APPENDIX TO THE PRIVATE AGREEMENT OF PROFESSIONAL HIRING

EXHIBIT 10.20

APPENDIX TO THE PRIVATE AGREEMENT OF PROFESSIONAL HIRING

Today in Piraeus December 1^st 2010, between the below contributing parties:

From one side NEA DIMITRA KTIMATIKH KAI EMPORIKH SA (V.A.T. 094048112) based in Piraeus – 69 Akti Miaouli Street, represented by ▇▇ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ (VAT 020019501), referred hereafter “▇▇▇▇▇▇”

and

on the other side CERES LNG SERVICES (V.A.T. 999237870) based in Bermuda, which installed its office premises in Piraeus under AN 89/67 law, represented by ▇▇ ▇▇▇▇▇▇▇▇ ▇. Lagonikas (V.A.T. 031915509), referred hereafter “leasee”,

have agreed and accept the followings:

The below conditions of the private agreement of professional hiring 01/02/2010 are modified as:

1.  LEASE OBJECT

The ▇▇▇▇▇▇ stated that holds the absolute ownership, distribution and possession of the below mentioned spaces:

1.   459,75 m² ground floor

2.   414,50 m² 1^st floor

3.   47,53 m² 2^nd floor

4.   387,43 m² 3^rd floor

5.   243,93 m² 4^th floor

6.   587,43 m² 5^th floor

7.   549,85 m² 6^th floor

of the high rise office building of its property at ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, as well as spaces of total surface 768,58 m² on the ground floor, on the mezzanine, on the 3^rd, 4^th, 5^th, 6^th and 7^th floor and on 1^st,2^nd and 3^rd basement of the high rise office building of its property on ▇▇-▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇.

The above mentioned described spaces of total surface 3.459,00 m² which will be called hereafter “lease object” in the present agreement, are leased from the ▇▇▇▇▇▇ to the leasee, with all the existing office furniture, under the below mentioned conditions.

 

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3. RENT

I. For the period December 1^st 2010 until December 31^st 2011, the monthly rental is determined to forty one thousands five hundred and eight euro (€ 41.508,00). The agreed rent includes nine (9) parking spaces in the building’s basement and the use of building’s dining area.

II. Continuing and especially from January 1^st 2012 onwards, the monthly rental will be determined at the anniversary date of the agreement and for a period of twelve months after an agreement between the contributing parties has been succeeded.

III. The amount that corresponds to three (3) month’s rent is agreed and paid in the first fifteen (15) days of each calendar quarter by check to the ▇▇▇▇▇▇ or a person, which is indicated in written by the ▇▇▇▇▇▇ or with a deposit of the rent credited to the account number 0/441575/009 held by the ▇▇▇▇▇▇ at CITIBANK Piraeus. The payment of rent will be proved only with a collection receipt or a promissory note deposit to the above mentioned account, excluding any other sort of payment evidence, even the one of oath.

IV. Taxes and fees like T.A.P., F.M.A.P., V.A.T., council taxes and any other sort of taxes related to the income of the lease object, even towards the leased itself, borne only the ▇▇▇▇▇▇. Especially, the stamp rental tax (3% plus 20% O.G.A.) bornes only the ▇▇▇▇▇▇.

All the other conditions of the above mentioned agreement remains invariable.

The present appendix was fixed by both the contributing parties, under the principles of good will, transacting morals, and the social and economical purpose of each party.

After having agreed and accept all the above mentioned conditions, in verification and proof of them, we wrote the present appendix to three (3) parts of equal value to the original, we read it and signed it.

One prototype was given to the ▇▇▇▇▇▇, one to the leasee, while the third one will be immediately submitted within the legal deadline to the competent D.O.Y. for approval.

CONTRIBUTING PARTIES

▇▇▇▇▇▇

LEASEE

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