ContractMay 5th, 2020
FiledMay 5th, 2020<DOCUMENT> <TYPE>EX-10.25 <SEQUENCE>28 <FILENAME>a2028388zex-10_25.txt <DESCRIPTION>EXHIBIT 10.25 <TEXT> <PAGE> Exhibit 10.25 THIS FIRST PREFERRED MORTGAGE is made and given this day of May, 1998 by Genmar Minotaur Limited, a company organized and existing under the laws of the Cayman Islands, having its registered office in Grand Cayman, Cayman Islands, British West Indies, and qualified as a foreign maritime entity under the laws of the Republic of Liberia (the "Owner"), as mortgagor, in favor of CHRISTIANIA BANK OG KREDITKASSE ASA, a banking corporation organized and existing under the laws of the Kingdom of Norway, acting through its main office in Oslo, Norway, in its capacity as security trustee (the "Mortgagee"), as mortgagee. W H E R E A S : - A. The Owner is the sole owner of the whole of the vessel GENMAR MINOTAUR (the "Vessel"), Official No. 10948, of 53,829 gross registered tons and 27,269 net registered tons and registered and documented in the name of the Owner under the