Common Contracts

2 similar Rights Agreement contracts by Omi Corp/M I

Re: Amendment No. 1 to Rights Agreement
Rights Agreement • April 20th, 2007 • Omi Corp/M I • Water transportation • New York

Pursuant to Section 26 of the Rights Agreement, dated as of November 19, 1998, as assumed and amended (the "Rights Agreement"), between OMI Corporation (the "Company") and American Stock Transfer & Trust Company (the "Rights Agent"), the Company, by action duly taken by its Board of Directors, hereby amends the Rights Agreement as follows (this "Amendment") and directs the Rights Agent to execute this Amendment:

Re: Amendment No. 1 to Rights Agreement
Rights Agreement • April 20th, 2007 • Omi Corp/M I • Water transportation • New York

Pursuant to Section 26 of the Rights Agreement, dated as of November 19, 1998, as assumed and amended (the "Rights Agreement"), between OMI Corporation (the "Company") and American Stock Transfer & Trust Company (the "Rights Agent"), the Company, by action duly taken by its Board of Directors, hereby amends the Rights Agreement as follows (this "Amendment") and directs the Rights Agent to execute this Amendment: