	  	 	18	  

  
 ii 

 TRANSACTION SERVICES AGREEMENT 

THIS TRANSACTION SERVICES AGREEMENT (this “Agreement”) is dated as of the 14th day of March, 2011 but shall have
retroactive effect as of January 1, 2011 (the “Effective Date”) among: 
 Gerry Wang, an individual (the
“Manager); and 
 Seaspan Corporation, a corporation formed under the laws of the Marshall Islands (the
“Company”), having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405, Majuro, Marshall Islands, MH96960. 
 RECITALS: 
 The Company and the Manager are parties to an executive
employment agreement dated as of the date hereof (the “Employment Agreement”). 
 Pursuant to the terms of the
Employment Agreement, the Company wishes to engage the Manager to provide the services specified herein commencing upon the expiration of the Employment Period (as defined below), in consideration of which the Manager or his Designated Affiliate (as
defined below) will receive certain fees, in each case, on the terms and conditions set forth herein. 
 AGREEMENT:

 NOW, THEREFORE, in consideration of the mutual covenants and premises of the Parties (as defined below) herein contained
and for other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged by each Party), the Parties agree as follows: 
 ARTICLE I 
 DEFINITIONS AND INTERPRETATION 

SECTION 1.01 Certain Definitions. In this Agreement, unless the context requires otherwise, the following terms shall have
the respective meanings set forth below: 
 “Affiliate” means, with respect to any Person, any other Person
that directly or indirectly, through one or more intermediaries, is Controlled by, Controls or is under common Control with the Person in question. 
 “Agreement” has the meaning ascribed to such term in the introductory paragraph. 
 “Applicable Law” means, with respect to any Person, all statutes, laws, rules, orders, regulations, ordinances, judgments, decrees and injunctions affecting such Person, such
Person’s assets or the securities of such Person, whether now or hereafter enacted and in force. 

“Board” means the Board of Directors of the Company or an applicable committee thereof. 

 “Breaching Party” has the meaning ascribed to such term in
Section 6.02 (b). 
 “Business” means the business of owning and/or chartering (in or out) or
re-chartering Container Vessels and any other lawful act or activity customarily conducted in conjunction therewith. 

“Business Day” means a day other than a Saturday, Sunday or other day on which banks in the Marshall Islands, the Cayman
Islands, Hong Kong or Vancouver, British Columbia are required or authorized by Applicable Law to close. 
 “Change of
Control” means: 
  

	 	(a)	the sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or
substantially all of the Company’s assets; 

  

	 	(b)	an order made for, or the adoption by the Board of a plan of, liquidation or dissolution of the Company; 

 

	 	(c)	the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as such term is
used in Section 13(d)(3) of the U.S. Securities Exchange Act of 1934, as amended) becomes the beneficial owner, directly or indirectly, of more than a majority of the Company’s voting securities, measured by voting power rather than number
of shares; 

  

	 	(d)	if, at any time, the Company becomes insolvent, admits in writing its inability to pay its debts as they become due, commits an act of bankruptcy, is adjudged bankrupt
or declares bankruptcy or makes an assignment for the benefit of creditors, or makes a proposal or similar action under the bankruptcy, insolvency or other similar laws of the Marshall Islands or any applicable jurisdiction or commences or consents
to proceedings relating to it under any reorganization, arrangement, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction; 

  

	 	(e)	a change in directors after which a majority of the members of the Board are not Continuing Directors; or 

 

	 	(f)	 the consolidation of the Company with, or the merger of the Company with or into, any “person”, or the consolidation of any
“person” with, or the merger of any “person” with or into, the Company, in any such event pursuant to a transaction in which any of the outstanding common shares of the Company are converted into or exchanged for cash, securities
or other property or receive a payment of cash, securities or other property, other than any such transaction where the Company’s voting stock outstanding immediately prior to such transaction is converted into or exchanged for voting stock of
the surviving or transferee “person” constituting a majority of the outstanding shares of such 

  
 2 

	 	 
voting stock of such surviving or transferee “person” immediately after giving effect to such issuance. 

“Common Stock” means the Class A common shares of the Company, par value $0.01 per share. 

“Company” has the meaning ascribed to such term in the introductory paragraph. 

“Company Indemnified Persons” has the meaning ascribed to such term in Section 5.04. 

“Container Vessel” means an ocean-going vessel specifically constructed to transport containerized cargo. 

“Continuing Directors” means, as of any date of determination, any member of the Board who either (i) was a member
as of the Effective Date or (ii) was nominated for election or appointment to the Board with the approval of the majority of the members of the Board who either were members of the Board as of the Effective Date or whose nomination or election
was previously so approved. 
 “Control” means, with respect to any Person, the right to elect or appoint,
directly or indirectly, a majority of the directors of such Person or the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of Voting Securities, by contract
or otherwise. “Controlled” and “Controlling” will have correlative meanings. 

“Designated Affiliate” has the meaning ascribed to such term in Section 4.03. 

