Extract to table

This certification shall be delivered no later than five (5) business days following the completion of the return or destruction process

1, which now provides that the Settlement Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflicts-of-law principles thereof

7), providing that if any provision of the Settlement Agreement is held to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect

However, TSL's position is that the specific financial terms of the settlement — including the total settlement amount of $7,850,000, the three-installment payment structure, the respective funding sources (namely, the Oceanus P&I Club contribution of $2,500,000 and TSL's corporate contribution of $5,350,000), and any other details regarding the payment mechanics or economic terms — must remain strictly confidential

2 of the Second Draft, provides that interest at the rate of nine percent (9%) per annum shall accrue on any unpaid amount beginning on the first day after the expiration of the ten-business-day cure period

Interest shall continue to accrue until the date of payment in full