Payton Shipping Corp. Sample Contracts

TSAKOS ENERGY NAVIGATION LIMITED and WELLS FARGO BANK, NATIONAL ASSOCIATION as Trustee INDENTURE Dated as of , 20 Convertible Debt Securities
Payton Shipping Corp. • September 21st, 2012 • Deep sea foreign transportation of freight • New York

INDENTURE, dated as of , 20 , among Tsakos Energy Navigation Limited, a Bermuda company (herein called the “Company”), having its principal office at 367 Syngrou Avenue, 175 64 P. Faliro, Athens, Greece, and Wells Fargo Bank, National Association, a national banking association, having a corporate trust office at 625 Marquette Avenue, MAC N9311-110, Minneapolis, MN 55479, as trustee (herein called the “Trustee”).

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