Common use of Aktiengesellschaft Clause in Contracts

Aktiengesellschaft. Corporate Banking Structured Export and Trade Finance Ka▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (as Hermes agent) and the following as lenders: Global Shipping Do▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Pa▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/2944 Attn: ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇/Ms ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇/▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ Pa▇▇▇▇▇▇ ▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Fax: +▇▇▇▇ ▇▇▇▇▇▇▇ Attn: ▇▇▇/▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ Project and Export Finance 8 ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Project and Export Finance 8 ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ (as trustee and agent) Corporate Banking Structured Export and Trade Finance Ka▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (as Hermes agent) and the following as lenders: Global Shipping Do▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Project and Export Finance

Aktiengesellschaft. Corporate Banking Structured Export and Trade Finance Ka▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (as Hermes agent) and the following as lenders: COMMERZBANK AKTIENGESELLSCHAFT Global Shipping Do▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ PaHSBC BANK PLC Project and Export Finance ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/2944 Attn: ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇/Ms ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇/▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ Pa▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Fax: +▇▇▇▇ ▇▇▇▇▇▇▇ Attn: ▇▇▇/▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Tonjum Email: ▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇.▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ Project and Export Finance 8 ▇▇▇▇Singapore Branch ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ #▇▇-▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ (▇)▇▇▇ ▇▇▇▇/▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇ ▇▇▇ ▇▇▇▇ Lan/▇▇ ▇▇▇▇▇▇ ▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany Fax: +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Project and Export Finance 8 ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ (as trustee and agent) Corporate Banking Structured Export and Trade Finance Ka▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇-▇▇▇.▇▇▇ with a copy to: Fax: +▇▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇ ▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇@▇▇-▇▇▇.▇▇▇/▇▇▇▇.▇▇▇@▇▇-▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Knoff Email: ▇▇▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Knoff Email: ▇▇▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇.▇▇ (as Hermes security agent and agent) and the following as lenders: Global Shipping Do▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇// ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Project ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇/▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Tonjum Email: ▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇/▇▇▇▇▇▇.▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/2944 Attn: ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇/Ms ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇/▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ Middelthuns gate ▇▇ ▇▇▇▇ ▇ ▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Marine Finance Second Floor New Uberior House ▇▇ ▇▇▇▇ ▇▇▇▇ Street Edinburgh EH3 9BN Scotland Fax: +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇/▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇_▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇ (formerly known as Bayerische Hypo- und Vereinsbank AG) ▇▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/+▇▇ ▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ Wunner/ Mr ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇-▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇/ ▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇ Bremen and Export Finance▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇ Attn: Dr ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (being the Norwegian branch of Danske Bank A/S) ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇ ▇ ▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇/▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Braein Email: ▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇/ ▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇-▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇-▇▇▇▇▇▇▇▇.▇▇▇ Fax: +▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇ Email: ▇▇▇▇▇▇.▇▇▇@▇▇▇-▇▇▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇ ▇▇-▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇/▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇.▇▇/ ▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇.▇▇ EUR126,075,000 Credit Agreement dated November [ ] 2010 as amended and/or restated ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Ship ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ Middelthunsgate 17 ▇ ▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Global Shipping ▇▇▇▇▇▇▇▇▇▇ ▇ D – ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇. Knoff Email: ▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/ 2944 Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇.▇▇ ▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇ ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ And each other Secured Creditor under and as defined in the Credit Agreement. [*]: THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION. Dated [—] 2010 1. INTERPRETATION 1 2. COVENANT TO PAY 6 3. LEGAL ASSIGNMENT 6 4. THE CONTRACT 7 5. CONTINUING SECURITY 8 6. REPRESENTATIONS AND WARRANTIES 10 7. UNDERTAKINGS 12 8. FURTHER ASSURANCE 13 9. ENFORCEMENT OF SECURITY 13 10. RECEIVERS 14 11. APPLICATION OF PROCEEDS 15 12. POWER OF ATTORNEY 15 13. RELEASE OF THE SECURITY 15 14. PAYMENTS 15 15. WAIVERS AND REMEDIES 16 16. ADDITIONAL PROVISIONS 16 17. ASSIGNMENT 17 18. NOTICES 17 19. GOVERNING LAW 19 20. COUNTERPARTS AND EFFECTIVENESS 20 SCHEDULE 1 FORMS OF NOTICE OF ASSIGNMENT 21 SCHEDULE 2 FORMS OF ACKNOWLEDGMENT OF ASSIGNMENT 31 SCHEDULE 3 DETAILS OF REFUND GUARANTEES 41 THIS ASSIGNMENT is dated [—] 2010

Aktiengesellschaft. Corporate Banking Structured Export and Trade Finance Ka▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (as Hermes agent) and the following as lenders: Global Shipping Do▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ PaProject and Export Finance ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/2944 Attn: ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇/Ms ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇/▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ Pa▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Fax: +▇▇▇▇ ▇▇▇▇▇▇▇ Attn: ▇▇▇/▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Tonjum Email: ▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇.▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany Fax: +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany Fax: +▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇-▇▇▇.▇▇▇ with a copy to: Fax: +▇▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇ ▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇@▇▇-▇▇▇.▇▇▇/▇▇▇▇.▇▇▇@▇▇-▇▇▇.▇▇▇ Project and Export Finance 8 ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Project and Export Finance 8 ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ (as trustee and agent) Corporate Banking Structured Export and Trade Finance Ka▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (as Hermes agent) and the following as lenders: Global Shipping Do▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Project and Export FinanceFinance ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/2944 Attn: ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇/Ms ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇/▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ Project and Export Finance ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Project and Export Finance ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ (as trustee and agent)

