Document:

d1368151_ex4-24.htm

Exhibit 4.24

SUPPLEMENTAL LETTER

	
To:

	
DryShips Inc.

Trust Company Complex

Ajeltake Road

Ajeltake Island

Majuro

The Marshall Islands MI 96960

	  
	  	  	  
	
From:

	
HSH Nordbank AG

Gerhart-Hauptmann-Platz 50

D-20095Hamburg

Germany

	  

Dear Sirs

27 September 2012

	
1

	
Background.

 

	
(A)

	
By a loan agreement dated 31 March 2006 (as supplemented, amended and restated from time to time, the “Senior Loan Agreemeat”) and made between(i) Dryships Inc. as borrower (the “Borrower”), (ii) the banks and financial institutions listed in Part A of Schedule I thereto as lenders (the “Senior Lenders”), (iii) the banks and financial institutions listed in Part B of Schedule 1 thereto as swap banks (together, the “Swap Banks” and each a “Swap Bank”), (iv) ourselves as agent, lead monger, lead bookrunner and security trustee, (v) ourselves and Bank of Scotland plc (“B0S”) as joint underwriters and (vi) BOS as joint bookrunner, it was agreed that the Senior Lenders would make available to the Borrower a term loan and short-teem credit facilities of (originally) up to US$518,750,000 (the “Senior Loans’) in aggregate.

 

	
(B)

	
By two ISDA master agreements (each on the 1992 ISDA Master Agreement (Multicurrency-crossborder) form) and each dated 31 Much 2006 (the “Senior Master Agreement” and, in the plural, means both of them) made between the Borrower and a Swap Bank, the Borrower has entered into or will enter into certain Designated Transactions (as such term is defined in the said Senior Loan Agreement) pursuant to separate Confirmations (as such term is defined in the said Senior Loan Agreement).

 

	
(C)

	
By a letter (the “New Letter”) dated 20 April 2012 the Agent:

 

	
  

	
(i)

	
notified the Borrower there was a shortfall (the “Shortfall”) at that time in the security cover required to be maintained pursuant to clause 15.1 of the Senior Loan Agreement; and

 

	
  

	
(ii)

	
called on the Borrower, pursuant to clause 15.1 of the Senior Loan Agreement within 14 days of the date of the New Letter, either

 

(1)           to provide, or ensure that a third party provides, additional security which, in the opinion of the Majority Lenders, has a net realizable value at least equal to

 

  

  

  

the shortfall and which, if it consists of or includes a Security Interest, covers such asset or assets and Is documented in such terms as we may, with authorization from the Majority Lenders, approve or require; or

 

(2)           prepay in accordance with clause 8 of the Senior Loan Agreement such part (at least) of the Senior Loan as will eliminate the shortfall.

 

	
(D)

	
Following the Borrower’s non-compliance with the terms of the New Letter and clause 15.1 of the Senior Loan Agreement, by a letter dated 8 May 2012 we reserved the rights of the Creditor Parties under the Senior Loan Agreement and all other Finance Documents.

 

	
(E)

	
The Borrower has requested and the Lenders agreed to receive certain additional security to rectify the Shortfall.

 

	
(F)

	
This Agreement sets out the terms and conditions on which the Lenders agree to:

 

	
  

	
(i)

	
receive certain additional security to rectify the Shortfall; and

 

	
  

	
(ii)

	
the consequential amendments to the Loan Agreement and the other Finance Documents in connection with those matters.

 

Words and expressions in the Senior Loan Agreement shall have the same meaning when used in this Letter.