“Effective Date” has the meaning ascribed to such term in the introductory paragraph. 

“Employment Agreement” has the meaning ascribed to such term in the introductory paragraph. 

“Employment Period” has the meaning ascribed to such term in the Employment Agreement. 

“Force Majeure Event” has the meaning ascribed to such term in Section 7.02. 

“GC Entities” means, collectively, Greater China Industrial Investments LLC and GC Intermodal. 

“GC Intermodal” means Greater China Intermodal Investments LLC. 

“Governmental Authority” means any domestic or foreign government, including any federal, provincial, state, territorial
or municipal government, any multinational or supranational organization, any government agency, including, without limitation, any tribunal, labor relations board, commission or stock exchange, and any other authority or organization

  
 3 

 
exercising executive, legislative, judicial, regulatory or administrative functions of, or pertaining to, government. 
 “Greater China Investments” means (i) the GC Entities, (ii) each direct or indirect Subsidiary of the GC Entities, (iii) any other Person in which the GC Entities have
made a direct or indirect Investment and (iv) the successor entities of (i), (ii) and (iii). 

“Investment” means any equity or debt investment made or committed to be made by the GC Entities or any of their
Subsidiaries, except that payment of any general, administrative or other operating or formation expense of the GC Entities or any of their Subsidiaries (including through any investment in any such entity, to the extent so designated by the
Transaction Committee) will not constitute an Investment. 
 “Legal Action” means any action, claim, complaint,
demand, suit, judgment, litigation, arbitration, mediation, investigation or other judicial, arbitral or administrative proceedings, pending or threatened, by any Person or by or before any Governmental Authority. 

“Losses” means all losses, damages, claims, costs and expenses, interest, awards, judgments and penalties (including
reasonable attorneys’ fees and expenses) actually suffered or incurred. 
 “Manager” has the meaning
ascribed to such term in the introductory paragraph. 
 “Manager Group” has the meaning ascribed to such term
in Section 5.01. 
 “Manager Indemnified Persons” has the meaning ascribed to such term in
Section 5.03. 
 “Manager Misconduct” has the meaning ascribed to such term in Section 5.01.

 “Manager’s Personnel” means Gerry Wang and all other individuals that are employed by or have entered
into consulting arrangements with the Manager. 
 “New Build” means a Vessel under construction or to be
constructed pursuant to a ship building contract between the Company or a controlled Affiliate thereof and a ship builder. 

“New Build Contract” has the meaning ascribed to such term in Section 3.01 (c). 

“Non-Breaching Party” has the meaning ascribed to such term in Section 6.02 (b). 

“Omnibus Agreement” means the Omnibus Agreement dated as of August 8, 2005, among Seaspan Corporation, Seaspan
Management Services Limited, Seaspan Ship Management Ltd., Seaspan Advisory Services Limited, Norsk Pacific Steamship Company Limited, and Seaspan International Ltd., as amended by the Amendment to Omnibus Agreement dated as of the date of this
Agreement. 
 “Parties” means the Manager and the Company, and “Party” means either of them.

  
 4 

 “Payment Date” has the meaning ascribed to such term in Section 4.01
(b). 
 “Person(s)” means an individual, corporation, limited liability company, partnership, limited
partnership, joint venture, trust or trustee, unincorporated organization, association, government, government agency or political subdivision thereof, or other entity. 
 “Purchase or Sale Contract” has the meaning ascribed to such term in Section 3.01 (d). 
 “Representative” means any third party intermediary of any Party, including any sales or commission agent or representative, broker, finder, consultant, distributor, reseller, contractor,
subcontractor, or other intermediary or third party acting or that may reasonably be expected to act on the Party’s behalf. 
 “Right of First Refusal Agreement” means that certain Right of First Refusal Agreement, dated as of the date hereof, by and among the Company, GC Intermodal and Blue Water Commerce, LLC,
a limited liability company formed under the laws of Montana. 
 “ROFR Period” means the period beginning as of
the date of this Agreement and ending on the earlier of (a) March 31, 2015, (b) the date on which GC Intermodal is dissolved or liquidated and (c) the date on which the Right of First Refusal Agreement is terminated pursuant to
Section 5 thereof. 
 “SC Trading Average” means, as of a given date, the volume-weighted, average trading
price of Common Stock for the 20 trading days immediately preceding such date. 
 “Strategic Services” has the
meaning ascribed to such term in Section 3.01. 
 “Subsidiary” means, with respect to any Person, any
other Person more than fifty (50%) percent of the voting power of which is held, directly or indirectly, by such first Person and/or any of such first Person’s Subsidiaries, or over which such Person either directly or indirectly exercises
Control (including (i) any limited partnership of which such first Person, directly or indirectly, is the general partner or otherwise has the power to direct or cause the direction of the management and policies thereof and (ii) any
limited liability company of which such first Person, directly or indirectly, is the managing member or otherwise has the power to direct or cause the direction of the management and policies thereof). 

