AMENDMENT NO. 2 TO MANAGEMENT AND REMARKETING AGREEMENTManagement and Remarketing Agreement • April 29th, 2010 • Calpetro Tankers (Bahamas Iii) LTD • Miscellaneous business credit institution • New York
THIS AMENDMENT NO. 2 dated as of April 8, 2010 (this “Amendment”), between (i) CALPETRO TANKERS (BAHAMAS III) LIMITED (the “Owner”), a company organized under the laws of the Bahamas, and (ii) Frontline Ltd., a company organized under the laws of Bermuda (the “Manager”), to the Management and Remarketing Agreement dated as of April 1, 1995 (the “Original Management Agreement”) among the Owner, P.D. Gram & Co. A.S. (the “Original Manager”) and Barber Ship Management A.S. (the “Original Technical Advisor”) as modified by that certain Assignment and Assumption of Management and Remarketing Agreement dated as of March 31, 1999 whereby the Original Manager and the Original Technical Advisor assigned all of their rights, powers and interests and delegated all of their duties and obligations under the Original Management Agreement to the Manager, and as amended on June 28, 2001 (the Original Management Agreement as so modified and amended, and as the same may be further amended, supplemented