 

	
2

	
Agreement and amendments to the Senior Loan Agreement. Subject to the satisfaction of the conditions of this Letter and with effect from the date of this Letter, the Senior Loan Agreement shall be amended as follows:

 

	
(a)

	
by deleting the definition of “Shares Pledge” in clause 1.2 thereof in its entirety;

 

	
(b)

	
by adding the following new definitions in clause 1.2 thereof:

 

“Control Agreement” means, in respect of the Pledge and Security Agreement, a control agreement in respect of the control and ownership of the Required Shares executed between the Borrower, Ocean Rig as issuer and the Security Trustee in such form as the Lenders may approve or require;

 

“Pledge and Security Agreement” means, in respect of the Required Shares, a pledge and security agreement executed by the Borrower in favour of the Security Trustee pursuant to Clause 15.10 in such form the Lenders may approve or require,”;

 

	
(c)

	
by replacing the words “Shares Pledge” in sub-paragraph (w) in the definition of “Finance Documents” in clause 1.1 thereof with the words ‘Pledge and Security Agreement”;

 

	
(d)

	
by adding to the definition of “Finance Documents” in clause 1.1 thereof a new sub-paragraph (x) as follows:

 

“(x) the Control Agreement;”,

 

  

  

  

and by re-designating the existing sub-paragraph (x) in the definition of “Finance Documents” in clause 1.1 thereof as a new sub-paragraph (y);

 

	
(e)

	
by replacing therein clause 15.10 with the following new clause:

 

“15.10 Additional security during the Additional Security Period. The Borrower undertakes with the Lenders:

 

	
  

	
(a)

	
to execute and deliver on the first date of the Additional Security Period the Pledge and Security Agreement and, to cause Ocean Rig as Issuer, to execute and deliver together with the Borrower, the Control Agreement referred to therein in respect of the Required Shares; and

 

	
  

	
(b)

	
deliver to the Agent such other documents equivalent to those referred to in paragraphs 3, 4 and 5 of Schedule 5, Part A as the Agent may require in connection with the execution of the Pledge and Security Agreement; and

 

	
  

	
(c)

	
to ensure that any additional security given pursuant to this Clause 15.10 shall remain in full force and effect until the last date of the Additional Security Period.

 

In this Clause 15.10:

 

“Additional Security Period” means the period commencing on 1 April 2012 and ending on 30 June 2013;

 

“Required Shares” means 7,800,000 issued and outstanding shares of common stock in Ocean Rig (including all other or additional stock or other securities or property paid or distributed in respect of the Required Shares by way of stock-split, spin-oft; split-up, reclassification, combination of shares or similar arrangements) currently in the legal and beneficial ownership of the Borrower to be pledged in favour of the Security Trustee pursuant to this Clause 15.10 in order to rectify the Shortfall.” and

 

	
(f)

	
by construing all references therein to “this Agreement” where the context admits as being references to “this Agreement” as the same is amended and supplemented by this Letter.

 

	
3

	
Amendments to Finance Documents. With effect on and from the data of this letter each of the Finance Documents (other than the Senior Loan Agreement) shall be, and shall be deemed by this Agreement to have been, amended as follows:

 

	
(a)

	
the definition of, and references throughout each of the Finance Documents to “this Agreement” the Senior Loan Agreement and any of the other Finance Documents shall be construed as if the same referred to the Sensor Loan rent and those Finance Documents as amended and supplemented by this Letter;

 

	
(b)

	
by construing references throughout each of the Finance Documents to “this Agreement”, “this Deed”, “hereunder and other like expressions as lithe same referred to such Finance Documents as amended and supplemented by this Letter.

 

  

  

  

	
4

	
Senior Lean Agreement and Finance Documents. The Borrower hereby agrees with the Lenders that the provisions of the Senior Loan Agreement and the Finance Documents shall be and are hereby re-affirmed and remain in full force and effect.

 

	
5

	
Representations and Warranties. The Borrower hereby represents and warrants to the Lenders that:

 

	
(a)

	
the representations and warranties contained in the Senior Loan Agreement are true and correct on the date of this Letter as if all references therein to Agreement” were references to the Senior Loan Agreement as supplemented by this Letter; and

 

	
(b)

	
this Letter comprises the legal, valid and binding obligations of the Borrower enforceable in accordance with its terms.

