DOUBLE HULL TANKERS, INC. __________ Shares Common Stock ($0.01 par value per Share) UNDERWRITING AGREEMENTUnderwriting Agreement • October 29th, 2007 • Double Hull Tankers, Inc. • Deep sea foreign transportation of freight • New York
Double Hull Tankers, Inc., a Marshall Islands corporation (the “Company”), proposes to issue and sell to the underwriters named in Schedule A hereto (the “Underwriters”) for whom you are acting as representative (the “Representative”), an aggregate of __________ shares (the “Shares”) of common stock, $0.01 par value per share (the “Common Stock”), of the Company. As used in this Agreement, the term “business day” means a day on which the New York Stock Exchange (the “NYSE”) is open for trading and the terms “herein,” “hereof” and “hereto” refer in each case to this Agreement as a whole and not to any particular section, paragraph, sentence or other subdivision of this Agreement.
ContractMemorandum of Agreement • October 29th, 2007 • Double Hull Tankers, Inc. • Deep sea foreign transportation of freight • London
MEMORANDUM OF AGREEMENT Norwegian Shipbrokers’ Association’s Memorandum of Agreement for sale and purchase of ships. Adopted by The Baltic and International Maritime Council (BIMCO) in 1956. Code-name SALEFORM 1993 Revised 1966, 1983 and 1986/87. Dated: 6th July 2007 ORIGINAL First Suezmax Tanker Corporation, Majuro, Marshall Islands hereinafter called the Sellers, have agreed 1 to sell, and Double Hull Tankers Inc., or Nominee hereinafter called the Buyers, have agreed to buy 2 Name: MT “BESIKTAS” 3 Classification Society/Class: American Bureau of Shipping (ABS) 4 Built: 2001 By: HHI, S. Korea 5 Flag: Marshall Islands Place of Registration: Majuro, Marshall Islands 6 Call Sign: TCBS Grt/Nrt: 82250/53432 7 Registration Number: 317 8 hereinafter called the Vessel, on the following terms and conditions: 9 Definitions 10 Printed by BIMCO’s idea “Banking days” are days on which banks are open both in the country of the currency 11 stipulated for the Purchase Price in Clause 1 and in the pl
ContractMemorandum of Agreement • October 29th, 2007 • Double Hull Tankers, Inc. • Deep sea foreign transportation of freight
MEMORANDUM OF AGREEMENT Dated: 28th August 2007 Dignity Tanker Corporation hereinafter called the Sellers, have agreed to sell, and 1 Double Hull Tankers Inc., or Nominee hereinafter called the Buyers, have agreed to buy 2 Name: Ottoman Dignity 3 Classification Society/Class: Det Norske Veritas (DNV) 4 Built: 20 November 2000 By: Hyundai Heavy Industries, Ulsan, Korea 5 Flag: Marshall Island Place of Registration: Marshall Islands 6 Call Sign: TCMQ Grt/Nrt: 79,751/48,804 7 IMO Number: 9198666 8 hereinafter called the Vessel, on the following terms and conditions: 9 Definitions 10 “Banking days” are days on which banks are open both in the 11 United States, Turkey , Germany, Switzerland and United Kingdom. 12 “In writing” or “written” means a letter handed over from the Sellers to the Buyers or vice versa, 13 a registered letter, e-mail, telefax or other modern form of written communication. 14 “Classification Society” or “Class” means the Society referred to in line 4. 15 1. Purchase
