REGISTRATION RIGHTS AGREEMENT
by and among
BASSET HOLDINGS INC.
Dated as of [_________], 2007
REGISTRATION RIGHTS AGREEMENT, dated as of [_________], 2007, by and between
OceanFreight Inc., a Marshall Islands corporation (the “ Company ”), and Basset Holdings Inc., a Marshall
Islands corporation (the “ Shareholder ”).
In consideration of the mutual covenants and agreements herein contained and other good and valid
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement
hereby agree as follows:
In addition to the terms defined elsewhere in this Agreement, the following terms shall have the following
“ Affiliate ” of any Person means any other Person which directly or indirectly through one or more
intermediaries, controls, or is controlled by, or is under common control with, such Person. The term “ control
” (including the terms “ controlling ,” “ controlled by ” and “ under common control with ”) as used with respect
to any Person means the possession, direct or indirect, of the power to direct or cause the direction of the
management and policies of such Person, whether through the ownership of voting securities, by contract or
“ Agreement ” means this Registration Rights Agreement, including all amendments, modifications and
supplements and any exhibits or schedules to any of the foregoing, and shall refer to this Registration Rights
Agreement as the same may be in effect at the time such reference becomes operative.
“ Common Shares ” means shares of Common Stock designated as Class A common stock pursuant to
the Company’s Amended and Restated Articles of Incorporation.
“ Common Stock ” means the shares of common stock, par value $0.01 per share, of the Company
consisting of Common Shares and Subordinated Shares.
“ Company ” has the meaning set forth in the introductory paragraph.
“ Demand Registration ” has the meaning set forth in Section