Capital Construction Fund Agreement-addendum No. 3

Addendum No. 3
Contract No. MA/CCF-478


ADDENDUM TO
MARITIME ADMINISTRATION
CAPITAL CONSTRUCTION FUND AGREEMENT
WITH
NATIONAL STEEL AND SHIPBUILDING COMPANY


THIS AGREEMENT, made by and between the Maritime Administrator, Department of Transportation (the "Maritime Administrator") and National Steel and Shipbuilding Company ("NASSCO"), a citizen of the United States, as an Addendum to that certain agreement, Contract No. MA/CCF-478.


WHEREAS on September 13, 1988, the parties hereto entered into a Capital Construction Fund Agreement as amended by Addendum No. 1 dated September 13, 1988 and Addendum No. 2 dated October 29, 1992 (the "Agreement"), under Section 607 of the Merchant Marine Act, 1936, as amended (the "Act");


WHEREAS, the parties hereto desire to amend the Agreement in the manner hereinafter set forth; and


WHEREAS, the parties hereto have agreed to this amendment and desire to incorporate the same into the Agreement.


NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Maritime Administrator and NASSCO agree as follows:


I. NASSCO Holdings, Incorporated ("NHI"), the parent of NASSCO, and NASSCO Funding Corporation ("NFC"), a wholly owned subsidiary of NHI, both citizens of the United States, are hereby added as parties to the Agreement effective as of the date hereof. The defined term "Party" shall mean any or all of NHI, NASSCO, or NFC, as the case may be.
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