EXECUTION VERSION Amendment Agreement to a Working Capital Borrowing Base Facility Agreement dated 27 July 2022 Dated 19 August 2022 (as Borrower) (as the other Security Party) (as Lender)

SeaLion Tankers Inc.

Heidmar UK Trading Limited

Macquarie Bank Limited, London Branch

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▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇. London EC2M 7SH

T ▇▇▇ ▇▇ ▇▇▇▇ 4422 I F: ▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇

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1   Interpretation

2   Representations

3   Amendments to the Loan Agreement

4   Confirmations and Undertakings

5   Notices, English language, Partial Invalidity, Counterparts, Governing Law, Jurisdiction of English courts and Service of process

SeaLion Tankers Inc., a corporation incorporated under the laws of the Republic of the ▇▇▇▇▇▇▇▇ Islands with its registered address at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, ▇▇▇▇▇▇▇▇ Islands MH96960 (the ‘‘Borrower”);

Heidmar UK Trading Limited, a company incorporated under the laws of England and Wales, with its registered office at ▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇-▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇; and

Macquarie Bank Limited, London Branch, a company with limited liability with Australian Business Number 46 ▇▇▇ ▇▇▇ ▇▇▇, established under the laws of Australia acting through its office at ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ (the “Lender”).

Interpretation

In this Amendment Agreement:

All words and expressions defined in the Loan Agreement shall have the same meaning when used in this Amendment Agreement unless the context otherwise requires, and clause 1.2 of the Loan Agreement shall apply to the interpretation of this Amendment Agreement as if it is set out in full.

The Lender and the Borrower hereby designate this Amendment Agreement as a Finance Document.

Representations

Each of the representations contained in clause 19 of the Loan Agreement shall be deemed repeated by the Borrower at the date of this Amendment Agreement, by reference to the facts and circumstances then pertaining, as if references to the Finance Documents include this Amendment Agreement.

Any representation made by a Security Party in any of the Security Documents to which it is a party shall be deemed repeated by that Security Party at the date of this Amendment Agreement, by reference to the facts and circumstances then pertaining.

Amendments to the Loan Agreement

With effect from the Effective Date the Loan Agreement shall be read and construed as if:

references to “this Agreement” are references to the Loan Agreement as amended by this Amendment Agreement;

references to the Finance Documents include this Amendment Agreement;

sub-paragraph (a)(ii) of the definition of “Administration Fee” shall be deleted and replaced as follows:

in respect of any Subsequent Administration Fee Period, the relevant Administration Fee for that Subsequent Administration Fee Period shall not exceed $12,500; and”;

the definition of “First Administration Fee Period Cap” shall be deleted and replaced as follows:

the “Facility Limit” specified within Schedule 7 (Borrowing Base Terms) of the Loan Agreement shall be amended to read as follows:

US$20,000,000; and

any additional amount which the Borrower has requested and the Lender agrees to make available under this Agreement if the Facility has been increased pursuant to Clause 7 (Facility Increase) up to a maximum additional amount of US$25,000,000,

the “Minimum Aggregate Amount” specified within Schedule 7 (Borrowing Base Terms) of the Loan Agreement shall be amended from US$4,500,000 to US$6,000,000; and

paragraph 1.2 within Schedule 5 (Form of Compliance Certificate) of the Loan Agreement shall be deleted and replaced as follows:

All other terms and conditions of the Loan Agreement shall remain unaltered and in full force and effect.

Confirmations and Undertakings

Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Agreement made in this Amendment Agreement, as if all references in any of the Security Documents to the Loan Agreement are references to the Loan Agreement as amended in this Amendment Agreement.

The definition of any term defined in any of the Security Documents shall, to the extent necessary, be modified to reflect the amendments to the Loan Agreement made in or pursuant to this Amendment Agreement.

Notwithstanding the amendments to the Loan Agreement made in or pursuant to this Amendment Agreement, any fee paid to the Lender pursuant to the Loan Agreement shall be retained by the Lender.

Notices, English language, Partial invalidity, Counterparts, Governing Law, Jurisdiction of English courts and Service of process

Executed as a deed by

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SeaLionTankers Inc.

in the presence of:

Executed as a deed

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in the presence of:

Executed as a deed by

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Macquarie Bank Limited, London Branch

Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇

   Division Director

/s/ Seeta Hiaria

Name: ▇▇▇▇▇ ▇▇▇▇▇▇

   Division Director

(Macquarie POA Ref: #3105

Dated 16 March 2021

Signed in London)

Macquarie Bank Limited

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