ContractMemorandum of Agreement • August 10th, 2010 • Ridgebury Tankers LTD • Deep sea foreign transportation of freight • New York
MEMORANDUM OF AGREEMENT Dated: August 5, 2010 Jiaolong Spirit L.L.C. of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (whose performance shall be fully guaranteed by Teekay Corporation) hereinafter called the Sellers, have agreed to sell, and Ridgebury Tankers Ltd. of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (or its wholly owned subsidiary nominee whose performance shall be fully guaranteed by Ridgebury Tankers Ltd.) hereinafter called the Buyers, have agreed to buy Name: Jiaolong Spirit Classification Society/Class: Lloyds Register Built: 2009 By: Bohai Shipbuilding Heavy Industries Co., Ltd Flag: Bahamas Place of Registration: Nassau Call Sign: C6WZ9 Grt/Nrt: 85030/52098 Register Number: 9000268 / IMO No: 9379208 hereinafter called the Vessel, on the following terms and conditions: Definitions “Banking days” are days on which banks are open both in the country of the currency stipulated for the P
