TERMINATION OF DEBENTURETermination of Debenture • April 29th, 2010 • Calpetro Tankers (Bahamas Iii) LTD • Miscellaneous business credit institution • New York
Contract Type FiledApril 29th, 2010 Company Industry JurisdictionTHIS TERMINATION AGREEMENT (this "Termination") is made and entered into as of April 8, 2010, by and between (i) CALPETRO TANKERS (BAHAMAS III) LIMITED, a company organized under the laws of the Bahamas (the "Owner"), and (ii) CALIFORNIA PETROLEUM TRANSPORT CORPORATION, a company organized under the laws of the state of Delaware ("CPTC"), in respect of the debenture dated as of April 1, 1995 between the Owner and CPTC (the "Debenture"). Capitalized terms used herein without definition shall have the respective meanings ascribed thereto (or incorporated by reference) in the Debenture, which also contains rules of usage that apply to terms defined therein and herein.