THIS AGREEMENT AND THE OTHER SECURITY DOCUMENTS Clause Samples

THIS AGREEMENT AND THE OTHER SECURITY DOCUMENTS. In case of any conflict between the provisions of this Agreement and any of the other Security Documents the provisions of this Agreement shall prevail. AS WITNESS the hands of the duly authorised representatives of the parties hereto the day and year first above written. SIGNED ) By Mr. Gerassimos Mendoros ) for and on behalf of ) /s/Gerassimos Mendoros HSBC BANK PLC ) in the presence of: ) SIGNED by ) By ▇▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ) for and on behalf of ) /s/▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ SHIPPING CORP. ) in the presence of: ) TO: HSBC BANK PLC ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Date: [l] Dear Sirs, 1. We refer to the financial agreement dated December 2009 (the "Financial Agreement") and made between ourselves as borrower and yourselves as lender, in connection with a loan facility of up to $13,000,000. Terms defined in the Financial Agreement have their defined meanings when used in this Notice of Drawdown. 2. We request to borrow the Facility as follows: (a) Amount: US$ [˜]; (b) Drawdown Date: [˜] 2009; (c) Duration of the first Interest Period shall be [˜] months; and (d) Payment instructions: [˜] 3. We represent and warrant that: (a) the representations and warranties in Clause 15 of the Financial Agreement and in the other Security Documents would remain true and not misleading if repeated on the date of this notice with reference to the circumstances now existing; (b) no Event of Default has occurred or will result from the borrowing of the Facility. 4. This notice cannot be revoked without your prior written consent of the Lender. 5. We authorise you to deduct from the proceeds of the Facility the amount of the fees referred to in Clause 24

THIS AGREEMENT AND THE OTHER SECURITY DOCUMENTS. In case of any conflict between the provisions of this Agreement and any of the other Security Documents the provisions of this Agreement shall prevail. AS WITNESS the hands of the duly authorised representatives of the parties hereto the day and year first above written. SIGNED by Staveos Yagos ) /s/ Staveos Yagos and by ▇. ▇▇▇▇▇▇ ) /s/ ▇. ▇▇▇▇▇▇ for and on behalf of ) MARFIN EGNATIA BANK Societe Anonyme ) in the presence of: ) SIGNED by Konstantinos Koutsoubelis ) /s/ Konstantinos Koutsoubelis for and on behalf of ) MARTINIQUE INTERNATIONAL CORP. ) in the presence of: ) SIGNED by Konstantinos Koutsoubelis ) /s/ Konstantinos Koutsoubelis for and on behalf of ) HARBOUR BUSINESS INTERNATIONAL CORP. ) in the presence of: ) SIGNED by Konstantinos Koutsoubelis ) /s/ Konstantinos Koutsoubelis for and on behalf of ) AMAZONS MANAGEMENT INC. ) in the presence of: ) SIGNED by Konstantinos Koutsoubelis ) /s/ Konstantinos Koutsoubelis for and on behalf of ) LAGOON SHIPHOLDING LTD. ) in the presence of: ) SIGNED by Konstantinos Koutsoubelis ) /s/ Konstantinos Koutsoubelis for and on behalf of ) CYNTHERA NAVIGATION LTD. ) in the presence of: ) SIGNED by Konstantinos Koutsoubelis ) /s/ Konstantinos Koutsoubelis for and on behalf of ) ▇▇▇▇▇▇▇ MARITIME CO. ) in the presence of: ) TO: MARFIN EGNATIA BANK Societe Anonyme ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ Date: [l] Dear Sirs, 1. We refer to the financial agreement dated [l] 2008 (the “Financial Agreement”) and made between ourselves, as joint and several Borrowers and yourselves as Lender, in connection with certain term loan or revolving credit facilities not exceeding in aggregate Two hundred Fifty Five million Dollars ($255,000,000). Terms defined in the Financial Agreement have their defined meanings when used in this Notice of Drawdown. 2. We request to borrow the Advance of the [Term] [Revolving] Facility as follows: (a) Amount: $ [l]; (b) Drawdown Date: [l]; (c) Duration of the first Interest Period shall be [l] months; and (d) Payment instructions: account in the name of [l] and numbered [l] with [l] of [l]. 3. We represent and warrant that: (a) the representations and warranties in Clause 16 of the Financial Agreement and in the other Security Documents would remain true and not misleading if repeated on the date of this notice with reference to the circumstances now existing; (b) no Event of Default has occurred or will result from the borrowing of either Facility and/or the above Advance[s]. 4. Th...

THIS AGREEMENT AND THE OTHER SECURITY DOCUMENTS. In case of any conflict between the provisions of this Agreement and any of the other Security Documents the provisions of this Agreement shall prevail. AS WITNESS the hands of the duly authorised representatives of the parties hereto the day and year first before written. Signed by ) ) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇. ) for and on behalf of ) A. ) in the presence of: ) Signed by ) ) ) for and on behalf of ) MARFIN EGNATIA BANK Societe Anonyme ) in the presence of: )