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MUTUAL NON-CIRCUMVENTION AND NON-DISCLOSURE AGREEMENT

This Mutual Non-Circumvention and Non-Disclosure Agreement (the "Agreement") is made as
of the 6th June 2019 by and between xxxxx represented by xxxx holder of xxxx number
xxxx(hereinafter called as “Disclosing Party”), and xxxxx represented by xxxxx holder of
Greek passport number xxxxx(hereinafter called as “Receiving Party").

This Agreement shall obligate the undersigned, the undersigned parties and their partners,
associates, affiliates, subsidiaries, parents, nominees, representatives, employees, successors,
assigns, (hereinafter referred to as the "Parties"), jointly, severally, mutually and reciprocally
for the terms and conditions expressly stated and agreed to below.

Recitals:

Whereas the signatory Parties are desirous of exploring business opportunities relating to the
invest in the acquisition and operations of commercial ships.

Whereas the Parties agree that our mutual objective under this Agreement is to provide
protection for confidential information in contemplation of the Project.

In consideration for value received, receipt where of is acknowledged, the undersigned Parties
agree, in the consideration of the foregoing, to abide by the following terms and conditions:

NOW, THEREFORE, IT IS AGREED:

This Agreement may be referenced from time to time in any document (s) or agreements. The
terms and conditions of this Agreement apply to any exchange of information written or oral,
relating to the Project and all parties thereto. The terms and conditions of this Agreement shall
also apply to any additional, renewal, extension, amendment, re-negotiation, or new agreement
relating to the anticipated Project(s).

1. Non-Circumvention: Each Party intends to be legally bound, and hereby

irrevocably agrees, and guarantees each other they shall not, directly or indirectly
interfere with, circumvent or attempt to circumvent, avoid, by-pass, or obviate
each other’s interest, or the interest or relationship between the “Parties”, without
the express written authorization of the other Party.

2. Non- Disclosure: Each Party agrees not to disclose or otherwise reveal to any
third Party confidential information. Confidential information shall include, but
not be limited to: the identities, addresses, telephone numbers, facsimile numbers,
e-mail addresses, telex numbers, bank account numbers, wiring information,
financial reference, or similar information to any other entities introduced by
either Party to the other without the specific written permission of the introducing
Party. Confidential information shall also include but not be limited to third-
party contracts, contractual terms, written materials, business plans, marketing
plans, and other information disclosed in writing, orally, or by other means of
voice and electronic data transmission (e.g. internet, e-mail, text messaging,
personal digital assistant (“PDA”) or otherwise.) Each Party shall utilize its best
efforts to reasonably safeguard and protect confidential information. Neither
Party may be held liable if, through no action or fault of the Party, a confidential
disclosure is released by the Buyers or a third party.
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Especially for the Designers Delta Marine and the Yards ………………. the
Brokers are not allowed to circulate, disclosure, negotiate anything prior to
having obtained Buyer’s permission.

3. Terms: This Agreement shall be valid for a minimum period of two (2) years
from the date of this Agreement, and for two (3) years after completion of each
contemplated transaction.

4. Parties bound: This Agreement shall be binding upon all undersigned Parties
and inure to the benefit of the Parties hereto, and their respective successors,
associates, affiliates and permitted assigns. Each Party shall take reasonable steps
and best efforts to ensure that their officers, members, partners, agents,
employees, representatives, independent contractors, shareholders, principals and
other third parties abide by the provisions of this Agreement.

5. Notice: All notices and other communications will be in writing and will be
deemed effective and given only upon receipt, when delivered personally (receipt
acknowledged), by facsimile transmission (receipt confirmed and followed by a
hard copy), by overnight courier, or by registered or certified mail (return receipt
requested), postage prepaid, to the Parties at the following addresses (or at such
other addresses for a party as will be specified by like notice; provided that
notices of a change of address will be effective only upon receipt thereof):

If to the Disclosing Party:

xxxxx

If to the Receiving Party:

xxxxx

6. Language: The language in all the Agreement shall be in all cases constructed
simply according to its fair meaning and not strictly for or against of the Parties
and it is agreed that the English language is used.
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7. Severability: Should any portion of this Agreement be declared invalid or

unenforceable, then such portion shall be deemed to be severable from this
Agreement and shall not affect the remainder hereof.

8. Integration: This Agreement constitutes the entire Non-Circumvention

Agreement between the Parties and supersedes all prior discussion, negotiations
and Agreements, whether oral or written. The parties further intend that this
Agreement constitutes the complete and exclusive statement of its terms and that
no extrinsic evidence whatsoever may be introduced in any judicial or arbitration
proceeding involving this Agreement

9 Amendments: Any change or amendment to this Agreement, including oral

modification supported by new consideration, must be reduced to writing and
signed by all Parties before it will be effective.

10. Waiver: No waiver or default of any of this agreement by any party shall be
implied from any omission of such party to take action against the defaulting
party. One or more waivers of any covenant, terms or condition of this agreement
by any party shall not be considered to be waiver of render unnecessary consent
or approval of said party of any subsequent or similar acts or omission.

11. Arbitration: In the event an amicable settlement or resolution cannot be agreed

to by mutual discussion, any controversy or claim arising out of this agreement
which is not settled between the parties themselves, at the request of either party,
shall be resolved, consistent by binding arbitration under the commercial
arbitration rules of the UK. The Parties agree that the arbitration and this
Agreement will be governed by and construed and enforced in accordance with
the law of the United Kingdom.

12. Attorney's Fees: If any party brings any proceeding against other arising from
this Agreement, or is made a party to any action or proceeding arising from this
Agreement, the prevailing party shall be entitled to recover as an element of their
cost to suit and not as damages reasonable attorney's fees to be fixed by the court,
arbitrator or adjudicative authority. The prevailing party shall be the party
entitled to recover their cost to suit or arbitration, whether or not entitled to
recover costs.

13. Force and Effect of Documents: The Parties hereto agree that a signed telefax
or other facsimile copy of this Agreement shall have force and effect as the
original of this document.
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IN WITNESS WHEREOF, the Parties hereto execute this Agreement by their authorized
document.

Party [1]
xxxxx

Signature: xxxxx

Title: Partner

Date: 6th June 2019

Party [2]

xxxxxx

Signature: xxxxx

Title: CEO

Date: 6th June 2019