MEMORANDUM OF AGREEMENTMemorandum of Agreement • October 6th, 2005 • Double Hull Tankers, Inc. • Deep sea foreign transportation of freight • New York
SARGASSO TANKER CORPORATION, MAJURO, MARSHALL ISLANDS, hereinafter called the Seller, have agreed to sell and ANIA AFRAMAX CORPORATION, MAJURO, MARSHALL ISLANDS, hereinafter called the Buyer, have agreed to purchase M/T ANIA (the “Vessel”)
SHIP MANAGEMENT AGREEMENTShip Management Agreement • October 6th, 2005 • Double Hull Tankers, Inc. • Deep sea foreign transportation of freight • New York
It is mutually agreed between the party stated in Box 2 and the party stated in Box 3 that this Agreement consisting of PART I and PART II and Schedules 1, 2 and 3 attached hereto, shall be performed subject to the conditions contained herein. In the event of a conflict of conditions, the provisions of PART I shall prevail over those of PART II and Schedules 1, 2 and 3 to the extent of such conflict but no further.
Code word for this Charter Party Issued December 1984 amended December 2003Time Charter Party • October 6th, 2005 • Double Hull Tankers, Inc. • Deep sea foreign transportation of freight
IT IS THIS DAY AGREED between ANN TANKER CORPORATION of MAJURO, MARSHALL ISLANDS (hereinafter referred to as “Owners”), being owners of the good motor vessel called “OVERSEAS ANN” (hereinafter referred to as “the vessel”) described as per Clause 1 hereof and DHT ANN VLCC CORP. of MAJURO, MARSHALL ISLANDS (hereinafter referred to as “Charterers”):
DOUBLE HULL TANKERS, INC. Shares Common Stock ($0.01 par value per Share) UNDERWRITING AGREEMENTUnderwriting Agreement • October 6th, 2005 • 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 representatives (the “Representatives”), an aggregate of [ ] shares (the “Firm Shares”) of common stock, $0.01 par value per share (the “Common Stock”), of the Company. In addition, solely for the purpose of covering over-allotments, OSG International Inc., a Marshall Islands corporation (the “Selling Stockholder”), proposes to grant to the Underwriters the option to purchase from the Selling Stockholder up to an additional [ ] shares of Common Stock (the “Additional Shares”). The Firm Shares and the Additional Shares are hereinafter collectively sometimes referred to as the “Shares.” The Shares are described in the Prospectus which is referred to below.
GUARANTYGuaranty • October 6th, 2005 • Double Hull Tankers, Inc. • Deep sea foreign transportation of freight
GUARANTY, dated as of October 6, 2005 (as amended, modified or supplemented from time to time, this “Guaranty”), made by Double Hull Tankers, Inc., a company incorporated in the Marshall Islands (the “Guarantor”), in favor of Tanker Management Ltd, a company formed in England (the “Manager”).
Code word for this Charter Party Issued December 1984 amended December 2003Time Charter Party • October 6th, 2005 • Double Hull Tankers, Inc. • Deep sea foreign transportation of freight
IT IS THIS DAY AGREED between SOPHIE TANKER CORPORATION of MAJURO, MARSHALL ISLANDS (hereinafter referred to as “Owners”), being owners of the good motor vessel called “OVERSEAS SOPHIE” (hereinafter referred to as “the vessel”) described as per Clause 1 hereof and DHT SOPHIE AFRAMAX CORP. of MAJURO, MARSHALL ISLANDS (hereinafter referred to as “Charterers”):
GUARANTYGuaranty • October 6th, 2005 • Double Hull Tankers, Inc. • Deep sea foreign transportation of freight
GUARANTY, dated as of October 6, 2005 (as amended, modified or supplemented from time to time, this “Guaranty”), made by Overseas Shipholding Group, Inc., a Delaware corporation (the “Guarantor”), in favor of Double Hull Tankers, Inc. (“DHT”) and its vessel owning subsidiaries listed on Schedule I hereto (each, an “Owner”).
GUARANTYGuaranty • October 6th, 2005 • Double Hull Tankers, Inc. • Deep sea foreign transportation of freight
GUARANTY, dated as of October 6, 2005 (as amended, modified or supplemented from time to time, this “Guaranty”), made by Double Hull Tankers, Inc., a company incorporated in the Marshall Islands (the “Guarantor”), in favor of the charterers listed on Schedule I hereto (each, a “Charterer”).
CHARTER FRAMEWORK AGREEMENT by and among DOUBLE HULL TANKERS, INC., AND OSG INTERNATIONAL, INC. AND EACH OF THE CHARTERERS NAMED HEREINCharter Framework Agreement • October 6th, 2005 • Double Hull Tankers, Inc. • Deep sea foreign transportation of freight • New York
THIS CHARTER FRAMEWORK AGREEMENT is entered into as of October 6, 2005 by and among Double Hull Tankers, Inc., a Marshall Islands corporation (the “Company”), OSG International, Inc. (“OIN”), and each of the owners (the “Owners”) and the charterers (the “Charterers”) named on Schedule A hereto. The Company, the Owners, OIN and the Charterers are collectively referred to herein as the “Parties.”
