Date 27 March 2009 ARGYLE MARITIME CORP. CATON MARITIME CORP. DORCHESTER MARITIME CORP. LONGWOODS MARITIME CORP. McHENRY MARITIME CORP. SUNSWYCK MARITIME CORP. as Joint and Several Borrowers – and – TBS INTERNATIONAL LIMITED as Corporate Guarantor –...Supplemental Agreement • April 2nd, 2009 • TBS International LTD • Deep sea foreign transportation of freight
Date 27 March 2009 ARGYLE MARITIME CORP. CATON MARITIME CORP. DORCHESTER MARITIME CORP. LONGWOODS MARITIME CORP. McHENRY MARITIME CORP. SUNSWYCK MARITIME CORP. as Joint and Several Borrowers – and – TBS INTERNATIONAL LIMITED as Corporate Guarantor –...Supplemental Agreement • April 2nd, 2009 • TBS International LTD • Deep sea foreign transportation of freight
SUPPLEMENTAL LETTER TO THE LOAN AGREEMENTLoan Agreement • April 2nd, 2009 • TBS International LTD • Deep sea foreign transportation of freight
We refer to the Loan Agreement. Words and expressions defined therein shall have the same meaning when used herein except as expressly provided in this supplemental letter.
Date: as of March 23, 2009 BEDFORD MARITIME CORP. BRIGHTON MARITIME CORP. HARI MARITIME CORP. PROSPECT NAVIGATION CORP. HANCOCK NAVIGATION CORP COLUMBUS MARITIME CORP. and WHITEHALL MARINE TRANSPORT CORP., as joint and several Borrowers TBS...Loan Agreement • April 2nd, 2009 • TBS International LTD • Deep sea foreign transportation of freight • New York
WHEREAS, the Borrowers, the Guarantors, the Lender, the Facility Agent, the Security Trustee, the Swap Banks and others are parties to a loan agreement dated as of January 16, 2008 (the “Loan Agreement”);
FIRST AMENDMENT TO LOAN AGREEMENTLoan Agreement • April 2nd, 2009 • TBS International LTD • Deep sea foreign transportation of freight
THIS FIRST AMENDMENT TO LOAN AGREEMENT (this “First Amendment”) is made and entered into this 27th day of March, 2009, by and among Amoros Maritime Corp., Lancaster Maritime Corp. and Chatham Maritime Corp., each a Marshall Islands corporation having a mailing address of P.O. Box HM 2522, Hamilton HMGX, Bermuda and a registered address of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the “Borrowers”; each, a “Borrower”), TBS International Limited, a Bermuda corporation (“Parent Guarantor”), Sherwood Shipping Corp. (“Sherwood”) and AIG Commercial Equipment Finance, Inc., a Delaware corporation (together with its successors and assigns, “Lender”).WHEREAS, Borrowers, Parent Guarantor and Lender are parties to that certain Loan Agreement dated February 29, 2008 (the “Original Loan Agreement,” as amended by this First Amendment and any future amendments, the “Loan Agreement”); and
Letterhead of Commerzbank Global Shipping]Loan Facility Agreement • April 2nd, 2009 • TBS International LTD • Deep sea foreign transportation of freight
We refer to the loan facility agreement dated May 28, 2008 made between yourselves as Borrowers and ourselves as Lenders in which we provide you with a facility of up to USD 12.5 Mio. (the "Facility Agreement") to refinance the m.v., "CARIBE MAIDEN". Words and expressions defined in the Facility Agreement have the same meaning when used in this letter.
AMENDMENT NO. 1 AND WAIVER TO CREDIT AGREEMENTCredit Agreement • April 2nd, 2009 • TBS International LTD • Deep sea foreign transportation of freight • New York
This AMENDMENT NO. 1 AND WAIVER TO CREDIT AGREEMENT (this “Amendment”) dated as of March 27, 2009, is by and among (i) ALBEMARLE MARITIME CORP., ARDEN MARITIME CORP., AVON MARITIME CORP., BIRNHAM MARITIME CORP., BRISTOL MARITIME CORP., CHESTER SHIPPING CORP., CUMBERLAND NAVIGATION CORP., DARBY NAVIGATION CORP., DOVER MARITIME CORP., ELROD SHIPPING CORP., EXETER SHIPPING CORP., FRANKFORT MARITIME CORP., GLENWOOD MARITIME CORP., HANSEN SHIPPING CORP., HARTLEY NAVIGATION CORP., HENLEY MARITIME CORP., HUDSON MARITIME CORP., JESSUP MARITIME CORP., MONTROSE MARITIME CORP., OLDCASTLE SHIPPING CORP., QUENTIN NAVIGATION CORP., RECTOR SHIPPING CORP., REMSEN NAVIGATION CORP., SHEFFIELD MARITIME CORP., SHERMAN MARITIME CORP., STERLING SHIPPING CORP., STRATFORD SHIPPING CORP., VEDADO MARITIME CORP., VERNON MARITIME CORP. and WINDSOR MARITIME CORP., each a corporation organized under the laws of the Republic of the Marshall Islands (collectively, the “Borrowers” and, each individually, a “Borrower”)
Letterhead of Berenberg bank]Loan Agreement • April 2nd, 2009 • TBS International LTD • Deep sea foreign transportation of freight
Date: as of March 26, 2009 RUSHMORE SHIPPING LLC, as Owners BEEKMAN SHIPPING CORP., as Charterers -and- TBS INTERNATIONAL LIMITED, as Guarantor FIRST AMENDATORY AGREEMENT Amending and Supplementing the Bareboat Charter Party dated as of January 24,...Bareboat Charter Party • April 2nd, 2009 • TBS International LTD • Deep sea foreign transportation of freight
WHEREAS, the Owners, the Charterers and the Guarantor are parties to a bareboat charter party dated as of January 24, 2007 (the “Charter”);
Date: as of March 26, 2009 ADIRONDACK SHIPPING LLC, as Owners FAIRFAX SHIPPING CORP., as Charterers -and- TBS INTERNATIONAL LIMITED, as Guarantor FIRST AMENDATORY AGREEMENT Amending and Supplementing the Bareboat Charter Party dated as of January 24,...Bareboat Charter Agreement • April 2nd, 2009 • TBS International LTD • Deep sea foreign transportation of freight
WHEREAS, the Owners, the Charterers and the Guarantor are parties to a bareboat charter party dated as of January 24, 2007 (the “Charter”);
