Common use of Incorporation of the Loan Agreement provisions Clause in Contracts

Incorporation of the Loan Agreement provisions. The provisions of clause 30 (Law and Jurisdiction) of the Loan Agreement, as amended and supplemented by this Agreement, shall apply to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. THIS AGREEMENT has been duly executed as a Deed on the date stated at the beginning of this Agreement. BORROWERS EXECUTED as a DEED ) by EMPIRE SPIRIT LTD. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by INDEPENDENT TRADER LTD. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by TRIATHLON INC. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by SOLEIL TRUST INC. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by JUNGLE INVESTMENT LIMITED ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by NORTHERN YIELD SHIPPING LIMITED ) acting by ) its duly authorised attorney-in-fact ) LENDER EXECUTED as a DEED ) by DnB NOR BANK ASA ) acting by ) its duly authorised attorney-in-fact ) Witness to all the above ) Signatures: ) Name: RONAN LE DÛ Address: Ince & Co Xxxx Xxxxxxx 00-00 Xxxxxxx 000 00 Xxxxxx We on this 30 day of January, 2007 hereby confirm and acknowledge that we have read and understood the terms and conditions of the above Second Supplemental Agreement and agree in all respects to the same and confirm that the Finance Documents to which we are a party shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrowers under the Loan Agreement (as amended by the Second Supplemental Agreement) and shall, without limitation, secure the Loan (as increased or to be increased by the amount of Tranche D), and we further acknowledge that Xxxxxxx & Co of Xxx Xxxxx Xxxx, London EC2V 8AE, England have been appointed as agent to receive and accept any process or other document relating to any proceedings in the English courts which are connected with the Loan Agreement and the Finance Documents. For and on behalf of For and on behalf of XXXXXX FINANCE INC. QUINTA TRADING CO. For and on behalf of For and on behalf of DREW INTERNATIONAL INC. REINA PROPERTIES CORP. For and on behalf of For and on behalf of STEALTHGAS INC. BALKAN HOLDING INC. For and on behalf of BALCAN PROFIT LIMITED DRAWDOWN NOTICE To: DnB NOR BANK ASA 00 Xx Xxxxxxx’x Xxxx, London EC3R 8HY Attention: 30th, January 2007 DRAWDOWN NOTICE 1 We refer to the loan agreement dated 5 December 2005 (as supplemented and amended by a supplemental agreement dated 27 February 2006 and a second supplemental agreement dated January 2007 the “Loan Agreement”) and made between us as Borrowers and you as Lender in connection with a loan facility of $84,317,500. Terms defined in the Loan Agreement have their defined meanings when used in this Drawdown Notice.

Incorporation of the Loan Agreement provisions. The provisions of clause 30 Clause 41 (Law and Jurisdiction) of the Loan Agreement, as amended and supplemented by this Supplemental Agreement, shall apply to this Supplemental Agreement as if they were expressly incorporated in this Supplemental Agreement with any necessary modificationsmedications. THIS AGREEMENT This Supplemental Agreement has been duly executed as a Deed by or on behalf of the parties and has, on the date stated at the beginning of this Agreement. BORROWERS EXECUTED Deed, been delivered as a DEED ) by EMPIRE SPIRIT LTDDeed. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by INDEPENDENT TRADER LTD. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by TRIATHLON INC. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by SOLEIL TRUST INC. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by JUNGLE INVESTMENT LIMITED ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by NORTHERN YIELD SHIPPING LIMITED ) acting by ) its duly authorised attorney-in-fact ) LENDER EXECUTED as a DEED ) by DnB NOR BANK ASA ) acting by ) its duly authorised attorney-in-fact ) Witness to all the above ) SignaturesSCHEDULE A: ) Name: RONAN LE DÛ Address: Ince & Co Xxxx Xxxxxxx 00-00 Xxxxxxx 000 00 Xxxxxx We on this 30 day of January, 2007 hereby confirm and acknowledge that we have read and understood the terms and conditions of the above Second Supplemental Agreement and agree in all respects to the same and confirm that the Finance Documents to which we are a party shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrowers under the Loan Agreement (as amended by the Second Supplemental Agreement) and shall, without limitation, secure the Loan (as increased or to be increased by the amount of Tranche D), and we further acknowledge that Xxxxxxx & Co of Xxx Xxxxx Xxxx, London EC2V 8AE, England have been appointed as agent to receive and accept any process or other document relating to any proceedings in the English courts which are connected with the Loan Agreement and the Finance Documents. For and on behalf of For and on behalf of XXXXXX FINANCE INC. QUINTA TRADING CO. For and on behalf of For and on behalf of DREW INTERNATIONAL INC. REINA PROPERTIES CORP. For and on behalf of For and on behalf of STEALTHGAS INC. BALKAN HOLDING INC. For and on behalf of BALCAN PROFIT LIMITED DRAWDOWN EXCESS CASH FLOW NOTICE To: DnB NOR BANK ASA 00 Xx Xxxxxxx’x Xxxx, London EC3R 8HY AttentionFrom: 30th, January 2007 DRAWDOWN NOTICE 1 Dated: Dear Sirs Loan Agreement dated 25 June 2014 as amended and supplemented (the "Agreement") We refer to the loan agreement dated 5 December 2005 (as supplemented and amended by a supplemental agreement dated 27 February 2006 and a second supplemental agreement dated January 2007 the “Loan Agreement”) and made between us as Borrowers and you as Lender in connection with a loan facility of $84,317,500. This is an Excess Cash Flow Notice. Terms defined in the Loan Agreement have their defined meanings the same meaning when used in this Drawdown Excess Cash Flow Notice unless given a different meaning in this Excess Cash Flow Notice.. We confirm that the Excess Cash Flow is $ based on the following calculation: Gross Earnings: ($ ) less voyage expenses: ] ($[ ]) less Operating Expenses: [ ] ($[ ]) less Debt Service: [ ] ($[ ]) total Excess Cash Flow: [ ] ($[ ]) BORROWERS SIGNED by ) for and on behalf of ) EIRINI SHIPPING LTD ) in the presence of: ) SIGNED by ) for and on behalf of ) ELENI SHIPPING LIMITED ) in the presence of: ) GUARANTORS SIGNED by ) for and on behalf of ) XINGANG SHIPPING LTD ) in the presence of: ) SIGNED by ) for and on behalf of ) XXXXXX MARITIME LTD ) in the presence of: ) SIGNED by ) for and on behalf of ) PANTELIS SHIPPING CORP. ) in the presence of: ) SIGNED by ) for and on behalf of ) EUROSEAS LTD ) in the presence of: ) LENDER SIGNED by ) for and on behalf of ) HSBC BANK PLC ) in the presence of: )

Incorporation of the Loan Agreement provisions. The provisions of clause 30 Clause 41 (Law and Jurisdiction) of the Loan Agreement, as amended and supplemented by this Supplemental Agreement, shall apply to this Supplemental Agreement as if they were expressly incorporated in this Supplemental Agreement with any necessary modificationsmedications. THIS AGREEMENT This Supplemental Agreement has been duly executed as a Deed by or on behalf of the parties and has, on the date stated at the beginning of this Agreement. BORROWERS EXECUTED Deed, been delivered as a DEED ) by EMPIRE SPIRIT LTDDeed. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by INDEPENDENT TRADER LTD. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by TRIATHLON INC. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by SOLEIL TRUST INC. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by JUNGLE INVESTMENT LIMITED ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by NORTHERN YIELD SHIPPING LIMITED ) acting by ) its duly authorised attorney-in-fact ) LENDER EXECUTED as a DEED ) by DnB NOR BANK ASA ) acting by ) its duly authorised attorney-in-fact ) Witness to all the above ) Signatures14 SCHEDULE A: ) Name: RONAN LE DÛ Address: Ince & Co Xxxx Xxxxxxx 00-00 Xxxxxxx 000 00 Xxxxxx We on this 30 day of January, 2007 hereby confirm and acknowledge that we have read and understood the terms and conditions of the above Second Supplemental Agreement and agree in all respects to the same and confirm that the Finance Documents to which we are a party shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrowers under the Loan Agreement (as amended by the Second Supplemental Agreement) and shall, without limitation, secure the Loan (as increased or to be increased by the amount of Tranche D), and we further acknowledge that Xxxxxxx & Co of Xxx Xxxxx Xxxx, London EC2V 8AE, England have been appointed as agent to receive and accept any process or other document relating to any proceedings in the English courts which are connected with the Loan Agreement and the Finance Documents. For and on behalf of For and on behalf of XXXXXX FINANCE INC. QUINTA TRADING CO. For and on behalf of For and on behalf of DREW INTERNATIONAL INC. REINA PROPERTIES CORP. For and on behalf of For and on behalf of STEALTHGAS INC. BALKAN HOLDING INC. For and on behalf of BALCAN PROFIT LIMITED DRAWDOWN EXCESS CASH FLOW NOTICE To: DnB NOR BANK ASA 00 Xx Xxxxxxx’x Xxxx, London EC3R 8HY AttentionFrom: 30th, January 2007 DRAWDOWN NOTICE 1 Dated: Dear Sirs Loan Agreement dated 25 June 2014 as amended and supplemented (the "Agreement") We refer to the loan agreement dated 5 December 2005 (as supplemented and amended by a supplemental agreement dated 27 February 2006 and a second supplemental agreement dated January 2007 the “Loan Agreement”) and made between us as Borrowers and you as Lender in connection with a loan facility of $84,317,500. This is an Excess Cash Flow Notice. Terms defined in the Loan Agreement have their defined meanings the same meaning when used in this Drawdown Excess Cash Flow Notice unless given a different meaning in this Excess Cash Flow Notice.. We confirm that the Excess Cash Flow is $ based on the following calculation: Gross Earnings: ($ ) less voyage expenses: ] ($[ ]) less Operating Expenses: [ ] ($[ ]) less Debt Service: [ ] ($[ ]) total Excess Cash Flow: [ ] ($[ ]) 15 EXECUTION PAGE BORROWERS SIGNED by ) for and on behalf of ) EIRINI SHIPPING LTD ) in the presence of: ) SIGNED by ) for and on behalf of ) ELENI SHIPPING LIMITED ) in the presence of: ) GUARANTORS SIGNED by ) for and on behalf of ) XINGANG SHIPPING LTD ) in the presence of: ) SIGNED by ) for and on behalf of ) XXXXXX MARITIME LTD ) in the presence of: ) SIGNED by ) for and on behalf of ) PANTELIS SHIPPING CORP. ) in the presence of: ) SIGNED by ) for and on behalf of ) EUROSEAS LTD ) in the presence of: ) LENDER SIGNED by ) for and on behalf of ) HSBC BANK PLC ) in the presence of: )

Incorporation of the Loan Agreement provisions. The provisions of clause 30 (Law law and Jurisdictionjurisdiction) of the Loan Agreement, as amended and supplemented restated by this Agreement, shall apply to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. THIS AGREEMENT has been duly executed and delivered as a Deed deed on the date stated at the beginning of this Agreement. BORROWERS SCHEDULE LENDERS Lender Lending Office Bank of Scotland plc. New Uberior House 00-00 Xxxx Xxxx Street Edinburgh EH3 9BN Scotland Dexia Bank Belgium XX/XX Xxxxxxxxxxx 00 X-0000 Xxxxxxxx Xxxxxxx Natixis 00-00 Xxxx xx xx Xxxxx 00000 Xxxxx Xxxxxx EXECUTION PAGES BORROWER EXECUTED and DELIVERED as a DEED ) by EMPIRE SPIRIT LTD. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by INDEPENDENT TRADER LTD. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by TRIATHLON PARAGON SHIPPING INC. ) acting by ) its duly authorised ) attorney-in-fact in the presence of: ) GUARANTORS EXECUTED and DELIVERED as a DEED ) by SOLEIL TRUST INCIMPERATOR I MARITIME ) COMPANY ) acting by ) its duly authorised ) attorney-in-fact in the presence of: ) EXECUTED and DELIVERED as a DEED ) by CANYON I NAVIGATION CORP. ) acting by ) its duly authorised ) attorney-in-fact in the presence of: ) LENDERS EXECUTED and DELIVERED as a DEED ) by JUNGLE INVESTMENT LIMITED BANK OF SCOTLAND PLC. ) acting by ) its duly authorised ) attorney-in-fact in the presence of: ) EXECUTED and DELIVERED as a DEED ) by NORTHERN YIELD SHIPPING LIMITED DEXIA BANK BELGIUM SA/NV ) acting by ) its duly authorised ) attorney-in-fact in the presence of: ) LENDER EXECUTED and DELIVERED as a DEED ) by DnB NOR BANK ASA NATIXIS ) acting by ) its duly authorised ) attorney-in-fact ) Witness to all in the above ) Signaturespresence of: ) Name: RONAN LE DÛ Address: Ince & Co Xxxx Xxxxxxx 00AGENT EXECUTED and DELIVERED as a DEED ) by BANK OF SCOTLAND PLC. ) acting by ) its duly authorised ) attorney-00 Xxxxxxx 000 00 Xxxxxx We on this 30 day of January, 2007 hereby confirm and acknowledge that we have read and understood the terms and conditions of the above Second Supplemental Agreement and agree in all respects to the same and confirm that the Finance Documents to which we are a party shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrowers under the Loan Agreement (as amended by the Second Supplemental Agreement) and shall, without limitation, secure the Loan (as increased or to be increased by the amount of Tranche D), and we further acknowledge that Xxxxxxx & Co of Xxx Xxxxx Xxxx, London EC2V 8AE, England have been appointed as agent to receive and accept any process or other document relating to any proceedings in-fact in the English courts which are connected with the Loan Agreement presence of: ) SECURITY TRUSTEE EXECUTED and the Finance DocumentsDELIVERED as a DEED ) BANK OF SCOTLAND PLC. For and on behalf of For and on behalf of XXXXXX FINANCE INC. QUINTA TRADING CO. For and on behalf of For and on behalf of DREW INTERNATIONAL INC. REINA PROPERTIES CORP. For and on behalf of For and on behalf of STEALTHGAS INC. BALKAN HOLDING INC. For and on behalf of BALCAN PROFIT LIMITED DRAWDOWN NOTICE To: DnB NOR BANK ASA 00 Xx Xxxxxxx’x Xxxx, London EC3R 8HY Attention: 30th, January 2007 DRAWDOWN NOTICE 1 We refer to the loan agreement dated 5 December 2005 (as supplemented and amended ) acting by a supplemental agreement dated 27 February 2006 and a second supplemental agreement dated January 2007 the “Loan Agreement”) and made between us as Borrowers and you as Lender in connection with a loan facility of $84,317,500. Terms defined its duly authorised ) attorney-in-fact in the Loan Agreement have their defined meanings when used presence of: ) MANDATED LEAD ARRANGER EXECUTED and DELIVERED as a DEED ) by BANK OF SCOTLAND PLC. ) acting by ) its duly authorised ) attorney-in-fact in this Drawdown Notice.the presence of: ) UNDERWRITER EXECUTED and DELIVERED as a DEED ) by BANK OF SCOTLAND PLC. ) acting by ) its duly authorised ) attorney-in-fact in the presence of: ) PART A FORM OF AMENDED AND RESTATED LOAN AGREEMENT MARKED TO INDICATE AMENDMENTS TO THE LOAN AGREEMENT Amendments are indicated as follows: 1 additions are indicated by underlined text; and 2 deletions are shown by strike-through text. PART B FORM OF CLEAN VERSION AMENDED AND RESTATED LOAN AGREEMENT APPENDIX 2 FORM OF MORTGAGE ADDENDUM

