Exhibit 2.15
May 25, 2001
General Maritime Ship Holdings Ltd.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Letter Agreement
Ladies and Gentlemen:
This letter will confirm our agreement that as the sole stockholder of
General Maritime Corporation, a Xxxxxxxx Islands Corporation ("Genmar"), I will
sell to you all of the outstanding shares of stock of Genmar pursuant to the
Plan of Recapitalization annexed to the Contribution Agreements and otherwise
upon terms substantially equivalent to those Contribution Agreements.
"Contribution Agreements" means the Contribution Agreements to which you are a
party relating to the Cayman Islands limited partnerships for which affiliates
of Genmar serve as managing general partner.
Very truly yours,
/s/ Xxxxx X. Xxxxxxxxxxxxx
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Xxxxx X. Xxxxxxxxxxxxx
Accepted and Agreed:
General Maritime Ship Holdings Ltd.
By: /s/ Xxxx X. Xxxxxxxxx
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Name: Xxxx X. Xxxxxxxxx
Title: President
