Document:

Exhibit 10.5

    

    

    Dated July 5, 2022

    

    

    

    

    

    

    

    

    

    

    

    

    UNITED MARITIME CORPORATION

    

    

    

    

    and

    

    

    

    

    SEANERGY MARITIME HOLDINGS CORP.

    

    

    

    

    

    

    

    

    

    

    
      

    MASTER MANAGEMENT AGREEMENT

    
      

    

    

    

    

    

    

    

    

    

    

    
      
        

    

    
    INDEX

    

    

    	
            CLAUSE

          	
            PAGE

          
	 	 	 
	
            1

          	
            INTERPRETATION

          	
            1

          
	 	 	 
	
            2

          	
            SERVICES

          	
            1

          
	 	 	 
	
            3

          	
            FEES AND EXPENSES

          	
            3

          
	 	 	 
	
            4

          	
            RIGHT TO SUB-CONTRACT

          	
            3

            

          
	 	 	 
	
            5

          	
            ASSIGNMENT

          	
            4

          
	 	 	 
	
            6

          	
            LIABILITY AND INDEMNITY

          	
            4

          
	 	 	 
	
            7

          	
            NO JOINT VENTURE

          	
            5

            

          
	 	 	 
	
            8

          	
            DURATION OF THE AGREEMENT

          	
            5

            

          
	 	 	 
	
            9

          	
            NOTICES

          	
            6

          
	 	 	 
	
            10

          	
            APPLICABLE LAW AND JURISDICTION

          	
            6

            

          
	 	 	 
	
            11

          	
            MISCELLANEOUS

          	
            7

          

    

    

    
      i

      
        

    

    
    THIS MASTER MANAGEMENT AGREEMENT (this “Agreement”), dated as of July 5, 2022, is entered into between United Maritime Corporation, a corporation incorporated under the laws of the Republic
      of the Marshall Islands (the “Company”) and Seanergy Maritime Holdings Corp., a corporation incorporated under the laws of the Republic of the
      Marshall Islands (the “Manager”, together with the Company, the “Parties” and each a “Party”).

    

    

    WHEREAS:

    

    

    	(A)	
            The Company is in the business of owning, acquiring and operating a fleet of ocean-going vessels and intends to expand its fleet, with such vessels owned indirectly
              through separate subsidiaries of the Company.

          

    

    

    	(B)	
            The Manager has the benefit of expertise in management services through its wholly owned management subsidiaries and, inter alia, in corporate finance, accounting,
              operations, sale and purchase and administration generally.

          

    

    

    	(C)	
            With respect to the vessels set forth on Schedule I attached hereto, as amended from time to time by agreement of the parties hereto (each a “Vessel” and collectively the “Vessels,” with each
              Vessel-owning subsidiary of the Company referred to as an “SPV” and collectively the “SPVs”), the Company has requested the Manager, and the Manager has agreed, to assist the Company and its SPV(s) in their dealings with third parties and to provide certain services to the
              Company, certain other subsidiaries of the Company and each SPV in connection with, inter alia, the management, corporate finance, accounting, operations, sale and purchase and general administration of their business.

          

    

    

    NOW THEREFORE THE PARTIES HEREBY AGREE:

    

    

    	1.	
            INTERPRETATION

          

    

    

    1.1          In this Agreement unless
        the context otherwise requires:

    

    

    “Business Days” means a day
      (excluding Saturdays and Sundays) on which banks are open for business in Athens, London and New York;

    

    

    “Services” means the services
      described in Clause 2.1.

    

    

    1.2          The headings of this
        Agreement are for ease of reference and do not limit or otherwise affect the meaning hereof.

    

    

    1.3          All the terms of this
        Agreement, whether so expressed or not, shall be binding upon the parties hereto and their respective successors and assigns.

    

    

    1.4          Unless the context
        otherwise requires, words in the singular include the plural and vice versa.

    

    

    	2	
            SERVICES

          

    

    

    2.1          During the term hereof
        (as provided in Clause 8 of this Agreement), the Company engages the Manager to provide the following services to the Company, certain management subsidiaries of the Company and each SPV and the Manager hereby accepts such engagement, all in
        accordance with the terms of this Agreement:

    

    

    	

          	(a)	
            the provision of assistance and advice with respect to financing, including without limitation the monitoring and administration of compliance with the financing terms
              and conditions agreed with investors, banks, lessors or other financial institutions;

          

    
      1

      
        

    

    	

          	(b)	
            the establishment and maintenance of an appropriate accounting system (if required) and adequate internal control over financial reporting;

          

    

    

    	

          	(c)	
            the keeping of all books and records of things done and transactions performed as it may require from time to time, including liaising with accountants, lawyers and
              other professional advisors;

          

    

    

    	

          	(d)	
            from time to time or at any time as requested, the preparation and presentation of reports to the board of directors thereof (or any applicable committee thereof)
              concerning the performance of the services mentioned in this Clause 2.1 and the performance of third parties with whom they have a contractual relationship and furnishing advice and recommendations with respect to all aspects of their
              business affairs;

          

    

    

    	

          	(e)	
            the maintenance of the general ledgers, reconciliation of their bank accounts, preparation of periodic financial statements in accordance with generally accepted
              accounting principles consistently applied in the United States, including those required for governmental and regulatory or self-regulatory agency filings (including the preparation of periodic and other reports, proxy statements,
              registration statements and other documents and reports), tax returns and reports and the provision of related data processing services;

          

    

    

    	

          	(f)	
            the provision of commercial management (including but not limited to the chartering of the Vessels and monitoring thereof and freight collection) and technical
              management (including but not limited to the crewing of the vessels, the day-to-day operations, inspections, maintenance, repairs, drydocking, purchasing, insurance and claims handling) services for the Vessels, the acting directly or through
              its wholly owned subsidiaries for and on behalf of the SPVs in connection therewith and the arrangement on behalf of the SPVs (through the relevant third parties) of any of the aforementioned services directly or through its wholly owned
              subsidiaries;

          

    

    

    	

          	(g)	
            the provision of services for the sale and purchase of the Vessels;

          

    

    

    	

          	(h)	
            provision of services for the compliance with all applicable laws, including all relevant securities laws and the rules and regulations of the Securities and Exchange
              Commission and any securities exchange upon which the Company’s securities are listed;

          

    

    

    	

          	(i)	
            the maintenance of the Company’s, the Company’s management subsidiaries and the SPV’s corporate existence and good standing in all necessary jurisdictions and
              assistance in all other corporate and regulatory compliance matters, including but not limited to any action, claim, complaint, demand, suit, judgment, investigation or proceeding, pending or threatened, by any person or before any
              governmental or other authority;

          

    

    

    	

          	(j)	
            the conducting of investor relations functions on behalf of the Company;

          

    

    

    	

          	(k)	
            the provision and maintenance of all required information technology infrastructure and support relating to all operations of the Company, the Company’s management
              subsidiaries and the SPVs;

          

    

    

    	

          	(l)	
            the obtaining, on behalf of the Company, director and officer liability insurance and other insurance coverage not related to the Vessels that would normally be
              obtained for a company in a similar business to that of the Company;

          

    

    

    	

          	(m)	
            the provision of office space/ premises and office equipment for the personnel of the Company, the Company’s management subsidiaries or the SPVs at the location of the
              Manager and clerical, secretarial and administrative assistance as may be reasonably necessary;

          

    
      2

      
        

    

    	

          	(n)	
            the communication with the transfer agent for the Company as may be necessary or desirable;

          

    

    

    	

          	(o)	
            the provision of directors and/or officers in the board of directors of the Company or the SPVs; and

          

    

    

    	

          	(p)	
            the provision of such other services as the authorized representative of the Company or the SPV may request and the Manager may agree to provide from time to time.