Incorporation of the Loan Agreement provisions. The provisions of clause 30 (Law law and Jurisdictionjurisdiction) of the Loan Agreement, as amended and supplemented by this Agreement, shall apply to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. THIS AGREEMENT has been duly executed as a Deed on the date stated at the beginning of this Agreement. BORROWERS EXECUTED SCHEDULE 1 LENDERS AND CONTRIBUTIONS Lender Lending Office Contribution (US Dollars) HSH Nordbank XX Xxxxxxx-Xxxxxxxxx-Xxxxx 00 X-00000, Xxxxxxx Xxxxxxx 34,000,000 SCHEDULE 2 FORM OF COMPLIANCE CERTIFICATE (to be included as a DEED ) by EMPIRE SPIRIT LTD. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by INDEPENDENT TRADER LTD. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by TRIATHLON INC. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by SOLEIL TRUST INC. ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by JUNGLE INVESTMENT LIMITED ) acting by ) its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by NORTHERN YIELD SHIPPING LIMITED ) acting by ) its duly authorised attorney-in-fact ) LENDER EXECUTED as a DEED ) by DnB NOR BANK ASA ) acting by ) its duly authorised attorney-in-fact ) Witness to all the above ) Signatures: ) Name: RONAN LE DÛ Address: Ince & Co Xxxx Xxxxxxx 00-00 Xxxxxxx 000 00 Xxxxxx We on this 30 day of January, 2007 hereby confirm and acknowledge that we have read and understood the terms and conditions of the above Second Supplemental Agreement and agree in all respects Schedule 6 to the same and confirm that the Finance Documents Loan Agreement) To: HSH Nordbank XX Xxxxxxx-Xxxxxxxxx-Xxxxx 00 X-00000 Xxxxxxx Xxxxxxx [●] 200 [●] Dear Sirs, We refer to which we are a party shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrowers under the Loan Agreement loan agreement dated 31 July 2008 (as amended by the Second Supplemental Agreement) and shall, without limitation, secure the Loan (as increased or to be increased by the amount of Tranche D), and we further acknowledge that Xxxxxxx & Co of Xxx Xxxxx Xxxx, London EC2V 8AE, England have been appointed as agent to receive and accept any process or other document relating to any proceedings in the English courts which are connected with the Loan Agreement and the Finance Documents. For and on behalf of For and on behalf of XXXXXX FINANCE INC. QUINTA TRADING CO. For and on behalf of For and on behalf of DREW INTERNATIONAL INC. REINA PROPERTIES CORP. For and on behalf of For and on behalf of STEALTHGAS INC. BALKAN HOLDING INC. For and on behalf of BALCAN PROFIT LIMITED DRAWDOWN NOTICE To: DnB NOR BANK ASA 00 Xx Xxxxxxx’x Xxxx, London EC3R 8HY Attention: 30th, January 2007 DRAWDOWN NOTICE 1 We refer to the loan agreement dated 5 December 2005 (as supplemented and as may be further amended by a supplemental agreement dated 27 February 2006 and a second supplemental agreement dated January 2007 supplemented from time to time, the “"Loan Agreement”") and made between us as Borrowers (amongst others) yourselves and you as Lender ourselves in connection with relation to a term loan facility of originally $84,317,50051,500,000. Terms Words and expressions defined in the Loan Agreement shall have their defined meanings the same meaning when used in this Drawdown Notice.compliance certificate. We enclose with this certificate a copy of the [audited]/[unaudited] consolidated accounts for the Group for the [Financial Year] [3-month period] ended [●]. The accounts (i) have been prepared in accordance with all applicable laws and GAAP all consistently applied, (ii) give a true and fair view of the state of affairs of the Group at the date of the accounts and of its profit for the period to which the accounts relate and (iii) fully disclose or provide for all significant liabilities of the Group. The Borrower represents that no Event of Default or Potential Event of Default has occurred as at the date of this certificate [except for the following matter or event [set out all material details of matter or event]]. In addition as of [●], the Borrower confirms compliance with the financial covenants set out in Clause 12.4 of the Loan Agreement for the 3 months ending as of the date to which the enclosed accounts are prepared. We now certify that, as at [●]:

