Extract to table

No person has been authorized by the Co-Issuers, the Guarantors, the Initial Purchasers, the Trustee, or the Security Agent to give any information or to make any representation other than those contained in this Offering Memorandum in connection with the offering of the Notes, and, if given or made, such information or representation must not be relied upon as having been authorized by the Co-Issuers, the Guarantors, the Initial Purchasers, the Trustee, or the Security Agent

Any stabilization action may begin on or after the date on which adequate public disclosure of the terms of the offer of the Notes is made and, if begun, may cease at any time, but it must end no later than the earlier of 30 days after the issue date and 60 days after the date of the allotment of the Notes

Any stabilization action or over-allotment must be conducted by the Stabilization Manager (or any person acting on behalf of the Stabilization Manager) in accordance with all applicable laws and rules

• Collateral Coverage Ratio (Maintenance): The fair market value of the Collateral Vessels (based on independent appraisal) divided by the outstanding principal amount of the Notes must not fall below 2

• Asset Sale Proceeds: 100% of Net Proceeds from asset sales in excess of $15,000,000 per transaction must be applied to an offer to repurchase Notes at 100% of par within 365 days, unless such proceeds are reinvested in replacement assets during such period