“Term” has the meaning ascribed to such term in Section 6.01. 

“Transaction” means a transaction effected pursuant to a New Build Contract or a Purchase or Sale Contract. 

“Transaction Committee” means, as applicable, the Transaction Committee of the Board of Managers of Greater China
Industrial Investments LLC or GC Intermodal. 
 “Transaction Fee” has the meaning ascribed to such term in
Section 4.01 (a). 

  
 5 

 “Transaction Fee Shares” has the meaning ascribed to such term in
Section 4.01 (b). 
 “Transfer” means any direct or indirect transfer, conveyance, assignment, pledge,
mortgage, charge, hypothecation or other disposition. 
 “Vessel Assets” means the Vessels and any assets that
are customarily owned or operated in conjunction with the Vessels, in each case. 
 “Vessels” means the
Container Vessels owned or leased by the Company or any of its controlled Affiliates from time to time and “Vessel” means any one of them. 
 “Voting Securities” means securities, of any class or series, of a Person entitling the holders thereof to vote in the election of members of the board of directors or other governing
body of such Person. 
 SECTION 1.02 Construction. In this Agreement, unless the context requires otherwise:

 (a) references to laws and regulations refer to such laws and regulations as they may be amended from time to time, and
references to particular provisions of a law or regulation include any corresponding provisions of any succeeding law or regulation; 
 (b) references to money refer to legal currency of the United States of America and “$” means U.S. dollars; 
 (c) the word “including” will mean “including, without limitation”, and the word “or” will be disjunctive but not exclusive; 

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

(e) a reference to an “approval”, “acceptance”, “authorization”, “consent”, “notice” or
“agreement” means an approval, acceptance, authorization, consent, notice or agreement, as the case may be, in writing. 
 SECTION 1.03 Headings. All article or section headings in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or construction of any of the
provisions hereof. 
 ARTICLE II 
 ENGAGEMENT OF MANAGER 
 SECTION 2.01 Engagement. The Company
hereby engages the Manager to provide the services specified herein on a non-exclusive basis and the Manager hereby accepts such engagement, all in accordance with the terms of this Agreement. The Company and the Manager each acknowledge that to the
extent set out in this Agreement, the Manager is acting solely on behalf of, as agent of and for the account of, the Company. The Manager may advise 

  
 6 

 
Persons with whom it deals on behalf of the Company that he is conducting such business for and on behalf of the Company. 
 SECTION 2.02 Powers and Duties of the Manager. The Manager has the power and authority to take such actions on his own behalf or on behalf of the Company as it from time to time considers
necessary or appropriate to enable it to perform his obligations under this Agreement, subject to the customary oversight and supervision of the Company. The Manager shall, subject to Section 2.04, use his reasonable best efforts to perform the
Strategic Services to be provided hereunder in accordance with customary practice. Notwithstanding the foregoing, the Manager shall not enter into any contract, arrangement or understanding with respect to the Strategic Services without the prior
approval of the Board, and the Company shall be under no obligation to accept any opportunity presented to the Company by the Manager or otherwise. 
 SECTION 2.03 Ability to Subcontract. The Manager may subcontract any of his duties and obligations hereunder to any of his Affiliates without the consent of the Company and may subcontract
certain of his duties and obligations to Persons that are not Affiliates with the prior written consent of the Company, which consent shall not be unreasonably withheld or delayed. In the event of any subcontract by the Manager, the Manager shall
promptly notify the Company thereof and shall remain fully liable for the due performance of his obligations under this Agreement. 
 SECTION 2.04 Outside Activities. The Company acknowledges that the Manager and his Affiliates may have business interests and engage in business activities in addition to those relating to the
Company, for his own account and for the accounts of others. Subject to the provisions of the Omnibus Agreement, the Manager and his Affiliates may undertake activities that may compete with the Company. The Company acknowledges that the Manager and
his Affiliates may invest and own or hold equity interests in Greater China Investments, and that such interests may be significant. The Company also acknowledges that (a) GC Intermodal and its Subsidiaries plan to engage in activities
competitive with the activities of the Company and its Subsidiaries, including the Business and the investment in, and ownership and operation of, Container Vessels and (b) Tiger Management Limited and certain of its Subsidiaries intend to
provide certain services to Greater China Investments in connection with the activities of Greater China Investments. Such activities shall not constitute a breach of this Agreement. The Company agrees that the Manager shall have no obligation to
disclose to the Company or its Affiliates any confidential information of Greater China Investments or of Tiger Management Limited and its Subsidiaries. 
 SECTION 2.05 Authority of the Parties; Enforceability. Each Party represents to each of the other Parties that it is duly authorized with full power and authority to execute, deliver and
perform this Agreement and that the execution, delivery and performance of this Agreement do not and will not violate or conflict with any provision of the organizational documents of such Party. The Company represents that the engagement of the
Manager has been duly authorized by the Company and is in accordance with all governing documents of the Company. This Agreement has been duly executed and delivered by such Party, or an authorized Representative of such Party, and constitutes a
legal, valid and binding obligation of such Party, enforceable against such Party in accordance with the terms hereof. 

