Document:

EXHIBIT 4.1

         

         

        CUSIP

        SMSA PALESTINE ACQUISITION CORP.

        

        INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

         

        

        	
                	
                	
                    SEE REVERSE FOR

                	
                
	
                	
                    COMMON STOCK 

                	
                    CERTAIN DEFINITIONS

                	
                
	
                	 	
                	
                
	
                	 	
                	
                
	
                	
                    SPECIMEN

                	
                	
                

        

        

        

         

         

        This

        certifies

        that

         

         

         

         

         

         

         

        is the owner of

         

         

        

         

         

        FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, $0.001 PAR VALUE, OF

        SMSA PALESTINE ACQUISITION CORP.

        

        (hereinafter called the "Corporation"), transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney, upon surrender of the Certificate properly endorsed. This certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Certificate of
        Incorporation and the Bylaws of the Corporation, as amended (copies of which are on file at the office of the Transfer Agent), to all of which the holder of this Certificate by acceptance hereof assents. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. Witness the facsmile seal of the Corporation and the facsimile signatures of its duly authorized officers.

         

        

        	DATE:	 	 	 	 	 
	 	
                
	 	
                
	
                	
                      [CORPORATE SEAL OMITTED]

                	 	 
	 	
                
	 	
                
	 	
                
	
                	 	 Countersigned:	 	 
	PRESIDENT	 	 	SECURITIES TRANSFER CORPORATION	 	 
	
                	 	 	P.O. Box 701629	 	 
	
                	 	 	Dallas, TX 75370	 	 
	
                	 	 	By:	 	 
	
                	 
	
                	
                
	SECRETARY	 	 	___________________________________	 	 
	
                	 	 	TRANSFER AGENT-AUTHORIZED SIGNATUREex104.htm

    Exhibit
10.4

     

    WAIVER
AND MODIFICATION AGREEMENT

    

    Hague
Corp.                                                                                                                                                                                                                                                                                                  February
5, 2009

    7700 S.
River Parkway

    Tempe, AZ
85284

    

    Re:  Registration
Rights Agreement dated as of November 4, 2008

    

    Gentlemen:

    

    Each of the undersigned has entered
into a Registration Rights Agreement dated as of November 4, 2008, by and
between Hague Corp. and the several parties identified below. The Registration
Rights Agreement was entered into in connection with a Securities Purchase
Agreement dated as of the same date between Hague Corp. (the “Company”) and each
purchaser, as well as other transactional documents, including, without
limitation, Debentures, a Security Agreement, an Escrow Agreement and a
Subsidiary Guarantee, as well as certain exhibits and schedules thereto, and
related documents and agreements executed in connection with the transactions
contemplated thereunder (collectively the “Transaction
Documents”).  Further, Section 8 of the Debentures provides for an
event of default under subparagraphs ix and x in the event certain registration
rights have not been fulfilled by the Company within the time parameters
specified therein.

    

    By
signing below, each of the undersigned purchasers agrees to a 180-day extension
under the Registration Rights Agreement and under Section 8 of the Debentures
and any related provisions contained in the other Transaction Documents. This
180-day extension shall apply to all time periods specified in the Transaction
Documents that relate to these registration rights, as they pertain to obtaining
an effective Registration Statement for the Company’s Initial Registration
Statement. The parties agree that this Waiver and Modification shall not affect
the validity and the other terms and conditions of the Transaction Documents,
other than as described above.

    

    

    Name of Purchaser:  MKM Opportunity Master
Fund, Ltd.

    

    Signature
of Purchaser:   /s/ David
Skriloff                                                          

    Name and
Title of authorized Signatory: David Skriloff, Portfolio Manager

    

    

    Name of
Purchaser:  MKM SP1, LLC

    

    Signature
of Purchaser:  /s/ David
Skriloff                                                           

    Name and
Title of authorized Signatory: David Skriloff, Portfolio Manager

    

    

    Name of Purchaser: Steven
Posner Irrevocable Trust u/t/a Dated 06/17/65

    

    Signature
of Purchaser:  /s/ Steven
Posner                                                          

    Name and
Title of authorized Signatory: Steven Posner, Trustee

    

    

    

    AGREED TO
AND ACCEPTED BY:

    

    HAGUE
CORP.

