Document:

Exhibit 4.61

  

  

  

  
    ADDENDUM No 2

    to the

    Memorandum of Agreement dated 4th July 2018

        as amended by an Addendum No. 1 dated 16th July 2018 (“the MOA”) between

    VLGC ALPHA OWNING LTD. of Marshall Islands (the “Sellers”) and

        MERIDIAN 9 LIMITED of Bermuda (the “Buyers”)

    and

    GLOBAL MERIDIAN HOLDINGS LIMITED of Bermuda (as “Buyers’ Guarantor”)

    for

    M.T. ADERIDA

        (the “Ship”)

    
      
        	1)	
                This Addendum No. 2 dated 24th July 2018 is supplemental to the
                    MOA governing the sale and purchase of the Ship and shall form an integral part thereof.  Words and expressions defined in the MOA shall have the same meaning when used herein.

              

      

    

    
      
        	2)	
                In exchange for payment of the Purchase Price and all other sums payable on delivery under the MOA at the time of delivery of the Ship at closing in Sellers’
                    Managers’ Shipmanagement offices in Marousi, Greece, Sellers will provide Buyers with the delivery documents listed below which shall be all originals unless otherwise stated.  Any such documents listed below which are not in the
                    English language shall be accompanied by an English translation certified by an authorised translator or by Sellers’ lawyer:

              

      

    

    
      
        	

              	a.	
                Two (2) original Bills of Sale for the Ship in a form acceptable to the Liberian authorities duly executed by Sellers’ Sole Director or a lawful
                    attorney-in-fact of the Sellers evidencing the transfer of all shares in the Ship and in her boats and appurtenances to Buyers and warranting the same are free from all charters (other than the charterparty dated 15 September 20l5 as
                    defined in the memorandum of agreement executed by Buyers’ Guarantor and the Seller dated 4 July 2018), encumbrances, mortgages and maritime liens or any other debts or claims whatsoever.  The two (2) original Bills of Sale shall be
                    notarially attested as to the identity and authority of the signatory to bind the Sellers and legalised by Apostille.

              

      

    

    
      
        	

              	b. 	(i) 	Copies of Transcripts of Register from Maltese authorities dated (i) not earlier than three (3)
                  Banking Days of the date of N.O.R. of the Ship and (ii) on the date of delivery of the Ship confirming that:

      

    

    
      
        
          	

                	a)	
                  the Ship is owned by the Seller company; and

                

        

      

    

    
      
        	

              	b)	
                the Ship is free from registered encumbrances save for a mortgage in
                    favour of AB AMRO BANK KV.

              

      

    

    
      
        	

              	(ii)	
                Upon tabling of the signed release instructions for the release of the deposit and balance of Purchase Price and all other sums payable on delivery to
                    Sellers·account, scanned copy of a Transcript of Register from Maltese Authorities dated as of the date of delivery confirming that:

              

      

    

    
      
        	

              	a)	
                the Ship is owned by the Seller company; and

              

      

    

    
      
        

    

    
    

    

    
      
        	

              	b)	
                the Ship is free from registered encumbrances.

              

      

    

    In order to enable Sellers to arrange for the issuance of above Transcripts of Register, the Buyers shall advise in writing
        the Sellers the date they intend to take delivery of the Vessel on date when N.O.R. is tendered by Sellers.  The originals of all three Transcripts of Register to be sent to Buyers by courier earliest possible after the date of delivery of the
        Ship.

    
      
        	

              	c.	
                Declaration of Class (or depending on the Classification Society) a Class Maintenance Certificate confirming that the Ship is in class without
                    conditions/recommendations, (in its standard format) dated not earlier than three (3) Banking Days prior to delivery.

              

      

    

    
      
        	

              	d. 	(i) 	Written Undertaking of the Sellers to effect deletion of the Ship forthwith and provide the Buyers
                  with the original Deletion Certificate or (if relevant) any other official evidence of deletion as soon as practicable and in any case not later than four (4) weeks as of delivery of the Ship

      

    

    
      
        	

              	(ii)	
                Written Undertaking of the Sellers to provide the Buyers the original Continuous Synopsis Record (CSR) Document issued by the Maltese Ship Registry certifying
                    the date on which the Ship ceased to be registered with the Maltese Registry as soon as practicable and in any case no later than thirty (30) days as of delivery of the Ship.

