UNION CARRIERS LIMITED

Piraeus Bank S.A.

Security interest means any mortgage, charge, pledge, lien, hypothecation, assignment, title. Retention having a similar effect, preferential right, option, trust arrangement or security interest. Or other encumbrance, security or arrangement conferring howsoever a priority of payment in. Respect of any obligation of any person. Security assets means the shares and the derivative assets which are or may become the. Subject of this deed. Shares means:. (A) the original shares; and. (B) all other shares in the corporation from time to time owned by the shareholders during. The facility period (and includes all stocks, shares and other securities offered or. Accruing at any time by way of redemption, bonus, rights, preference or otherwise to. The shareholders in respect of all or any of the shares or offered in substitution or. Exchange for all or any of the shares).. Derivative assets means all dividends, interest and other moneys paid or payable after the. Date of this deed on all or any of the shares and all rights accruing at any time to or in respect. Of all or any of the shares (including, without limitation, put and call options, pre-emption rights. And any proceeds of sale or other realisation of all or any part of the shares).

Piraeus Bank S.A.

Security interest means any mortgage, charge, pledge, lien, hypothecation, assignment, title retention having a similar effect, preferential right, option, trust arrangement or security interest or other encumbrance, security or arrangement conferring howsoever a priority of payment in respect of any obligation of any person security assets means the shares and the derivative assets which are or may become the subject of this deed shares means: (a) the original shares; and (b) all other shares in the corporation from time to time owned by the shareholders during the facility period (and includes all stocks, shares and other securities offered or accruing at any time by way of redemption, bonus, rights, preference or otherwise to the shareholders in respect of all or any of the shares or offered in substitution or exchange for all or any of the shares). Derivative assets means all dividends, interest and other moneys paid or payable after the date of this deed on all or any of the shares and all rights accruing at any time to or in respect of all or any of the shares (including, without limitation, put and call options, pre-emption rights and any proceeds of sale or other realisation of all or any part of the shares).

Piraeus Bank S.A.

Security interest. The shareholders with full title guarantee (with the intent that the security so constituted shall extend to all beneficial interests of the shareholders in the security assets):. (A) mortgages, pledges, charges and otherwise creates a security interest in, and agrees to mortgage, pledge, charge and otherwise create a security interest in, the shares in favour of the lender; and. (B) assigns to the lender absolutely all rights and interests of every kind which now or at any later time it has to, in or in connection with the derivative assets,. As security for the secured liabilities and the performance of all obligations under this deed or otherwise relating to them.. “Shares” means:. (A) the original shares; and. (B) all other shares in the corporation from time to time owned by the shareholders during the facility period (and includes all stocks, shares and other securities offered or accruing at any time by way of redemption, bonus, rights, preference or otherwise to the shareholders in respect of all or any of the shares or offered in substitution or exchange for all or any of the shares). “Derivative assets” means all dividends, interest and other moneys paid or payable after the date of this deed on all or any of the shares and all rights accruing at any time to or in respect of all or any of the shares (including, without limitation, put and call options, pre-emption rights and any proceeds of sale or other realisation of all or any part of the shares).

Anastacia Ag

Security interest. The shareholder with full title guarantee (with the intent that the security so constituted shall extend to all beneficial interests of the shareholder in the security assets):. (A) mortgages, pledges, charges and otherwise creates a security interest in, and agrees to mortgage, pledge, charge and otherwise create a security interest in, the shares in favour of the lender; and. (B) assigns to the lender absolutely all rights and interests of every kind which now or at any later time it has to, in or in connection with the derivative assets,. As security for the secured liabilities and the performance of all obligations under this deed or otherwise relating to them.. “Security assets” means the shares and the derivative assets which are or may become the subject of this deed;. “Derivative assets” means all dividends, interest and other moneys paid or payable after the date of this deed on all or any of the shares and all rights accruing at any time to or in respect of all or any of the shares (including, without limitation, put and call options, pre-emption rights and any proceeds of sale or other realisation of all or any part of the shares);. "Security interest" means any mortgage, charge, pledge, lien, hypothecation, assignment, title. Retention having a similar effect, preferential right, option, trust arrangement or security interest or other encumbrance, security or arrangement conferring howsoever a priority of payment in respect of any obligation of any person;. “Shares” means:. (A) the original shares; and. (B) all other shares in the corporation from time to time owned by the shareholder during the security period (and includes all stocks, shares and other securities offered or accruing at any time by way of redemption, bonus, rights, preference or otherwise to the shareholder in respect of all or any of the shares or offered in substitution or exchange for all or any of the shares);. “Secured liabilities” means all liabilities which the corporation, the shareholder, the obligors or any of them have, at the date of this deed or at any later time or times, to the lender under or in connection with any security document to which it is a party or any judgment relating to any security document to which it is a party; and for this purpose, there shall be disregarded any total or partial discharge of these liabilities, or variation of their terms, which is effected by, or in connection with, any bankruptcy, liquidation, arrangement or other procedure under the insolvency laws of any country;.

Anastacia Ag

Security interest. The shareholder with full title guarantee (with the intent that the security so constituted shall extend to all beneficial interests of the shareholder in the security assets):. (A) mortgages, pledges, charges and otherwise creates a security interest in, and agrees to mortgage, pledge, charge and otherwise create a security interest in, the shares in favour of the lender; and. (B) assigns to the lender absolutely all rights and interests of every kind which now or at any later time it has to, in or in connection with the derivative assets,. As security for the secured liabilities and the performance of all obligations under this deed or otherwise relating to them.. “Security assets” means the shares and the derivative assets which are or may become the subject of this deed;. “Derivative assets” means all dividends, interest and other moneys paid or payable after the date of this deed on all or any of the shares and all rights accruing at any time to or in respect of all or any of the shares (including, without limitation, put and call options, pre-emption rights and any proceeds of sale or other realisation of all or any part of the shares);. "Security interest" means any mortgage, charge, pledge, lien, hypothecation, assignment, title. Retention having a similar effect, preferential right, option, trust arrangement or security interest or other encumbrance, security or arrangement conferring howsoever a priority of payment in respect of any obligation of any person;. “Shares” means:. (A) the original shares; and. (B) all other shares in the corporation from time to time owned by the shareholder during the security period (and includes all stocks, shares and other securities offered or accruing at any time by way of redemption, bonus, rights, preference or otherwise to the shareholder in respect of all or any of the shares or offered in substitution or exchange for all or any of the shares);. “Secured liabilities” means all liabilities which the corporation, the shareholder, the obligors or any of them have, at the date of this deed or at any later time or times, to the lender under or in connection with any security document to which it is a party or any judgment relating to any security document to which it is a party; and for this purpose, there shall be disregarded any total or partial discharge of these liabilities, or variation of their terms, which is effected by, or in connection with, any bankruptcy, liquidation, arrangement or other procedure under the insolvency laws of any country;.

SEA 112 LEASING CO. LIMITED

SEA 112 LEASING CO. LIMITED

MACQUARIE FACTORING (UK) LIMITED AS SECURITY AGENT

MACQURIE FACTORING (UK) LIMITED AS SECURITY AGENT

Macqurie Factoring (UK) Limited as Security Agent

CREDIT SUISSE AG

CREDIT SUISSE AG

CREDIT SUISSE AG

CREDIT SUISSE AG