to the Memorandum of Agreement dated 4th July 2018 (the “MOA”) in respect of “ANDERIDA” (the “Vessel”) between YLGC ALPHA OWNING LTD. of Marshall Islands (the “Sellers”) and GLOBAL MERIDIAN HOLDINGS LIMITED of Bermuda (the “Original Buyers”)
Exhibit 4.60
Addendum No. 1
to the Memorandum of Agreement dated 4th July 2018
(the “MOA”)
in respect of “ANDERIDA” (the “Vessel”)
between
YLGC ALPHA OWNING LTD. of Xxxxxxxx Islands (the “Sellers”)
and
GLOBAL MERIDIAN
HOLDINGS LIMITED of Bermuda (the “Original Buyers”)
_______________________________
| 1. |
The Original Buyers hereby nominate:-
|
MERIDIAN 9 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.
|
| 3. |
The Buyers hereby assume all the rights and obligations of the Original Buyers under the MOA.
|
| 4. |
The Original Buyers hereby
guarantee the due and punctual performance of the Buyers’ obligations under the MOA.
|
| 5. |
Except as otherwise provided herein, all other terms and conditions of the MOA shall remain unchanged and in full force .
|
| 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).
|
| 7. |
This Addendum No. 1 may be entered into in any counterparts which when taken together shall constitute one and the same instrument.
|
Date: 16th July 2018
|
/s/ Xxxxxx X. Xxxxxxxxxx
|
/s/ Xxxxxxx Xxxxxxxx
|
||
|
For and on behalf of
the Sellers |
For and on behalf of
the Original Buyers |
|
/s/ Xxxxxxx Xxxxxxxx
|
|
|
For and on behalf of
the Buyers |