          

    

    

    2.2          During the term hereof,
        the Manager shall use its reasonable commercial efforts to promote the business of the Company, the Company’s management subsidiaries and the SPVs in accordance with the directions of their authorized representative(s) and shall at all times use
        its reasonable commercial efforts to conform to and comply with the lawful directions, regulations and recommendation made by such authorised representative(s) and in the absence of any specific directions, regulations and recommendations as
        aforesaid and subject to the terms and conditions of this Agreement shall provide general administrative and advisory services in connection with the management of the business of the Company and the SPV.

    

    

    2.3          The Company, the
        Company’s management subsidiaries and the SPVs each acknowledge that to the extent set out in this Agreement, the Manager is acting solely on behalf of, as agent of and for the account of the Company, the Company’s management subsidiaries and the
        SPVs.

    

    

    2.4          The Manager in the
        performance of its responsibilities under this Agreement shall be entitled to have regard to its overall responsibilities in relation to the management of its own subsidiaries (which include but shall not be restricted to the Manager) and in
        particular, without prejudice to the generality of the foregoing, the Manager shall be entitled to allocate available resources and services in such manner as in the prevailing circumstances the Manager in its absolute discretion considers to be
        fair and reasonable.  The Manager and its employees may provide services of a nature similar to the Services to any other person. There is no obligation for the Manager to provide the Services to Company, the Company’s management subsidiaries or
        the SPVs on an exclusive basis.

    

    

    	3	
            FEES AND EXPENSES

          

    

    

    3.1          In consideration of the
        Manager providing the Services, the Company shall pay the Manager a daily administration fee of three hundred twenty-five United States Dollars (US$325) per Vessel (the “Fee”). The Fee shall be due and payable by the Company upon the Manager’s request.

    

    

    3.2          The Company will
        reimburse the Manager for postage and communication expenses, travelling expenses and other expenses reasonably incurred by the Manager in the provision of the Services (including any reimbursement at-cost for sub-contracting paid by the Manager to
        any Sub-Manager as set forth in Clause 4). Within thirty (30) days after the end of each month, the Manager shall submit to the Company for payment an invoice for
        reimbursement of all such expenses in connection with the provision of the Services. Each statement will contain such supporting detail as may be reasonably required to validate such amounts due.   The Company shall make payment within fifteen (15)
        days of the date of each invoice (any such day on which a payment is due, the “Due Date”). All invoices for Services are payable in U.S. dollars.
        All amounts not paid within 10 days after the Due Date shall bear interest at the rate of 1.00% per annum over SOFR (Secured Overnight Financing Rate) from such Due Date until the date payment is received in full by the Manager.

    

    

    	4	
            RIGHT TO SUB-CONTRACT

          

    

    

    4.1          The Manager shall be
        entitled to procure performance of the Manager’s duties and obligations under this Agreement to any of its subsidiaries or arrange on behalf of the Company, the Company’s management subsidiaries and the SPVs the performance of the Services by third
        parties (collectively, the “Sub-Managers”), as agreed to by the Company or the SPVs from time to time.

    
      3

      
        

    

    4.2          In the event of any
        sub-contract by the Manager or arrangement as mentioned above, the Manager shall promptly notify the Company, the Company’s management subsidiaries and the SPVs thereof and shall remain fully liable for the due performance of its obligations under
        this Agreement except in the case of sub-contracting or arranging the Services under Clause 2.1(f) in which case the Sub-Managers will be solely liable towards the Company, the Company’s management subsidiaries and the SPVs and the Manager will
        have no liability under Clause 6.2 of this Agreement or otherwise in respect of the performance of Services under Clause 2.1(f) by a Sub-Manager. The Company’s management subsidiaries and the SPVs, as applicable, shall enter into the relevant
        management agreements with the Sub-Managers in respect of the provision of the Services under Clause 2.1(f).

    

    

    	5	
            ASSIGNMENT

          

    

    

    5.1          The Parties may not
        assign any of their respective rights under this Agreement in whole or in part without the prior written consent of the other Party, which consent may be withheld in the sole discretion of such other Party. This Agreement is binding upon and inures
        to the benefit of the Parties and their successors and permitted assigns.

    

    

    	6	
            LIABILITY AND INDEMNITY

          

    

    

    6.1          Neither the Company nor
        the Manager shall be under any liability for any failure to perform any of its obligations hereunder if any of the following occurs (“Force Majeure Event”):

    

    

    	

          	(i)	
            any event, cause or condition which is beyond the reasonable control of either or both of the Parties and which prevents either or both of the Parties from performing
              any of their respective obligations under this Agreement;

          

    

    

    	

          	(ii)	
            acts of God, including fire, explosions, unusually or unforeseeably bad weather conditions, epidemic, lightning, earthquake or tsunami;

          

    

    

    	

          	(iii)	
            acts of public enemies, including war or civil disturbance, vandalism, sabotage, terrorism, blockade or insurrection;

          

    

    

    	

          	(iv)	
            acts of any governmental authority, including injunction or restraining orders issued by any judicial, administrative or regulatory authority, expropriation or
              requisition;

          

    

    

    	

          	(v)	
            government rule, regulation or legislation, embargo or national defense requirement; or

          

    

    

    	

          	(vi)	
            labor troubles or disputes, strikes or lockouts, including any failure to settle or prevent such event which is in the control of any Party.

          

    

    

    A Party shall give written notice to the other Party promptly upon the occurrence of a Force Majeure Event.

    

    

    6.2          Subject to Clause 6.1,
        the Manager and any directors or employees of the Manager or the directors and officers appointed pursuant to Clause 2.1(o) shall be under no liability whatsoever to the Company or the SPVs for any loss, damage, delay or expense of whatsoever
        nature, whether direct or indirect, and howsoever arising in the course of the performance of this Agreement, unless and to the extent that the same is proved to have resulted solely from (i) fraud, gross negligence or willful misconduct of the
        Manager, its employees, agents and the directors and officers appointed pursuant to Clause 2.1(o), or (ii) any breach of this Agreement by the Manager, its employees and agents and of the directors and officers appointed pursuant to Clause 2.1(o)
        (in which case, with the exception of fraud or willful misconduct, the Manager’s liability for each incident or series of incidents giving rise to a claim or claims under this Agreement shall never exceed a total of US$100,000.