              

      

    

    
      
        	

              	e.	
                Resolutions of the Sole Director and Resolutions of the Sole Shareholder of the Sellers resolving and ratifying the entry into the MOA, the sale of the Ship
                    to the Buyers according to the terms of the MOA and the novation of the existing charter party to the Buyers in respect of the Ship and authorising person(s) to execute a Power of Attorney appointing certain person or persons to:  (1)
                    execute all necessary documents in order to sell the Ship to the Buyers, including the Bill of Sale, the Protocol of Delivery and Acceptance, the novation to the Charter in respect of the Ship; and (2) deal with all matters relating to
                    completion of sale and transfer of title to the Buyers, including physical delivery and documentary closing of the Ship, as well as any and all flag state matters.  The Resolutions shall be notarially attested and legalised by
                    Apostille.

              

      

    

    
      
        	

              	f.	
                Power of Attorney duly executed by Sellers’ Sole Director authorising person(s) to execute all necessary documents in order to sell the Ship to the Buyers,
                    including the Bill of Sale, the Protocol of Delivery and Acceptance and the novation to the Charter in respect of the Ship and to deal with all matters relating to the sale and transfer of title to the Buyers, including physical
                    delivery and documentary closing of the Ship. as well as any and all flag state matters.  Such Power of Attorney shall be notarially attested and legalised by Apostille.

              

      

    

    
      
        	

              	g. 	(i) 	Commercial Invoice (in two (2) originals) for the Ship’s Purchase Price.

      

    

    
      
        	

              	(ii)	
                Commercial Invoice (in two (2) originals) for lubricating and hydraulic oils and greases.

              

      

    

    
      
        	

              	h.	
                An original Certificate of Incumbency giving details of all the directors and officers of the Sellers, dated the same day as the director’s resolutions
                    described in paragraph (e) above and notarised and legalised by Apostille.

              

      

    

    
      2

      
        

    

    

    

    
      
        	

              	i.	
                An original Certificate of Good Standing of the Sellers issued by the competent authorities in the Sellers’ country of incorporation and dated not earlier
                    than ten (10) days before the date of delivery.

              

      

    

    
      
        	

              	j.	
                Sellers’ letter to their satellite communication provider cancelling the Ships communications contract which is to be sent immediately after delivery of the
                    Ship.

              

      

    

    
      
        	

              	k.	
                Sellers’ letter of confirmation that to the best of Sellers’ knowledge (but without due enquiry having been made) the Ship and/or the Sellers are not
                    blacklisted, or wider any kind of sanctions by ITF, OFAC, EU, UK, any marine insurance providers, including P&I clubs, or the Arab Boycott League.

              

      

    

    
      
        	

              	l.	
                Written Undertaking of the Sellers confirming that to their knowledge the Ship has not sustained any underwater damage or touched bottom since the date on
                    which Sellers took title of the Ship.

              

      

    

    
      
        	

              	m.	
                Charter Novation deed executed by the Sellers, the Buyers and the Charterers in relation to the Charter.

              

      

    

    No later than ten (10) days prior to the date of delivery, Sellers shall provide Buyers with a full set
        of specimen copies of the above listed delivery documents to the extent same are available.

    
      
        	3)	
                Buyers will provide Sellers with the following documents in English (all to be originals unless stated otherwise):

              

      

    

    
      
        	

              	a.	
                Resolutions (duly notarially attested in the form customary in Bermuda) of the Board of Directors of the Buyers resolving to buy the Ship from the Sellers and
                    the novation of the Charter to the Buyers in respect of the Ship and authorising their appointed representatives to execute all necessary documents in order to buy the Ship from the Sellers and enter into the novation agreement to the
                    Charter;

              

      

    

    
      
        	

              	b.	
                Power of Attorney (duly notarially attested in the form customary in Bermuda) of the Buyers authorising their appointed representatives to execute all
                    necessary documents in order to buy the Ship from the Sellers and enter into the novation agreement to the Charter:

              

      

    

    
      
        	

              	c.	
                Certificate of Incumbency disclosing Directors/Officers of the Buyers (duly notarially attested in the form customary in Bermuda) and dated not earlier than
                    the directors’ resolutions described above.

              

      

    

    
      
        	

              	d.	
                Certificate of Good Standing of the Buyers issued by competent authorities in the Buyers’ Country of Incorporation and dated not earlier than ten (10) days
                    before the date of delivery.

              

      

    

    
      
        	

              	e.	
                Resolutions of the Board of Directors of Buyers·Guarantor (notarially attested in the form customary in Bermuda) authorising the execution of the MOA on
                    behalf of the Buyers’ Guarantor by its appointed representative and the guarantee of Buyers· obligations under the MOA.

