To: Sumitomo Mitsui Banking Corporation Europe Limited as Agent
Exhibit 4.16
| To: | Sumitomo Mitsui Banking Corporation Europe Limited as Agent |
| From: | Xxxxxxx NYK Offshore Tankers AS on behalf of itself and the other Obligors and KNOT Offshore Partners L.P. as Replacement Guarantor |
| Dear Sirs | Date: 15 December 2014 |
KNOT USD 172,500,000 Facility Agreement dated 3 April 2014 (the “Agreement”)
| 1. | We refer to the Agreement. This is an Accession Letter. Terms defined in the Agreement have the same meaning in this Accession Letter unless given a different meaning in this Accession Letter. |
| 2. | KNOT Offshore Partners L. P. (“XXXX”) agrees to become a Replacement Guarantor with respect to all amounts outstanding in respect of KNOT Shuttle Tanker 20 AS and the Vessel “Xxx Xxxxx” and to be bound by the terms of the Agreement as a Replacement Guarantor pursuant to Clause 28.2 (XXXX as Replacement Guarantor) of the Agreement. XXXX is a company duly incorporated under the laws of the Xxxxxxxx Islands. |
| 3. | XXXX’x administrative details are as follows: |
Address:
2 Queen’s Cross,
Aberdeen,
Xxxxxxxxxxxxx XX00 0XX,
Xxxxxx Xxxxxxx
Fax No: x00 (0) 0000 000000
Attention: Xxxxx Xxx (CFO/CEO)
| 4. | This Accession Letter is governed by Norwegian law and XXXX has appointed KNOT Shuttle Tanker 20 AS its process agents in respect of this Accession Letter and the other Finance Documents. |
Xxxxxxx NYK Offshore Tanker AS
| /s/ ØYSTEIN M. KALLEKLEV |
| Name: Øystein Moksheim Kalleklev |
| Title: Chief Financial Officer |
| KNOT Offshore Partners, L.P. |
| /s/ XXXXX XXX |
| Name: Xxxxx Xxx |
| Title: CEO |
Confirmed by the Agent
Sumitomo Mitsui Banking Corporation Europe Limited
| /s/ Xxxxxxxx Xxxxxxxxx |
| Name: Xxxxxxxx Xxxxxxxxx |
| Title: Attorney in Fact |
Confirmed by the process agent
KNOT Shuttle Tanker 20 AS
| /s/ ØYSTEIN M. KALLEKLEV |
| Name: Øystein Moksheim Kalleklev |
| Title: Chief Financial Officer |
