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Spar Pens Dealer Agreement

Maritime Activity Reports, Inc.

November 2, 1999

Spar Associates of Annapolis, Md. signed a Dealer Agreement with AP&GF Marine Software to serve as representative and distributor of Spar's shipyard planning and production management software systems in Spain, Portugal and Latin America. With offices in Madrid and Seattle, Wa., AP&GF has agents throughout South America who serve the marine and naval markets.

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