Contract analysis

1. RECITALS / BACKGROUND 1.1 The Company The Company is Thalassa Finance Pte. Ltd., a private company limited by shares incorporated under the laws of the Republic of Singapore on or about 2022, bearing Unique Entity Number 202209345K. The Company was established as a special purpose finance vehicle within the Thalassa group of companies. The Company is a wholly-owned subsidiary of Thalassa Shipping & Logistics SA ("

2. DEFINITIONS AND INTERPRETATION 2.1 Unless otherwise defined herein or unless the context otherwise requires, capitalized terms used in these resolutions shall have the following meanings: "ACA" means Atlas Collateral Agency Pte. Ltd. (UEN 200115678R), in its capacity as Security Agent under the Indenture and the Security Documents. "ABS" means Anchor Bay Securities LLC, in its capacity as one of the Initial Purcha

3. RESOLUTIONS The sole director, having reviewed and considered the recitals and background set forth in Section 1 above, the forms and near-final drafts of the Transaction Documents presented to her, and the advice of the Company's legal counsel, and being satisfied that the transactions contemplated by these resolutions are in the best interests of the Company, hereby passes the following resolutions: Resolution 1

4. EFFECTIVE DATE AND EXECUTION 4.1 These written resolutions shall take effect as of the date first written above, being [●] October 2022. 4.2 These written resolutions may be executed and delivered in one or more counterparts, each of which when so executed and delivered shall be deemed an original, and all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of these