DATED 14 July 2010 GRAND AFFECTION S.A. GRAND AFFINITY S.A. (as Borrowers) - and — DVB BANK SE and others (as Lenders) - and - DVB BANK SE (as Agent) - and - DVB BANK SE (as Security Agent) SUPPLEMENTAL AGREEMENT TO A SECURED LOAN FACILITY AGREEMENT...Supplemental Agreement to a Secured Loan Facility Agreement • September 21st, 2010 • NewLead Holdings Ltd. • Deep sea foreign transportation of freight
SUPPLEMENTAL TO a Secured Loan Facility Agreement dated 9 July 2010 (the “Loan Agreement”) made between (1) the Lenders, as lenders, (2) the Agent, acting as agent for the Lenders, (3) the Security Agent, acting as security agent for the Lenders and (4) the Borrowers, each of the Republic of the Marshall Islands, as joint and several borrowers, on the terms and subject to the conditions of which the Lenders have agreed to advance to the Borrowers, on a joint and several basis, an aggregate amount not exceeding forty eight million United States Dollars (US$48,000,000) (the “Loan”) in order to assist the Borrowers in pre-delivery and post-delivery finance of part of the aggregate Contract Price of the Vessels and to refinance certain Existing Indebtedness.