  
 7 

 SECTION 2.06 Manager Representations. The Manager hereby represents and warrants
to the Company as of the date hereof as follows: 
 (a) The Manager has the requisite authority to enter into this Agreement and
to perform his obligations hereunder. 
 (b) This Agreement has been duly executed and delivered by the Manager, or an
authorized Representative of the Manager, and constitutes a legal, valid and binding obligation of the Manager, enforceable against the Manager in accordance with the terms hereof. 

(c) No material consent, waiver, approval or authorization of, or filing, registration or qualification with, or notice to, any
Governmental Authority or any other Person is required to be made, obtained or given by the Manager in connection with the execution, delivery and performance of this Agreement by the Manager. The execution and delivery of this Agreement by the
Manager do not, and the performance by the Manager of his obligations under this Agreement will not, (i) conflict with, in any material respect, any other contract, agreement or arrangement to which the Manager is a party or by which he is or
his assets are bound or (ii) violate in any material respect any provision of, or result in a material breach of, any Applicable Law. 
 (d) Neither the Manager nor any of his Affiliates is a party to any Legal Action nor is the Manager aware of any threatened Legal Action involving the Manager or his Affiliates, that would reasonably be
expected to interfere with the Manager’s ability to fulfill his obligations under this Agreement. 
 (e) The Manager is not
insolvent, has not filed or had filed against him a petition in bankruptcy, has not made an assignment for the benefit of his creditors or otherwise had a receiver or trustee appointed with respect to his properties or affairs and has not incurred
any obligations or liabilities, contingent or otherwise, which would cause him to become insolvent. 
 ARTICLE III

 STRATEGIC SERVICES 
 SECTION 3.01 Strategic Services. The Manager shall provide the following services (collectively, the “Strategic Services”) to the Company: 

(a) identifying, negotiating and securing opportunities for the Company or its controlled Affiliates to acquire or to construct vessels,
and negotiating and carrying out the purchase of both new and used vessels; 
 (b) identifying, negotiating and securing
potential divestitures or dispositions of any of the Vessel Assets; 
 (c) negotiating definitive, legally-binding agreements
providing for New Build construction (each, a “New Build Contract”) and related specifications and documentation; 

  
 8 

 (d) negotiating agreements for the purchase, acquisition or sale of any Vessel (including,
in the case of a sale transaction, whether such transaction is effected as an acquisition or disposition of such assets directly or of the equity of an entity owning such assets or otherwise) (each, a “Purchase or Sale Contract”)
and related documentation; and 
 (e) such other strategic, financial, business development and advisory services as may
reasonably be requested by the Company and agreed to by the Manager from time to time. 
 SECTION 3.02 Manager’s
Personnel. The Manager shall provide the Strategic Services hereunder through the Manager’s Personnel, unless otherwise agreed by the Company. The Manager shall be responsible for all aspects of the employment or other relationship of such
Manager’s Personnel as required in order for the Manager to perform his obligations hereunder, including recruitment, training, compensation and benefits, supervision, discipline and discharge, and other terms and conditions of employment or
contract. However, the Manager shall remain directly responsible and liable to the Company to carry out all of his obligations under this Agreement, whether performed directly or subcontracted to any other Person. 

SECTION 3.03 Covenants of the Manager. The Manager hereby agrees and covenants with the Company that, for so long as this
Agreement is effective, the Manager shall in all material respects: 
 (a) obtain professional indemnity insurance and other
insurance and maintain such coverage as is reasonable having regard to the nature and extent of the Manager’s obligations under this Agreement; 
 (b) exercise all due care, skill and diligence in carrying out his duties under this Agreement as required by Applicable Law; 
 (c) provide the Company with all information in relation to the performance of the Manager’s obligations under this Agreement as the Company may reasonably request; 

(d) ensure that all material property of the Company is clearly identified as such, held separately from property of the Manager and,
where applicable, in safe custody; and 
 (e) ensure that all property of the Company (other than money to be deposited to any
bank account of the Company) is transferred to or otherwise held in the name of the Company or any nominee or custodian appointed by the Company. 
 ARTICLE IV 
 MANAGER’S COMPENSATION 

SECTION 4.01 Transaction Fees. In consideration for the performance of the Strategic Services, the Company shall pay to the
Manager, or his Designated Affiliate as provided for in Section 4.03, the Transaction Fees as set out below. 
 (a) In the
event that the Company (or one of its controlled Affiliates) enters into (i) a New Build Contract or (ii) a Purchase or Sale Contract, the Manager shall be entitled to 

  
 9 

 
a fee (a “Transaction Fee”) in the amount of one and one half (1.5%) percent of the aggregate consideration payable by or to the Company (or the controlled Affiliate)
pursuant to such New Build Contract or Purchase or Sale Contract, as applicable. For the avoidance of doubt, the aggregate consideration payable pursuant to any Purchase or Sale Contract for purposes of calculating the Transaction Fee hereunder
shall (x) include the aggregate amount of debt assumed by the buyer in connection with such transaction and (y) be reduced by the amount of any such Transaction Fee paid to the Manager by the applicable ship builder or Vessel purchaser or
seller, as applicable. The Transaction Fees shall be paid pursuant to this Section 4.01, regardless of whether the transaction was proposed or recommended by the Manager, an Affiliate or a third party. 

(b) The Transaction Fee shall be payable by the Company (i) with respect to a New Build Contract, incrementally and concurrently
with each installments payment made by the Company (or the controlled Affiliate) under such New Build Contract and (ii) with respect to a Purchase or Sale Contract, on the applicable closing date of the Vessel purchase or sale thereunder (each
a “Payment Date”). The Transaction Fees shall be paid in either (i) cash or (ii) a combination of cash and up to fifty (50%) percent shares of Common Stock (“Transaction Fee Shares”) as determined by
the Company in its sole discretion. The number of Transaction Fee Shares to be granted shall be based upon the SC Trading Average as of the applicable Payment Date. The Transaction Fee Shares shall be fully vested on the date of grant. 

(c) Notwithstanding any provision of this Agreement to the contrary: (i) the Transaction Fee is not and shall not be regarded
for any purpose as salary, wages, benefits nor employment remuneration on any account, but shall be regarded as wholly separate and apart therefrom and solely as business income to the Manager; and (ii) the Transaction Services are not and
shall not be regarded as being rendered by the Manager as an employee of the Company, nor in his capacity as officer of the Company, nor by virtue of his office at the Company, but as business services independently rendered to the Company by the
Manager. The Company will make the appropriate withholdings and deductions on the basis the Transaction Fees constitute business income (and not salary, wages, benefits or employment remuneration) to the Manager. Notwithstanding anything to the
contrary (including, without limitation, Article V of this Agreement), the Manager agrees to be fully responsible for and to pay when due and shall indemnify, defend and hold harmless the Company (and its agents, employees, officers, and
directors) from and against, any and all domestic and foreign federal, state, provincial and local taxes, withholdings or contributions, including interest and penalties thereon and additions thereto, and for costs and expenses (including
attorney’s fees), with respect to the Company making its withholdings and deductions on this basis on any and all Transaction Fees payable. 
 (d) The Manager must be providing services under this Agreement on the date on which the New Build Contract or Purchase or Sale Contract is entered into but need not be providing services on the Payment
Date to receive payment of the Transaction Fees in accordance with this Section 4.01. 
 (e) In no event shall any
Transaction Fee be payable in connection with the transactions resulting in a Change of Control. Following a Change of Control, Manager shall continue to receive Transaction Fees (with respect to Transactions occurring prior to and following the
Change of Control) in accordance with this Section 4.01. 

  
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 (f) Notwithstanding anything to the contrary, the amount of the Transaction Fee paid by the
Company in connection with a Transaction shall be reduced (but not below zero) by the amount of any similar fee paid by the Company in connection with such Transaction to an investment banking firm of nationally-recognized standing in the United
States or Canada, which firm is retained with the approval of the Board, including in such approval a majority of the independent members of the Board. 
 (g) Registration Rights. 
 (i) Within 15 days of this Agreement, the
Company shall register the Transaction Fee Shares under a Form S-8 registration statement filed with the U.S. Securities and Exchange Commission. In the event that the Manager, or a permitted assignee or successor of the Manager to whom
Transaction Fees are owed, becomes ineligible to receive Company securities that have been registered under a Form S-8 registration statement, the Transaction Fees paid by the Company in shares of Common Stock shall be paid in un-registered
Transaction Fee Shares. 
 (ii) Promptly following the date hereof the Company and the Manager shall enter into a Registration
Rights Agreement in substantially the form attached hereto as Exhibit A. 
 (h) Legends/Stop Orders. The
Manager acknowledges and agrees that the Company shall be entitled to place legends on the certificates representing any of the Transaction Fee Shares and/or stop orders with the transfer agent of the Company with respect to any of the Transaction
Fee Shares. 
 SECTION 4.02 Reimbursement for Costs and Expenses. The Company shall reimburse the Manager for all
reasonable out-of-pocket costs and expenses incurred by the Manager and any of the Manager’s Personnel in connection with providing the Strategic Services to the Company. It is understood and agreed that the Manager shall not be reimbursed for
(i) personnel expenses or any other general and administrative overhead expenses, or (ii) for any costs or expenses relating to consultants and subcontractors, all of which shall be for Manager’s account. The Manager shall invoice the
Company on a monthly basis and shall provide a description in reasonable detail of such costs and expenses (and, at the request of the Company, supporting documentation). The Company shall pay such amount within 15 days of receipt unless the invoice
is being disputed in accordance with this Agreement. In the event of a dispute over any invoiced amount, the Company shall pay the undisputed portion of such invoice and provide an explanation of the basis for the dispute. Any amount not paid when
due shall accrue interest at a rate of twelve percent (12%) per annum until paid in full. The Manager shall maintain a record of costs and expenses incurred, including any invoices, receipts and supplementary materials as are necessary or
proper for the settlement of accounts between the Parties. 
 SECTION 4.03 Direction to Pay. By written notice to
the Company, the Manager may direct the Company to pay any cash amounts owing under this Agreement to any Affiliate of the Manager who is entitled to receive such amounts in exchange for performing 

