Third Supplemental Credit AgreementThird Supplemental Credit Agreement • March 14th, 2005 • Seabulk International Inc • Deep sea foreign transportation of freight • New York
Pursuant to the Amended and Restated Credit Agreement, dated as of August 5, 2003, as amended by Amendment No. 1 thereto dated March 26, 2004, as amended by that certain Supplemental Credit Agreement dated as of June 17, 2004, and further amended by that certain Second Supplemental Credit Agreement dated August 6, 2004 (the “Credit Agreement”), among Seabulk International, Inc., (the “Borrower”), the Subsidiary Guarantors named therein, the Released Subsidiary Guarantors named therein, Fortis, NIB Capital Bank N.V. (“NIB”), The Governor & Company of The Bank of Scotland and each other financial institution which may hereafter execute and deliver an Assignment and Acceptance with respect to the Credit Agreement pursuant to Section 10.11 thereof (any one individually, a “Lender”, and collectively, the “Lenders”), Fortis, as administrative agent on behalf of the Lenders (when acting in its capacity as administrative agent under any Transaction Document, herein referred to, together with a
SEVERANCE AGREEMENTSeverance Agreement • March 14th, 2005 • Seabulk International Inc • Deep sea foreign transportation of freight • Florida
WHEREAS, the Company desires to attract and retain certain key employees and, accordingly, the Compensation Committee of the Board of Directors of the Company (the “Board”) has approved the Company entering into a severance agreement with Executive in order to encourage his continued service to the Company; and
Third Supplemental Subsidiary Guarantee AgreementSubsidiary Guarantee Agreement • March 14th, 2005 • Seabulk International Inc • Deep sea foreign transportation of freight • New York
Third Supplemental Subsidiary Guarantee Agreement (this “Supplemental Subsidiary Guarantee Agreement”) dated December 10, 2004, among Seabulk International, Inc., a Delaware corporation (the “Borrower”) and Fortis Capital Corp. (the “Agent”).
