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Corporate Offices: 2102 Kelley Court  Pittsburg, CA 94565  510-523-8900 p  925-296-0543 f <br />MEOPS060 <br />Rev 06.20.2017 Page 6 of 11 <br />and until the Vessels have returned to the port/place from which they departed (with Owner obligated to return the Vessels <br />to such port/place with due dispatch upon receipt of such notice). <br />This agreement shall automatically terminate upon the filing of any type of bankruptcy proceeding by or against a party or <br />the appointment of a trustee or conservator for a party, provided that any Time / spot charter Certificate then in effect shall <br />continue until completion of the services contemplated. <br />11. Salvage <br />Any salvage shall be for the sole benefit of Owner so long as such salvage efforts do not lead to loss/damage to cargoes and <br />so long as Charterer does not suffer economic loss due to interruption of service; if either of the two latter eventualities <br />should occur, the parties shall share salvage equally after deduction of hire paid by Charterer and costs incurred by Owner. <br />12. Extension of Benefits <br />All exceptions, exemptions, defenses, immunities, limitations of liability, privileges and conditions granted or provided <br />pursuant to this agreement or by any law for the benefit of Owner or Charterer shall be extended to and for the benefit of <br />the Vessels provided by that party as well as their respective owners, demise charterers, operators, master, officers and crew, <br />and shall further be extended to and for the benefit of all business entities parent of, subsidiary to, affiliated with or under <br />the management of that party as well as their respective directors, officers, members, employees and agents. <br />13. Assignment or Subchartering <br />Neither party may assign this agreement or its performance hereunder without the prior written consent of the other party. <br />Charterer shall not subcharter the Vessels without the prior written consent of Owner, which consent may be withheld at <br />Owner's option. Charterer may sub charter to Pyro Spectaculars North <br />14. Consequential Damages <br />Neither party nor the Vessels (including owners, charterers and operators thereof and any person or entity identified in <br />section 12, above) shall be responsible or liable for any special or consequential damages whatsoever, including, without <br />limitation, any claim for extra expense, loss of profits or loss of use, whether resulting from negligence, breach hereof, <br />unseaworthiness, or otherwise by Owner, Charterer or any other person, entity or Vessel, and even if the possibility of such <br />was or may have been foreseeable. <br />15. Limitation of Liability <br />This agreement is not a personal contract, and nothing herein shall act to prohibit or deny either party the benefit of all <br />limitations of and exemptions from liability afforded to ship owners by law, except deletion of “as owner” / “other than <br />owner” provisions in the owners hull, protection and indemnity and pollution policies detailed in section 8 – insurance. <br />ATTY/AGR./Marine Express (Page 6 of 11)