Document:

EX-4.12

Exhibit 4.12

ADDENDUM AGREEMENT

(the
“Addendum Agreement”)

TO MANAGEMENT AGREEMENTS

BETWEEN CARDIFF MARINE INC.

OF MONROVIA, LIBERIA, LAWFULLY REPRESENTED (HEREINAFTER

“CARDIFF”)

AND

OCEANRESOURCES OWNERS LIMITED (M/V JUNEAU)

OCEANCLARITY OWNERS LIMITED (M/T PINK SANDS)

OCEANFIGHTER OWNERS INC. (M/T OLINDA)

HEREINAFTER COLLECTIVELY THE “OWNERS”

Whereas the Owners are engaged in the ownership and operation of cargo vessels trading worldwide.

Whereas Oceanresources Owners Limited and CARDIFF have entered into a management agreement dated
21st June, 2007 under which Cardiff provides technical and commercial management services
associated with the vessel Juneau for an annual management fee of $123.600 as attached herein.

Whereas Oceanclarity Owners Limited and CARDIFF have entered into a management agreement dated
28th November, 2007 under which Cardiff provides technical and commercial management
services associated with the vessel Pink Sands for an annual management fee of $182.500 as attached
herein.

Whereas Oceanfighter Owners Limited and CARDIFF have entered into a management agreement dated
4th January, 2008 under which Cardiff provides technical and commercial management
services associated with the vessel Olinda for an annual management fee of $182.500 as attached
herein.

Whereas it is in the best interests of the Owners and Cardiff to renew the abovementioned
management agreements.

Whereas it was proposed that the management fees payable by Owners to Cardiff be re-set as of May
15th, 2008.

Whereas it is considered fair that the Cardiff is additionally remunerated for services pertaining
to commercial operations (Post Fixture).

IT IS HEREBY AGREED AS FOLLOWS:

The management fee payable by Oceanresources Owners Limited to Cardiff with respects to M/V Juneau
shall be Euros 550 per day effective 15th May, 2008.

1

 

The management fee payable by Oceanclarity Owners Limited to Cardiff with respects to M/T Pink
Sands shall be Euros 650 per day effective 15th May, 2008.

The management fee payable by Oceanfighter Owners Limited to Cardiff with respects to M/T Olinda
shall be Euros 650 per day effective 15th May, 2008.

The additional fee payable by Oceanresources Owners Limited to Cardiff with respects to the
Commercial Operations services pertaining to M/V Juneau as more fully described in Clause 4 of the
Commercial Management Agreement shall be Euros 150 per day effective 15th May, 2008.

The additional fee payable by Oceanclarity Owners Limited to Cardiff with respects to the
Commercial Operations services pertaining to M/T Pink Sands as more fully described in Clause 4 of
the Commercial Management Agreement shall be Euros 150 per day effective 15th May,
2008.

The additional fee payable by Oceanfighter Owners Limited to Cardiff with respects to the
Commercial Operations services pertaining to M/T Olinda as more fully described in Clause 4 of the
Commercial Management Agreement shall be Euros 150 per day effective 15th May, 2008.

The additional fee payable to Cardiff for superintendent visits on board the vessels in order to
evaluate the Vessels physical condition, and/or supervise ship board activities, and/or attend to
repairs and drydockings for a period of greater than 5 days during any successive twelve month term
(the first term commencing from the date of this Agreement) shall be Euros 360 for every additional
day.

The term of the Management Agreements is hereby extended until 31st December 2010 on the same
terms and conditions and with effect from May 15th 2008.

At the beginning of each calendar year the fees for the next 12 months will be adjusted upwards
according to the Greek Consumer Price Index referring to the previous twelve (12) calendar months.

All other terms and conditions of the Management Agreement remain unaltered and in full force and
effect, save as may have been amended by the parties, such as with regard to the fees payable as
above.

[SIGNATURE PAGE FOLLOWS]

2

 

	 	 	 
	Signed this 15th day of May 2008
	 	 
	 
	 	 
	/s/ Solon Dracailis
 

 

ON BEHALF OF OCEANRESOURCES OWNERS LIMITED

	 	 
	By: Solon Dracailis
	 	 
	Title: Chief Accounting Officer — Treasurer
	 	 
	 
	 	 
	/s/ Solon Dracailis
 

 

ON BEHALF OF OCEANCLARITY OWNERS LIMITED

	 	 
	By: Solon Dracailis
	 	 
	Title: Chief Accounting Officer — Treasurer
	 	 
	 
	 	 
	/s/ Solon Dracailis
 

 

ON BEHALF OF OCEANFIGHTER OWNERS LIMITED

	 	 
	Solon Dracailis
	 	 
	Chief Accounting Officer — Treasurer
	 	 
	 
	 	 
	/s/ Ioannis Papathanasiou
 

 

ON BEHALF OF CARDIFF

	 	 
	 
	By: Ioannis Papathanasiou
	 	 
	Title: Legal Representative
	 	 

3EX-4.13

Exhibit 4.13

ADDENDUM AGREEMENT

(the “Addendum Agreement”)

TO MANAGEMENT AGREEMENTS

BETWEEN CARDIFF MARINE INC.

