WARRANT CLARIFICATION AGREEMENTWarrant Clarification Agreement • May 17th, 2007 • FreeSeas Inc. • Deep sea foreign transportation of freight • New York
THIS WARRANT CLARIFICATION AGREEMENT (this “Agreement”), dated May 10, 2007, amends the Warrant Agreement, dated as of July 29, 2004 (the “Warrant Agreement”), by and between FreeSeas Inc., a corporation organized under the laws of the Republic of the Marshall Islands (“Company”), the successor by merger with Trinity Partners Acquisition Company Inc. (“Trinity”), and AMERICAN STOCK TRANSFER & TRUST COMPANY, a New York corporation (“Warrant Agent”).
LOAN AGREEMENT DATED SEPTEMBER 2006 BETWEEN FBB — FIRST BUSINESS BANK S.A. as Lender - and - ADVENTURE FOUR S.A. as Borrower SARANTITIS LAW FIRM 91 AKTI MIAOULI GR 185 38 PIRAEUS GREECELoan Agreement • May 17th, 2007 • FreeSeas Inc. • Deep sea foreign transportation of freight
DATED.......SEPTEMBER 2006 ADVENTURE FOUR S.A. - and - FBB — FIRST BUSINESS BANK S.A. FIRST PREFERRED NAVAL MORTGAGE on the MOTOR VESSEL “FREE FIGHTER” SARANTITIS LAW FIRM 91 AKTI MIAOULI GR 185 38 PIRAEUS GREECEFirst Preferred Naval Mortgage • May 17th, 2007 • FreeSeas Inc. • Deep sea foreign transportation of freight
The Loan Agreement is located as of this date, at the offices of the Mortgagee at 62 Notara and Sotiros Dios Streets, Piraeus, Greece by agreement of both parties and same is hereby incorporated to the mortgage deed in order that said lien will secure every and all obligations derived thereon.