Aktiengesellschaft. Corporate Banking Structured Export and Trade Finance Ka▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (as Hermes agent) and the following as lenders: Global Shipping Do▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Pa▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/2944 Attn: ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇/Ms ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇/▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ Pa▇▇▇▇▇▇▇▇ ▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Fax: +▇▇▇▇ ▇▇▇▇▇▇▇ Attn: ▇▇▇/▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ Project and Export Finance 8 ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Project and Export Finance 8 ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ (as trustee and agent) Corporate Banking Structured Export and Trade Finance Ka▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (as Hermes agent) and the following as lenders: Global Shipping Do▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Project and Export FinanceFinance ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/2944 Attn: ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇/Ms ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇/▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇/▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Tonjum Email: ▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇/▇▇▇▇▇▇.▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ Singapore Branch ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ #▇▇-▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇▇▇ ▇▇▇▇/6532 5347 Attn: ▇▇ ▇▇▇ ▇▇▇▇ Lan/▇▇ ▇▇▇▇▇▇ ▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany Fax: +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany Fax: +▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇-▇▇▇.▇▇▇ with a copy to: Fax: +▇▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇ ▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇@▇▇-▇▇▇.▇▇▇/▇▇▇▇.▇▇▇@▇▇-▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Knoff Email: ▇▇▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Knoff Email: ▇▇▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇.▇▇ (as security agent and agent) and the following as lenders: Global Shipping ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇/▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Tonjum Email: ▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇/▇▇▇▇▇▇.▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/2944 Attn: ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇/Ms ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇/▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ Middelthuns gate ▇▇ ▇▇▇▇ ▇ ▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Marine Finance Second Floor New Uberior House ▇▇ ▇▇▇▇ ▇▇▇▇ Street Edinburgh EH3 9BN Scotland Fax: +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇/▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇_▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇ (formerly known as Bayerische Hypo- und Vereinsbank AG) ▇▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/+▇▇ ▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ Wunner/Mr ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇-▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇/▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇ Bremen and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇ Attn: Dr ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (being the Norwegian branch of Danske Bank A/S) ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇ ▇ ▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇/▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Braein Email: ▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇/▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇-▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇-▇▇▇▇▇▇▇▇.▇▇▇ Fax: +▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇ Email: ▇▇▇▇▇▇.▇▇▇@▇▇▇-▇▇▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇ ▇▇-▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇/▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇.▇▇/ ▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇.▇▇ EUR126,075,000 Credit Agreement dated November [ ] 2010 as amended and/or restated from time to time ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Ship ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ As Trustee for: Middelthunsgate 17 ▇ ▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Global Shipping ▇▇▇▇▇▇▇▇▇▇ ▇ D – ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇. Knoff Email: ▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Ship ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ And each other Secured Creditor under and as defined in the Credit Agreement. We, NCL (BAHAMAS) LTD., a company incorporated in and existing under the laws of Bermuda whose registered office is at ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇, Bermuda, the bareboat charterer of the motor vessel “NORWEGIAN JADE” (the “Vessel”), hereby give notice that by a fourth deed of assignment and subordination dated 2010, entered into by us with (1) PRIDE OF HAWAII, LLC and (2)KFW IPEX-Bank GmbH of ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ as trustee for certain secured parties (the “Assignee”), and in consideration of (a) certain secured parties making certain facilities available to the Owner pursuant to a credit agreement, any interest rate protection agreement and/or any other hedging agreement, (b) payment by the Assignee to us of ten Dollars (USD10) and (c) other good and valuable consideration from the Assignee to us (the adequacy and receipt whereof we hereby acknowledge), and as security for payment of the obligations under the credit document and related agreements, we have assigned, and granted a fourth priority security interest in and to, absolutely all our right and title to and interest in all insurances in respect of the Vessel, including the insurances constituted by the policy on which this notice is endorsed. Please note that this Notice may not be revoked or varied without the prior written consent of the Assignee. By: Title: Date: 2010 To: [ASSIGNEE] [ ] as trustee Dear Sirs

Aktiengesellschaft. Corporate Banking Structured Export and Trade Finance Ka▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (as Hermes agent) and the following as lenders: Global Shipping Do▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Pa▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/2944 Attn: ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇/Ms ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇/▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ Pa▇▇▇▇▇▇▇▇ ▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Fax: +▇▇▇▇ ▇▇▇▇▇▇▇ Attn: ▇▇▇/▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ Project and Export Finance 8 ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Project and Export Finance 8 ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ (as trustee and agent) Corporate Banking Structured Export and Trade Finance Ka▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (as Hermes agent) and the following as lenders: Global Shipping Do▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇f of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Project and Export FinanceFinance ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Fax: +▇▇ (▇)▇▇ ▇▇▇▇ ▇▇▇▇ Attn: Mr ▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇.▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany Fax: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇/2944 Attn: ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇/Ms ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇/▇▇▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇/▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Tonjum Email: ▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇/▇▇▇▇▇▇.▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ Singapore Branch ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ #▇▇-▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇▇▇ ▇▇▇▇/6532 5347 Attn: ▇▇ ▇▇▇ ▇▇▇▇ Lan/▇▇ ▇▇▇▇▇▇ ▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany Fax: +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany Fax: +▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇-▇▇▇.▇▇▇ with a copy to: Fax: +▇▇▇ ▇▇▇▇ ▇▇▇▇ Attn: ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇/▇▇ ▇▇▇▇ ▇▇▇ Email: ▇▇▇▇▇▇▇.▇▇▇▇@▇▇-▇▇▇.▇▇▇/▇▇▇▇.▇▇▇@▇▇-▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Knoff Email: ▇▇▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇.▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Fax: +▇▇ ▇▇ ▇▇▇▇▇▇ Attn: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Knoff Email: ▇▇▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇.▇▇ (as security agent and agent) and the following as lenders: Global Shipping ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