ASSET PURCHASE AGREEMENTAsset Purchase Agreement • January 24th, 2017 • International Shipholding Corp • Deep sea foreign transportation of freight • New York
THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is made and entered into effective as of this 18th day of January, 2017 (the “Effective Date”), by and among INTERNATIONAL SHIPHOLDING CORPORATION, a Delaware corporation (“ISH”), LMS SHIPMANAGEMENT, INC., MARCO SHIPPING COMPANY (PTE) LTD., GULF SOUTH SHIPPING PTE LTD., AND N.W. JOHNSEN & CO., INC. (collectively, the “Debtor Sellers”) and MPV NETHERLANDS C.V., MPV NETHERLANDS COOPERATIEF U.A., MPV NETHERLANDS B.V., on the one hand (collectively, the “MPV Companies” and collectively with Debtor Sellers, “Sellers”), and J LINE CORPORATION, a Marshall Islands corporation, SEAOCEAN CARRIERS PTE LTD., a Singapore private limited company, and ARCADIA MARINE, L.L.C., a Louisiana limited liability company (collectively, “Buyer”). Buyer and Sellers may be referred to herein individually as a “Party” and collectively as the “Parties”. For purposes of this Agreement, the term “Affiliates” shall mean with respect to either Party hereto, any other co