    
      4

      
        

    

    6.3          Except to the extent that
        the Manager would be liable under Clause 6.2, the Company and the SPVs hereby undertake to keep the Manager and its employees, agents, directors, officers and the Sub-Managers and the directors and officers appointed pursuant to Clause 2.1(o)
        indemnified and to hold them harmless against all actions, proceedings (whether civil, criminal, administrative or investigative), claims, demands or liabilities whatsoever and howsoever arising which may be brought against them, threatened or
        incurred or suffered by them arising out of or in connection with the performance of this Agreement, and against and in respect of all costs, losses, damages and expenses of whatsoever nature and kind (including but not limited to legal costs,
        attorneys’ fees, judgements, fines, amounts paid in settlement and any other expenses on a full indemnity basis) which the Manager, its directors, officers, employees, agents or the Sub-Managers and the directors and officers appointed pursuant to
        Clause 2.1(o) may suffer or incur (either directly or indirectly) in the course of the performance of this Agreement unless the same is proven to have resulted
        solely from the gross negligence or willful default of the Manager or its directors, officers, employees, or agents or the Sub-Managers employed by them or the directors and officers appointed pursuant to Clause 2.1(o).

    

    

    6.4          No director, officer,
        employee, agent or Sub-Manager of the Manager or any director and officer appointed pursuant to Clause 2.1(o) shall in any circumstances whatsoever be under any liability for any loss, damage or delay of whatsoever kind arising or resulting
        directly or indirectly from any act, neglect or default on his part while acting in the course of or in connection with his employment or holding of a directorship or office and, without prejudice to the generality of the foregoing provisions in
        this Clause 6.4, every exemption, limitation, condition and liberty herein contained and every right, exemption from liability, defense and immunity of whatsoever nature applicable to the Manager or to which the Manager is entitled hereunder shall
        also be available and shall extend to protect every such director, officer, employee, agent or Sub-Manager of the Manager and the director and officer appointed pursuant to Clause 2.1(o) acting as aforesaid, and all such persons shall have the
        right under the Contracts (Rights of Third Parties) Act 1999 to enforce and to enjoy the benefit of this Clause 6.

    

    

    6.5          The Manager or any of
        their directors or officers or any of the directors and officers appointed pursuant to Clause 2.1(o) shall not be liable for any indirect or consequential losses for any reason whatsoever.

    

    

    6.6          No director or officer
        appointed from time to time pursuant to Clause 2.1(o) shall be personally liable to any of the SPVs or the Company or to any shareholder or beneficial owner of the Company for monetary damages for breach of fiduciary duty as a director or officer,
        provided that this provision shall not limit the liability of a director or officer (i) for any breach of the director’s or the officer’s duty of loyalty to the SPVs of the Company, (ii) for acts or omissions proven to be made or not made in good
        faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 28 (m) of the Business Corporations Act of Marshall Islands or any other applicable law, or (iv) or any transaction from which any director or officer
        derived an improper personal benefit.

    

    

    6.7          Any repeal or
        modification of this Clause 6 shall not adversely affect any rights to indemnification of the Manager, their employees, agents, Sub-Managers and the directors or officers appointed pursuant to Clause 2.1(o) existing at the time of such repeal or
        modification with respect to any acts or omissions occurring prior to such repeal or modification.

    

    

    	7	
            NO JOINT VENTURE

          

    

    

    7.1          Nothing in this Agreement
        is intended to create or shall be construed as creating a joint venture or partnership between the Parties, and this Agreement shall not be deemed for any purpose to constitute any Party a partner of any other Party to this Agreement in the conduct
        of any business or otherwise or as a member of a joint venture or joint enterprise with any other Party to this Agreement.

    

    

    	8	
            DURATION OF THE AGREEMENT

          

    

    

    8.1          The initial term of this
        Agreement shall commence on the date hereof and shall continue until December 31, 2024, unless it is terminated earlier by the Parties as provided in Clause 8.3 (the “Initial Term”).

    
      5

      
        

    

    8.2          This Agreement will,
        without any further act or formality on the part of either Party, on the expiration of the Initial Term, or any Renewal Term, be automatically renewed for a further term of twelve (12) months (each a “Renewal Term”) unless terminated in accordance with Clause 8.3.

    

    

    8.3          Either Party may
        terminate this Agreement at any time by providing to the other party three (3) months’ prior written notice. This Agreement may be  terminated immediately (i) in the event of a material breach of this Agreement, or (ii) if an order be made or
        resolution be passed for the winding up of the other party (otherwise than a winding up for the purpose of reconstruction or amalgamation), or if a receiver be appointed of the undertaking or property of the other party, or if the other party shall
        suspend payment or cease to carry on business or make any special arrangement or composition with its creditors.  Upon termination, the Manager shall assist with any transition required by the Company, the Company’s management subsidiaries or the
        SPVs to another service provider or manager providing services that are substantially similar to the Services.

    

    

    	9	
            NOTICES

          

    

    

    9.1          All notices, consents and
        other communications hereunder or necessary to exercise any rights granted hereunder, shall be writing, either by hand, by prepaid registered mail or telefax, addressed as follows:

    

    

    Company, certain subsidiaries of the Company and SPVs:

    c/o 154 Vouliagmenis Avenue

    16674 Glyfada, Athens Greece

    For the Attention of

    United Maritime Corporation

    E-mail: finance@usea.gr / legal@usea.gr

    Fax: +30 210 9638404

    

    

    Manager:

    Executive Offices at 154 Vouliagmenis Avenue

    16674 Glyfada, Athens Greece

    For the Attention of

    Finance & Legal Departments

    E-mail: finance@seanergy.gr / legal@seanergy.gr

    Fax: +30 210 9638404

    

    

    Any Party may change the address to which notices, requests, consents or other communications hereunder are to be delivered by giving to the other Parties
      notice in the manner set forth in this Clause 9.1.

    

    

    Any notice:

    

    

    	

          	(i)	
            if validly delivered on a Business Day, shall be deemed to have been given when delivered; and

          

    

    

    	

          	(ii)	
            if validly transmitted by fax on a Business Day, shall be deemed to have been given on that Business Day.