  
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services under this Agreement (a “Designated Affiliate”) and the payment of such amount shall satisfy the Company’s obligation with respect to such amount under this
Agreement. 
 ARTICLE V 
 LIABILITY OF THE MANAGER; INDEMNIFICATION 
 SECTION 5.01 Liability
of the Manager. The Manager and his Affiliates, and each of their respective directors, officers, employees, agents and Representatives (collectively, the “Manager Group”) shall not be liable whatsoever to the Company for any
Losses incurred or suffered by the Company of whatsoever nature, whether direct or indirect, and arising from the Strategic Services unless and only to the extent that such Losses are determined in a final, non-appealable judgment by a court of
competent jurisdiction to have resulted from the fraud, gross negligence, recklessness or willful misconduct of any member of the Manager Group (“Manager Misconduct”). 

SECTION 5.02 Limitation on Liability. In all cases arising from the provision of Strategic Services to the Company hereunder,
other than cases involving Manager Misconduct, the Manager Group’s aggregate liability for each incident or series of incidents giving rise to a claim or claims shall not exceed the aggregate Transaction Fees paid to the Manager and his
Designated Affiliates by the Company and its Affiliates hereunder. 
 SECTION 5.03 Manager Indemnification. The
Company shall indemnify and hold harmless each member of the Manager Group (the “Manager Indemnified Persons”) from and against any and all Losses incurred or suffered by the Manager Indemnified Persons by reason of, resulting from,
in connection with, or arising in any manner whatsoever out of or in the course of their performance of Strategic Services under this Agreement to or for the benefit of the Company or a Legal Action brought or threatened against such Manager
Indemnified Persons in connection with their performance of Strategic Services under this Agreement for the benefit of the Company, including, without limitation, all actions, proceedings, claims, demands or liabilities brought under or relating to
the environmental laws, regulations or conventions of any jurisdiction, or otherwise relating to pollution of the environment, and against and in respect of all costs and expenses (including reasonable legal costs and expenses) they may suffer or
incur due to defending or settling same; provided, however, that such indemnity shall exclude any Losses arising out of, resulting from or related to Manager Misconduct. 

SECTION 5.04 Company Indemnification. The Manager shall indemnify and hold harmless the Company and its directors, officers,
employees, members, managers, shareholders, partners, Representatives, advisors, attorneys, accountants, agents, subcontractors and Affiliates, and their respective successors and assigns (collectively, the “Company Indemnified
Persons”) from and against any and all Losses incurred or suffered by such Company Indemnified Persons arising out of, resulting from or related to Manager Misconduct. 
 ARTICLE VI 
 TERM AND TERMINATION 

SECTION 6.01 Term. The term during which the Manager shall provide Strategic Services hereunder (the “Term”)
shall commence on the expiration or termination of 

  
 12 

 
the Employment Period and end upon the expiration of the ROFR Period unless this Agreement is terminated earlier pursuant to Section 6.02. 

SECTION 6.02 Termination. Notwithstanding anything in Section 6.01 to the contrary, this Agreement may be terminated
prior to the end of the Term: 
 (a) by the mutual written consent of each of the Company and the Manager; 

(b) by either the Company or the Manager (the “Non-Breaching Party”) if there has been a material breach of or default
under this Agreement by the other Party (the “Breaching Party”) which has not been cured within 30 days following delivery of a written notice from the Non-Breaching Party to the Breaching Party to cure such breach; provided
that if such breach is incapable of cure within 30 days but is capable of cure within 90 days, the right to terminate pursuant to this Section 6.02 (b) shall only arise if the Breaching Party fails to initiate the cure within such 30-day
period and thereafter to diligently prosecute such cure to completion and actually cure such breach within such 90-day period; for the purposes of this Section 6.02 (b), a breach of Section 7.01 by the Manager shall be deemed a material
breach; 
 (c) by the Company if the Manager becomes insolvent, files or has filed against it a petition in bankruptcy, makes an
assignment for the benefit of his creditors or otherwise has a receiver or trustee appointed with respect to his properties or affairs or incurs any obligations or liabilities, contingent or otherwise, which could cause it to become insolvent; and