 

	
6

	
Conditions. Our agreement contained in paragraph 2 of this Letter shall be expressly subject to the condition that we shall have received in food and substance as may be approved or required by us on or before the signature hereof:

 

	
(a)

	
copies of resolutions passed at a meeting of the board of directors of the Borrower evidencing approval of this Letter, the Pledge and Security Agreement and the Control Agreement and authorising appropriate officers or attorneys to execute the same;

 

	
(b)

	
the original of any power of attorney issued in favour of any person executing this Letter, the Pledge and Security Agreement and the Control Agreement on behalf of the Borrower; and

 

	
(c)

	
a duly executed original of this Letter, the Pledge and Security Agreement and the Control Agreement;

 

	
(d)

	
evidence that the relevant UCC statement in respect of the Pledge and Security Agreement has been filed;

 

	
(e)

	
favourable legal opinions from lawyers appointed by the Agent on such matter

 

	
  

	
concerning the laws of the Republic of the Marshall Islands and such other relevant jurisdiction as the Agent may require; and

 

	
(f)

	
copies of all governmental and other consents, licences, approvals and authorisations as may be necessary to authorise the performance by the Borrower of its obligations under this Letter, the Pledge and Security Agreement and the Control Agreement and the execution, validity and enforceability of this Letter.

 

	
7

	
Notices. Clause 28 (Notices) of the Senior Loan Agreement shall extend and apply to this Letter as if the same were (mutatis mutandis) herein expressly set forth.

 

	
8

	
Governing Law. This Letter shall be governed by and construed in accordance with English law and Clause 30 (Law and Jurisdiction) of the Senior Loan Agreement shall extend and apply to this Letter as if the same were (mutatis mutandis) herein expressly set forth.

 

 

  

  

  

Please confirm your acceptance to the foregoing terms and conditions by signing the acceptance at the foot of this letter.

 

Yours faithfully

/s/ Vassiliki Georgopoulos________________

Vassiliki Georgopoulos

for and on behalf of

HSH NORDBANK AG

(as Agent for and on behalf

of all Creditor Parties)

Accepted and agreed

/s/ Dimitrios Glynos____________________

Dimitrios Glynos

for and on behalf of

DRYSHIPS INC.

Dated: 27 September 2012

  

  

  

COUNTERSIGNED this 27 day of September 2012 for and on behalf of the below companies each of which, by its execution hereof confirm and acknowledges that it has read and understood the terms and conditions of this supplemental letter, that it agrees in all respects to the same and that the Finance Documents to which it is a party shall continue to stand as security for the obligations of the Borrower under the Borrow under the Senior Loan Agreement and the Senior Master Agreement.

	  	  	  
	
for and oh behalf of

WEALTH MANAGEMENT INC.

	  	
for and on behalf of

SAMSARA SHIPPING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

MALVINA SHIPPING COMPANY LIMITED

	  	
for and on behalf of

ARLETA NAVIGATION COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

BORSARI SHIPPING COMPANY LIMITED

	  	
for and on behalf of

ONIL SHIPPING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	
for and on behalf of

FABIANA NAVIGATION COMPANY LIMITED

	  	
for and on behalf of

CELINE SHIPPING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

KARMEN SHIPPING COMPANY LIMITED

	  	
for and on behalf of

THELMA SHIPPING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

ARGO OWNING COMPANY LIMITED

	  	
for and on behalf of

KRONOS OWNING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

  

  

  

	  	  	  
	
for and oh behalf of

TETHYS OWNING COMPANY LIMITED.

	  	
for and on behalf of

SELENE OWNING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

DIONE OWNING COMPANY LIMITED

	  	
for and on behalf of

URANUS OWNING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	
for and on behalf of

TEMPO MARINE CO.

	  	
for and on behalf of

STAR RECORD OWNING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

REA OWNING COMPANY LIMITED

	  	
for and on behalf of

PHOEBE OWNING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Maltad1367501_ex4-25.htm

Exhibit 4.25

SUPPLEMENTAL LETTER

	
To:

	
DryShips Inc.

