Dated: 31st March 2008 FBB — FIRST BUSINESS BANK S.A. - and - ADVENTURE NINE S.A. LOAN AGREEMENT For a secured floating interest rate Loan Facility of up to US$26,250,000 THEO V. SIOUFAS LAW OFFICES 13, Defteras Merarchias 185 35 Piraeus GreeceLoan Agreement • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight
SHORT-TERM LOAN AGREEMENT IN EUROS AND OPTIONAL CURRENCIESShort-Term Loan Agreement • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight
The Bank has offered by the Credit Agreement dated 11 January 2008 to grant the Borrower, until further notice, a short-term loan facility, subject to the terms and conditions mentioned in that Credit Agreement, including the conclusion of a relevant agreement between the parties.
ContractMemorandum of Agreement for Sale and Purchase of Ships • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight • London
Norwegian Shipbrokers’ Association’s Memorandum of Agreement for sale and purchase of ships. Adopted by The Baltic and International Maritime Council (BIMCO) in 1956.
Dated: 2nd April, 2008 ADVENTURE NINE S.A. (as owner) and FBB-FIRST BUSINESS BANK S.A. (as mortgagee) DEED OF COVENANT supplemental to a First Priority Statutory Bahamian Ship Mortgage over M/V “FREE IMPALA”Deed of Covenant • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight
form of this Deed and the Owner has agreed to execute the said Statutory Mortgage and this Deed in favour of the Mortgagee in consideration of the foregoing.
DEED OF COVENANTS between ADVENTURE SEVEN S.A. as mortgagor and HOLLANDSCHE BANK-UNIE N.V. as mortgagee DATED the 19th day of March 2008 - relating to - NAUTADUTILH N.V. ROTTERDAMDeed of Covenants • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight
ROLLOVER LOAN AGREEMENT USD 27,000,000 between Adventure Two S.A. Adventure Three S.A. Adventure Seven S.A. and HOLLANDSCHE BANK-UNIE N.V.Rollover Loan Agreement • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight
– HBU has offered by credit agreement dated 21st January 2008 (‘the Credit Agreement‘) to grant the Borrower a rollover loan in the sum of USD 27,000,000 (‘the Loan’) for the financing of the purchase of the m.v. “African Protea” t.b.r. “Free Knight”, subject to the main details, terms and conditions specified in the above-mentioned credit agreement and the execution of a definitive agreement between HBU and the Borrower;
ON THE LETTERHEAD OF HSH NORDBANK AG]Loan Agreement • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight
ORIGINALMemorandum of Agreement • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight
It is mutually agreed that this Agreement shall be performed in accordance with the terms and conditions contained herein.
Dated October 2007 SUPPLEMENTAL AGREEMENT relating to a Loan of up to US$68,000,000 ADVENTURE EIGHT S.A. ADVENTURE FIVE S.A. ADVENTURE SEVEN S.A. and ADVENTURE SIX S.A. provided by THE BANKS AND FINANCIAL INSTITUTIONS SET OUT IN SCHEDULE 1 Arranger,...Supplemental Agreement • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight
SECOND PREFERRED MORTGAGE by ADVENTURE THREE S.A. as mortgagor in favour of HOLLANDSCHE BANK-UNIE N.V. as mortgagee DATED the _____ day of March 2008 - relating to - m.v. “FREE ENVOY” NAUTADUTILH N.V. ROTTERDAMSecond Preferred Mortgage • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight
ADVENTURE THREE S.A., a company incorporated and existing under the laws of the Marshall Islands, having its registered office at Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the “Mortgagor”)
FACILITY AGREEMENT for a Reducing Revolving Credit Facility of up to US$87,000,000 to FREESEAS INC. provided by CREDIT SUISSEFacility Agreement • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight • London
CREDIT AGREEMENTCredit Agreement • May 12th, 2008 • FreeSeas Inc. • Deep sea foreign transportation of freight
