Contract analysis

1. Acknowledgment of Engagement Scope TSL and TAI hereby confirm that they have jointly engaged Calderwood & Harkness LLP to provide legal representation and advisory services in connection with the following matters, as more particularly described in the Engagement Letter: (i) Chapter 11 contingency planning for Thalassa Americas Inc., including preparation of potential first-day motions, debtor-in-possession financ

2. Confirmation of Retainer Deposit TSL hereby confirms that, on October 28, 2022, it caused a wire transfer in the amount of Five Hundred Thousand U.S. Dollars ($500,000.00) to be transmitted from TSL's operating account maintained at Quillon Bancorp (Piraeus Main Branch) to Calderwood & Harkness LLP's Interest on Lawyers Trust Account ("IOLTA") in accordance with the wire transfer instructions set forth in Schedule

3. Acknowledgment of Billing Rates TSL and TAI hereby confirm their acceptance of the Firm's billing rates as set forth in Schedule A of the Engagement Letter. As of the date hereof, the applicable hourly billing rates are as follows: TSL and TAI further acknowledge and confirm the composition of the engagement team identified in the Engagement Letter, which is as follows: • Nathaniel Bower — Responsible Partner • Co

4. Billing and Payment Terms TSL and TAI confirm their understanding and acceptance of the following billing and payment terms, as set forth in the Engagement Letter: (a) Calderwood & Harkness LLP will render monthly invoices for professional services performed and disbursements incurred during the preceding calendar month. Each invoice will include a detailed description of the services performed, the timekeepers in

5. Joint and Several Liability TSL and TAI hereby confirm that, as set forth in Section 7 of the Engagement Letter, TSL and TAI are jointly and severally liable for the payment of all professional fees and disbursements incurred by Calderwood & Harkness LLP in connection with the engagement. This joint and several liability extends to all amounts billed by the Firm, whether attributable to services performed for or o

6. Authorization and Contact Information I hereby confirm that I am duly authorized by the Board of Directors of Thalassa Shipping & Logistics Société Anonyme and, pursuant to the intercompany authorization agreement dated October 20, 2022, by the Board of Directors of Thalassa Americas Inc., to execute this Fee and Retainer Acknowledgment Letter, to cause the retainer deposit to be made, and to bind each of TSL and

7. Closing On behalf of TSL and TAI, I wish to express our sincere appreciation for Calderwood & Harkness LLP's prompt commencement of work on this critical matter. The financial challenges facing TAI require urgent and coordinated attention, and we are grateful for the dedication and expertise that the engagement team has already demonstrated in the initial days of this representation. TSL and TAI confirm their comm