EXHIBIT 10.21 AGREEMENT NO. 1 OF JULY 22, 2005 TO THE "SHIPMAN 98" AGREEMENT DATED JULY 1, 2004 BETWEEN ADVENTURE TWO S.A. & FREE BULKERS S.A. IT IS TODAY MUTUALLY AGREED THAT THE FOLLOWING AMENDMENTS ARE IN FORCE BOX 10 - YES, 1% OF GROSS AMOUNT BOX...
EXHIBIT 10.21 AGREEMENT NO. 1 OF JULY 22, 2005 TO THE "XXXXXXX 98" AGREEMENT DATED JULY 1, 2004 BETWEEN ADVENTURE TWO S.A. & FREE BULKERS S.A. IT IS TODAY MUTUALLY AGREED THAT THE FOLLOWING AMENDMENTS ARE IN FORCE XXX 00 - XXX, 0% XX XXXXX XXXXXX XXX 00 - YES, 1.25 % OF GROSS FREIGHT, DEMURRAGE HIRE PAYABLE ON FIXTURES AFTER REDELIVERY FROM CP DD JUNE 30, 2004 THE OWNERS THE MANAGERS /s/ Xxxxxx X. Gourdomichalis /s/ Ion X. Xxxxxxxxxx