ADDENDUM NO. 1 To the Memorandum of Agreement dated 20th August 2008 (the “Contract”) Between IRIS MARINE CARRIERS S.A. Panama (the “Sellers”) And GAVIAL MARINE CORPORATION., Liberia A guaranteed nominee of Oceanaut Inc., Marshall Islands (the...
ADDENDUM
NO. 1
To the Memorandum of Agreement dated 20th August 2008
(the “Contract”)
Between
IRIS MARINE CARRIERS S.A. Panama
(the “Sellers”)
And
GAVIAL MARINE CORPORATION., Liberia
A guaranteed nominee of Oceanaut Inc., Xxxxxxxx Islands
(the “Buyers”)
In respect of m/v “XXXX XX”
(the “Vessel”)
To the Memorandum of Agreement dated 20th August 2008
(the “Contract”)
Between
IRIS MARINE CARRIERS S.A. Panama
(the “Sellers”)
And
GAVIAL MARINE CORPORATION., Liberia
A guaranteed nominee of Oceanaut Inc., Xxxxxxxx Islands
(the “Buyers”)
In respect of m/v “XXXX XX”
(the “Vessel”)
It is Hereby agreed between the Buyers and Sellers that the
lifting of the Guarantor’s Board of Director’s
Approval referred to in Clause 20 of the Memorandum of
Agreement shall be extended from the 30th of September 2008
until latest 31st of October 2008.
In this respect, the delivery laycan referred to in
Clause 5 of the Memorandum of Agreement shall be extended
from 1st October / 1st December 2008 to
1st November / 31st December 2008 and the cancelling
date shall also be extended until 31st of December 2008 in the
Buyers’ option.
All other terms and conditions of the above mentioned Contract
remain unaltered and in full force.
In witness thereof the parties have caused this Addendum
No. 1 to be signed this 5th day of September 2008
| For the Sellers | For the Buyers | |
|
/s/ Xxxx English, X. Xxxxxxxx & Co. Ltd., Director
|
/s/ Xxxxxxx Panayotides, Chief Executive Officer and President |
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