ADDENDUM No 1 to the Memorandum of Agreement dated 9th September, 2015 as ("the MOA") between THELMA SHIPPING COMPANY LIMITED of Malta (the "Sellers") and Dryships Inc. (as "Sellers' Guarantor") and MAGENTA OWNING COMPANY LIMITED of Marshall Islands...
Exhibit 4.105
ADDENDUM No 1
to the
Memorandum of Agreement dated 9th September, 2015 as ("the MOA")
to the
Memorandum of Agreement dated 9th September, 2015 as ("the MOA")
between
XXXXXX SHIPPING COMPANY LIMITED of Malta (the "Sellers") and
Dryships Inc. (as "Sellers' Guarantor")
and
MAGENTA OWNING COMPANY LIMITED of Xxxxxxxx Islands (the
"Buyers") and
TMS BULKERS Ltd. (as "Buyers' Guarantor"),
collectively "the Parties"
Dryships Inc. (as "Sellers' Guarantor")
and
MAGENTA OWNING COMPANY LIMITED of Xxxxxxxx Islands (the
"Buyers") and
TMS BULKERS Ltd. (as "Buyers' Guarantor"),
collectively "the Parties"
For
M.V. MANASOTA
(the "Vessel")
M.V. MANASOTA
(the "Vessel")
| 1) | This Addendum No. 1 dated 29th September 2015 is supplemental to the MOA governing the sale and purchase of the Vessel and shall form an integral part thereof. Unless otherwise defined herein, the terms, words and expressions used in this Addendum No. 1 shall have the same meaning ascribed to them under the MOA. |
| 2) | The Parties hereby agree as follows: |
| a. | THAT Clause 5 b) of the MOA (lines 60 and 61) shall be amended so as to read as follows: |
Expected time of delivery: 9th September, 2015 – 2nd October, 2015, in Sellers' option.
Date of cancelling (see Clauses 5 c), 6 b) (iii) and 14): 2nd October, 2015 in Buyers' option
All other terms and conditions of the MOA, including the performance guarantees by both the Sellers' Guarantor and the Buyers' Guarantor, shall remain in full force and effect.
Clause 16 (Arbitration) of the MOA shall apply, mutatis mutandis, to this Addendum No. 1.
This 29th day of September, 2015
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For and on behalf of
the Sellers |
For and on behalf of
the Buyers
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XXXXXX SHIPPING
COMPANY LIMITED
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MAGENTA OWNING
COMPANY LIMIT I E,D
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By:
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/s/ Xxxxxxxx Xxxxxx
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By:
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/s/ Xxxxxxxx Xxxxx
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Name: Xxxxxxxx Xxxxxx
Title: Attorney-in-fact
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Name: Xxxxxxxx Xxxxx
Title: Attorney-in-fact
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For and on behalf of
the Sellers' Guarantor
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For and on behalf of
the Buyers' Guarantor
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TMS BULKERS LTD.
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By:
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/s/ Xxxxxxxx Xxxxxx
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By:
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/s/ Xxxxxxxx Xxxxx
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Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President,
Head of Accounting & Reporting |
Name: Xxxxxxxx Xxxxx
Title: Attorney-in-fact
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