0000950129-05-008398 Sample Contracts

Quintana Maritime Limited Pandoras 13 & Kyrou Str. 166 74 Glyfada — Greece WAIVER LETTER, CONSENT AND AGREEMENT
Letter Agreement • August 17th, 2005 • Quintana Maritime LTD • Deep sea foreign transportation of freight

This Waiver Letter, Consent and Agreement (this “Letter Agreement”) is entered into in connection with the transactions contemplated by that certain Credit Facility, dated as of April 29, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Quintana Maritime Limited (the “Borrower”), the Guarantors, Citibank International plc, as Facility Agent and the other banks and financial institutions party thereto (all capitalized terms used herein and not otherwise defined herein having the meanings specified in the Credit Agreement).

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