Regulation 2

by the borrowers mentioned in the first column of the following table;

to the respective lenders mentioned in the second column of the table;

in respect of the respective loan amounts mentioned in the third column of the table that are or are to be used for the purposes of financing the acquisition of the respective vessels mentioned in the fourth column of the table; (d)under the respective agreements mentioned in the fifth column of the table; and

during the respective periods mentioned in the sixth column of the table,is exempt from tax:First columnSecond columnThird columnFourth columnFifth columnSixth columnBorrowerLenderLoan amount (US$)VesselAgreementPeriod (both dates inclusive)Precious Forests Pte. Ltd.1.Kasikornbank Public Company Limited;2.The Bank of Tokyo-Mitsubishi UFJ, Ltd (Bangkok Branch); and3.Credit Agricole Corporate and Investment Bank8,674,699“M.V. Ananya Naree (Hull No. 331)”1.Secured Loan Agreement dated 3 July 2008 (as amended by Supplemental Deed dated 31 March 2011); and2.Deed of Accession dated 8 June 201117 August 2011 to 4 January 2015Precious Forests Pte. Ltd.1.Kasikornbank Public Company Limited;2.The Bank of Ayudhya Public Company Limited; and3.Credit Agricole Corporate and Investment Bank8,674,699“M.V. Ananya Naree (Hull No. 331)”1.Secured Loan Agreement dated 3 July 2008 (as amended by Supplemental Deed dated 31 March 2011); and2.Deed of Accession dated 8 June 20115 January 2015 to 14 March 20191.Precious Fragrance Pte. Ltd.; and