Frantz Marinecorporation, Inc

FRANTZ MARINECORPORATION, INC.

139 ACADIAN LANE

MANDEVILLE, LA 70471

(985) 845-9829

Dennis O. Frantz -- C.V.

President

EXPERIENCE1992 – Present, Frantz Marine Corporation, Inc. – President and

Owner, Mandeville, Louisiana

1989 – 1991, Canal Marine Repair, Inc. – President and Co-

Owner, New Orleans, Louisiana

1986 – 1988, Port Bienville Industries, Inc. – President and Co-

Owner, Pearlington, Mississippi

1981 – 1985, Balehi Marine, Inc. – Vice President Sales and

Administration, Lacombe, Louisiana

1978 – 1980, Balehi Marine, Inc. – Controller, Lacombe, Louisiana

AREAS OF

EXPERTISE**Business Broker

**Marine Broker

**Business mergers/acquisitions

**Business valuations

**Workboat valuations (commercial and industrial heavy

equipment; nationally and foreign)

**Shipyard management

**Asset liquidations

EDUCATIONLoyola University of the South – Masters of Business

Administrations (Magna cum Laude), Bachelor of Science –

Accounting (Cum Laude), and B.M.E. 1975 (Cum Laude)

SELECT MAJOR**Over 100 closely held marine businesses

CUSTOMERS/ ** Kinder Morgan,Inc.

QUALIFIED**Falcon Drilling

PROFESSIONAL**Reading & Bates

EXPERT**Tidewater, Inc.

**Kirby Company

**American Commercial Barge Line

**Con Agra

**ARTCO

**Transocean Sedco Forex

**TODCO

**Avondale Industries

**Hornbeck Offshore Services

**Jefferson Parish District Court

**Orleans Parish District Court

**Great Lakes Dredge & Dock Company

**Bean Dredging

**Various Regional and National Banks

**Martin Marietta

**Odyssea Marine

**Limerock Energy Partners

**K-Sea Transportation Partners

**Jordan Companies

RESULTS**371 tugs, towboats, crewboats, drydocks and barges sold

**Twenty+ ( 20 plus) Marine Company Mergers and Acquisitions completed

**35+ heavy equipment sales

**Total sales over $ 515,900,000.00

MARINE VESSELS SOLD BY DENNIS O. FRANTZ

ThroughOctober 15, 2010

$ 515,900,000.00

(See Addendum “A” pages 1 through 12)

** Associates and affiliated transactions included. **

NAMETYPEH.P./SIZE

SeahorsePushboat900 H.P., G.M.’s

EnterpriseTug4200 H.P., NPHA3S

DriverTug3600 H.P., CAT’s

Kenny W.Crewboat55’, G.M.’s

David M.Crewboat47’, G.M.’s

Michael M.Crewboat47’, G.M.’s

Kathie G.Pushboat7200 H.P., E.M.D.’s

Mitzi AlarioTug4200 H.P., CAT’s

Dallas J. AdamsTug4200 H.P., Wickman’s

Hollywood Chem. #31Tank Barge195’ x 35’

Gulf DispatcherPushboat900 H.P., G.M.’s

Gulf ExpressPushboat900 H.P., G.M.’s

Robert AlarioTug7200 H.P., E.M.D.’s

Robin AlarioTug7200 H.P., E.M.D.’s

Fournier BaysTug4200 H.P., E.M.D.’s

ABBS-160-1Deck Barge160’ x 54’

ABBS-160-2Deck Barge160’ x 54’

Danny W.Crewboat47’, G.M.’s

VanguardiaTug4200 H.P., E.M.D.’s

MoniqueCrewboat42’, G.M.’s

Edmond CuroleTug4200 H.P., Wickman’s

King PhilipTug2000 H.P., E.M.D.’s

Bay PrinceTug3000 H.P., G.M.’s

Mr. MacTug1800 H.P., G.M.’s

CourierTug1800 H.P., G.M.’s

Cold FirePushboat1350 H.P., G.M.’s

Croyle TideO.S.V.190’ x 40’ Foreign Flag

Julia W.Dredge Tender46’, G.M.’s

1

M-30Tank Barge195’ x 35’

Barry G.Utility Boat96’ x 24’

BMI-908Tank Barge10,000 BLL

CWJ-1Deck Barge150’ x 35’

A-15Tank Barge10,000 BLL

Lucinda SmithTug3000 H.P., G.M.’s

American EagleTug900 H.P., G.M.’s

Crimson TidePushboat900 H.P., G.M.’s

JO 603Spud Barge150’ x 45’

Blue ChipO.S.V.180’

Chip DO.S.V.180’

Belle WatlingPushboat900 H.P., G.M.’s

PRBL 3Deck Barge120’ x 30’

Loveland 3403Hopper9000 ton

Thunder BayTug4200 H.P., E.M.D.’s

Verna G.Pushboat900 H.P., G.M.’s

Betty JoLugger Tug800 H.P., G.M.’s

Capt. DickieCrewboat47’, G.M.’s

Edina St. PhilipTug1800 H.P., E.M.D.

Vena E.Tug900 H.P., G.M.’s

Bulk TransporterOcean Hopper Barge10,000 ton

Marine CompassLugger Pushboat900 H.P., G.M.’s

Marine FlagLugger Tug800 H.P., G.M.’s

StallionPushboat600 H.P., G.M.’s

Joyce CrosbyTug600 H.P., G.M.’s

Tee CenacTug2400 H.P., Cummins

PalmettoTug3700 H.P., ALCO

Lance P. CrochetPushboat1200 H.P., CAT’s

Sheritan BargeHopper Barge12,000 ton

2

Avondale SESSurface Effect Ship3000 Deutsch

Debra ValentinePushboat3900 H.P., E.M.D.’s

EscortTug10,000 H.P., ALCO’s

Old Spy BrookPushboat1800 H.P., G.M.’s

TuscallosaPushboat1800 H.P., G.M.’s

Harbor IslandTug1200 H.P., CATS

LeoTug3000 H.P., G.M.’s

Crosby StarTug4200 H.P., CATS

Colonel IITug4200 H.P., CATS

Miss ShellyPushboat1200 H.P., G.M.’s

Sea HawkCrewboat105’, G.M.’s

Sea FoxCrewboat105’, G.M.’s

Southern CoastTug3600 H.P., CATS

Gulf CometTug4200 H.P., NOHABS

Miss LuciaPushboat1000 H.P., CATS

Great Gulf ITug2400 H.P., G.M.’s

J.N. ColleTug3000 H.P., G.M.’s

Monica DoucetTug3600 H.P., CATS

Roseanna DoucetTug3600 H.P., CATS

DADTug2400 H.P., CATS

Marine CompassLugger900 H.P., G.M.’s

Miss JudyLugger900 H.P., G.M.’s

Marine FlagLugger600 H.P., G.M.’s

Gary JohnLugger600 H.P., G.M.’s

Double DLugger600 H.P., G.M.’s

Capt. J.R.Lugger600 H.P., G.M.’s

Betty JoLugger900 H.P., G.M.’s

Susan BourgPushboat600 H.P., G.M.’s

Emily BourgPushboat600 H.P., G.M.’s

3

Sidney BourgPushboat600 H.P., G.M.’s

R.L. Bourg, Jr.Pushboat1000 H.P., G.M.’s

David NevillePushboat1800 H.P., G.M.’s

Ellen MonteiroPushboat600 H.P., G.M.’s

John B. MonteiroPushboat900 H.P., G.M.’s

Rebecca MonteiroPushboat900 H.P., G.M.’s

Susan MonteiroPushboat600 H.P., G.M.’s

Lance Thomas DeBardelebenPushboat1200 H.P., G.M.’s

Bailey T. DeBardelebenPushboat1200 H.P., G.M.’s

NonniePushboat1200 H.P., G.M.’s

PercheronPushboat1000 H.P., G.M.’s

Lois PawgPushboat900 H.P., G.M.’s

Delores PawgPushboat900 H.P., G.M.’s

Kathy PawgPushboat900 H.P., G.M.’s

Miss MelowaePushboat400 H.P., G.M.’s

Allison MariePushboat400 H.P., G.M.’s

Little MCrewboat54’, G.M.’s

Lady BlackieUtility86’, G.M.’s

AdmiralUtility86’, G.M.’s

Lady JuneUtility86’, G.M.’s

Reggie BagalaUtility86’, G.M.’s

Eleven 120’ x 30’ BargesDeck Barges120’ x 30’

Ten Jack-up’s for Sun ContractorsJack-up’s76’ x 85’

T.L. James four tugs – Dredge TendersTugs900 H.P., G.M.’s

Martin Marietta PelicanUtility45’, G.M.’s

PoconoPushboat4200 H.P., E.M.D.’s

Pebble BeachPushboat4200 H.P., E.M.D.’s

Roland A. FalgoutTug7000 H.P., E.M.D.’s

Nina DawnTug4200 H.P., CATS

4

Wilken FalgoutTug4200 H.P., CATS

Kelly FalgoutTug4200 H.P., E.M.D.’s

Miss SaidyTug10,000 H.P., ALCO’s

Lady OraTug2400 H.P., G.M.’s

Lady AshbyTug3600 H.P., CATS

LibraTug3000 H.P., G.M.’s

Caribe FalconDeck Barge250’ x 72’

Caribe Prince 99Deck Barge250’ x 72’

Caribe HonorDeck Barge210’ x 68’

TajaritosDeck Barge250’ x 72’

NPR 251Deck Barge250’ x 72’

EaglePushboat900 H.P., G.M.’s

TupeloPushboat1200 H.P., G.M.’s

Whittle T.Crewboat50’, CATS

OU70JSpud Barge120’ x 45’

El Jaguar GrandeTug4200 H.P., E.M.D.’s

Marine TurnPushboat1200 H.P., G.M.’s

Marine ProgressPushboat1200 H.P., G.M.’s

Mr. LeroyCrewboat105’, G.M.’s

Mr. WalterCrewboat100’, G.M.’s

Miss KatherineCrewboat100’, G.M.’s

Miss RobbieCrewboat85’, G.M.’s

Rita KCrewboat85’, G.M.’s

Mr. BudCrewboat80’, G.M.’s

Miss MinnieCrewboat65’, G.M.’s

Miss JoyceCrewboat65’, G.M.’s

Miss PamCrewboat55’, G.M.’s

Miss MargieCrewboat55’, G.M.’s

Miss PauletteCrewboat48’, G.M.’s

5

Sea RobinCrewboat46’, G.M.’s

Sun DancerCrewboat46’, G.M.’s

Marine RunnerPushboat900 H.P., G.M.’s

Marine InlandPushboat1200 H.P., G.M.’s

Marine VenturePushboat1200 H.P., G.M.’s

Marine IntercoastalPushboat1200 H.P., G.M.’s

Marine PointPushboat1200 H.P., G.M.’s

Elizabeth BlielierPushboat1000 H.P., CATS

El Gallo GrandeTug6000 H.P., E.M.D.’s

Marine LegendPushboat900 H.P., G.M.’s

Ole HickoryPushboat1800 H.P., G.M.’s

Jamie StonePushboat1410 H.P., CATS

R-306Crewboat105’, G.M.’s

3 – BrothersPushboat1800 H.P., G.M.’s

Drydock 980273Drydock1200 Tons, 150’

Warren BPushboat1000 H.P., G.M.’s

Aaron Charles McKinneyPushboat1350 H.P., G.M.’s

RepentPushboat1600 H.P., Cummins

CochiseTug3400 H.P., CATS

Miss TammyPushboat900 H.P., G.M.’s

BucklesPushboat1800 H.P., G.M.’s

Mable ColleTractor Tug3000 H.P., E.M.D.’s

Jim ColleTractor Tug2800 H.P., E.M.D.’s

Gulf SabreTug2400 H.P., CATS

El Rhino GrandeTug2400 H.P., CATS

American PrideTug2400 H.P., G.M.’s

TylerPushboat800 H.P., G.M.’s

W.A.B.Tug2400 H.P., CATS

Elizabeth AdamsTug5750 H.P., E.M.D.’s

6

Mister RandyTug2400 H.P., CATS

Rebekkah BruceTug5000 H.P., CATS

Sea CrescentTug1800 H.P., CATS

Katie GonsoulinTug900 H.P., G.M.’s

Gulf GaleTug3000 H.P., E.M.D.’s

El Oso GrandeTug5750 H.P., E.M.D.’s

Megan BethLugger700 H.P., G.M.’s

Gloria G. CheramieTug1620 H.P., CATS

PegasusTug1800 H.P., CATS

Mr. EmrayPushboat1800 H.P., CATS

KilchessTank Barge80,100 BLL

Chip VCrewboat105’, Triple screw

LaForce ICrew/Supply Boat160’, Quad screw

Gulf HawkTug3000 H.P., E.M.D.’s

Bo JanglesLugger1200 H.P., G.M.’s

Jana MariePushboat1200 H.P., G.M.’s

Mr. RobertTug4100 H.P., Alco’s

Katrina GTug3000 H.P., E.M.D.’s

Brody JamesPushboat1200 H.P., G.M.’s

Taco TerrorPushboat1000 H.P., Cummins

TylerPushboat1000 H.P., G.M.’s

Seth HarrisonPushboat800 H.P., G.M.’s

James DTug2400 H.P., CATS

Robin TideCrewboat2040 H.P., G.M.’s

Delta TrooperTug1800 H.P., G.M.’s

Greer TideCrewboat2040 H.P., G.M.’s

Joe TideCrewboat2292 H.P., G.M.’s

Rebecca TideCrewboat2020 H.P., Cummins

HOS HotshotCrewboat6000 H.P., CATS

7

Torrent Tug3500 H.P., E.M.D.’s

Mac Tide 62Tug6140 H.P., E.M.D.’s

Mac Tide 63Tug6140 H.P., E.M.D.’s

Santo DomingoDeck Barge250’ x 76’

Daigle TideCrewboat2040 H.P., G.M.’s

Kraemer TideCrewboat2040 H.P., G.M.’s

McClelland TideCrewboat2040 H.P., G.M.’s

Lockwood IIDeck Barge140’ x 38’

Captain CharliePushboat800 H.P., G.M.’s

Hanna LPushboat600 H.P., G.M.’s

River PrincePushboat1200 H.P., G.M.’s

M560LDeck Barge260’ x 50’

M 561Deck Barge260’ x 50’

N Joseph GuidryTug4560 H.P., E.M.D.’s

IndependentTug2800 H.P., E.M.D.’s

Mary STug2800 H.P., E.M.D.’s

Gilbert TideCrewboat125’, Triple Screw

Cape CharlesDeck Barge240’ x 72’

Canal GuardianTug2240 H.P., CATS

Shellen RPushboat1200 H.P., CATS

Sean CandiesTug6140 H.P., E.M.D.’s

New ConstructionPushboat1500 H.P., CATS

Yabucoa ServiceTug3000 H.P., E.M.D.’s

B-15Tank Barge150’ x 60’

North ServiceTug2400 H.P., CATS

Grant CandiesTug6140 H.P., E.M.D.’s

FlossieTug1800 H.P., G.M.’s

Barbara TaylorPushboat2800 H.P., E.M.D.’s

AnnaLugger Tug1200 H.P., G.M.’s

JamesOSV136’

8

QueenOSV166’

AshleyOSV146’

AndreOSV146’

ReganOSV146’

TeamOSV136’

Ramy EymardTug1400 H.P., G.M.’s

VoyagerTug1400 H.P., CATS

ShirleyTug1800 H.P., G.M.’s

Andre LLugger Tug800 H.P., G.M.’s

Kelly HPushboat1200 H.P., Cummins

Sea IslandTug3400 H.P., CATS

M. GillTug1200 H.P., CATS

Ridge RunnerCrewboat6300 H.P.,(4) CATS

Bay RunnerCrewboat600 H.P., G.M.’s

Bayou RunnerCrewboat600 H.P., G.M.’s

Blue RunnerCrewboat600 H.P., G.M.’s

Capt. Jim RhodesCrewboat800 H.P., G.M.’s

Crew RunnerCrewboat600 H.P., G.M.’s

Island RunnerCrewboat600 H.P., G.M.’s

Lake RunnerCrewboat600 H.P., G.M.’s

River RunnerCrewboat600 H.P., G.M.’s

Sun RunnerCrewboat600 H.P., G.M.’s

Super RunnerCrewboat1000 H.P., G.M.’s

Swift RunnerCrewboat600 H.P., G.M.’s

Wave RunnerCrewboat600 H.P., G.M.’s

SamsonTug2240 H.P., CATS

Allie Tug2240 H.P., CATS

Miss Callie PCrewboat6300 H.P.,(4)CATS

Eric CandiesTug3000 H.P.,,E.M.D.’s

Kevin CandiesTug3000 H.P., E.M.D.’s

9

Brett CandiesTug3000 H.P., E.M.D.’s

Ryan CandiesTug3000 H.P., E.M.D.’s

Gulf BrentTug7200 H.P., E.M.D.’s

Gulf DukeTug5750 H.P., E.M.D.’s

Mister AndreTug4100 H.P., Alco’s

Mister JeanTug4100 H.P., Alco’s

El Toro Grande IITug5750 H.P., E.M.D.’s

El Falcon GrandeTug5750 H.P., E.M.D.’s

Gulf Ace IITug3900 H.P., E.M.D.’s

Elefante GrandeTug3900 H.P., E.M.D.’s

Dr. JackTug7200 H.P., Alco’s

Mister John HTug4100 H.P., Alco’s

Gulf SquallTug3600 H.P., E.M.D.’s

El Carnero GrandeTug4300 H.P., Alco’s

Rio BravoTug3000 H.P., E.M.D.’s

El Pato GrandeTug3000 H.P., E.M.D.’s

Ponce ServiceTug4000 H.P., E.M.D.’s

Capt. Preston PCrewboat6300 H.P., (4) CATS

Becky LeePushboat600 H.P., G.M.’s

EddieTug1400 H.P., G.M.’s

BayouPushboat600 H.P., G.M.’s

DuardTug1800 H.P., G.M.’s

PridePushboat1800 H.P., CATS

Lady DakotaCrewboat6300 H.P., (4) CATS

Rio BravoTug3000 H.P., E.M.D.’s

Delta FuryTug3000 H.P., E.M.D.’s

F-BoysTug4600 H.P., E.M.D.’s

CommodorePushboat1800 H.P., CATS

Rapid Runner IICrewboat6300 H.P., (4) CATS

Horizon RunnerCrewboat6300 H.P., CATS

10

QuestTug2100 H.P., (3) CATS

C-RosePushboat800 H.P., G.M.’s

Capt. PaulLugger1200 H.P., Cummins

MelindaLugger900 H.P., CATS

BrennanLugger1200 H.P., Cummins

Al CTug1800 H.P., Cummins

GodfatherTug6400 H.P., Alco’s

Mr. CharlieTug4100 H.P., Alco’s

Response RunnerCrewboat6300 H.P., (4) CATS

Miss Calie P.Crewboat6300 H.P., (4) CATS

Lady Dakota IICrewboat6300 H.P., (4) CATS

Tako InvaderPushboat1440 H.P., (2) CATS

SpecialistTug2000 H.P., (2) Cummins

Miss RobinTug1440 H.P., (2) CATS

Miss DebbieTug1440 H.P., (2) CATS

Southern CoastTug2000 H.P., (2) CATS

Mr. ToupTug2200 H.P., (2) CATS

Morgan RayPushboat1440 H.P., (2) CATS

152 Rapid RunnerCrewboat6300 H.P., (4) Mitsubishi

Marguerite DufreneCrewboat5780 H.P., (4) Cummins

Tako SpiritPushboat1000 H.P., (2) Cummins

Lady Dakota IICrewboat6300 H.P., (4) CATS

Danielle DPushboat1440 H.P., (2) CATS

Jacque RPushboat1000 H.P., (2) CATS

Andre RPushboat1000 H.P., (2) Cummins

Lowland 15Pushboat1440 H.P., (2) CATS

Dorothy CenacPushboat1000 H.P., (2) Cummins

Captain WebsterPushboat900 H.P., (2) GM’s

Dolphin IVTug5000 H.P., (2) CATS

Dolphin VTug7200 H.P., (2) EMD’s

11

Harvey VikingTug5000 H.P., (2) CATS

Harvey WarriorTug5000 H.P., (2) CATS

Dolphin IITug4600 H.P., (2) EMD’s

Capt. L GambarellaPushboat1000 H.P., (2) Cummins

Reed DanosTug3000 H.P., (2) CATS

Todd DanosTug3000 H.P., (2) CATS

Dirk DanosTug3000 H.P., (2) CATS

PaytonPushboat900 H.P., (2) GM’s

Samuel PCrewboat3,300 H.P., (4) CATS

La EspritTug5,100 H.P., (2) CATS

Linda HPushboat1,440 H.P., (2) CATS

Pere Anna CLugger 1,500 H.P., (3) GM’s

George CLugger1,500 H.P., (3) GM’s

Shannon CLugger900 H.P., (2) GM’s

Miss KarliPushboat1,200 H.P., (2) CATS

Miss KaylaPushboat(2) CATS

Miss LoisLugger900 H.P., (2) GM’s

Miss SharleeTug600 H.P., (2) GM’s

Mr. ColePushboat1,000 H.P., (2) Cummins

Miss JukPushboat1,200 H.P., (2) CATS

Miss KoriPushboat1,200 H.P., (2) CATS

Miss StaciePushboat1,800 H.P., (2) Cummins

Miss ErinLugger900 H.P., (2) GM’s

Mr. WaynePushboat1,800 H.P., (2) GM’s

Mr. LanePushboat900 H.P., (2) GM’s

12