Trust Company Complex

Ajeltake Road

Ajeltake Island

Majuro

The Marshall Islands MI 96960

	  
	  	  	  
	
From:

	
HSH Nordbank AG

Gerhart-Hauptmann-Platz 50

D-20095Hamburg

Germany

	  

Dear Sirs

27 September 2012

	
1

	
Background.

 

	
(A)

	
By a loan agreement dated 31 March 2006 (as supplemented, amended and restated from time to time, the “Junior Loan Agreement”) and made between (1) DryShips Inc. as borrower (the “Borrower”), (ii) the banks and financial Institutions listed in Pert A of Schedule 1 thereto as lenders (the “Junior Lenders”), (iii) the banks and financial institutions listed in Part B of Schedule 1 thereto as swap banks (together, the “Swap Banks” and each a “Swap Bank”), (iv) ourselves as agent, lead arranger, lead bookrunner and security trustee and (v) Bank of Scotland plc as joint bookrunner, it was agreed that the Junior Lenders would make available to the Borrower a term loan and short-teen credit facilities of (originally) op to US$110,000,000 (the ‘Jailor Loan”) in aggregate.

 

	
(B)

	
By two ISDA master agreements (each on the 1992 1SDA Master Agreement (Multicurreney-crossborder) form) and each dated 31 March 2006 (the “Junior Master Agreement” and, in the plural, means both of them) made between the Borrower and a Swap Bank. the Borrower has entered into or will enter into certain Designated Transactions (as such term is defined in the said Junior Loan Agreement) pursuant to separate Confirmations (as such term is defined in the said Junior Loan Agreement).

 

	
(C)

	
By a letter (the “New Letter”) dated 20 April 2012 the Agent:

 

	
  

	
(i)

	
notified the Borrower there was a shortfall (the “Shortfall”) at that dine in the security cover required to be maintained pursuant to clause 15.1 of the Junior Loan Agreement; and

 

	
  

	
(ii)

	
called on the Borrower, pursuant to clause 15.1 of the Junior Loan Agreement within 14 days of the date of the New Letter, either:

 

	
  

	
(1)

	
to provide, or ensure that a third party provides, additional security which, in the opinion of the Majority Lenders, has a net realisable value at least equal to the shortfall and which, if it consists of or includes a Security Interest, covers such asset or assets and is documented In such terms as we may, with authorisation from the Majority Lenders, approve or require; or

 

  

  

  

	
  

	
(2)

	
prepay In accordance with clause 8 of the Junior Loan Agreement such part (at least) of the Junior Loan as will eliminate the shortfall.

 

	
(D)

	
Following the Borrower’s non-compliance with the teens of the New Letter and clause 15.1 of the Junior Loan Agreement, by a letter dated 8 May 2012 we reserved the rights of the Creditor Parties under the Junior Loan Agreement and all other Finance Documents.

 

	
(E)

	
The Borrower Slur has requested and the Lenders agreed to receive certain additional security to rectify the Shortfall.

 

	
(F)

	
This Agreement sets out the terms and conditions on which the Lenders agree to:

 

	
  

	
(i)

	
receive certain additional security to rectify the Shortfall; and

 

	
  

	
(ii)

	
the consequential amendments to the Loan Agreement and the other Finance Documents In connection with those matters.

 

Words and expressions in the Junior Loan Agreement shall have the same meaning when used in this Letter.

 

	
2

	
Agreement and amendments to the Junior Loan Agreement.   Subject to the satisfaction of the conditions of this Letter and with effect from the date of this Letter, the Junior Loan Agreement shell be amended as follows:

 

	
(a)

	
by deleting the definition of ‘Shuts Pledge” in clause 1.2 thereof in its entirety;

 

	
(b)

	
by adding the following new definitions in clause 1.2 thereof:

 

““Control Agreement” means, in respect of the Pledge and Security Agreement, a control agreement in respect of the control and ownership of the Required Shares executed between the Borrower, Ocean Rig as issuer and the Security Trustee in such form as the Lenders may approve or require;

