Exhibit 4.3
AMENDMENT TO RESTATED MANAGEMENT AGREEMENT
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This Amendment to the Restated Management Agreement is made as of the 29
day of April, 2005, by and between Nordic American Tanker Shipping Limited, a
Bermuda company (the "Company"), and Scandic American Shipping Ltd., a Bermuda
company ("Scandic").
W I T N E S S E T H:
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WHEREAS, the Company and Scandic are parties to a management agreement
restated as of June 30, 2004, as further amended on October 12, 2004(the
"Restated Management Agreement"); and
WHEREAS, Section 2 of the Restated Management Agreement currently provides,
inter alia, that the term of the Restated Management Agreement shall terminate
on June 30, 2014, unless earlier terminated by the parties or unless extended by
the parties following mutual agreement; and
WHEREAS, the Company and Scandic wish to amend Section 2 of the Restated
Management Agreement to extend the term of the Restatement Management Agreement
to June 30, 2019.
NOW, THEREFORE, the parties hereby agreed as follows:
1. Section 2 of the Restated Management Agreement is hereby amended to
read as follows:
"The term of this Agreement shall commence on June 30, 2004 and shall
terminate on June 30, 2019, unless earlier terminated pursuant to
Section 6 hereof or unless extended by the parties following mutual
agreement."
2. The Restated Management Agreement shall otherwise remain in full force
and effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment to the
Restated Management Agreement as of the date first above written.
NORDIC AMERICAN TANKER
SHIPPING LIMITED
By /s/
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Name:
Title:
SCANDIC AMERICAN SHIPPING LTD.
By /s/
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Name:
Title:
