ADDENDUM No ____ DATED SEPTEMBER 17, 2009 TO THE BIMCO MANAGEMENT AGREEMENT DATED _________, 20___ FOR M.V. “FREE ______” BETWEEN AND
Exhibit 99.14
[NOTE: This addendum is the form of Addendum No. 2 to the BIMCO Management Agreement entered into
by Free Bulkers S.A. and each of Adventure Two S.A. and Adventure Three S.A. This addendum is also
the form of Addendum No. 1 to the BIMCO Management Agreement entered into by Free Bulkers S.A. and
each of Adventure Five S.A. through Adventure Twelve S.A.]
ADDENDUM
No ____ DATED SEPTEMBER 17, 2009
TO THE BIMCO MANAGEMENT AGREEMENT DATED _________, 20___
FOR M.V. “FREE ______”
BETWEEN
“ADVENTURE
______S.A.” OF ______________ (“THE OWNER”)
AND
“FREE
BULKERS S.A.” OF ▇▇▇▇▇▇▇▇ ISLANDS (“THE MANGER”)
In connection with the above mentioned Management Agreement following has been mutually agreed
between Owner and Manager.
1/. The management fee as per ▇▇▇ ▇▇ of the Management Agreement has been agreed at $16,500 per
month, pro rata and is to be effective as of October 1, 2009.
2/. A superintendent attendance fee of $400 per day has been agreed for services as per Box 6 of
the Management Agreement and is to be effective as of October 1, 2009.
3/. This Addendum shall constitute inseparable part of the Management Agreement and all other
terms/conditions/provisions and exceptions of the Management
Agreement dated ________, 20___ shall
remain unaltered and in full force and effect.
IN
WITNESS WHEREOF the parties hereto have caused this Addendum No. ____ to be executed by
their duly authorised representatives as of September 17, 2009.