to the Memorandum of Agreement dated 4th July 2018 (the "MOA'') in respect of "MONT FORT" (the "Vessel'') between VLGC DELTA OWNING LTD. of Marshall Islands (the "Sellers") and GLOBAL MERIDIAN HOLDINGS LIMITED of Bermuda (the "Original Buyers")
Exhibit 4.51
Addendum No. 1
to the Memorandum of Agreement dated 4th July 2018
(the "MOA'')
in respect of "MONT FORT" (the "Vessel'')
between
VLGC DELTA OWNING LTD. of Xxxxxxxx Islands (the
"Sellers")
and
GLOBAL MERIDIAN HOLDINGS LIMITED of Bermuda (the "Original Buyers")
| 1. |
The Original Buyers hereby nominate:-
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MERIDIAN 11 LIMITED (the "Buyers")
Registered Office: Canon's Court, 00 Xxxxxxxx Xxxxxx, Xxxxxxxx, XX 00, Xxxxxxx
Registered Office: Canon's Court, 00 Xxxxxxxx Xxxxxx, Xxxxxxxx, XX 00, Xxxxxxx
as the final buyers to complete the purchase and delivery of the Vessel as per the MOA and the Buyers
hereby accept the nomination.
| 2. |
The Sellers hereby agree to the above nomination.
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| 3. |
The Buyers hereby assume all the rights and obligations of the Original Buyers under the MOA.
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| 4. |
The Original Buyers hereby guarantee the due and punctual performance of the Buyers' obligations under the MOA.
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| 5. |
Except as otherwise provided herein, all other terms and conditions of the MOA shall remain unchanged and in full force.
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| 6. |
This Addendum No. 1 shall be governed by and construed in accordance with English law and Clause 16 (Law and Arbitration) of the MOA shall apply to this
Addendum No. 1 as if set out herein if full (mutatis mutandis).
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| 7. |
This Addendum No. 1 may be entered into in any counterparts which when taken together shall constitute one and same instrument.
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Date: 16th
July 2018
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/s/ Xxxxxxxx X. Xxxxxxxxxx
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/s/ Xxxxxxx Xxxxxxxx
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For and on behalf of
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For and on behalf of
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the Sellers
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the Original Buyers
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/s/ Xxxxxxx Xxxxxxxx
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For and on behalf of
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the Buyers
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S/Mont Fort/Addendum No. 1 with Buyers Comments