          

    

    

    	10	
            APPLICABLE LAW AND JURISDICTION

          

    

    

    10.1      This Agreement (including
        any non-contractual obligations arising from or in connection with the same) shall be governed by, and construed in accordance with, English law. Any dispute arising out of or in connection with this Agreement (including any non-contractual
        obligations arising from or in connection with the same) shall be referred to arbitration in London in accordance with the Arbitration Act 1996, or any statutory modification or re-enactment thereof save to the extent necessary to give effect to
        the provisions of this Clause. The language of the Arbitration shall be English and the Arbitration shall be conducted in accordance with the London Maritime Arbitrators Association (LMAA) terms current at the time when the arbitration proceedings
        are commenced. The reference shall be to three arbitrators. Each party to appoint one arbitrator and the two so appointed to appoint the third who shall act as chairman of the Tribunal. On the receipt by one party of the nomination in writing of
        the other party’s arbitrator, that party shall appoint their arbitrator within fourteen days, failing which the single arbitrator shall act as sole arbitrator and any decision of the sole arbitrator shall be binding in both parties as if the sole
        arbitrator had been appointed by agreement. The two arbitrators so appointed shall appoint the third arbitrator within fourteen days.

    
      6

      
        

    

    10.2          In cases where neither
        the claim nor any counterclaim exceeds the sum of US$100,000, the arbitration shall be conducted in accordance with the LMAA Small claims Procedure current at the time when the arbitration proceedings are commenced.

    

    

    	11	
            MISCELLANEOUS

          

    

    

    11.1       No Party shall disclose to
        any third parties information that it has relating to the businesses, properties, financial condition, results of operations or prospects of any of the other Parties or make use of such information other than to the extent necessary for the purpose
        of performing this Agreement, except (i) to the extent such information is publicly available or is obtainable from independent sources who did not receive the information from such other Party, (ii) as requested or required by its representatives,
        legal counsel, accountants, advisers, auditors, any law or statutory body, including but not limited to any stock exchange and/or Securities and Exchange Commission laws and regulations applicable to either Party, any applicable accounting
        standards, ordered by any court, regulation, court order, judicial process or arbitral award (including by oral questions, interrogatories, requests for information or other documents in legal proceedings, subpoena, civil investigative demand or
        any other similar legal process), or (iii) as authorized in writing by such other Party.

    

    

    11.2       This Agreement constitutes
        the sole understanding and agreement of the Parties hereto with respect to the subject matter hereof and supersedes all prior agreements or understandings, written or oral, with respect thereto. This Agreement may not be amended, waived or
        discharged except by an instrument or instruments in writing executed by the party against whom enforcement of such amendment, waiver or discharge is sought.

    

    

    	11.3	
            This Agreement may be executed in one or more written counterparts each of which shall be deemed an original, but all of which together shall constitute one instrument.

          

    

    

    [signature page follows]

    
      7

      
        

    

    

    

    IN WITNESS whereof the undersigned have executed
      this agreement as of the date first above written.

    

    

    	 	
            The Manager

            SEANERGY MARITIME HOLDINGS CORP.

          
	 	 
	 	
            By:

          	
            
               /s/ Stamatios Tsantanis

            

          
	 	
            Name:

          	
             Stamatios Tsantanis

          
	 	
            Title:

          	
             Chief Executive Officer

          

    

    

    

    

    	 	
            UNITED MARITIME CORPORATION

          
	 	 	 
	 	
            By:

          	
            
               /s/ Stavros Gyftakis

            

          
	 	
            Name:

          	
             Stavros Gyftakis

          
	 	
            Title:

          	
             Chief Financial Officer

          

    

    

    
      [Signature Page to Master Management Agreement]

      
        
          

      

      Schedule I

    

    

    

    	
             

            

            Vessel Name

             

            

          	
            SPVs

          
	
             

            

            M/V Gloriuship (IMO 9266944)

             

            

          	
            Sea Glorius Shipping Co., of the Republic of the Marshall IslandsExhibit 10.9

      

      

      

      Dated 1 July 2022

    

    

    

    (originally) US$22,500,000 facility with

    US$4,950,000 outstanding

    

    

    

    

    

    

    

    

    SEA GLORIUS SHIPPING CO.

    as Borrower

    

    

    and

    

    

    SEANERGY MARITIME HOLDINGS CORP.

    as Existing Guarantor

    

    

    and

    

    

    UNITED MARITIME CORPORATION

    as Replacement Guarantor

    

    

    and

    

    

    KROLL AGENCY SERVICES LIMITED

    as Facility Agent

    

    

    and

    

    

    KROLL TRUSTEE SERVICES LIMITED

    as Security Agent

    

    

    

    

    

    

    

    

    DEED OF RELEASE, ACCESSION AND AMENDMENT

    

    

    relating to a facility agreement dated 15 July 2020

    in respect of the refinancing of certain existing indebtedness

    secured on m.v. "GLORIUSHIP"

    
      
        

    

    Index

    

    

    

    

    
      	Clause	Page

            
	
               

            	
               

            	
               

            
	1

            	Definitions and Interpretation	1

            
	2

            	Conditions Precedent	3

            
	3

            	Representations	3

            
	4

            	Release of Existing Guarantor	4

            
	5

            	Agreement and Waiver	4

            
	6

            	Accession of Replacement Guarantor	4

            
	7

            	Amendments to Facility Agreement
                  and Other Finance Documents

              	5

            
	8

            	Further Assurance	8

            
	9

            	Costs and Expenses	8

            
	10

            	Notices	8

            
	11

            	Counterparts	8

            
	12

            	Governing Law	8

            
	13

            	Enforcement	9

            
	
               

            	
               

            	
               

            
	
              Schedules

            	

            
	
               

            	
               

            	
               

            
	Schedule 1 Conditions Precedent	10

            
	 	 
	Execution	

            
	

            	 
	Execution Pages	11

            

    

    

    
      
        

    

    

    THIS DEED is made on 1 July 2022

    

    

    PARTIES

    

    

    	(1)	
            SEA GLORIUS SHIPPING CO., a corporation incorporated in the
              Republic of the Marshall Islands whose registered address is at Trust Company Complex, Ajeltake Road, Ajeltake Island, MH96960, Majuro, Marshall Islands as borrower (the "Borrower")

          

    

    

    	(2)	
            SEANERGY MARITIME HOLDINGS CORP., a corporation incorporated in
              the Republic of the Marshall Islands whose registered address is at Trust Company Complex, Ajeltake Road, Ajeltake Island, MH96960, Majuro, Marshall Islands as existing guarantor (the "Existing Guarantor")

          

    

    

    	(3)	
            UNITED MARITIME CORPORATION, a corporation incorporated in the Republic of the Marshall Islands whose registered address is at Trust Company Complex, Ajeltake Road,
              Ajeltake Island, MH96960, Majuro, Marshall Islands as new guarantor (the "Replacement Guarantor")

          

    

    

    	(4)	
            KROLL AGENCY SERVICES LIMITED (previously Lucid Agency
                Services Limited) as agent of the other Finance Parties (the "Facility Agent")

          

    

    

    	(5)	
            KROLL TRUSTEE SERVICES LIMITED (previously Lucid Trustee
                Services Limited) as security agent for the Secured Parties (the "Security Agent")

          

    

    

    BACKGROUND

    

    

    	(A)	
            By the Facility Agreement, the Lenders agreed to make available to the
                Borrower a secured term loan facility of (originally) up to US$22,500,000 of which a principal amount of US$4,950,000 is outstanding as at
                the date of this Deed.

