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VESSEL INSURANCE Policy No.: EE17-02-10000018-4 Policyholder: Company name: VEETEEDE AMET Unified reg. No.: 70002414 Address: Valge tn 4, 11413 Tallinn, Eesti Insured person: Company name: VEETEEDE AMET Unified reg. No.: 70002414 Address: Valge tn 4, 11413 Tallinn, Eesti Insurance object: Object type: Icebreaker Reg. No./ IMO No.: 5352886 Name: TARMO Year and place built: 1963, Finland Engines: Power 4 x 2 530 kW Flag/ Country of registration : Estonia Sum insured : 3 200 000.00 EUR Insurance terms and conditions: Institute Time Clauses Hulls CL.280 dd.01.11.1995. Insurance premium: 35 000.00 EUR Insured risks Risk Deductible % Deductible Damage to hull 0% 15 000.00 EUR Damage to engine 0% 15 000.00 EUR Damage to machinery 0% 15 000.00 EUR Total loss 0% 0.00 EUR Theft, robbery 0% 15 000.00 EUR Insurance conditions: Insurance period: 06.01.2018. - 05.01.2019. Total sum insured: 3 200 000.00 EUR Territory of the policy: The Baltic Sea, Gulf of Finland, but always Total insurance premium: 35 000.00 EUR subject to the Seaworthiness Certificate -- Insurance premium payment date and amount: Number of payments: 2 1. 06.01.2018 17 500.00 EUR 2. 20.07.2018 17 500.00 EUR -- On behalf of BTA: On behalf of Policyholder: Name, surname: DACE AZACE Name, surname: RENE ARIKAS Signature: Signature: -- 1/2 AAS "BTA Baltic Insurance Company" Phone: +371 26 12 12 12 Unified registration No. 40103840140 Fax: +371 67025190 11 Sporta Street, Riga, LV-1013, Latvia www.bta.lv e-mail: [email protected]  VESSEL INSURANCE Policy No.: EE17-02-10000018-4 Special terms and conditions: 1. Insurance conditions: 1. BTA General Terms and Conditions for Insurance Contracts No. GC2012; 2. Institute Time Clauses - Hulls CL.280 dd.01.10.1983, amended to exclude clause 8 (3/4ths Collision Liability) absolutely. 3. Institute Radioactive Contamination, Chemical, Biological, Bio-chemical and Electromagnetic Weapons Exclusion Clause CL. 370 dd.10.11.2003; 4. Institute Cyber Attack Exclusion Clause CL. 380 dd.10.11.2003; 5. Including the Interest of Mortgagees, subject to Loss Payable Clause and Notice of Assignment as may be required. 2. Special conditions: 1. INSURED INTEREST: Hull and machinery, gear and equipment, everything connected, nothing excluded. 2. HULL & MACHINERY: Insured, fixed and agreed value: 3 200 000.00 EUR. 3. Deductible conditions: a) Deductible in accordance with the Clause 12 (Deductible) of the Institute Time Clauses - Hulls CL.280 dd.01.10.1983 is 15 000.00 EUR for each insured event; b) Actual Total Loss and/ or Constructive Total Loss is payable in full without deduction.. 4. This insurance covers loss of or damage to the object insured according to the perils of the Institute Time Clauses - Hulls CL. 280 dd.01.11.1995. 5. In accordance with this insurance contract, it is agreed that Vessel classification certificates, Seaworthiness certificates issued by the Estonian Maritime Administration (Veeteede Ameti) are considered to meet to requirements of paragraph 4 “Classification” of Institute Time Clauses - Hulls CL. 280 dd.01.11.1995. 3. Documents of insurance contract: 1. Documents of state procurement: Avatud hankemenetlus (viitenumber 191917). 4. By his signature Policyholder confirms that he has acquainted himself with the insurance terms and special conditions thereof and they are clear and acceptable. Date, time and place of issue of the insurance policy: 05.12.2017., at: 15:50, Tallinn On behalf of BTA: On behalf of Policyholder: Name, surname: DACE AZACE Name, surname: RENE ARIKAS Signature: Signature: -- 2/2 AAS "BTA Baltic Insurance Company" Phone: +371 26 12 12 12 Unified registration No. 40103840140 Fax: +371 67025190 11 Sporta Street, Riga, LV-1013, Latvia www.bta.lv e-mail: [email protected]