OF MONROVIA, LIBERIA, LAWFULLY REPRESENTED (HEREINAFTER

“CARDIFF”)

AND

OCEANRESOURCES OWNERS LIMITED (M/V JUNEAU)

OCEANCLARITY OWNERS LIMITED (M/T PINK SANDS)

OCEANFIGHTER OWNERS INC. (M/T OLINDA)

HEREINAFTER COLLECTIVELY THE “OWNERS”

Whereas the Owners have been engaged through in the ownership and operation of cargo
vessels trading worldwide.

Whereas
Oceanresources Owners Limited as Owners and CARDIFF as Managers have entered into
a management agreement dated 21st June, 2007 under which Cardiff provides technical and
commercial management services associated with the vessel Juneau;

Whereas Oceanclarity Owners Limited as Owners and CARDIFF as Managers have entered into a
management agreement dated 28th November,
2007 under which Cardiff provides technical and commercial management services associated
with the vessel Pink Sands;

Whereas Oceanfighter Owners Limited as Owners and CARDIFF as
Managers have entered into a management agreement dated 4th January,
2008 under which Cardiff provides technical and commercial management services associated
with the vessel Olinda;

Whereas under an Addendum Agreement Dated 15th May, 2008, Oceanresources
Owners Limited, Oceanclarity Owners Limited and Oceanfighter Owners Limited amended and
renewed the management fees payable by Owners to CARDIFF to €550 per day per vessel
effective 15th
May, 2008 in connection with M/V Juneau, and €650 per day
per vessel effective 15th May, 2008 in connection with MT Pink Sands and M/T
Olinda;

WHEREAS, it is proposed that in order to align the fees currently payable to Cardiff for
management services, that the management fees with respect to M/V Juneau, M/T Pink Sands
and M/T Olinda be amended as follows effective October 1st, 2008: a) The daily management
fee in connection with M/V Juneau be amended from €550 per day to €575 per day, b)
The daily management fee in connection with M/T Pink Sands and M/T Olinda to be amended
from €650 per day to €675 per day per vessel and c) the fees payable to Cardiff
Marine Inc. in order to evaluate the physical condition, and/

 

 

or supervise shipboard activities, and/or attend to repairs and dry-dockings of M/V Juneau, M/T
Pink Sands and M/T Olinda shall be €500 per day per vessel plus expenses for any day the
superintendent is away from the office on such business;

Whereas it is in the best interests of the Owners and CARDIFF to amend the abovementioned
management agreements

Whereas it is proposed that the management fees payable by Owners to CARDIFF be re-set as of
1st October, 2008 as hereinabove stated

IT IS HEREBY AGREED AS FOLLOWS:

The management fee payable by Oceanresources Owners Limited to CARDIFF with respects to M/V
Juneau be amended from €550 per day to €575 per day effective October 1st, 2008

The management fee payable by Oceanclarity Owners Limited to CARDIFF with respects to M/T Pink
Sands shall be amended from €650 per day to €675 per day effective October 1st, 2008

The management fee payable by Oceanfighter Owners Limited to CARDIFF with respects to M/T Olinda
shall be amended from €650 per day to €675 per day effective October 1st, 2008

The fees payable to CARDIFF for services related to the evaluation of the physical condition,
and/ or supervision of shipboard activities, and/or attendance to repairs and dry-dockings of M/V
Juneau, M/T Pink Sands and M/T Olinda shall be €500 per day per vessel plus expenses for any
day the superintendent is away from the office on such business effective October 1st, 2008

At the beginning of each calendar year the fees for the next 12 months will be adjusted upwards
according to the mutually agreed Consumer Price Index.

All other terms and conditions of each respective Management Agreement and the Addendum Agreement
dated 15th May, 2008 remain unaltered and in full force and effect, save as may have
been amended by the parties, such as with regard to a the fees payable as above

[SIGNATURE PAGE FOLLOWS]

 

 

	 	 	 
	Signed this 21st day of October 2008
	 	 
	 
	 	 
	/s/
Michael Gregos
	 	 
	 

ON BEHALF OF OCEANRESOURCES OWNERS LIMITED

	 	 
	By: Michael Gregos
	 	 
	Title:
Chief Operating Officer
	 	 
	 
	 	 
	/s/
Michael Gregos 

ON BEHALF OF OCEANCLARITY OWNERS LIMITED

	 	
	By: Michael Gregos
	 	 
	Title:
Chief Operating Officer
	 	 
	 
	 	 
	/s/
Michael Gregos 

ON BEHALF OF OCEANFIGHTER OWNERS LIMITED

	 	 
	By: Michael Gregos
	 	 
	Title: Chief Operating Officer
	 	 
	 
	 	 
	/s/
Charalampos Alivizatos
	 	 
	 

ON-BEHALF OF CARDIFF

	 	 
	By: Charalampos Alivizatos
	 	 
	Title:
Legal RepresentativeEX-4.14

Exhibit 4.14

ADDENDUM AGREEMENT NO. 3

(the “Addendum Agreement”)

TO MANAGEMENT AGREEMENTS

BETWEEN CARDIFF MARINE INC.

