To: VL8 Pool Inc. Trust Company Complex Ajeltake Road Ajeltake Island Majuro Marshall Islands MH 96960 Attention: Jason Klopfer
Exhibit 10.1
To:
XX0 Xxxx Inc.
Trust Company Complex
Ajeltake Road
Ajeltake Island
Majuro
Xxxxxxxx Xxxxxxx XX 00000
Attention: Xxxxx Xxxxxxx
March 21, 2018
Dear Sirs
We refer to the pool agreement dated 11 June 2015 entered into between VL8 Pool Inc. as company (the Company) and Gener8 Xxxxxxxxx Inc. as participant (the Participant), relating to Gener8 Xxxxxxxxx (the Agreement).
Words and expressions defined in the Agreement shall have the same meaning where used in this notice, unless a contrary indication appears.
Pursuant to Clause 15.1 of the Agreement, we hereby give you ninety (90) days’ notice of our termination of the Agreement and the withdrawal of the vessel Gener8 Xxxxxxxxx (the Vessel) from the Pool. This ninety (90) days’ notice is subject to the Company’s option of plus or minus thirty (30) days and the fulfilment of any underlying contracts entered into by the Company in respect of the Vessel (other than the Time Charter Party) as referred to in Clause 15.1 of the Agreement.
Please confirm receipt of this notice and specify the date on which the termination of the Agreement will take effect in accordance with Clause 15.1 of the Agreement.
This notice and any non-contractual obligations arising out of or in connection with it are governed by and construed in accordance with English law. The courts of England shall have exclusive jurisdiction to settle any disputes which may arise out of or in connection with this notice and any non-contractual obligations arising in connection with it.
Yours faithfully
/s/ Xxxx Xxxxxxx
For and on behalf of:
Gener8 Xxxxxxxxx Inc.
as Participant
1
Schedule of Substantially Identical Agreements Omitted
1. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and STI Perth Shipping Company Ltd. with respect to the Gener8 Apollo.
2. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and STI Dundee Shipping Company Ltd. with respect to the Gener8 Ares.
3. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between XX0 Xxxx Inc. and STI Edinburgh Shipping Company Ltd. with respect to the Gener8 Athena.
4. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and GMR Atlas LLC with respect to the Gener8 Atlas.
5. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and Gener8 Chiotis Inc. with respect to the Gener8 Chiotis.
6. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and STI Xxxxxxxxx Shipping Company Ltd. with respect to the Gener8 Xxxxxxxxxxx.
7. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and Gener8 Tankers 4 Inc. with respect to the Gener8 Ethos.
8. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between V8 Pool Inc. and GMR Xxxxxx T LLC with respect to the Gener8 Xxxxxx X.
9. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between V8 Pool Inc. and GMR Xxxxxxx G LLC with respect to the Gener8 Xxxxxxx X.
10. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and Gener8 Tankers 7 Inc. with respect to the Gener8 Xxxxxx.
11. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between XX0 Xxxx Inc. and STI Newcastle Shipping Company Ltd. with respect to the Gener8 Hera.
12. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and GMR Hercules LLC with respect to the Gener8 Hercules.
13. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between V8 Pool Inc. and GMR Kara G LLC with respect to the Gener8 Xxxx X.
14. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and Gener8 Tankers 2 Inc. with respect to the Gener8 Macedon.
15. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between V8 Pool Inc. and Gener8 Maniate LLC with respect to the Gener8 Maniate.
16. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and Gener8 Miltiades Inc. with respect to the Gener8 Miltiades.
17. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and Gener8 Tankers 1 Inc. with respect to the Gener8 Nautilus.
18. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of September 3, 2015, by and between VL8 Pool Inc. and Gener8 Neptune LLC with respect to the Gener8 Neptune.
19. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and STI Esles Shipping Company Ltd. with respect to the Gener8 Oceanus.
20. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and Gener8 Tankers 5 Inc. with respect to the Gener8 Perseus.
21. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between V8 Pool Inc. and GMR Spartiate LLC with respect to the Gener8 Spartiate.
22. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between V8 Pool Inc. and GMR St. Nikolas LLC with respect to the Gener8 St. Nikolas.
23. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and Gener8 Strength Inc. with respect to the Gener8 Strength.
24. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and Gener8 Success Inc. with respect to the Gener8 Success.
25. Notice, dated March 21, 2018, regarding the Pool Participation Agreement, dated as of June 11, 2015, by and between VL8 Pool Inc. and Gener8 Supreme Inc. with respect to the Gener8 Supreme.