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Ship Management Agreement • June 26th, 2009 • Aries Maritime Transport LTD • Deep sea foreign transportation of freight

ADDITIONAL CLAUSES 21-28 TO SHIP MANAGEMENT AGREEMENT BETWWEN ERMINA MARINE LIMITED AND AMT MANAGEMENT LTD DATED 27TH NOVEMBER 2008 FOR THE VESSEL NORDANVIND BEING AS INTEGRAL PART OF SUCH AGREEMENT.

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To: Aries Maritime Transport Limited c/o AMT Management Ltd.
Revolving Credit Facility • June 26th, 2009 • Aries Maritime Transport LTD • Deep sea foreign transportation of freight • England
This COMMERCIAL MANAGEMENT AGREEMENT is made the 1st day of May BETWEEN: AND WHEREAS
Commercial Management Agreement • June 26th, 2009 • Aries Maritime Transport LTD • Deep sea foreign transportation of freight

The Owner has agreed that m.t."ALTIUS" (the "Vessel") will be managed by the Commercial Manager on the terms and subject to the conditions set out in this agreement as from the date of this agreement and continuing unless and until this agreement is terminated as provided herein. The Owner hereby appoints the Commercial Manager and the Commercial Manager hereby agrees to act as Commercial Manager of the Vessel.

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