Shipping Structure Lux 1 mam Provides investment management services to all Ml HoldCos in exchange for a management fee Owns "unlimited liability? interest in all Ml HoldCos SUPERHOLDCO LLC We!" Tina Transportation WLR Recovery Paralel Find LP ESC, LP (Cayman) (US) See Ownership Schedule WLRITRF Slipping S.a.r.l. (Luxembourg) [Lux 1 Th rd Party 50% 50% (Marshall HANJIN II LLC (Marshall Islands) Time Time Charter Charter Ownership Schedule Ownership percentage will vary due to different investment allocation. I Transportation Recovery Fund 78.40% WLR Recovery Fund DSS LP 21.40% WLR Paralel ESC LP 0.20% WLR NavigB Co-lnvestment LP I . Transportation Recovery Fund 72.10% WLR Recovery Fund DSS AIV LP 27.70% WLR Paralel ESC LP 0.20% CI Transportation Recovery 77.00% WLR Recovery Fund DSS LP 22.80% WLR Paralel ESC LP 0.20% WLR NavigB Co-Investment LP I KZ Transportation Recovery Fund 77.00% WLR Recovery Fund DSS AIV LP 22.80% WLR Paralel ESC LP 0.20% WLR NavigB Co-Investment LP El Martian Transportation Recovery Fund 80.00% WLR Recovery Fund DSS LP 19.90% WLR Paralel ESC LP 0.10% WLR NavigB Co-Investment LP Tracking shares would be implemented to trace the earnings from each mique deal because the ownership percentages are difterent at the Fund level. See Ownership Schedule. NCM Holding I LLC arshall Island Holding ll LLC arshall 1W =1 2 Charter Time Charter