ContractNaval Mortgage • June 29th, 2006 • FreeSeas Inc. • Deep sea foreign transportation of freight
THIS FIRST PANAMANIAN NAVAL MORTGAGE is made this ....day of June 2005, between ADVENTURE FOUR S.A. a corporation organised and existing in good standing under the laws of the Republic of The Marshall Islands, having its registered office at Trust Company Complex, Ajeltake Island, Majuro, The Republic of the Marshall Islands, (hereinafter referred to as “the Owner”) of the one part and EGNATIA BANK S.A., a Banking Corporation, having its registered office at 4, Danaidon Street, Thessaloniki, Greece, acting for the purposes of this Agreement through its office at 116 Kolokotroni Street, Piraeus 185 35, Greece , (hereinafter called the “Mortgagee”), and the above parties requested the present deed to be drawn in which they declare, agree and covenant as follows:
