FOURTH SUPPLEMENTAL AGREEMENT
FOURTH
SUPPLEMENTAL AGREEMENT
To: Aries
Maritime Transport Limited
Nap.
Xxxxx 00, xxx.
000 00
Xxxxxxx, Xxxxxx
July
2007
Dear
Sirs,
US$360,000,000
Revolving Credit Facility
We refer
to the facility agreement dated 3 April 2006 (as supplemented and amended from
time to time) (the “Facility
Agreement”) and made between (1) you, (hereinafter referred to as the
“Borrower”), (2) the
banks and financial institutions as set out in Schedule 1 to the Facility
Agreement (the “Banks”),
(3) The Governor and Company of the Bank of Scotland and Nordea Bank Finland plc
as joint lead arrangers (the “Arrangers”) (4) the banks and
financial institutions set out at Schedule 1, part 3 to the Facility Agreement
in their capacity as co-arrangers (the “Co-Arrangers”), (5) the
banks and financial institutions set out at Schedule 1, part 2 to the Facility
Agreement in their capacity as swap banks (the “Swap Banks”) and (6) The
Governor and Company of the Bank of Scotland (the “Agent”, and together with the
Banks, the Arrangers, the Co-Arrangers and the Swap Banks, the “Finance Parties” and each a
“Finance Party”) as
agent, security agent and trustee on behalf of the Finance Parties, pursuant to
which the Banks agreed to make available to you upon the terms and conditions
therein the aggregate sum of up to three hundred and sixty million Dollars
($360,000,000) (the “Loan”).
You, the
Borrower, have now requested that we, in our capacity as security agent and
trustee on behalf of the Finance Parties, agree on behalf of the Finance
Parties, to:
|
(A)
|
the
change of charterer of the Xxxxxxxx Islands flag “ANL ENERGY” with
official number 2062 (the “Ship”) from CMA CGM S.A.
to I.R.I.S.L. (ISLAMIC REPUBLIC OF IRAN SHIPPING LINES) (“IRISL”);
and
|
|
(B)
|
the
change of name of the Ship to “ENERGY
1”.
|
We, as
Agent, on behalf of the Finance Parties but subject to the receipt and
satisfaction of the Conditions Precedent listed in Schedule 1 hereto,
hereby:
|
1
|
agree
and consent to the change of charterer of the Ship to
IRISL;
|
|
2
|
agree
and consent to the change of name of the Ship from “ANL ENERGY” to “ENERGY
1”;
|
|
3
|
agree
to the deletion of the words “ANL ENERGY” wherever they appear in the
Facility Agreement and their replacement with the word and number “ENERGY
1”; and
|
|
4
|
agree
to the deletion of the charterer’s name “CMA CGM S.A.” and replacing it
with the name “I.R.I.S.L. (ISLAMIC REPUBLIC OF IRAN SHIPPING LINES)” in
the description of the Ship in Schedule 2, Part 1 of the Facility
Agreement.
|
Please
countersign and return a copy of this letter as evidence of your agreement to
all of its terms and conditions and procure the countersignature and return of
this letter by the Owners and the Manager as evidence of their agreement to all
of its terms and conditions.
Words and
expressions defined in the Facility Agreement shall, unless the context
otherwise requires or unless defined herein, have the same meanings when used in
this letter.
This
letter shall be governed by and construed in accordance with the laws of
England.
Yours
faithfully,
………………………
For and
on behalf of
THE
GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
(as
security agent and trustee for the Finance Parties)
We agree
to the terms of this letter.
………………………
For and
on behalf
of
ARIES
MARITIME TRANSPORT LIMITED
We agree
to the terms of this letter.
………………………
For and
on behalf of
MAGNUS
CARRIERS CORPORATION
We agree
to the terms of this letter.
………………………
For and
on behalf of
OSTRIA
WAVES LTD.
XXXXXX
MARINE LIMITED
VINTAGE
MARINE S.A.
LAND
MARINE X.X.
XXXXX
MARINE S.A.
ALTIUS
MARINE S.A.
FORTIUS
MARINE S.A.
JUBILEE
SHIPHOLDING S.A.
OLYMPIC
GALAXY SHIPPING LIMITED
DYNAMIC
MARITIME COMPANY
MAKASSAR
MARINE LTD.
SEINE
MARINE LTD.
CHINOOK
WAVES CORPORATION
COMPASS
OVERSEAS LTD.
COMPASSION
OVERSEAS LTD.
SK 23113 0002
896034