 (d) by the Manager upon a Change of Control. 
 SECTION 6.03 Effects of Termination or Expiry of this Agreement. Upon termination or expiry of this Agreement, this Agreement will be void and there shall be no liability on the part of any
Party (or their respective officers, directors or employees) except that the following shall survive such termination: (i) the obligation of the Company to pay to the Manager or his Designated Affiliates any then accrued but outstanding
Transaction Fees under Article IV, (ii) the obligations of the Company with respect to the Transaction Fee Shares pursuant to Article IV, (iii) the obligations of the Manager under Section 4.01 (c) and (iv) the
terms and conditions set forth in Article V (Liability of the Manager; Indemnification) and Section 7.03 (Confidentiality), Section 7.04 (Notices), Section 7.05 (Third Party Rights), Section 7.07 (Severability),
Section 7.08 (Governing Law and Jurisdiction), Section 7.10 (Amendment), Section 7.12 (Waiver) and Section 7.14 (Resignation). 
 SECTION 6.04 Effects of Transfer. This Agreement shall, subject to Section 6.02 , be binding upon, and inure to the benefit of, any successor of the Company; provided,
however, that for the avoidance of doubt, if the Company effects a Transfer of any assets of the Company, including Vessel Assets, and this Agreement does not continue as to such assets, the Company will pay to the Manager the aggregate
amount of any accrued but unpaid Transaction Fees attributable to such assets. 
 ARTICLE VII 

GENERAL 

SECTION 7.01 Assignment. 

  
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 (a) Except as otherwise provided herein, (i) the Company may not assign any of its
rights under this Agreement, in whole or in part, without the prior written consent of the Manager and (ii) the Manager may not assign any of his rights under this Agreement, in whole or in part, without the prior written consent of the
Company, in each case, which consent may be arbitrarily withheld. 
 (b) Notwithstanding Section 7.01 (a), (i) the
Company may, without the Manager’s consent, assign its rights and obligations hereunder to any of its controlled Affiliates or, in connection with a Change of Control, to the successor Entity in the Change of Control and (ii) the Manager
may, without the Company’s consent but with prompt notice to the Company, assign his rights and obligations hereunder to any of his Affiliates and any entity which Gerry Wang and/or Graham Porter and their Affiliates, collectively or
individually, (A) Control or (B) beneficially own over fifty percent (50%) of the equity interests in and Voting Securities of. 
 SECTION 7.02 Force Majeure. Neither of the Parties shall be under any liability for any failure to perform any of their obligations hereunder if any of the following occurs (each a
“Force Majeure Event”): 
 (a) any event, cause or condition which is beyond the reasonable control of any or
all of the Parties and which prevents any or all of the Parties from performing any of its obligations under this Agreement; 

(b) acts of God, including fire, explosions, unusually or unforeseeably bad weather conditions, epidemic, lightening, earthquake, tsunami
or washout; 
 (c) acts of public enemies, including war or civil disturbance, vandalism, sabotage, terrorism, blockade or
insurrection; 
 (d) acts of a governmental entity, including injunction or restraining orders issued by any judicial,
administrative or regulatory authority, expropriation or requisition; 
 (e) government rule, regulation or legislation, embargo
or national defence requirement; or 
 (f) labor troubles or disputes, strikes or lockouts, including any failure to settle or
prevent such event which is in the control of any Party. 
 A Party shall give written notice to the other Party promptly upon the occurrence of
a Force Majeure Event. 
 SECTION 7.03 Confidentiality. Each Party agrees that, except with the prior written
consent of the other Party, it shall at all times keep confidential and not disclose, furnish or make accessible to anyone (except to employees, agents and professional advisors in the ordinary course of business) any confidential or proprietary
information, knowledge or data concerning or relating to the other Party and to the business or financial affairs of the other Party to which such Party has been or shall become privy by reason of this Agreement, except for any (a) disclosure
required by judicial or administrative process (including discovery for litigation), (b) information that becomes publicly available through no fault of such Party or otherwise 

  
 14 

 
ceases to be confidential, (c) information required by law or applicable stock exchange rules to be disclosed, or (d) disclosure made to a Person under a binding confidentiality
agreement in favor of the Party whose confidential or proprietary information is being disclosed. 
 SECTION 7.04
Notices. Each notice, consent or request required to be given to a Party pursuant to this Agreement must be given in writing. All notices and other communications provided for or permitted hereunder will be deemed to have been duly given and
received when delivered by overnight courier or hand delivery, or when sent by fax (receipt confirmed), to the address or fax number set forth below: 
 If to the Company, at: 
 Unit 2 – 7th Floor, Bupa Centre 

141 Connaught Road West 
 Hong Kong 
 Fax: (604) 638 2595 

Attention: Corporate Secretary 
 With a copy to: 
 Perkins Coie LLP 

1120 NW Couch Street, 10th Floor 
 Portland, OR 97209-4128 
 Fax: (503) 727-2222 

Attention: David Matheson 
 If to the Manager, at: 
 Gerry Wang 

c/o Seaspan Ship Management Limited 
 200 Granville Street, Suite 2600 
 Vancouver, B.C., Canada V6C 1S4 

