Extract to table

1 to the Credit Agreement, to be dated on or about May 15, 2023, among TSL, TAI, the Agent, and the Lender Syndicate, which shall become effective upon the Closing Date

"Minimum Aggregate Threshold" means Sixty-Five Million United States Dollars ($65,000,000), being the minimum aggregate Net Proceeds that must be generated from the disposition of all six Designated Vessels

"Net Proceeds" means, with respect to the sale of each Designated Vessel, the gross sale price payable in respect of such Designated Vessel, less the sum of the following: (i) reasonable and customary brokerage commissions (which shall not exceed 1

2 — Incorporation of Credit Agreement Definitions Capitalized terms used but not otherwise defined in this Side Letter shall have the respective meanings given to such terms in the Credit Agreement

1 of this Side Letter and the definitions set forth in the Credit Agreement, the definitions in the Credit Agreement shall control, except to the extent that this Side Letter expressly provides otherwise

2 shall be construed as a guarantee, representation, or warranty by TSL as to the actual proceeds that will be realized from the disposition of the Designated Vessels