 

“Pledge sad Security Agreement” means, In respect of the Required Shares, a pledge and security agreement executed by the Borrower in favour of the Security Trustee pursuant to Clause 15.10 in such form as the Lenders may approve or require;”;

 

	
(c)

	
by replacing the words “Shares Pledge” in sub-paragraph (w) in the definition of “Finance Documents” in clause 1.1 thereof with the words “Pledge and Security Agreement”;

 

	
(d)

	
by adding to the definition of “Finance Documents” In clause 1.1 thereof a new sub-paragraph (x) as follows:

 

	
 

	

“(x) the Control Agreement;”,

 

and by re-designating the existing sub-paragraph (x) in the definition of “Finance Documents* in clause 1.1 thereof as a new sub-paragraph (y);

 

	
(e)

	
by replacing therein clause 15.10 with the following new clause:

 

	
 

	“15.10 Additional security during the Additional Security Period. The Borrower undertakes with the Lenders:

  

  

  

	
  

	
(a)

	
to execute and deliver on the first date of the Additional Security Period the Pledge and Security Agreement and, to cause Ocean Rig as issuer. to execute and deliver together with the Borrower, the Control Agreement referred to therein in respect of the Required Shares; and

 

	
  

	
(b)

	
deliver to the Agent such other documents equivalent to those referred to in paragraphs 3, 4 and 5 of Schedule 5, Part A as the Agent may require in connection with the execution of the Pledge and Security Agreement; and

 

	
  

	
(c)

	
to ensure that any additional security given pursuant to this Clause 15.10 shall remain in full force and effect until the last date of the Additional Security Period.

 

In this Clause 15.10:

 

“Additional Security Period” means the period commencing on 1 April 2012 and ending on 30 June 2013;

 

“Required Shares” means 7,800,000 issued and outstanding shares of common stock in Ocean Rig (Including all other or additional stock or other securities or property paid or distributed in respect of the Required Shares by way of stock-split, spin-oft split-up, reclassification, combination of shares or similar arrangements) currently in the legal and beneficial ownership of the Borrower to be pledged in favour of the Security Trustee pursuant to this Clause 15.10 in order to rectify the Shortfall.” and

 

	
  

	
(f)

	
by construing all references therein to “this Agreement” where the context admits as being references to “this Agreement” as the same is amended and supplemented by this Letter.

 

	
3

	
Amendments to Finance Documents. With effect on and from the date of this letter each of the Finance Documents (other than the Junior Loan Agreement) shall be, and shall be deemed by this Agreement to have been, amended as follows:

 

	
(a)

	
the definition of and references throughout each of the Finance Documents to, the Junior Loan Agreement and any of the other Finance Documents shall be construed as if the same referred to the Junior Loan Agreement and those Finance Documents as amended and supplemented by this Letter; and

 

	
(b)

	
by construing references throughout each of the Finance Documents to “this Agreement”, “this Deed”, “hereunder and other like expressions as if the same referred to such Finance Documents as amended and supplemented by this Letter.

 

	
4

	
Junior Loan Agreement and Finance Documents. The Borrower hereby agrees with the Lenders that the provisions of the Junior Loan Agreement and the Finance Documents shall be and are hereby re-affirmed and remain in full three and effect.

 

	
5

	
Representations and Warranties. The Borrower hereby represents and warrants to the Lenders that:

 

	
(a)

	
the representations and warranties contained in the Junior Loan Agreement are true and correct on the date of this Letter as if all references therein to ‘this Agreement” were references to the Junior Loan Agreement as supplemented by this Letter; and

 

  

  

  

	
(b)

	
this Letter comprises the legal, valid and binding obligations of the Borrower enforceable in accordance with its terms.

