Exhibit 10.2
  AMG Seller Buyer Agreement
  1.
    
    Amendments. Notwithstanding any provision of the Agreement to the contrary, the
Parties hereby agree to amend the Agreement as follows: (a) the Purchase Price and the Closing
Payment shall each be Five Million Dollars ($5,000,000); (b) Buyer shall not be obligated to
make the payments set forth in Section 2.2(b), (c) or (d) of the Agreement and such Sections
are hereby deleted from the Agreement; (c) neither the Purchase Price nor the Closing Payment
shall be adjusted pursuant to Section 2.3 of the Agreement; (d) the Closing Date is May 13,
2009; and (e) the Purchase Price allocated pursuant to Schedule 2.6 of the Agreement shall be
$4,500,000 to Nishida Tekko American Corporation & BMI Acquisition and $500,000 to Bellport
Group, Inc.
 2.
    
    Acquired Company Adjustments. The Parties hereby acknowledge and agree that
Schedule 7.7 attached hereto shall be deemed to be Schedule 7.7 under the
Agreement.
 3.
    
    Indemnification. Subject to the provisions of Article VIII of the Agreement, Buyer
hereby agrees to also indemnify, defend, save and keep the Seller Indemnitees harmless against
and from all Damages sustained or incurred by Seller Indemnities to the extent they are a
result of, arise out of or are by virtue of Sellers guaranty of that certain Indemnity
Agreement in favor of CNA Surety dated June 19, 2008.
 4.
    
    Notices. Seller hereby covenants to Buyer that within one day after the Closing
Date, Seller will deliver each of the notices referred to in Items 2 through 6 of Section 4.4
of the Disclosure Letter.
 5.
    
    Insurance Refund. Seller hereby covenants to Buyer that within one day after the
Closing Date, Seller will fax or email a letter, substantially in the form attached hereto as
Exhibit A (the Insurance Refund Letter), to each insurer listed on Section
4.19 of the Disclosure Letter, instructing such insurer to cancel all forms of insurance
maintained by Seller on behalf of, or for the benefit of, any of the Acquired Companies on
their business or employees and to remit all refunds on such insurance which are attributable
to periods commencing immediately after the Closing Date directly to Buyer. Seller covenants
that it shall not rescind, amend or otherwise modify the instructions contained in the
Insurance Refund Letter and in the event an insurer sends any such payment to Seller, Seller
shall immediately, no later than one business day following Sellers receipt of such
payment, forward such payment to Buyer via overnight or same day delivery. For the
avoidance of doubt, Seller shall not be required to pay to Buyer such refunds on insurance
which are received by Buyer directly pursuant to this paragraph.




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6.
    
    Complimentary Cruises. Seller shall provide, or cause its Affiliates to provide,
Buyer or any Person(s) designated by Buyer (each, a Designee) a total of
seventy-five (75) complementary Cruises (as defined below) on any cabin on any Windstar
Cruise that begins on or prior to May 12, 2012 without paying any cruise fare, taxes or port
charges, ten (10) of which will be on a space available basis 120 days prior to sailing and
sixty-five (65) of which will be on a space available basis 60 days prior to sailing. Cruise
shall be defined as any available cabin up to its maximum occupancy. Buyer may schedule the
Cruises by calling the customer representative designated by Seller. Each Designee and his or
her guests shall be obligated to pay any and all fees, expenses or other charges (excluding
taxes and port charges) that are not covered under the standard cruise fare, including,
without limitation, any expenses relating to the purchase of any gifts or alcohol. Each
Designee shall be permitted to gift, donate or otherwise transfer the Cruises without
consideration; provided, that, the Cruises shall not be resold for value. Seller shall
provide Buyer with a report on a quarterly basis showing the number of Cruises used and the
number of Cruises available.
 Miscellaneous
 (a)
    
    This Letter Agreement may be executed in one or more counterparts, each of
which shall be deemed an original but all of which together will constitute one and the
same instrument.
 (b)
    
    The provisions of this Letter Agreement shall be binding upon and inure to the
benefit of the Parties named herein and their respective successors and permitted
assigns. No Party may assign either this Letter Agreement or any of its rights,
interests, or obligations hereunder without the prior written approval of the other
Party.
 (c)
    
    This Letter Agreement shall be governed by and construed in accordance with the
domestic Laws of the State of Delaware without giving effect to any choice or conflict
of Law provision or rule (whether of the State of Delaware any other jurisdiction) that
would cause the application of the Laws of any jurisdiction other than the State of
Delaware.
 (d)
    
    In the event of any inconsistency between the terms and provisions of this
Letter Agreement and the terms and provisions of any other agreement between or among
the Parties hereto, the terms and provisions of this Letter Agreement shall govern.
 (e)
    
    Any term or provision of this Letter Agreement that is invalid or unenforceable
in any situation in any jurisdiction shall not affect the validity or enforceability of
the remaining terms and provisions hereof or the validity or enforceability of the
offending term or provision in any other situation or in any other jurisdiction.
  2




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(f)
    
    This Letter Agreement shall not confer any rights or remedies upon any Person
other than the Parties and their respective successors and permitted assigns.
   By:Name:
    Joseph J. UeberrothTitle:
    President  By:Name:
    Arthur A. RodneyTitle:
    Chief Executive Officer  By:Name:
    Arthur A. RodneyTitle:
    Chief Executive Officer  3




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Schedule 7.7
 Acquired Company Adjustments
   Due from BMI
    
    $35,541.33 (payroll)
  Due from Bellport 
Due from Bellport
    
    $3,343.55 (admin fees)
$944,410.50 (Anacapa)




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EXHIBIT A
 
  
 Policy
  Agreement Seller AMG Buyer




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Sincerely,
AMBASSADORS INTERNATIONAL, INC.By:Name:
    Arthur A. RodneyTitle:
    Chief Executive Officer  
  By:Name:Title:




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EXHIBIT A
 1.
    
    Bellingham Marine Industries, Inc.2.
    
    Florida Floats, Inc.3.
    
    Concrete Flotation Systems, Inc.4.
    
    BMI Acquisition Co.5.
    
    BMI Properties, LLC6.
    
    Bellingham Marine Australia Pty,
Ltd.7.
    
    Bellingham Marine New Zealand Ltd.8.
    
    Bellingham Marine Europe Limited9.
    
    Bellingham Marine SEA Sdn. Bhd.10.
    
    Bellingham Marine Singapore11.
    
    Marine Technologies Pty. Ltd.12.
    
    Nishida Tekko America Corp13.
    
    Bellingham Marine Mexico, SA. de
C.V14.
    
    Marina Accessories, Inc.15.
    
    Bellingham Marine Spain, SL16.
    
    Bellingham Marine France17.
    
    Bellingham Marine Costa Rica SRL18.
    
    Bellingham Marine Panama S.A.19.
    
    Bellport Group Inc.20.
    
    Bellja Holding Co. Inc.21.
    
    Ambassadors Marine Group LLC22.
    
    Deer Harbor WI, LLC