              

      

    

    
      3

      
        

    

    

    

    
      
        	

              	f.	
                Certificate of Good Standing of the Buyers’ Guarantor issued by the relevant authority and dated not earlier than ten (10) days before the date of delivery.

              

      

    

    
      
        	

              	g.	
                Certificate of Incumbency giving details of all the directors and officers of the Buyers’·Guarantor issued by the relevant authority and dated not earlier
                    than ten (10) days before the date of delivery.

              

      

    

    No later than (10) days prior to delivery, the Buyers shall provide Sellers with a full set of specimen
        copies of above listed delivery documents to the extent same are available.

    
      
        	4)	
                At the time of delivery the Buyers and the Sellers shall sign Protocol of Delivery and Acceptance (“PDA”) confirming the date and time of delivery of the Ship
                    from the Sellers to the Buyers.

              

      

    

    All other terms and conditions of the MOA, shall remain in full force and effect.

    Clause 16 (Arbitration) of the MOA shall apply, mutatis mutandis, to this Addendum No. 2.

    This 24th day of July, 2018

    	
            For and on behalf of

                the Sellers

          	 	
            For and on behalf of

                the Buyers

          	 
	 	 	 	 
	
            VLGC ALPHA OWNING LTD.

          	 	
            MERIDIAN 9 LIMITED

          	 
	 	 	 	 
	 	 	 	 
	
            By:

          	
            
              /s/ Dimitris Dreliozis

            

          	 	
            By:

          	
            
              /s/ Philip Anderson

            

          	 
	
            Name:

          	
            Dimitris Dreliozis

          	 	
            Name:

          	
            Philip Anderson

          	 
	
            Title:

          	
            Attorney-in-fact

          	 	
            Title:

          	
            Director

          	 

    

    

    

    

    	 	 	
            For and on behalf of

                the Buyers Guarantor

          	 
	 	 	 	 
	 	 	
            GLOBAL MERIDIAN HOLDINGS LIMITED

          	 
	 	 	 	 
	 	 	 	 
	 	 	 	
            By:

          	
            
              /s/ Philip Anderson

            

          	 
	 	 	 	
            Name:

          	
            Philip Anderson

          	 
	 	 	 	
            Title:

          	
            Director

          	 

    

    

    

    

  

  4Exhibit 4.60

    

     

    

    Addendum No. 1

    to the Memorandum of Agreement dated 4th July 2018

    (the “MOA”)

    in respect of “ANDERIDA” (the “Vessel”)

    between

    YLGC ALPHA OWNING LTD. of Marshall Islands (the “Sellers”)

    and

    GLOBAL MERIDIAN
        HOLDINGS LIMITED of Bermuda (the “Original Buyers”)

    _______________________________

    
      
        	1.	
                The Original Buyers hereby nominate:-

              

      

    

    MERIDIAN 9 LIMITED (the “Buyers”)

        Registered Office: Canon’s Court,
        22 Victoria Street, Hamilton, HM 12, Bermuda

    as the final buyers to complete the purchase and delivery of the Vessel as per the MOA and the Buyers hereby accept the nomination.

    
      
        	2.	
                The Sellers hereby agree to the above nomination.

              

      

    

    
      
        	3.	
                The Buyers hereby assume all the rights and obligations of the Original Buyers under the MOA.

              

      

    

    
      
        	4.	
                The Original Buyers hereby

                      guarantee the due and punctual performance of the Buyers’ obligations under the MOA.

              

      

    

    
      
        	5.	
                Except as otherwise provided herein, all other terms and conditions of the MOA shall remain unchanged and in full force .

              

      

    

    
      
        	6.	
                This Addendum No. 1 shall be
                      governed by and construed in accordance with English law and Clause 16 ( Law and Arbitration) of the MOA shall apply to this Addendum No. 1 as if set out herein if full (mutatis mutandis).

              

      

    

    
      
        	7.	
                This Addendum No. 1 may be entered into in any counterparts which when taken together shall constitute one and the same instrument.

              

      

    

    Date: 16th July 2018

    

    

    	 	 	 	 
	
            
              /s/ George A. Kaklamanos

            

          	 	
            
              /s/ Phillip Anderson

            

          	 
	
            For and on behalf of

                the Sellers

          	 	
            For and on behalf of

                the Original Buyers

          	 

    

    

    

    

    	 	 
	
            
              /s/ Phillip Anderson

                

            

          	 
	
            For and on behalf of

                the Buyers

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