Modification Agreement to April 3, 2002 Agreement Among Argosy International, RMS Titanic, Inc., Danepath, Ltd., and Graham Jessop

Summary

This agreement, dated April 4, 2002, modifies a previous contract among Argosy International, Ltd., RMS Titanic, Inc., Danepath, Ltd., and Graham Jessop. The modification clarifies that RMS Titanic, Inc. must assign all obligations owed by Danepath, Ltd. to RMS Titanic, Inc. to Argosy International, Ltd. within ten days, ensuring RMS Titanic, Inc. has no further claims against Danepath, Ltd. except as otherwise stated in the agreement. All other terms of the original agreement remain unchanged.

EX-10.D 6 ex-d.txt LETTER MODIFICATION AGREEMENT DATED APRIL 4, 2002 ARGOSY INTERNATIONAL, LTD. P.O. Box 260 Providenciales Turks and Caicos Islands, B.W.I. April 4, 2002 RMS Titanic, Inc. 3340 Peachtree Road Suite 1225 Atlanta, Georgia 30326 Gentlemen: Reference is made to a certain agreement dated this 3rd day of April, 2002, amongst you, RMS Titanic, Inc. ("Seller"), the undersigned, Argosy International, Ltd. ("Purchaser"), Graham Jessop ("Jessop") and Danepath, Ltd. (the "Corporation"). Pursuant to paragraph 6(d), Seller was required to deliver to Purchaser a general release, releasing all the obligations owed by the Corporation to Seller. Seller's lawyer drafted paragraph 6 of the agreement, including paragraph 6(d), but did not make the provisions of subparagraph (d) of paragraph 6 to the effect that Seller was to assign by Seller to Purchaser all the obligations owed by the Corporation to Seller. Therefore, the Agreement is modified to the extent that paragraph 6(d) is amended to read as follows: 6..... (d) Seller shall deliver to Purchaser within ten (10) days, a written assignment evidencing all the obligations owed by the Corporation to Seller shall be deemed assigned so that Seller shall have no further right against the Corporation, except as set forth in the Agreement or any right or agreement referred to in the Agreement. Except as to this amendment to paragraph 6(d), the agreement is ratified and confirmed. If the foregoing meets with your understanding, please indicate your approval and acceptance in the space provided for your signature. Very truly yours, ARGOSY INTERNATIONAL, LTD. By -------------------------------- The foregoing is accepted and approved: RMS TITANIC, INC. By ----------------------- DANEPATH, LTD. By ----------------------- GRAHAM JESSOP