Incorporation of the Loan Agreement provisions. The provisions of clause 30 (Law and Jurisdiction) of the Loan Agreement, as amended and supplemented by this Agreement, shall apply to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. THIS AGREEMENT has been duly executed as a Deed on the date stated at the beginning of this Agreement. BORROWERS EXECUTED as a DEED ) by EMPIRE SPIRIT LTD. ) acting by Xxxxxx Xxxxxxx ) /s/ Xxxxxx Xxxxxxx its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by INDEPENDENT TRADER LTD. ) acting by Xxxxxx Xxxxxxx ) /s/ Xxxxxx Xxxxxxx its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by TRIATHLON INC. ) acting by Xxxxxx Xxxxxxx ) /s/ Xxxxxx Xxxxxxx its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by SOLEIL TRUST INC. ) acting by Xxxxxx Xxxxxxx ) /s/ Xxxxxx Xxxxxxx its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by JUNGLE INVESTMENT LIMITED ) acting by Xxxxxx Xxxxxxx ) /s/ Xxxxxx Xxxxxxx its duly authorised attorney-in-fact ) EXECUTED as a DEED ) by NORTHERN YIELD SHIPPING LIMITED ) acting by Xxxxxx Xxxxxxx ) /s/ Xxxxxx Xxxxxxx its duly authorised attorney-in-fact ) LENDER EXECUTED as a DEED ) by DnB NOR BANK ASA ) acting by XXXXX XXXXX ) /s/ XXXXX XXXXX its duly authorised attorney-in-fact ) Witness to all the above ) Signatures: ) Name: RONAN LE DÛ AddressDU ) /s/ RONAN LE DU Name: Ince & Co Address: Xxxx Xxxxxxx 00-00 Xxxxxxx 000 00 Xxxxxx 22 We on this 30 14 day of JanuaryMarch, 2007 2008 hereby confirm and acknowledge that we have read and understood the terms and conditions of the above Second Supplemental Agreement and agree in all respects to the same and confirm that the Finance Documents to which we are a party shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrowers under the Loan Agreement (as amended by the Second Supplemental Agreement) and shall, without limitation, secure the Loan (as increased or to be increased by the amount of Tranche DE), and we further acknowledge that . /s/ Xxxxxx Xxxxxxx & Co of Xxx Xxxxx Xxxx, London EC2V 8AE, England have been appointed as agent to receive and accept any process or other document relating to any proceedings in the English courts which are connected with the Loan Agreement and the Finance Documents. /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx For and on behalf of For and on behalf of XXXXXX FINANCE INC. QUINTA TRADING CO. /s/ Xxxxxx Xxxxxxx /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx For and on behalf of For and on behalf of DREW INTERNATIONAL INC. REINA PROPERTIES CORP. /s/ Xxxxxx Xxxxxxx /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx For and on behalf of For and on behalf of STEALTHGAS INC. BALKAN HOLDING INC. /s/ Xxxxxx Xxxxxxx /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx For and on behalf of For and on behalf of BALCAN PROFIT LIMITED DRAWDOWN NOTICE To: DnB NOR BANK ASA 00 Xx Xxxxxxx’x Xxxx, London EC3R 8HY Attention: 30th, January 2007 DRAWDOWN NOTICE 1 We refer to the loan agreement dated 5 December 2005 (as supplemented and amended by a supplemental agreement dated 27 February 2006 and a second supplemental agreement dated January 2007 the “Loan Agreement”) and made between us as Borrowers and you as Lender in connection with a loan facility of $84,317,500. Terms defined in the Loan Agreement have their defined meanings when used in this Drawdown NoticeEVOLUTION CRUDE INC.