Document:

Exhibit 4.52

      

      

      

      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 GAMMA OWNING LTD. of Marshall Islands (the "Sellers") and

          MERIDIAN 11 LIMITED of Bermuda (the "Buyers")

          and

          GLOBAL MERIDIAN HOLDINGS LIMITED of Bermuda (as "Buyers' Guarantor")

      for

      M.T. MONT FORT

      (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 10 November 2015 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 ABN AMRO BANK N.V.

                

        

      

      
        
          	

                	(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.

                

        

      

      
        
          

      

      

      

      
        
          	

                	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 Ship's 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 under any kind of sanctions by ITF, OFAC, ELT, 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.

                

        

      

      
        
          

      

      

      

      
        
          	

                	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

            	 	
              For and on behalf of

            
	
              the Sellers

            	 	
              the Buyers

            
	 	 	 
	
              VLGC GAMMA OWING LTD

            	 	
              MERIDIAN 11 LIMITED

            
	 	 	 
	
              By: /s/Dimitris Dreliozis

            	 	
              By: /s/Phillip Anderson

            
	
              Name: Dimitris Dreliozis

              Title:  Attorney-In-Fact

            	 	
              Name: Phillip Anderson

              Title:  Director

            
	 	 	 
	 	 	
              For and on behalf of

            
	 	 	
              the Buyers’ Guarantor

            
	 	 	 
	 	 	
              GLOBAL MERIDIAN HOLDINGS LIMITED

            
	 	 	 
	 	 	
              By: /s/Phillip Anderson

            
	 	 	
              Name: Phillip Anderson

              Title: DirectorExhibit 4.53

    

   

    

  ADDENDUM No 3

  to the Memorandum of Agreement dated 4th July 2018

  as amended by an Addendum No. 1 dated 16th July 2018

  and as further amended by an Addendum No. 2 dated 24th July 2018 ("the MOA'')

  between

  VLGC GAMMA OWNING LTD. of Marshall Islands (the "Sellers")

  and

  MERIDIAN 11 LIMITED of Bermuda (the "Buyers")

  and

  GLOBAL MERIDIA HOLDINGS LIMITED of Bermuda (the "Buyers' Guarantor")

  for

  M.T. MONT FORT

  (the "Vessel")

  1) This Addendum No. 3 dated 17th September 2018 is supplemental to the MOA governing the sale and purchase of the Vessel and shall form an integral part thereof. Words and expressions

      defined in the MOA shall have the same meaning when used herein.

  2) It is mutually agreed by the parties to further amend the MOA as follows:

  
    
      	

            	i.	
              by deleting Clause 2 thereof and replacing it with:

            

    

  

  "2. Deposit

  As security for the
        correct fulfilment of this Agreement the Buyers shall lodge a deposit of 10% (ten per cent), of the Purchase price (the "Deposit") in an
        interest bearing joint account for the Parties with the Deposit Holder within three (3) Banking Days after the date that:

  (i)    this Agreement has been signed by the Parties and exchanged by e-mail or telefax; and

  (ii)   the Deposit Holder has confirmed in writing to the Parties that the joint account in the name of the Sellers and the Buyers has been opened; and

  (iii) This Addendum No3 has been signed by the Parties and exchanged by e·mail or
        telefax.

  The Deposit shall be released in accordance with joint written instructions of the Parties. Interest,
      if any, shall be credited to the Buyers, Any fee charged for

  
    
      

  

  

  

  holding and releasing the Deposit shall be borne equally by the Parties. The Parties shall provide to the Deposit Holder all necessary documentation to open and maintain the account without delay."

   

      

  
    
      	

            	ii.	
              by deleting Clause 5 (a) thereof and replacing it with:

            

    

  

  "(a) The Vessel shall be delivered with current Charter attached (see also Clause 22) and taken over
      safely afloat at a safe and accessible berth or anchorage at/in Charter range in the Sellers' option not earlier than 1st August 2018 and not later than 15th December 2018 in the Sellers' option.

  Cancelling Date (see Clauses 5 (c), 6 (a) (i), 6 (a) (iii) and 14): 15th December 2018";

   

    

  
    
      	

            	iii.	
              by deleting the last paragraph of Clause 22 thereof.

            

    

  

  
    
      	

            	iv.	
              by deleting Clause 24 (Deliveries) thereof.

            

    

  

  
    
      	

            	v.	
              by adding a new clause under No 26 reading as follows:

            

    

  

  "In consideration of the Buyers agreeing to vary the Cancelling Date at the request of the Sellers,
      the Parties hereby agree that the Sellers will pay to the Buyers a fixed, daily compensation of US$ 15,000 (United States Dollars Fifteen Thousand), counting from 00:00hrs (London time), 1st November 2018 until the Sellers deliver the Vessel to the Buyers (the "Compensation"), as full and final settlement
      of any and all claims whatsoever the Buyers may have under the MOA, namely, but not limited to, Clause 5 (d) and/or Clause 14 of the MOA. Such amount will be deducted from the purchase price to be paid by the Buyers on the date and time of delivery.

   

    

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

  The provisions of Clause 16 (Law and Arbitration) of the MOA, as amended and/or supplemented herein, apply, mutatis mutandis, to this Addendum No. 3.

  This 17th day of September, 2018

  	
          For and on behalf of

        	 	
          For and on behalf of

        

  
    
      

  

  

  

  	
          the Sellers

        	 	
          the Buyers

        
	 	 	 
	
          VLGC GAMMA OWNING LTD.

        	 	
          MERIDIAN 11 LIMITED

        
	 	 	 
	
          By: /s/ George A. Kaklamanos

        	 	
          By: /s/ Philip Anderson

        
	
          Name: George A. Kaklamanos

        	 	
          Name: Philip Anderson

        
	
          Title: Attorney-in-fact

        	 	
          Title: Director

        
	 	 	 
	 	 	 
	
          By: /s/ Philip Anderson

        	 	 
	
          Name: Philip Anderson

        	 	 
	
          Title: Director

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