ContractMemorandum of Agreement • March 14th, 2007 • Star Bulk Carriers Corp. • London
MEMORANDUM OF AGREEMENT Dated: January 12, 2007 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.
MEMORANDUM OF AGREEMENT Dated: January 12, 2007 Norwegian Shipbrokers* Association’s Memo-randum of Agreement for sale and purchase of ships. Adopted by The Baltic and International Maritime Council (BIMCO) in 1956. Code-name SALEFORM 1993 Revised...Memorandum of Agreement for Sale and Purchase of Ships • March 14th, 2007 • Star Bulk Carriers Corp. • London
As security for the correct fulfilment of this Agreement the Buyers shall pay a deposit of 10 % (ten per cent) of the Purchase Price within __________________ banking days from the date of this Agreement. This deposit shall be placed with ___________________________________________________________ and held by them in a joint account for the Sellers and the Buyers, to be released in accordance with joint written instructions of the Sellers and the Buyers. Interest, if any, to be credited to the Buyers. Any fee charged for holding the said deposit shall be borne equally by the Sellers and the Buyers.
SUPPLEMENTAL AGREEMENTSupplemental Agreement • March 14th, 2007 • Star Bulk Carriers Corp. • New York
This Supplemental Agreement is entered into as of this 12th day of January, 2007 by and among (i) Star Maritime Acquisition Corp. ("Star Maritime"), a Delaware corporation, (ii) Star Bulk Carriers Corp. ("Star Bulk"), a Marshall Islands corporation wholly-owned by Star Maritime, for itself individually and for/on behalf of each of the Buyers (as hereinafter defined), and (iii) TMT Co., Ltd. ("TMT"), a Taiwan corporation, for itself individually and for/on behalf of each of the Sellers (as hereinafter defined).
MASTER AGREEMENTMaster Agreement • March 14th, 2007 • Star Bulk Carriers Corp. • New York
THIS MASTER AGREEMENT, dated as of January 12, 2007 (this “Agreement”), is made by and among TMT CO., LTD., a Taiwan corporation (the “Seller”), STAR BULK CARRIERS CORP., a Marshall Islands corporation (the “Buyer”), and STAR MARITIME ACQUISITION CORP., a Delaware corporation (“Star Maritime”).
