CHARTER PARTY OF TIE MOTOR VESSEL EGABRAG OFFLCIAL NO. 572,028 This Charter Party is made on November 17, 1978, by and between U.S. Oceanography, Inc., a California corporation with principal place of business in San Diego, California, hereinafter referred to as "Owner," and Holmes & Narver, Inc., a California corporation with principal place of business in Orange, California, as principal and acting in its capacity as prime contractor to the U.S. Department of Energy, under its Contract Number EY-76-C-08-0020, hereinafter referred to as "Charterer." WITNESSETH: ARTICLE I DESCRIPTION OF VESSEL Owner is the sole owner of the Motor Vessel EGABRAG, Official No. 572,028, which together with her machinery, equipment, boats, apparel, furnishings, Eurniture, and all appurtenances hereunder appertaining, is hereinafter called "the vessel." ARTICLE II CHARTER PERIOD, OPTION TO EXTEND Owner agrees to let and Charterer agrees, subject to the provisions hereinafter contained, to hire the exclusive use of the vessel for the term commencing on the date the vessel departs from the Port of San Diego, California, for the putposes of this charter which is expected to be approximately December 16, 1978, or thereabouts. Peter. of the charter shall-termfnate on September 16, 2979, unless extended as herein provided.” Should Charterer not exercise its option to extend said term of the charter as herein provided, said vessel shall be returned to the Port of San Diego, California, not later than September 15, 1979, AE ARCHtea tyyung01 A UPN12AED Charterer shall have the option to extend said initial term of the charter for a period of one (1) year from September 15, 1979. Said option to renew shall be exercised by Charterer giving Owner written notice of its exercise of said option not less than thirty (30) days prior to the expiration of the initial charter period. At the expiration of the first extended term, Charterer is given the right to extend said term for an additional period of one (1) year upon giving written notice to Owner of its exercise of said option not later than thirty (30) days prior to September 15, 1980.