13D Filing: Oaktree Capital Group Holdings GP, LLC and Torm PLC

13.

We acknowledge and agree that in the event that we sell or otherwise transfer legal or beneficial ownership of the Shares to another party, the Placement Agent and the Company shall have no responsibility for (a) any disclosure to such third party concerning the Shares, (b) the determination of the suitability of such third party’s investment in the Shares, and (c) such sale or transfer being made in compliance with any requirements of applicable law.

14.

We are authorized to subscribe for the Shares and the person signing this Subscription Form is authorized to sign this letter agreement on our behalf.

15.

We understand that the Shares being offered and sold to us in reliance on specific exemptions from the registration requirements of United States federal and state securities laws and that the Company, the Placement Agent, and their respective legal counsels are relying in part upon the truth and accuracy of, and the undersigned’s compliance with, the representations, warranties, agreements, acknowledgements and understandings of the undersigned set forth herein in order to determine the availability of such exemptions and the eligibility of the undersigned to subscribe for the Shares.

16.

The Private Placement, this Subscription Form and any controversy or claim arising out of or relating to this Subscription Form shall be governed by and construed and interpreted in accordance with the laws of the Kingdom of Denmark and be subject to the jurisdiction of the Danish courts.

17.

Any provision of this Subscription Form that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of that prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of that provision in any other jurisdiction. The Company and the Placement Agent shall be entitled to rely conclusively on the provisions hereof.