0001047469-06-003599 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • March 17th, 2006 • Omega Navigation Enterprises, Inc. • New York

REGISTRATION RIGHTS AGREEMENT, dated as of , 2006, by and between Omega Navigation Enterprises, Inc., a Marshall Islands corporation (the “Company”), and ONE Holdings, Inc., a Marshall Islands corporation (the “Stockholder”).

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and SHIP MANAGEMENT AGREEMENT
Ship Management Agreement • March 17th, 2006 • Omega Navigation Enterprises, Inc.

It is mutually agreed between the party mentioned in Box 2 of Part I (hereinafter called “the Owners”) and the party mentioned in Box 3 of Part I (hereinafter called “the Managers”) that this Agreement consisting of PARTS I to VI inclusive shall be performed subject to the conditions contained herein. In the event of a conflict of conditions, the provisions of an applicable Appendix of Part III shall prevail over the provisions of PART II to the extent of such conflict but only in respect of the Management Service to be provided in terms of such applicable Appendix. In the event of a conflict between the Fee Schedule and the provisions of an applicable Appendix of Part III, the provisions of the Fee Schedule shall prevail.

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