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International Registries, Inc. and its affiliates (IRI) provide administrative and technical support to the Republic of the Marshall Islands(RMI) Maritime and Corporate Registries. IRI has been administering maritime and corporate programs since 1948. The RMI Registry is the third largest registry in the world, surpassing 106 million gross tons in June 2014. IRI has a network of 25 worldwide offices that have the ability to register a vessel or yacht, including vessels under construction, record a mortgage or financing charter, incorporate a company, issue seafarer documentation, and service clientele. Vessel types include, but are not limited to: tank ships; LNG/gas carriers; bulk carriers; container ships; offshore drilling, production, or service units; passenger vessels; and yachts. Maritime Services Seagoing vessels of any tonnage engaged in foreign trade are eligible for registration in the RMI. Ownership of RMI. Ownership of RMI registered vessels and yachts must be through an RMI business entity. Entities such as corporations, general or limited partnerships, limited liability companies or qualified foreign maritime entities are sufficient for this purpose. The RMI has been included on the United States Coast Guard' s Qualship 21 roster for the tenth consecutive year and continues to be included on the White lists of both the Paris and Tokyo Memorandums of Understanding (MoUs). In addition, the RMI meets the flag criteria for a low risk ship under the Paris MoU New Inspection Regime. Services include: Vessel and Yacht Registration Mortgage and Lease Financing Recordation and Documentation Vessel Inspection Officer Examination Seafarers' Identity and Record Books Officer Certification Technical Assistance Investigations Radio Station Licensing International Representation Information Provided on Maritime Regulations and Port Activities In 2001, at the request of many owners and maritime attorneys, the RMI Governement expanded the Registry to include commercial and private yachts. The RMI Yacht Registry has gained increased recognition and acceptance throughout the yachting community as a result of its efficient and cost effective registration process, personalized service and support available from 25 worldwide offices, and highest safety and operational standards as evidenced by outstanding port State records. Corporate Services Thanks to its high level of confidentiality, unparalleled customer service philosophy and excellent reputation as a leading maritime registry, the RMI Corporate Registry is going from strength-to-strenght. In particular, the Registry is experiencing tremendous success as one of the leading jurisdictions for initial public offerings (IPOs) on major stock exchanges. In recent years, over 40 RMI business entities have gone public to raise capital on exchanges in New York and London. Moreover, several business entities are in the process of going public or are already listed on other stock exchanges around the world. The RMI pemits corporate redomiciliation both into and out of the jurisdiction. The non-resident corporate program offers many unique advantages the investor, shipowner, and international businessperson. RMI business entities can be utilized for a variety of purposes including real estate and intellectual property holdings, asset management, international trade, vessel ownership, and initial public offerings. Advantages of incorporating in the RMI include: Same Day Formation Low Costs Free Apostilles Confidentiality Free Redomiciliation Modern Corporate Law For further information on the RMI Maritime and Corporate programs, please contact us or visit our website www.register-iri.com . • Arabe

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