          

    

    

    	(B)	
            The Borrower and the Existing Guarantor have requested that the Finance Parties consent to the Shares Transfer (as this term is defined below) and the
              replacement of the Existing Guarantor by the Replacement Guarantor subject to the terms and conditions of this Deed and have agreed to amend and supplement the Facility Agreement as set out in this Deed.

          

    

    

    OPERATIVE PROVISIONS

    

    

    	1	
            DEFINITIONS AND INTERPRETATION

          

    

    

    	1.1	
            Definitions

          

    

    

    In this Deed:

    

    

    "Amended Facility
        Agreement" means the Facility Agreement as amended and supplemented by this Deed.

    

    

    "Effective Date"
      means the date on which the conditions precedent as provided in Clause 2 (Conditions Precedent) have been satisfied.

    

    

    "Existing Obligor"
      means the Borrower and the Existing Guarantor.

    

    

    "Facility Agreement"
      means the facility agreement dated 15 July 2020 (as amended and supplemented from time to time) and made between, amongst others, (i) the Borrower, (ii) the Existing Guarantor, (iii) the Lenders, (iv) the Facility Agent and (v) the Security Agent.

    
      
        

    

    "New Shares Security"
      means the shares security to be entered into between (i) the Replacement Guarantor as shareholder and (ii) the Security Agent in relation to the shares in the Borrower, in agreed form.

    

    

    "Obligor" means
      the Borrower and the Replacement Guarantor.

    

    

    "Party" means a
      party to this Deed.

    

    

    "Released Shares
        Security" means the shares security dated 17 July 2020 between (i) the Existing Guarantor as shareholder and (ii) the Security Agent in relation to the shares in the Borrower.

    

    

    "Shares Transfer"
      means the transfer of ownership of all the shares in the Borrower from the Existing Guarantor to the Replacement Guarantor.

    

    

    "Spin-Off"
      means a series of transactions following which the Borrower and the Replacement Guarantor will separate from the Existing Guarantor and, simultaneously, the Replacement Guarantor:

    

    

    	

          	(a)	
            will hold directly all of the shares in the Borrower; and

          

    

    

    	

          	(b)	
            will hold indirectly, through the Borrower, Ship A.

          

    

    

    "Spin-Off Completion
        Date" means, the date on which the shares of the Replacement Guarantor are distributed to the shareholders of the Existing Guarantor.

    

    

    	1.2	
            Defined expressions

          

    

    

    Defined expressions in the Facility Agreement shall have the same meanings when used in this Deed unless the context
      otherwise requires or unless otherwise defined in this Deed.

    

    

    	1.3	
            Application of construction and interpretation provisions of Facility Agreement

          

    

    

    Clause 1.2 (construction)
      of the Facility Agreement applies to this Deed as if it were expressly incorporated in it with any necessary modifications.

    

    

    	1.4	
            Agreed forms of new, and supplements to, Finance Documents

          

    

    

    References in Clause 1.1 (Definitions) to any new or supplement to a Finance Document being in "agreed form" are to that Finance Document:

    

    

    	(a)	
            in a form attached to a certificate dated the same date as this Deed (and signed by the Borrower and the Facility Agent (acting on the instructions of
              the Majority Lenders)); or

          

    

    

    	(b)	
            in any other form agreed in writing between the Borrower and the Facility Agent (acting with the authorisation of the Majority Lenders or, where clause
              42.2 (all lender matters) of the Facility Agreement applies, all the Lenders).

          

    

    

    	1.5	
            Designation as a Finance Document

          

    

    

    The Borrower and the Facility Agent designate this Deed as a Finance Document.

    
      
        

    

    	1.6	
            Authorisation of Facility Agent

          

    

    

    The Facility Agent confirms that it is authorised to execute this Deed for an on behalf of each of the Lenders
      pursuant to clause 29.2 (instructions) of the Facility Agreement.

    

    

    	1.7	
            Third party rights

          

    

    

    	(a)	
            Unless provided to the contrary in a Finance Document, a person who is not a Party has no right under the Third Parties Act to enforce or to enjoy the
              benefit of any term of this Deed.

          

    

    

    	(b)	
            Subject to clause 42.3 (other exceptions) of the
              Facility Agreement but otherwise notwithstanding any term of any Finance Document, the consent of any person who is not a Party is not required to rescind or vary this Deed at any time.

          

    

    

    	2	
            CONDITIONS PRECEDENT

          

    

    

    	(a)	
            The Facility Agent shall send to the Lenders all of the documents and other evidence listed in Schedule 1 (Conditions Precedent) which it has received.

          

    

    

    	(b)	
            Once each Lender has confirmed to the Facility Agent in writing that it is satisfied as to the satisfaction of the conditions precedent referred to in
              listed in Schedule 1 (Conditions Precedent), the Facility Agent shall notify the Borrower promptly upon receipt of such confirmations.

          

    

    

    	(c)	
            Other than to the extent that the Majority Lenders notify the Facility Agent in writing to the contrary at any time before the Facility Agent gives the
              notification described in paragraph (b) above, the Lenders authorise (but do not require) the Facility Agent to give that notification.  The Facility Agent shall not be liable for any damages, costs or losses whatsoever as a result of giving
              any such notification.

          

    

    

    	3	
            REPRESENTATIONS

          

    

    

    	3.1	
            Facility Agreement representations

          

    

    

    	(a)	
            Each Existing Obligor makes the representations and warranties set out in clause 18 (representations) of the Facility Agreement by reference to the circumstances then existing on the date of this Deed.

          

    

    

    	(b)	
            Each Obligor makes the representations and warranties set out in clause 18 (representations) of the Amended Facility Agreement by reference to the circumstances then existing on the Effective Date.

          

    

    

    	3.2	
            Finance Document representations

          

    

    

    	(a)	
            Each Existing Obligor makes the representations and warranties set out in the Finance Documents (other than the Facility Agreement) to which it is a
              party, by reference to the circumstances then existing on the date of this Deed.

          

    

    

    	(b)	
            Each Obligor makes the representations and warranties set out in the Finance Documents (other than the Facility Agreement) to which it is a party, as
              amended and supplemented by this Deed and updated with appropriate modifications to refer to this Deed, by reference to the circumstances then existing on the Effective Date.

          

    
      
        

    

    	4	
            RELEASE OF EXISTING GUARANTOR

          

    

    

    	4.1	
            Release of Security

          

    

    

    On and from the Effective Date, the Security Agent (acting on the instructions of the Lenders) irrevocably and
      unconditionally releases any Security created in its favour under the Released Shares Security.

    

    

    	4.2	
            Release of obligations and liabilities

          

    

    

    On and from the Effective Date, the Facility Agent (on behalf of the Finance Parties) and the Security Agent (each
      acting on the instructions of the Lenders) releases the Existing Guarantor from its obligations and liabilities of any nature (except any surviving indemnities)  under any Finance Document to which it is a party.

    

    

    	4.3	
            Reassignment of assigned property

          

    

    

    One and from the Effective Date, the Security Agent (acting on the instructions of the Lenders), without any
      warranty, representation, covenant or other recourse whatsoever, agrees to reassign and hereby reassigns to the Existing Guarantor, all rights and interests of every kind in any asset assigned to the Security Agent by the Existing Guarantor under the
      Released Shares Security.

    

    

    	4.4	
            Delivery of Documents

          

    

    

    Subject to the occurrence of the Effective Date, the Security Agent shall promptly deliver to the Existing Guarantor
      each document delivered to it pursuant to the Released Shares Security.

    

    

    	5	
            AGREEMENT AND WAIVER

          

    

    

    On and from the Effective Date, the Facility Agent (acting on the instructions of the Lenders and on behalf of the
      Finance Parties):

    

    

    	(a)	
            consents to the Shares Transfer;

          

    

    

    	(b)	
            waives the application of Clause 19 (Financial
                Covenants); and

          

    

    

    	(c)	
            waives any Event of Default that has occurred in relation to the Borrower as a result of the occurrence of the Spin-Off Completion Date pursuant to:

          

    

    

    	

          	(i)	
            clause 26.4 (other obligations) of the Facility
              Agreement in relation to paragraph (c) of clause 21.18 (share capital);

          

    

    

    	

          	(ii)	
            clause 26.5 (misrepresentation) of the Facility
              Agreement in relation to a breach of paragraph (a) or (c) of clause 18.3 (share capital and ownership); and

          

    

    

    	

          	(iii)	
            clause 26.10 (ownership of the obligors) of the Facility Agreement.

          

    

    

    	6	
            ACCESSION OF REPLACEMENT GUARANTOR

          

    

    

    With effect on and from the Effective Date:

    

    

    	(a)	
            the Replacement Guarantor agrees that:

          

    
      
        

    

    	

          	(i)	
            it will accede to the Amended Facility Agreement as the Guarantor and it will assume the obligations of the Guarantor and an Obligor; and

          

    

    

    	

          	(ii)	
            it will be bound by the terms of the Amended Facility Agreement; and

          

    

    

    	(b)	
            the Borrower and the Facility Agent (acting on the instructions of the Lenders and on behalf of the Finance Parties) agree to the accession by the
              Replacement Guarantor to the Amended Facility Agreement.

          

    

    

    	7	
            AMENDMENTS TO FACILITY AGREEMENT AND OTHER FINANCE DOCUMENTS

          

    

    

    	7.1	
            Specific amendments to the Facility Agreement

          

    

    

    With effect on and from the Effective Date the Facility Agreement shall be, and shall be deemed by this Deed to be,
      amended as follows:

    

    

    	(a)	
            any reference in the Facility Agreement to "Seanergy Maritime Holdings Corp." shall be deleted entirely and replaced with "United Maritime Corporation";

          

    

    

    	(b)	
            any reference in the Facility Agreement to the Guarantor shall be construed as if it refers to the Replacement Guarantor;

          

    

    

    	(c)	
            any reference to the Shares Security in relation to Borrower A in the Facility Agreement shall be construed as if it refers to the "New Shares
              Security";

          

    

    

    	(d)	
            in clause 1.1 (definitions) of the Facility
              Agreement:

          

    

    

    	

          	(i)	
            the following definition shall be added:

          

    

    

    ""Deed of Release, Accession and Amendment" means the deed of
        release, accession and amendment dated 1 July 2022 between (i) Borrower A, (ii) Seanergy Maritime Holdings Corp. as existing guarantor, (iii) the
        Guarantor as replacement guarantor, (iv) the Facility Agent and (v) the Security Agent.";

    

    

    	

          	(ii)	
            an additional paragraph to the definition of "Finance Documents" shall be added to include a reference to "the Deed of Release, Accession and
              Amendment";

          

    

    

    	

          	(iii)	
            the definition of "Original Financial Statements" shall be deleted entirely;

          

    

    

    	(e)	
            paragraph (b) of clause 18.3 (share capital and
                ownership) of the Facility Agreement shall be deleted entirely and replaced with the following:

          

    

    

    "The Guarantor is authorised to issue
        2,100,000,000 shares of capital stock in aggregate, consisting of: (a) 2,000,000,000 registered shares of common stock, par value $0.0001, of which approximately 1.5 million shares are issued and outstanding, and (b) 100,000,000 registered shares
        of preferred stock, par value $0.0001, of which 40,000 shares designated as Series B Preferred Stock and 5,000 shares designated as Series C Preferred Stock, are issued and outstanding.";

    

    

    	(f)	
            paragraphs (a) and (b) of clause 18.15 (financial
                statements) shall be deleted entirely and the existing paragraphs (c) to (f) in that clause shall be redesignated as paragraphs (a) to (d);

          

    

    

    	(g)	
            paragraph (e) of clause 18.15 (financial statements)
              shall be deleted in its entirety;

          

    
      
        

    

    	(h)	
            paragraph (b) of clause 20.3 (requirements as to
                financial statements) shall be deleted in its entirety and replaced with the following:

          

    

    

    	

          	“(b)	
            Each Obligor shall procure that each set of financial statements delivered pursuant to Clause 20.2 (Financial statements)
                is prepared using GAAP.”;

          

    

    

    	(i)	
            paragraph (b) of clause 26.10 (ownership of the
                obligors) shall be deleted entirely and replaced with the following:

          

    

    

    	

          	"(b)	
            Any person or group of persons acting in concert (other than
              Seanergy Maritime Holdings Corp. and its ultimate beneficial owner) gains control of the Guarantor.";

          

    

    

    	(j)	
            the registration number of the Guarantor in part A of schedule 1 (the parties) of the Facility
                Agreement shall be deleted and replaced with 112801;

          

    

    

    	(k)	
            the address, fax number and other contact details of the Facility Agent and the Security Agent in part C of schedule 1 (the parties) of the Facility Agreement shall be deleted and replaced with the following:

          

    

    

    “The News Building, Level 6, 3 London Bridge Street, London, England SE1 9SG

    

    

    Fax: + 44 207 354 6132

    

    

    Attention: Kroll Agency and Trustee Services Limited (deals@ats.kroll.com)”;

    

    

    	(l)	
            any reference in the Facility Agreement to “Lucid Agency Services Limited” and “Lucid Trustee Services Limited” shall be construed as if the same
              referred to “Kroll Agency Services Limited” and “Kroll Trustee Services Limited” respectively;

          

    

    

    	(m)	
            the definition of, and references throughout to, each Finance Document, shall be construed as if the same referred to that Finance Document as amended
              and supplemented by this Deed; and

          

    

    

    	(n)	
            by construing references throughout to "this Agreement" and other like expressions as if the same referred to the Facility Agreement as amended and
              supplemented by this Deed.

