EXHIBIT 10(g)(2)
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AMENDMENT NO. 1
DATED
TO MANAGEMENT AGREEMENT DATED AS OF
BETWEEN (THE "OWNER")
AND MARITIME OVERSEAS CORPORATION ("MOC")
W I T N E S S E T H :
IT IS HEREBY MUTUALLY AGREED as follows:
1. Section 5(b) of the Management Agreement, which
provides for the escalation of the fees payable to MOC in the
circumstances set forth therein, is hereby amended, effective the
date hereof, by suspending the application of the provisions of
said Section 5(b) during such period as the Owner's vessel
(formerly Hull No. ) is chartered under Time
Charter Party dated , as amended from time to
time, including the Renewal Period referred to therein (the
"Charter"). Upon termination of the Charter, the provisions of
said Section 5(b) shall once again become effective.
2. Except as amended hereby, all of the terms and
conditions of the Management Agreement shall remain unaltered and
continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this
Amendment No. 1 to the Management Agreement the day and year
first above written.
By:
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MARITIME OVERSEAS CORPORATION
By:
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EXHIBIT 10(g)(2)
----------------
AMENDMENT NO. 2
DATED AS OF
TO MANAGEMENT AGREEMENT DATED AS OF
BETWEEN (THE "OWNER")
AND MARITIME OVERSEAS CORPORATION ("MOC")
W I T N E S S E T H :
IT IS HEREBY MUTUALLY AGREED as follows:
1. Section 5(a) of the Management Agreement is hereby
amended, commencing on the Effective Date, as defined in Addendum
No. dated as of to the Time Charter Party
dated covering the Owner's vessel (formerly
Hull No. ), to read as follows:
"(a) For the duties and services to be performed
hereunder, MOC shall receive in respect of the Vessel
listed on Schedule "A" hereto, during such period as
said Vessel is chartered under Time Charter Party dated
, as amended from time to time, the sum
of $24,240 per month, payable in advance on the first
business day of each month."
2. Except as amended hereby, all of the terms and
conditions of the Management Agreement, as amended by
Amendment No. 1, shall remain unaltered and continue in full
force and effect.
IN WITNESS WHEREOF, the parties hereto have executed
this Amendment No. 2 to the Management Agreement the day and
year first above written.
By:
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MARITIME OVERSEAS CORPORATION
By:
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