US$63,600,000 TERM LOAN FACILITYTerm Loan Facility • April 4th, 2023 • United Maritime Corp • Water transportation
The Lenders have agreed to make available to the Borrowers a senior secured term loan facility in four Tranches in an aggregate amount not exceeding US$63,600,000, for the purpose of financing part of the Purchase Price (as in hereinafter defined) of the Ships.
UNITED MARITIME CORPORATIONGuarantee • April 4th, 2023 • United Maritime Corp • Water transportation
Name of Owner] and SHIP TECHNICAL MANAGEMENT AGREEMENTShip Technical Management Agreement • April 4th, 2023 • United Maritime Corp • Water transportation
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.
SUPPLEMENTAL AGREEMENTSupplemental Agreement • April 4th, 2023 • United Maritime Corp • Water transportation
Words and expressions defined in the Facility Agreement shall have the same meaning when used in this letter unless the context requires or unless otherwise defined in this letter.
Dated 30 January 2023 (originally) US$63,600,000 facility with US$31,200,000 outstanding MINOANSEA MARITIME CO. EPANASTASEA MARITIME CO.Facility Agreement • April 4th, 2023 • United Maritime Corp • Water transportation
CONTENTSCommercial Management Agreement • April 4th, 2023 • United Maritime Corp • Water transportation • London
SIDE LETTERFacility Agreement • April 4th, 2023 • United Maritime Corp • Water transportation
We refer to the facility agreement dated 15 July 2020, as amended and supplemented by a deed of release, accession and amendment dated 1 July 2022 and as further amended and restated by an amendment and restatement agreement dated 28 July 2022 (together, the "Facility Agreement") made between (i) Sea Glorius Shipping Co. as Borrower, (ii) United Maritime Corporation as Guarantor, (iii) the financial institutions listed in part B of schedule 1 thereto as lenders (the "Lenders"), (iv) yourselves as the Facility Agent and (v) Kroll Trustee Services Limited as security agent (the "Security Agent"), pursuant to which it was originally agreed that the Lenders would make available to the Borrower and Sea Genius Shipping Co. as joint and several borrowers, a senior secured term loan facility of (originally) up to $22,500,000.
Dated --28 July 2022 SEA GLORIUS SHIPPING CO.Amendment and Restatement Agreement • April 4th, 2023 • United Maritime Corp • Water transportation
Dated 21 December 2022 MINOANSEA MARITIME CO. EPANASTASEA MARITIME CO.Second Supplemental Agreement • April 4th, 2023 • United Maritime Corp • Water transportation