Fax: (604) 638 2595 
 With a copy to: 
 Shearman & Sterling LLP 

599 Lexington Avenue 
 New York, NY 10022 
 Fax: (646) 848-8150 

Attention: John J. Cannon 
 or
to any other address, fax number or individual that the Party designates. Any notice: 
 (a) if validly delivered on a Business
Day, shall be deemed to have been given when delivered or, if delivered on a non-Business Day, shall be deemed to have been given on the next Business Day; 

  
 15 

 (b) if validly transmitted by fax before 5:00 p.m. (local time at the place of receipt) on a
Business Day, shall be deemed to have been given on that Business Day; and 
 (c) if validly transmitted by fax after 5:00 p.m.
(local time at the place of receipt) on a Business Day or at any time on any non-Business Day, shall be deemed to have been given on the Business Day after the date of the transmission. 

SECTION 7.05 Third Party Rights. The provisions of this Agreement are enforceable solely by the Parties to this Agreement,
and no member, shareholder, partner, director, manager, employee, agent or representative of any Party or any other Person shall have the right, separate and apart from the Parties hereto, to enforce any provision of this Agreement or to compel any
Party to this Agreement to comply with the terms of this Agreement. Notwithstanding the foregoing, any Manager Indemnified Person or Company Indemnified Person may enforce the provisions of Article V. 

SECTION 7.06 No Partnership. Nothing in this Agreement is intended to create or shall be construed as creating a partnership
or joint venture, and this Agreement shall not be deemed for any purpose to constitute any Party a partner of any other Party to this Agreement in the conduct of any business or otherwise or as a member of a joint venture or joint enterprise with
any other Party to this Agreement. 
 SECTION 7.07 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 7.07, the basic intentions of the Parties in this Agreement are entirely frustrated, the Parties shall use reasonable best efforts to amend, supplement or otherwise vary this Agreement to confirm their
mutual intention in entering into this Agreement. 
 SECTION 7.08 Governing Law and Jurisdiction. 

(a) Governing Law. This Agreement is governed exclusively by, and is to be enforced, construed and interpreted exclusively in
accordance with, the laws of Hong Kong without giving effect to any conflict or choice of laws provisions thereof. 

  
 16 

 (b) Consent to Jurisdiction; Waiver of Trial by Jury. 

(i) The Manager and the Company each irrevocably and unconditionally submits, for itself and its property, to the jurisdiction of the
Tribunals and Courts of Hong Kong, in any action or proceeding arising out of or relating to this Agreement or the agreements delivered in connection herewith or the transactions contemplated hereby or thereby or for recognition or enforcement of
any judgment relating thereto, and each of the Parties hereby irrevocably and unconditionally (i) agrees not to commence any such action or proceeding except in such courts, (ii) agrees that any claim in respect of any such action or
proceeding may be heard and determined in Hong Kong, (iii) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any such action or proceeding in Hong
Kong, and (iv) waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in Hong Kong. The Manager and the Company each agrees that a final judgment in any such action
or proceeding will be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. The Manager and the Company each irrevocably consents to service of process in the manner provided for giving
notices in Section 7.04. Nothing in this Agreement will affect the right of the Manager or the Company to serve process in any other manner permitted by law. 
 (c) TO THE FULLEST EXTENT PERMITTED BY LAW, EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR THE PROVISION OF SERVICES CONTEMPLATED HEREBY. 
 SECTION 7.09 Binding
Effect. This Agreement is binding upon and inures to the benefit of the Parties hereto and their successors but shall not be assignable except as provided in Section 7.01. 

SECTION 7.10 Amendment. No amendment, supplement or restatement of any provision of this Agreement will be binding unless it
is in writing and signed by the Manager and the Company. 
 SECTION 7.11 Entire Agreement. This Agreement
constitutes the entire agreement among the Parties pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. 
 SECTION 7.12 Waiver. No failure by any Party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent
upon a breach thereof shall constitute a waiver of any such breach or of any other covenant, duty, agreement or condition. 

SECTION 7.13 Counterparts. This Agreement may be executed in any number of counterparts with the same effect as if all
signatories had signed the same document. All counterparts will be construed together and constitute the same instrument. This Agreement may be executed and delivered by facsimile or as a .pdf file attached to electronic mail. 

  
 17 

 SECTION 7.14 Resignation. If at any time following the expiration or termination
of the ROFR Period the Board requests that the Manager tender his resignation as a director of the Company, the Manager shall promptly tender his resignation with immediate effect. 

[Remainder of Page Intentionally Left Blank] 

  
 18 

 IN WITNESS WHEREOF, this Agreement has been duly executed by the Parties hereto as of the
date first set forth above. 
  

	
	GERRY WANG
	
	 /s/ Gerry Wang

	Gerry Wang

 
			
	SEASPAN CORPORATION
		
	By:	 	 /s/ Sai W. Chu

	Name: Sai W. Chu
	Title: Chief Financial Officer

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