MANAGEMENT AGREEMENTManagement Agreement • May 5th, 2014 • Nordic American Offshore Ltd. • Deep sea foreign transportation of freight • New York
This Management Agreement is made as of the 1st day of January, 2014, (the “Agreement”) made by and between NORDIC AMERICAN OFFSHORE LTD, a company organized and existing under the laws of the Marshall Islands (the “Company”), and Scandic American Shipping Ltd., a company organized and existing under the laws of Bermuda (“Scandic”).
COMMON STOCK PURCHASE WARRANT To Purchase 833,333 Shares of Common Stock of NORDIC AMERICAN OFFSHORE LTD.Nordic American Offshore Ltd. • May 5th, 2014 • Deep sea foreign transportation of freight
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Nordic American Tankers Limited (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on December 31, 2015 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Nordic American Offshore Ltd. a Marshall Islands corporation (the “Company”), up to 833,333 shares (the “Warrant Shares”) of Common Stock, par value $0.01 per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(c).