          

    

    

    	7.2	
            Amendments to Finance Documents

          

    

    

    With effect on and from the Effective Date, each of the Finance Documents (other than the Released Shares Security)
      shall be, and shall be deemed by this Deed to be, amended as follows:

    

    

    	(a)	
            the definition of, and references throughout each of the Finance Documents to the Facility Agreement and any of the other Finance Documents shall be
              construed as if the same referred to, respectively:

          

    

    

    	

          	(i)	
            the Amended Facility Agreement; and

          

    

    

    	

          	(ii)	
            the other Finance Documents as amended and supplemented by this Clause 7.2 (Amendments to Finance Documents);

          

    

    

    	(b)	
            by construing references throughout each of the Finance Documents to the Guarantor as if the same referred to the Replacement Guarantor; and

          

    
      
        

    

    	(c)	
            by construing references throughout each of the Finance Documents to the address of each of the Security Agent and the Facility Agent as if the same
              referred to “The News Building, Level 6, 3 London Bridge Street, London, England SE1 9SG”;

          

    

    

    	(d)	
            by construing references throughout each of the Finance Documents to “Lucid Agency Services Limited” and “Lucid Trustee Services Limited” as if the same
              referred to “Kroll Agency Services Limited” and “Kroll Trustee Services Limited” respectively;

          

    

    

    	(e)	
            by construing references throughout each of the Finance Documents to "this Deed", "hereunder" and other like expressions as if the same referred to
              those Finance Documents as amended and/or supplemented by this Deed.

          

    

    

    	7.3	
            Obligor Confirmation

          

    

    

    On the Effective Date, each Obligor:

    

    

    	(a)	
            confirms its acceptance of the amendments effected by this Deed;

          

    

    

    	(b)	
            agrees that it is bound as an Obligor (as defined in the Amended Facility Agreement);

          

    

    

    	(c)	
            confirms that the definition of, and references throughout each of the Finance Documents to, the Facility Agreement and any of the other Finance
              Documents shall be construed as if the same referred to the Facility Agreement and those Finance Documents as amended and supplemented by this Deed;

          

    

    

    	(d)	
            (if it is the Replacement Guarantor) confirms that its guarantee and indemnity:

          

    

    

    	

          	(i)	
            will have full force and effect on the terms of the Amended Facility Agreement; and

          

    

    

    	

          	(ii)	
            extends to the obligations of the Transaction Obligors under the Finance Documents as amended and supplemented by this Deed.

          

    

    

    	7.4	
            Security confirmation

          

    

    

    On the Effective Date, each Obligor confirms that:

    

    

    	(a)	
            any Security created by it under the Finance Documents extends to the obligations of the Obligors under the Finance Documents as amended and
              supplemented by this Deed;

          

    

    

    	(b)	
            the obligations of the relevant Obligors under the Amended Facility Agreement are included in the Secured Liabilities (as defined in the Security
              Documents to which it is a party); and

          

    

    

    	(c)	
            the Security created under the Finance Documents continues in full force and effect on the terms of the respective Finance Documents.

          

    

    

    	7.5	
            Finance Documents to remain in full force and effect

          

    

    

    The Finance Documents (other than the Released Shares Security) shall remain in full force and effect and, from the
      Effective Date:

    

    

    	(a)	
            in the case of the Facility Agreement as amended and supplemented pursuant to Clause 7.1 (Specific amendments to the Facility Agreement);

          

    
      
        

    

    	(b)	
            in the case of the Finance Documents (other than the Facility Agreement) as amended and supplemented pursuant to Clause 7.2 (Amendments to Finance Documents);

          

    

    

    	(c)	
            the Facility Agreement and the applicable provisions of this Deed will be read and construed as one document;

          

    

    

    	(d)	
            the Finance Documents (other than the Facility Agreement) and the applicable provisions of this Deed will be read and construed as one document; and

          

    

    

    	(e)	
            except to the extent expressly effected by this Deed, no waiver is given by this Deed and the Lenders expressly reserve all their rights and remedies in
              respect of any breach of or other Default under the Finance Documents.

          

    

    

    	8	
            FURTHER ASSURANCE

          

    

    

    Clause 21.25 (further
        assurance) of the Facility Agreement, as amended and supplemented by this Deed, applies to this Deed as if it were expressly incorporated in it with any necessary modifications.

    

    

    	9	
            COSTS AND EXPENSES

          

    

    

    Clause 15.2 (amendment
        costs) of the Facility Agreement, as amended and supplemented by this Deed, applies to this Deed as if it were expressly incorporated in it with any necessary modifications.

    

    

    	10	
            NOTICES

          

    

    

    Clause 26 (notices)
      of the Facility Agreement, as amended and supplemented by this Deed, applies to this Deed as if it were expressly incorporated in it with any necessary modifications save that for the purposes of clause 26.2 (addresses) the notice details of the Replacement Guarantor are:

    

    

    154 Vouliagmenis Avenue, 166 74 Glyfada, Athens Greece

    

    

    Tel: +302130181507

    

    

    Email: legal@seanergy.gr

    

    

    Fax: +302109638404

    

    

    	11	
            COUNTERPARTS

          

    

    

    This Deed may be executed in any number of counterparts, and this has the same effect as if the signatures on the
      counterparts were on a single copy of this Deed.

    

    

    	12	
            GOVERNING LAW

          

    

    

    This Deed and any non-contractual obligations arising out of or in connection with it are governed by English law.

    
      
        

    

    	13	
            ENFORCEMENT

          

    

    

    	13.1	
            Jurisdiction

          

    

    

    	(a)	
            The courts of England have exclusive jurisdiction to settle any dispute arising out of or in connection with this Deed (including a dispute regarding
              the existence, validity or termination of this Deed or any non-contractual obligation arising out of or in connection with this Deed) (a "Dispute").

          

    

    

    	(b)	
            The Obligors and the Existing Guarantor accept that the courts of England are the most appropriate and convenient courts to settle Disputes and
              accordingly none of them will argue to the contrary.

          

    

    

    	(c)	
            To the extent allowed by law, this Clause 13.1 (Jurisdiction)
              is for the benefit of the Secured Parties only.  As a result, no Secured Party shall be prevented from taking proceedings relating to a Dispute in any other courts with jurisdiction.  To the extent allowed by law, the Secured Parties may take
              concurrent proceedings in any number of jurisdictions.

          

    

    

    	13.2	
            Service of process

          

    

    

    	(a)	
            Without prejudice to any other mode of service allowed under any relevant law, each Obligor and the Existing Guarantor:

          

    

    

    	

          	(i)	
            irrevocably appoints Messrs Shoreside Agents Ltd, presently at 11
              The Timber Yard, Drysdale Street, London, N1 6ND (T: +44 (0)20 3771 8869, M: + 44 (0) 7591 440086, Fax: +44 (0)20 3771 8870, attention: Andrew Johnson) as its agent for service of process in relation to any proceedings before the English courts in connection with any Finance Document; and

          

    

    

    	

          	(ii)	
            agrees that failure by a process agent to notify the relevant Obligor or Existing Guarantor of the process will not invalidate the proceedings
              concerned.

