JOINT VENTURE AGREEMENT AMONG TEEKAY SHIPPING CORPORATION, TEEKAY ACQUISITION HOLDINGS, LLC AND A/S DAMPSKIBSSELSKABET TORM Dated as of April 17, 2007Joint Venture Agreement • April 27th, 2007 • Teekay Shipping Corp • Deep sea foreign transportation of freight • New York
This Joint Venture Agreement, dated as of April 17, 2007 (this “Agreement”), is made and entered into by and among Teekay Shipping Corporation (“Teekay”), Teekay Acquisition Holdings, LLC, a wholly owned subsidiary of Teekay (“TK Holdings”), and A/S Dampskibsselskabet Torm (“Torm”). Teekay, TK Holdings and Torm are sometimes referred to herein collectively as the “Parties” and each individually as a “Party.” The definitions of certain terms used in this Agreement are set forth in Exhibit A.
