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Schottel Service Agreement, North America

Maritime Activity Reports, Inc.

October 6, 2010

Schottel Inc. the US American subsidiary of the German manufacturer of propulsion systems, Schottel GmbH, signed a service cooperation agreement with CS Controls INC (CSC) in September 2010 at the occasion of the SMM trade show in Hamburg, Germany. With this agreement, CSC is assigned to undertake repairs, upgrades and overhauls of Schottel thrusters in North America.

Schottel Inc, based in St. Rose, Louisiana and CSC, headquartered in Houma, La. with an office in Orange, Calif., are located in close proximity. This ensures optimum training in Schottel propulsion systems and highest Schottel standards with the exclusive use of original Schottel spare parts.

After in depths training, CSC engineers and technicians will be included in the Schottel Inc. pool of engineers and may travel off-site on assignment.

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