ISDA® International Swaps & Derivatives Association, Inc. MASTER AGREEMENT dated as of 2 March 2004Master Agreement • June 2nd, 2004 • Knightsbridge Tankers LTD • Water transportation
have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions.
Date 5 March 2004 KTL CHELSEA, INC. as Owner -and- THE ROYAL BANK OF SCOTLAND plc as Lender GENERAL ASSIGNMENT relating to m.v. “CHELSEA” WATSON, FARLEY & WILLIAMS LondonKnightsbridge Tankers LTD • June 2nd, 2004 • Water transportation
KTL CHELSEA, INC.Knightsbridge Tankers LTD • June 2nd, 2004 • Water transportation
NOVATION AGREEMENT Dated 5 March, 2004 LAWRENCE TANKERS LDC CALICO LEASING (GB) LIMITED (formerly Natwest Leasing (GB) Limited) and KTL CHELSEA, INC. relating to a Conditional Sale Agreement dated 25th November, 1996 LONDONNovation Agreement • June 2nd, 2004 • Knightsbridge Tankers LTD • Water transportation • England
THE ROYAL BANK OF SCOTLAND PLCKnightsbridge Tankers LTD • June 2nd, 2004 • Water transportation
Date 2 March 2004 KNIGHTSBRIDGE TANKERS LIMITED as Borrower KTL HAMPSTEAD, INC. KTL CHELSEA, INC. KTL MAYFAIR, INC. KTL CAMDEN, INC. KTL KENSINGTON, INC. as New Owners - and - THE ROYAL BANK OF SCOTLAND plc as Lender LOAN AGREEMENT relating to a...Loan Agreement • June 2nd, 2004 • Knightsbridge Tankers LTD • Water transportation
The Lender has agreed to make available to the Borrower a facility of up to $140,000,000 for the purpose of enabling the Borrower to advance funds to the New Owners (newly incorporated special purpose subsidiaries of the Borrower) to enable each New Owner to finance part of the cost of acquiring a Ship and to provide working capital to the Borrower.
DEED OF RELEASE Dated 18 March, 2004 BETWEEN CEDARHURST TANKERS LDC AND CALICO LEASING (GB) LIMITED (formerly Natwest Leasing (GB) Limited) AND THE ROYAL BANK OF SCOTLAND PLC ALLEN & OVERY London 39625-00022 BK:1225870.3Knightsbridge Tankers LTD • June 2nd, 2004 • Water transportation
Under the Lessor Mortgage and Assignment, the Chargor, as security for the Secured Obligations, mortgaged to the Chargee the Vessel by way of first priority mortgage and assigned to the Chargee all the Assigned Rights.
Date 2 March 2004 KNIGHTSBRIDGE TANKERS LIMITED as Borrower - and - KTL HAMPSTEAD, INC. KTL CHELSEA, INC. KTL MAYFAIR, INC. KTL CAMDEN, INC. KTL KENSINGTON, INC. as New Owners - and - THE ROYAL BANK OF SCOTLAND plc as Bank ACCOUNT SECURITY DEED...Loan Agreement • June 2nd, 2004 • Knightsbridge Tankers LTD • Water transportation
Dated 2 March 2004 KNIGHTSBRIDGE TANKERS LIMITED -and- THE ROYAL BANK OF SCOTLAND plc MASTER AGREEMENT SECURITY DEED relating to a Loan Agreement dated 2 March 2004Master Agreement Security Deed • June 2nd, 2004 • Knightsbridge Tankers LTD • Water transportation
DEED OF RELEASE Dated 5 March, 2004 BETWEEN LAWRENCE TANKERS LDC AND CALICO LEASING (GB) LIMITED (formerly Natwest Leasing (GB) Limited) AND THE ROYAL BANK OF SCOTLAND PLC ALLEN & OVERY London 39625-00022 BK:1237326.2Knightsbridge Tankers LTD • June 2nd, 2004 • Water transportation
Under the Lessor Mortgage and Assignment, the Chargor, as security for the Secured Obligations, mortgaged to the Chargee the Vessel by way of first priority mortgage and assigned to the Chargee all the Assigned Rights.
DEED OF RELEASE Dated 11 March, 2004 BETWEEN HEWLETT TANKERS LDC AND CALICO LEASING (GB) LIMITED (formerly Natwest Leasing (GB) Limited) AND THE ROYAL BANK OF SCOTLAND PLC ALLEN & OVERY London 39625-00022 BK:1237321.2Knightsbridge Tankers LTD • June 2nd, 2004 • Water transportation
Under the Lessor Mortgage and Assignment, the Chargor, as security for the Secured Obligations, mortgaged to the Chargee the Vessel by way of first priority mortgage and assigned to the Chargee all the Assigned Rights.
DEED OF RELEASE Dated 29 March, 2004 BETWEEN WOODMERE TANKERS LDC AND CALICO LEASING (GB) LIMITED (formerly Natwest Leasing (GB) Limited) AND THE ROYAL BANK OF SCOTLAND PLC ALLEN & OVERY London 39625-00022 BK:1237330.2Knightsbridge Tankers LTD • June 2nd, 2004 • Water transportation
Under the Lessor Mortgage and Assignment, the Chargor, as security for the Secured Obligations, mortgaged to the Chargee the Vessel by way of first priority mortgage and assigned to the Chargee all the Assigned Rights.
DEED OF RELEASE Dated 15 March, 2004 BETWEEN INWOOD TANKERS LDC AND CALICO LEASING (GB) LIMITED (formerly Natwest Leasing (GB) Limited) AND THE ROYAL BANK OF SCOTLAND PLC ALLEN & OVERY London 39625-00022 BK:1237324.2Knightsbridge Tankers LTD • June 2nd, 2004 • Water transportation
Under the Lessor Mortgage and Assignment, the Chargor, as security for the Secured Obligations, mortgaged to the Chargee the Vessel by way of first priority mortgage and assigned to the Chargee all the Assigned Rights.
AMENDMENT NO. 1 TO MANAGEMENT AGREEMENT AND ACCESSION AGREEMENTManagement Agreement • June 2nd, 2004 • Knightsbridge Tankers LTD • Water transportation
This Accession Agreement and Amendment No. 1 to Management Agreement is made as of the 1 day of March, 2004, by and between KNIGHTSBRIDGE TANKERS LIMITED, a company organized and existing under the laws of Bermuda (the “Company”), acting on behalf of itself, the companies set forth on Schedule A hereto (the “Original Subsidiaries”) (as defined below) and the companies set forth on Schedule B hereto (the “Additional Subsidiaries” and together with the Original Subsidiaries, the “Subsidiaries”), and ICB SHIPPING (BERMUDA) LTD., a company organized and existing under the laws of Bermuda (the “Manager”).
