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a)
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In the event the Bareboat Charterers do not exercise (or have not exercised) the Purchase Option at least three (3) months prior to the expiry of the Charter Period (i.e. 6 years) and the BBC continues
without early termination until the expiry of the Charter Period, the Bareboat Charterers shall have an unconditional obligation (the "Purchase Obligation") to purchase the Vessel from the Owners at the expiry of the Charter Period for
the price of USD 1 (United States Dollars One).
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b)
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The provisions of Clause 49 of the BBC relating to Bareboat Charterers' option to purchase the Vessel shall apply mutatis mutandis with respect to the Charterers'
exercise of the Purchase Obligation.
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Owners:
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Bareboat Charterers:
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| /s/ Kazuhiro Watanabe |
/s/ Stavros Gyftakis |
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GREAT SOMETHNG Co., Ltd.
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Knight Ocean Navigation Co.
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(Owner)
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(Bareboat Charterer)
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| Kazuhiro Watanabe | Stavros Gyftakis | ||
| Director | Director |