Common use of Price Payable Clause in Contracts

Price Payable. The price payable by the Company to the DSME Builder pursuant to the Shipbuilding Contract as at Completion is USD 94,050,000 (ninety four million and fifty thousand US dollars) (which amount includes USD 1,200,000 (one million, two hundred thousand US dollars) of extras, but excludes buyer’s supplies as defined in the Shipbuilding Contract). (a) Indebtedness The Company does not have outstanding nor has it incurred or agreed to incur any Indebtedness.

Price Payable. The price payable by the Company to the DSME Builder pursuant to the Shipbuilding Contract as at Completion is USD 94,050,000 (ninety four million and million, fifty thousand US dollars) (which amount includes USD 1,200,000 (one million, two hundred thousand US dollars) of extras, but excludes buyer’s supplies as defined in the Shipbuilding Contract). (a) Indebtedness The Company does not have outstanding nor has it incurred or agreed to incur any Indebtedness.

Price Payable. The price payable by the Company to the DSME Builder pursuant to the Shipbuilding Contract as at Completion is USD 94,050,000 97,050,000 (ninety four seven million and fifty thousand US dollars) (which amount includes USD 1,200,000 (one million, two hundred thousand US dollars) of extras, but excludes buyer’s supplies as defined in the Shipbuilding Contract). (a) Indebtedness The Company does not have outstanding nor has it incurred or agreed to incur any Indebtedness.