0000950123-08-010794 Sample Contracts

ADDENDUM NO. 1 To the Memorandum of Agreement dated 20th August 2008 (the “Contract”) Between SEA TRIUMPH MARITIME S.A. Panama (the “Sellers”) And TUNMORE SHIPHOLDING CO., Liberia A guaranteed nominee of Oceanaut Inc., Marshall Islands (the “Buyers”)...
Memorandum of Agreement • September 9th, 2008 • Oceanaut, Inc. • Water transportation

It is Hereby agreed between the Buyers and Sellers that the lifting of the Guarantor’s Board of Director’s Approval referred to in Clause 20 of the Memorandum of Agreement shall be extended from the 30th of September 2008 until latest 31st of October 2008.

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COMMERCIAL MANAGEMENT AGREEMENT
Commercial Management Agreement • September 9th, 2008 • Oceanaut, Inc. • Water transportation • London

The Company wishes to appoint the Commercial Manager to provide all necessary commercial management services to the Company and its various shipowning subsidiaries from time to time (the “Shipowning Subsidiaries” and together with the Company the “Group” and any of them a “member of the Group”), seeking and negotiating employment for the Group’s vessels and the conclusion of charterparties or other contracts relating to the employment of all the vessels owned by the Shipowning Subsidiaries of the Company from time to time (the “Vessels” and each a “Vessel”) . For the purpose of this agreement “Subsidiary” means any company the share capital of which is from time to time directly or indirectly owned by more than 51% by the Company.

TECHNICAL MANAGEMENT AGREEMENT
Technical Management Agreement • September 9th, 2008 • Oceanaut, Inc. • Water transportation • London
ADDENDUM NO. 1 To the Memorandum of Agreement dated 20th August 2008 (the “Contract”) Between THREE STARS MARITIME S.A. Panama (the “Sellers”) And SKELTON MARITIME LTD., Liberia A guaranteed nominee of Oceanaut Inc., Marshall Islands (the “Buyers”) In...
Memorandum of Agreement • September 9th, 2008 • Oceanaut, Inc. • Water transportation

It is Hereby agreed between the Buyers and Sellers that the lifting of the Guarantor’s Board of Director’s Approval referred to in Clause 20 of the Memorandum of Agreement shall be extended from the 30th of September 2008 until latest 31st of October 2008.

ADDENDUM NO. 1 To the Memorandum of Agreement dated 20th August 2008 (the “Contract”) Between ACHILLES MANAGEMENT S.A. Panama (the “Sellers”) And RAMAN INVESTMENTS LTD., Liberia A guaranteed nominee of Oceanaut Inc., Marshall Islands (the “Buyers”) In...
Memorandum of Agreement • September 9th, 2008 • Oceanaut, Inc. • Water transportation

It is Hereby agreed between the Buyers and Sellers that the lifting of the Guarantor’s Board of Director’s Approval referred to in Clause 20 of the Memorandum of Agreement shall be extended from the 30th of September 2008 until latest 31st of October 2008.

SUBORDINATION AGREEMENT
Subordination Agreement • September 9th, 2008 • Oceanaut, Inc. • Water transportation • New York

This Subordination Agreement (this “Agreement”) is made as of September 5, 2008 by and between Excel Maritime Carriers Ltd., a Liberian corporation (“Excel”), and Oceanaut, Inc., a Marshall Islands corporation (“Oceanaut”).

ADDENDUM NO. 1 To the Memorandum of Agreement dated 20th August 2008 (the “Contract”) Between IRIS MARINE CARRIERS S.A. Panama (the “Sellers”) And GAVIAL MARINE CORPORATION., Liberia A guaranteed nominee of Oceanaut Inc., Marshall Islands (the...
Memorandum of Agreement • September 9th, 2008 • Oceanaut, Inc. • Water transportation

It is Hereby agreed between the Buyers and Sellers that the lifting of the Guarantor’s Board of Director’s Approval referred to in Clause 20 of the Memorandum of Agreement shall be extended from the 30th of September 2008 until latest 31st of October 2008.

RIGHT OF FIRST REFUSAL AND CORPORATE OPPORTUNITIES AGREEMENT
Right of First Refusal and Corporate Opportunities Agreement • September 9th, 2008 • Oceanaut, Inc. • Water transportation • New York

THIS RIGHT OF FIRST REFUSAL AND CORPORATE OPPORTUNITIES AGREEMENT (this “Agreement”) is made as of September 5, 2008 by and between Oceanaut, Inc., a Marshall Islands corporation (the “Company”), and Excel Maritime Carriers Ltd., a Liberian Corporation (“Excel”).

SERIES A PREFERRED STOCK PURCHASE AGREEMENT
Series a Preferred Stock Purchase Agreement • September 9th, 2008 • Oceanaut, Inc. • Water transportation • Marshall Islands

THIS SERIES A PREFERRED STOCK PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of September 5, 2008, between Oceanaut, Inc, a corporation organized and existing under the laws of the Marshall Islands (the “Company”) and Excel Maritime Carriers Ltd. (the “Purchaser”).

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