0000945234-07-000302 Sample Contracts

JOINT VENTURE AGREEMENT AMONG TEEKAY SHIPPING CORPORATION, TEEKAY ACQUISITION HOLDINGS, LLC AND A/S DAMPSKIBSSELSKABET TORM Dated as of April 17, 2007

Joint Venture Agreement • April 27th, 2007 • Teekay Shipping Corp • Deep sea foreign transportation of freight • New York

• Contract Type
  Joint Venture Agreement
• Filed
  April 27th, 2007
• Company
  Teekay Shipping Corp
• Industry
  Deep sea foreign transportation of freight
• Jurisdiction
  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.