OF MONROVIA, LIBERIA, LAWFULLY REPRESENTED (HEREINAFTER

“CARDIFF”)

AND

OCEANRESOURCES OWNERS LIMITED (M/V JUNEAU)

OCEANCLARITY OWNERS LIMITED (M/T PINK SANDS)

OCEANFIGHTER OWNERS INC. (M/T OLINDA)

HEREINAFTER COLLECTIVELY THE “OWNERS”

Whereas the Owners have been engaged in the ownership and operation of cargo vessels trading
worldwide.

Whereas Oceanresources Owners Limited as Owners and CARDIFF as Managers have entered into a
management agreement dated 21st June, 2007 as further amended on 15th May, 2008 and
21st October, 2008

Whereas Oceanclarity Owners Limited as Owners and CARDIFF as Managers have entered into a
management agreement dated 28th November,
2007 as further amended on 15th May, 2008 and 21st October, 2008;

Whereas Oceanfighter Owners Limited as Owners and CARDIFF as Managers have entered into a
management agreement dated 4th January,

2008 as further amended on 15th May, 2008 and 21st October, 2008;

IT IS HEREBY AGREED AS FOLLOWS:

That the Euro equivalent of 90 days management fees (the “Security”) will be paid to CARDIFF in
cash as security for the due, punctual, proper and correct performance by the Owners of their
obligations under the Management Agreements, such payment to be made to CARDIFF upon written demand
by CARDIFF to a bank account as designated by the CARDIFF;

That the Security to be paid by Oceanresources Owners Limited to CARDIFF with respects to
technical management services for M/V Juneau shall be € 51.750 in cash (€ 575 per day x 90 days);

That the Security to be paid by Oceanclarity Owners Limited to CARDIFF with respects to technical
management services for M/T Pink Sands shall be € 60.750 in cash (€ 675 per day x 90 days);

 

 

That the Security to be paid by Oceanfighter Owners Limited to CARDIFF with respects to technical
management services for M/T Olinda shall be € 60.750 in cash (€ 675 per day x 90 days);

That the Security to be paid by Oceanresources Owners Limited to CARDIFF with respects to
commercial management services for M/V Juneau shall be € 13.500 in cash (€ 150 per day x 90 days);

That the Security to be paid by Oceanclarity Owners Limited to CARDIFF with respects to commercial
management services for M/T Pink Sands shall be € 13.500 in cash (€ 150 per day x 90 days);

That the Security to be paid by Oceanfighter Owners Limited to CARDIFF with respects to technical
management services for M/T Olinda shall be € 13.500 in cash (€ 150 per day x 90 days);

That upon the valid effective termination of the Management Agreements CARDIFF shall only be
required to return the Security amount or any portion thereof, if the amounts due to CARDIFF
pursuant with the obligations set forth in the Management Agreements and their addenda is less
than the Security amount paid as per above, it being understood that in any event of default from
the part of the Owners, the Security is forfeited in favor of CARDIFF without prejudice to any
rights which CARDIFF may have against the Owner in law or in equity’

That a working capital reserve (Three Month Reserve) be paid to CARDIFF equal to three months
running expenses per vessel. For calculation purposes the reserve will be based on the agreed
budgeted daily average cost as per the respective management agreements;

That the Security amount and the Three Month Reserve shall be non-refundable by CARDIFF in the
event of: (i) a Change of Control of OceanFreight Inc. and (ii) any public disclosure that
OceanFreight Inc is in default of any of its agreements including but not limited to Loan
Agreements and Charter Party Agreements and such default impairs the Company’s ability to continue
its operations. Change of Control shall have the same term and meaning as set forth in the Services
Agreement dated 15th May, 2008 between CARDIFF and OceanFreight Inc.

All other terms and conditions of each respective Management Agreement and the Addendum Agreement
dated 15th May, 2008 and 21st October, 2008 remain unaltered and in full
force and effect, save as may have been amended by the parties, such as with regard to a the
payable as above

[SIGNATURE PAGE FOLLOWS]

 

 

Signed this 14th day of January 2009.

	 	 	 
	/s/ Michael Gregos
 

ON BEHALF OF OCEANRESOURCES OWNERS LIMITED

	 	 
	By: Michael Gregos
	 	 
	Title: COO
	 	 
	 
	 	 
	/s/ Michael Gregos
 

ON BEHALF OF OCEANCLARITY OWNERS LIMITED

	 	 
	By: Michael Gregos
	 	 
	Title: COO
	 	 
	 
	 	 
	/s/ Michael Gregos
 

ON BEHALF OF OCEANFIGHTER OWNERS LIMITED

	 	 
	By: Michael Gregos
	 	 
	Title: COO
	 	 
	 
	 	 
	/s/ Charalampos Alivizatos
 

ON BEHALF OF CARDIFF MARINE INC.

	 	 
	 
	By: Charalampos Alivizatos
	 	 
	Title: Legal Representative

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