    

    By:  /s/ Andrew
McKinnon                                                                

             Andrew
McKinnon, authorized on behalf of the CompanyExhibit 10.1

February 9, 2009

	
 

	
Each of the
Borrowers and Loan Parties

	
party to the Credit Agreement identified
below

	
c/o U.S.
Shipping Partners L.P.

	
399 Thornall
Street

	
Edison, NJ
08837

Re: Extension
of Waiver and Fourth Amendment and Forbearance Agreement

Ladies and
Gentlemen:

          Reference
is made to (i) the Third Amended and Restated Credit Agreement, dated as of August 7,
2006, entered into by and among U.S. Shipping Partners, L.P. (“MLP”),
U.S. Shipping Operating LLC, ITB Baltimore LLC, ITB Groton LLC, ITB
Jacksonville LLC, ITB Mobile LLC, ITB New York LLC, ITB Philadelphia LLC, USS
Chartering LLC, USCS Chemical Chartering LLC, USCS Chemical Pioneer Inc., USCS
Charleston LLC, USCS Charleston Chartering LLC, USCS ATB LLC, USS ATB 1 LLC, USS
ATB 2 LLC, USCS Sea Venture LLC, USS M/V Houston LLC, U.S. Shipping Finance
Corp., USS JV Manager Inc., USS PC Holding Corp., and USS Product Manager LLC
(collectively, the “Borrowers”), the various financial institutions as
are or may become parties to the Credit Agreement as hereinafter defined
(collectively, the “Lenders”), Canadian Imperial Bank of Commerce, as
Letter of Credit Issuer, Canadian Imperial Bank of Commerce (“CIBC”), as
administrative agent for the Lenders (in such capacity, the “Administrative
Agent”), Lehman Commercial Paper Inc., as the syndication agent for the
Lenders (in such capacity, the “Syndication Agent”), and Keybank
National Association, as collateral agent (in such capacity, the “Collateral
Agent”) for the Secured Parties (as defined therein), as amended to date
(as the same may be further amended, restated, or otherwise modified from time
to time, the “Credit Agreement”), (ii) the Waiver and Fourth Amendment
to Third Amended and Restated Credit Agreement, dated as of October 20, 2008,
among the Borrowers, the Administrative Agent, the Collateral Agent, the
Syndication Agent and the Lenders party thereto (as amended by the Extension
Letter (defined below), the “Amendment”), (iii) the Extension of Waiver
and Fourth Amendment, dated January 21, 2009, among the Administrative Agent,
the Syndication Agent, the Collateral Agent, and the Lenders party thereto (the
“Extension Letter”), and (iv) the Forbearance Agreement, dated as of
December 30, 2008, by and among the Borrowers, the Lenders party thereto, the
Administrative Agent, the Syndication Agent, and the Collateral Agent (the “Forbearance
Agreement”). Any term used herein and not otherwise defined herein shall
have the meaning assigned to such term in the Credit Agreement.

          The
parties hereby agree that:

	
 

	
 

	
 

	
 

	
(i)

	
Section 12
of the Amendment is hereby amended by deleting the reference to “February 10,
2009” appearing in the second line thereof and replacing such reference with
“the earlier of (i) February 20, 2009 and (ii) the date on which the
Borrowers make an interest payment in respect of the Senior Notes”; 

	
 

	
 

	
 

	
 

	
(ii)

	
Section 2 of
the Forbearance Agreement is hereby amended by deleting the reference to
“February 10, 2009” appearing in the thirteenth line thereof and replacing
such reference with “the earlier of (i) February 20, 2009 and (ii) the date
on which the Borrowers make an interest payment in respect of the Senior
Notes”; and 

	
 

	
 

	
 

	
 

	
(ii)

	
all other
terms and obligations set forth in the Amendment and the Forbearance
Agreement shall remain in full force and effect.

          This
letter agreement (the “Letter Agreement”) shall become effective as of
the date first above written upon receipt by the Administrative Agent of duly
executed counterparts of this Letter Agreement from the Borrowers, the
Administrative Agent, the Letter of Credit Issuer and the Majority Lender.

          This
Letter Agreement may be executed by the parties hereto in several counterparts,
each of which shall be an original and all of which shall constitute together
but one and the same agreement. Delivery of an executed counterpart of a
signature page to this Letter Agreement by facsimile shall be effective as
delivery of a manually executed counterpart of this Letter Agreement.

          Nothing
contained in this Letter Agreement shall constitute a waiver of any right,
power or remedy of the Administrative Agent or any Lender under the Credit
Agreement or any other Loan Document. Except to the extent hereby amended,
waived or modified, nothing contained in this Letter Agreement shall constitute
an amendment, modification or waiver of such documents.