 

	
6

	
Conditions. Our agreement contained in paragraph 2 of this Letter shall be expressly subject to the condition that we shall have received in form and substance as may be approved or required by us on or before the signature hereof:

 

	
(a)

	
copies of resolutions passed at a meeting of the board of directors of the Borrower evidencing approval of this Letter, the Pledge and Security Agreement and the Control Agreement and authorising appropriate officers or attorneys to execute the same;

 

	
(b)

	
the original of any power of attorney issued in favour of any person executing this Letter, the Pledge and Security Agreement and the Control Agreement on behalf of the Borrower; and

 

	
(c)

	
a duly executed original of this Letter, the Pledge and Security Agreement and the Control Agreement;

 

	
(d)

	
evidence that the relevant UCC statement in respect of the Pledge and Security Agreement has been filed;

 

	
(e)

	
favourable legal opinions from lawyers appointed by the Agent on such matter concerning the laws of the Republic of the Marshall Islands and such other relevant jurisdiction as the Agent may require; and

 

	
(f)

	
copies of all governmental and other consents, licences, approvals and authorisations as may be necessary to authorise the performance by the Borrower of its obligations under this Letter, the Pledge and Security Agreement and the Control Agreement and the execution, validity and enforceability of this Letter.

 

	
7

	
Notices. Clause 28 .(Notices) of the Junior Loan Agreement shall extend arid apply to this Letter as if the same were (mutatis mutandis) herein expressly set forth.

 

	
8

	
Governing Law. This Letter shall be governed by and construed in accordance with English law and Clause 30 (Law and Jurisdiction) of the Junior Loan Agreement shall extend and apply to this Letter as if the same were (mutatis mutandis) herein expressly set forth.

 

  

  

  

Please confirm your acceptance to the foregoing terms and conditions by signing the acceptance at the foot of this letter.

Yours faithfully

/s/ Vassiliki Georgopoulos ________________

Vassiliki Georgopoulos

for and on behalf of

HSH NORDBANK AG

(as Agent for and on behalf

of all Creditor Parties)

Accepted and agreed

/s/ Dimitrios Glynos____________________

Dimitrios Glynos

for and on behalf of

DRYSHIPS INC.

Dated: 27 September 2012

  

  

  

COUNTERSIGNED this 27 day of September 2012 for and on behalf of the below companies each of which, by its execution heteof confirms and acknowledges that it has mad and understood the terms and conditions of this supplemental letter, that it agrees in all respects to the same and that Finance Documents to which it is a patty shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrower under the Junior Loan Agreement, and the Junior Master Agreements.

	  	  	  
	
for and oh behalf of

WEALTH MANAGEMENT INC.

	  	
for and on behalf of

SAMSARA SHIPPING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

MALVINA SHIPPING COMPANY LIMITED

	  	
for and on behalf of

ARLETA NAVIGATION COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

BORSARI SHIPPING COMPANY LIMITED

	  	
for and on behalf of

ONIL SHIPPING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

FABIANA NAVIGATION COMPANY LIMITED

	  	
for and on behalf of

CELINE SHIPPING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
 

 

 

 

 

for and on behalf of

KARMEN SHIPPING COMPANY LIMITED

	  	
 

 

 

 

 

for and on behalf of

THELMA SHIPPING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

ARGO OWNING COMPANY LIMITED

	  	
for and on behalf of

KRONOS OWNING COMPANY LIMITED

	
 

/s/ Dr. Adriano Cefai

	  	
 

/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

  

  

  

	  	  	  
	
for and oh behalf of

TETHYS OWNING COMPANY LIMITED.

	  	
for and on behalf of

SELENE OWNING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

DIONE OWNING COMPANY LIMITED

	  	
for and on behalf of

URANUS OWNING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

TEMPO MARINE CO.

	  	
for and on behalf of

STAR RECORD OWNING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

 

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	
for and on behalf of

REA OWNING COMPANY LIMITED

	  	
for and on behalf of

PHOEBE OWNING COMPANY LIMITED

	
/s/ Dr. Adriano Cefai

	  	
/s/ Dr. Adriano Cefai

	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

	  	
Dr. Adriano Cefai

5/1 Merchants Street

Valetta VLT 1171

Malta

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}]]