|   | 1. | Reederei      Hartmann GmbH & Co. KG, |
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|   | 2. | Suresh      Capital Maritime Partners GermanGmbH |
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|   | A. | Hartmann      and SCMP entered into the Share Transfer Agreement signed in February 2009      (as from time to time supplemented or amended the “Agreement”) to set out      their mutual rights and liabilities in respect of a placement guarantee      provided by Hartmann in respect of the share capital payable by SCMP for 9      single purpose companies; and |
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|   | B. | The      Parties wish to alter said Agreement to reflect changes in the overall      situation since occurred; |
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| 1. | In      case the SCMP Share in ATL Offshore GmbH & Co. “Isle of Baltrum” KG      has been assigned to and in favour of Hartmann pursuant to Clause 4.1 of      the Agreement, Hartmann hereby re-assigns to and in favour of SCMP the      Transferred SCMP Shares in ATL Offshore GmbH & Co. “Isle of Baltrum”      KG with immediate effect.  SCMP hereby accepts such      re-assignment. |
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| 2. | Cl.      1.2 shall be deleted and replaced asfollows: |
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|   | “1.2 | In      order to secure that the funds collected by SCMP shall be used solely for      the capitalization of the SPVs, such collected funds shall be credited to      an escrow account of the lawyers Ahlers & Vogel in Hamburg,      Germany.  Ahlers & Vogel are hereby irrevocably instructed      to release amounts from the escrow account upon receipt of a written      demand by ATL stating that a payment of Agreed Equity payment is due      hereunder and nominating the SPV and the relevant bank account payment is      to be made to. |
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|   | In      case of there being only partial funds available at the time of a funding      demand, Ahlers & Vogel are irrevocably instructed to make payment of      all and any funds available at the payment date, informing both SCMP and      Hartmann about the amount actuallypaid.” |
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| 3. | Cl.      3.1 shall be deleted and replaced asfollows: |
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|   | “3.1 | SCMP      hereby accept that any dividends that may be declared and be paid or      become due to be paid to SCMP as a limited partner or any interest accrued      in accordance with cl. 1.3 shall be used by SCMP as    follows: |
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|   | 3.1.1. | Dividends      and/or interest paid or declared in respect of any SPVs for which Hartmann      contributed equity in accordance with cl. 4 hereof and has entered into a      loan agreement with SCMP in this respect shall be paid to Hartmann in      repayment of such loan until such loan has been fully    repaid; |
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|   | 3.1.2. | any      other dividends and/or interest are to be paid exclusively to the escrow      account until full share capitalization of the SCMP Share has been      effected by payment of either SCMP or by Hartmann according to this      Agreement.” |
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| 4. | Cl.      3.2 shall be supplemented by the following  provision: |
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| 5. | Cl.      4 of the Agreement shall be deleted in its entirety and replaced as      follows: |
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|   | “4.1 | If      and insofar as SCMP does not pay the SCMP Share on the SCMP Equity Payment      date and Hartmann therefore makes a contribution to the equity under the      terms and conditions of the Corporate Guarantee or otherwise, SCMP shall      enter into a separate loan agreement for each Vessel with Hartmann      regulating the repayment and securing of funds so provided by      Hartmann. |
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|   | 4.2 | SCMP      warrants that it will not until the earlier of (i) payment of it’s equity      by itself or (ii) re-payment of the individual loans as set out in cl. 4.1      above allow the rights deriving from its participation as limited partner      in the SPVs to be attached pledged or in any way encumbered or      assigned.” |
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| 6 | All      other terms and conditions of the Agreement to remain      unchanged.  Words in Capitals in the Addendum shall have the      same meaning as in Agreement unless otherwise defined    herein. |
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| /s/ Dr. Niels Hartmann                   |   | /s/ Jason Morton                               |
|------------------------------------------|--------|------------------------------------------------|
| Reederei      Hartmann GmbH & Co. KG |   | Suresh      Capital Maritime Partners          |
| Name:      Dr. Niels Hartmann            |   | German      GmbH                               |
| Title:      Managing Director            |   | Name:  Jason      Morton/Darrel Cain |
|                                     |   | Title:  Managing      Director       |
|                                     |   |                                           |
| /s/ Dr. Niels Hartmann                   |   | /s/ Dr. Niels Roggemann                        |
| UOS      United Offshore Support GmbH    |   | Hartmann      Offshore GmbH & Co.          |
| &      Co. KG                        |   | KG                                             |
| Name:      Dr. Niels Hartmann            |   | Name:  Niels      Roggemann          |
| Title:      Managing Director            |   | Title:  Managing      Director       |
|                                     |   |                                           |
| /s/ Dr. Niels Hartmann                   |   |                                           |
| ATL      Offshore GmbH for and on        |   | Acknowledged      by                           |
| behalf      of the SPV’s           |   | Ahlers      & Vogel                        |
| Name:      Dr. Niels Hartmann            |   | Dr.      Jan Erik Potschke                     |
| Title:      Managing Director            |   |                                           |

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