          THIS LETTER AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN
ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK. This Letter Agreement is a Loan Document
executed pursuant to the Credit Agreement and shall be construed and
administered in accordance with all of the terms and provisions of the Credit
Agreement.

[The remainder of this page left blank intentionally]

- 2 -

          This
letter shall be governed by and construed in accordance with the laws of the
State of New York.

	
 

	
 

	
 

	
 

	
 

	
AGENTS AND LENDERS:

	
 

	
 

	
 

	
 

	
 

	
CANADIAN IMPERIAL BANK OF COMMERCE, as
 Administrative Agent and Letter of Credit Issuer

	
 

	
 

	
 

	
 

	
 

	
By:

	
/s/

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
 

	
LEHMAN COMMERCIAL PAPER INC., as Syndication
 Agent and Lender

	
 

	
 

	
 

	
 

	
 

	
By:

	
/s/

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Name:

	
 

	
 

	
Title: 

	
 

	
 

	
 

	
 

	
 

	
KEYBANK NATIONAL ASSOCIATION, as Collateral
 Agent 

	
 

	
 

	
 

	
 

	
 

	
By:

	
/s/

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
_________________________________________________,

 as Lender

	
 

	
 

	
 

	
 

	
 

	
By:

	
/s/

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
Name:

	
 

	
 

	
Title:

- 3 -

	
 

	
 

	
ACCEPTED AND
 AGREED:

	
 

	
 

	
BORROWERS:

	
 

	
 

	
U.S. SHIPPING PARTNERS L.P. 

	
 

	
 

	
By:

	
US Shipping
 General Partner LLC,

	
 

	
its General
 Partner

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
U.S. SHIPPING OPERATING LLC 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
ITB BALTIMORE LLC 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
ITB GROTON LLC

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
ITB JACKSONVILLE LLC

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
ITB MOBILE LLC

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

- 4 -

	
 

	
 

	
ITB NEW YORK LLC

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
ITB PHILADELPHIA LLC

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
USS CHARTERING LLC

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
USCS CHEMICAL CHARTERING LLC

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
USCS CHEMICAL PIONEER INC.

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
USCS CHARLESTON CHARTERING LLC 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
USCS CHARLESTON LLC 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
Name:

	
Ronald L.
 O’Kelley

	
Title:

	
Chief
 Executive Officer

- 5 -

	
 

	
 

	
 

	
USCS ATB LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
 

	
Name:

	
Ronald L.
 O’Kelley

	
 

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
 

	
 

	
USCS ATB 1 LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
 

	
Name:

	
Ronald L.
 O’Kelley

	
 

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
 

	
 

	
USCS ATB 2 LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
 

	
Name:

	
Ronald L.
 O’Kelley

	
 

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
 

	
 

	
USCS SEA VENTURE LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
 

	
Name:

	
Ronald L.
 O’Kelley

	
 

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
 

	
 

	
USS M/V HOUSTON LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
 

	
Name:

	
Ronald L.
 O’Kelley

	
 

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
 

	
 

	
U.S. SHIPPING FINANCE CORP.

	
 

	
 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
 

	
Name:

	
Ronald L.
 O’Kelley

	
 

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
 

	
 

	
USS PRODUCT MANAGER LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
 

	
Name:

	
Ronald L.
 O’Kelley

	
 

	
Title:

	
Chief
 Executive Officer

	
 

- 6 -

	
 

	
 

	
 

	
USS JV MANAGER INC.

	
 

	
 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
 

	
Name:

	
Ronald L.
 O’Kelley

	
 

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
 

	
 

	
USS PC HOLDING CORP.

	
 

	
 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
 

	
Name:

	
Ronald L.
 O’Kelley

	
 

	
Title:

	
Chief
 Executive Officer

	
 

- 7 -

	
 

	
 

	
 

	
GUARANTORS:

	
 

	
 

	
 

	
 

	
USS ATB 3 LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
 

	
Name:

	
Ronald L.
 O’Kelley

	
 

	
Title:

	
Chief
 Executive Officer

	
 

	
 

	
 

	
 

	
USS ATB 4 LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ Ronald
 L. O’Kelley

	
 

	
Name:

	
Ronald L.
 O’Kelley

	
 

	
Title:

	
Chief
 Executive Officer

	
 

- 8 -

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