Maritime Transport Services Limited

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ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES DUE OR TO BECOME FROM THE COM PANY AND ALL THE OTHER COMPANIES NAMED T HEREIN TO THE CHARGEES PURSUANT TO THE T ERMS OF THE SENIOR FINANCE DOCUMENTS OR ANY OTHER DOCUMENT

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES OF EACH OBLIGOR (AS DEFINED) TO HILL SAMUEL BANK LIMITED (THE "SECURI TY AGENT") AS AGENT AND TRUSTEE FOR ITSE LF AND EACH OF THE LENDERS OR ANY OF THE M (AS DEFINED) UNDER EACH OR ANY OF THE SENIOR FINANCE DOCUMENTS IN EACH CASE TO GETHER WITH ALL COSTS,CHARGES AND EXPENS ES INCURRED BY ANY LENDER IN CONNECTION WITH ITS RIGHTS UNDER THE SENIOR FINANCE DOCUMENTS OR ANY OTHER DOCUMENT SECURIN G ANY SUCH LIABILITIES

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£59,132.36 AND ALL OTHER MONIES DUE OR T O BECOME DUE FROM THE COMPANY AND/OR MAR ITIME HOLDINGS LIMITED TO THE CHARGEE UN DER THE TERMS OF THE AGREEMENT

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