          

    

    

    	(b)	
            If any person appointed as an agent for service of process is unable for any reason to act as agent for service of process, the Borrower (on behalf of
              all the Obligors and the Existing Guarantor) must immediately (and in any event within five days of such event taking place) appoint another agent on terms acceptable to the Facility Agent.  Failing this, the Facility Agent may appoint
              another agent for this purpose.

          

    

    

    This Deed has been executed as a deed and delivered on the date stated at the beginning of this Deed.

    

    

    
      
        

    

    SCHEDULE 1

    

    

    CONDITIONS PRECEDENT

    

    

    	1	
            Obligors and Existing Guarantor

          

    

    

    In relation to each Obligor and the Existing Guarantor, documents of the kind specified in schedule 2, part A,
      paragraph 1 of the Facility Agreement.

    

    

    	2	
            Finance Documents

          

    

    

    	2.1	
            A duly executed original of this Deed.

          

    

    

    	2.2	
            A duly executed original of the New Shares Security (and of each document to be delivered under it).

          

    

    

    	3	
            Legal opinions

          

    

    

    	3.1	
            A legal opinion of Watson Farley & Williams Greece, legal advisers to the Lenders in England, substantially in the form distributed to the Lenders
              before signing this Deed.

          

    

    

    	3.2	
            A legal opinion of Watson Farley & Williams, New York, legal advisers to the Lenders in the Republic of the Marshall Islands, substantially in the
              form distributed to the Lenders before signing this Deed.

          

    

    

    	4	
            Other documents and evidence

          

    

    

    	4.1	
            On or immediately prior to the Spin-Off Completion Date, documentary evidence satisfactory to the Facility Agent (acting on the instructions of the
              Majority Lenders) that the Spin-Off has occurred.

          

    

    

    	4.2	
            Evidence satisfactory to the Facility Agent (acting on the instructions of the Majority Lenders) that (i) the Shares Transfer has been completed and
              (ii) the Spin-Off Completion Date has occurred.

          

    

    

    	4.3	
            Evidence that any process agent referred to in Clause 13.2 (Service of process) has accepted its appointment.

          

    

    

    	4.4	
            A copy of any other Authorisation or other document, opinion or assurance which the Facility Agent (acting on the instructions of the Majority Lenders)
              considers to be necessary or desirable (if it has notified the Borrower accordingly) in connection with the entry into and performance of the transactions contemplated by this Deed, the New Shares Security or for the validity and
              enforceability of any Finance Document as amended and supplemented by this Deed.

          

    

    

    	4.5	
            Evidence that the fees, costs and expenses then due from the Borrower pursuant to Clause 9 (Costs and Expenses) have been paid or will be paid by the Effective Date.

          

    

    

    	4.6	
            Such evidence as the Facility Agent may require for the Finance Parties to be able to satisfy each of their "know your customer", FATCA or similar
              identification procedures in relation to the transactions contemplated by this Deed and the New Shares Security.

          

    

    

    
      
        

    

    EXECUTION PAGES

    

    	 	 
	
            BORROWER

          	 
	 	 
	
            EXECUTED AS A DEED

          	
            )

          
	
            by SEA GLORIUS SHIPPING CO.

          	
            )

          
	
            acting by Stavros Gyftakis

          	
            )

          
	
            being Attorney in Fact

          	
            )

          
	
            in the presence of:

          	
            )

          
	 	)

          
	 	)

          
	
            Witness' signature: /s/ Maria Kalothetou

          	
            )

          
	
            Witness' name: Maria Kalothetou

          	
            )

          
	
            Witness' address: 154 Vouliagmenis Avenue

          	
            )

          
	
                                            1667 Glyfada, Athens Greence

          	
            )

          
	 	 
	
            EXISTING GUARANTOR

          	 
	 	 
	
            EXECUTED AS A DEED

          	
            )

          
	
            by SEANERGY MARITIME HOLDINGS CORP.

          	
            )

          
	
            acting by Stavros Gyftakis

          	
            )

          
	
            being Attorney in Fact

          	
            )

          
	
            in the presence of:

          	
            )

          
	
            

            

          	)

          
	 	)

          
	
            Witness' signature: /s/ Maria Kalothetou

          	
            )

          
	
            Witness' name: Maria Kalothetou

          	
            )

          
	
            Witness' address: 154 Vouliagmenis Avenue

          	
            )

          
	
                                            1667 Glyfada, Athens Greece

          	
            )

          
	 	 
	
            REPLACEMENT GUARANTOR

          	 
	 	 
	
            EXECUTED AS A DEED

          	
            )

          
	
            by UNITED MARITIME CORPORATION

          	
            )

          
	
            acting by Stavros Gyftakis

          	
            )

          
	
            being Attorney in Fact

          	
            )

          
	
            in the presence of:

          	
            )

          
	
            

            

          	)

          
	 	)

          
	
            Witness' signature: /s/ Maria Kalothetou

          	
            )

          
	
            Witness' name: Maria Kalothetou

          	
            )

          
	
            Witness' address: 154 Vouliagmenis Avenue

          	
            )

          
	
                                            16674 Glyfada, Athens Greece

          	
            )

          

    
      
        

    

    	 	 
	
            FACILITY AGENT

          	 
	 	 
	
            EXECUTED AS A DEED

          	
            )

          
	
            by KROLL AGENCY SERVICES LIMITED

          	
            )

          
	
            (previously Lucid Agency Services Limited)

          	
            )

          
	
            acting by Maria Ioanna Pantelaki

          	
            )

          
	
            being Attorney in Fact

          	
            )

          
	
            in the presence of:

          	
            )

          
	
            

            

          	)

          
	 	)

          
	
            Witness' signature: /s/ Charikleia Mavromati

          	
            )

          
	
            Witness' name: Charikleia Mavromati

          	
            )

          
	
            Witness' address: 348 Syngrou Avenue

          	
            )

          
	
                                            176 74 Kallithea Athens Greece

          	
            )

          
	 	 
	
            SECURITY AGENT

          	 
	 	 
	
            EXECUTED AS A DEED

          	
            )

          
	
            by KROLL TRUSTEE SERVICES LIMITED

          	
            )

          
	
            (previously Lucid Trustee Services Limited)

          	
            )

          
	
            acting by Maria Ioanna Pantelaki

          	
            )

          
	
            being Attorney in Fact

          	
            )

          
	
            in the presence of:

          	
            )

          
	
            

            

          	)

          
	 	)

          
	
            Witness' signature: /s/ Charikleia Mavromati

          	
            )

          
	
            Witness' name: Charikleia Mavromati

          	
            )

          
	
            Witness' address: 348 Syngrou Avenue

          	
            )

          
	
                                            176 74 Kallithea Athens Greece

          	
            )

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}]]