Re: Amendment No. 1 to Rights AgreementOmi Corp/M I • April 20th, 2007 • Water transportation • New York
Pursuant to Section 26 of the Rights Agreement, dated as of November 19, 1998, as assumed and amended (the "Rights Agreement"), between OMI Corporation (the "Company") and American Stock Transfer & Trust Company (the "Rights Agent"), the Company, by action duly taken by its Board of Directors, hereby amends the Rights Agreement as follows (this "Amendment") and directs the Rights Agent to execute this Amendment:
TRANSACTION AGREEMENT AMONG TEEKAY SHIPPING CORPORATION, A/S DAMPSKIBSSELSKABET TORM, OMAHA, INC. AND OMI CORPORATION, DATED APRIL 17, 2007Transaction Agreement • April 20th, 2007 • Omi Corp/M I • Water transportation • New York
THIS TRANSACTION AGREEMENT ("Agreement"), is dated April 17, 2007, among Teekay Shipping Corporation, a corporation organized under the laws of The Republic of the Marshall Islands, ("Teekay"), A/S Dampskibsselskabet Torm, a Danish company ("Torm") and together with Teekay, collectively ("Parent") Omaha, Inc., a corporation organized under the laws of The Republic of the Marshall Islands and a wholly owned Subsidiary of Parent ("Acquisition Sub"), and OMI Corporation, a corporation organized under the laws of The Republic of the Marshall Islands ("Company").
