FORM OF WARRANT AGREEMENT between EXCEL MARITIME CARRIERS LTD. and [WARRANT AGENT]Warrant Agreement • September 1st, 2010 • Thurman International Ltd. • Deep sea foreign transportation of freight • New York
AMENDMENT NO. 1 TO WARRANT NO. W-1Stock Purchase Agreement • August 5th, 2010 • Thurman International Ltd. • Deep sea foreign transportation of freight
THIS AMENDMENT NO. 1 TO WARRANT NO. W-1 (this "Amendment"), dated as of March 26, 2010, is entered into by and among EXCEL MARITIME CARRIERS LTD., a corporation organized under the laws of the Republic of Liberia (the "Company"), and LHADA HOLDINGS INC., a corporation organized und under the laws of the Republic of Liberia (the "Warrantholder").
