EX-2.2 2 tv514633_ex2-2.htm EXHIBIT 2.2

Exhibit 2.2

 

March 7, 2019

 

Capital Product Partners L.P.

3, Iassonos Street,

18537 Piraeus, Greece

Attention: Gerasimos Kalogiratos

 

Reference is made to the Transaction Agreement (the “Agreement”), dated November 27, 2018, by and among DSS Holdings L.P., a limited partnership organized under the laws of the Cayman Islands (“Dispatch”), Capital Product Partners L.P., a Marshall Islands limited partnership (“Citadel”), and the other parties named therein. Capitalized terms used and not otherwise defined herein have the meanings set forth in the Agreement. As Section 11.06 of the Agreement permits the Parties to amend or waive provisions of the Agreement in writing:

 

1.       Each of Citadel and Dispatch hereby waives the obligation of the other Party under Paragraphs (e) and (f) of Exhibit D to the Agreement to deliver the updated Dispatch Illustrative Example and the updated SpinCo Illustrative Example, as applicable, to it by February 20, 2019.

 

2.       Pursuant to Section 4.01(c) of the Agreement, the Lockbox Date will be 11:59 p.m. local time on a date agreed to by Citadel and Dispatch. Citadel and Dispatch agree that such Lockbox Date is 11:59 p.m. local time on February 20, 2019.

 

3.       Pursuant to Paragraphs (e) and (f) of Exhibit D to the Agreement, each of Dispatch and Citadel is obligated to prepare and submit to the other Party the Dispatch Net Debt Statement and the Adjusted SpinCo Working Capital Statement, as applicable, within five Business Days following the Lockbox Date. Dispatch and Citadel agree that each of the Dispatch Net Debt Statement and the Adjusted SpinCo Working Capital Statement will be delivered to the applicable Party on or before March 1, 2019.

 

4.       Pursuant to Section 1.09(b) of the Agreement, Citadel is obligated to prepare and deliver to Dispatch the Estimated Lockbox Amount, together with reasonable documentary support, at least five Business Days prior to the Closing Date. Citadel and Dispatch agree that Citadel will prepare and deliver such Estimated Lockbox Amount to Dispatch, together with reasonable documentary support, on or before March 1, 2019.

 

5.       Pursuant to Paragraph (g) of Exhibit D to the Agreement, the Receiving Party has five Business Days following its receipt of a proposed statement from the Submitting Party to deliver an Objection Notice (such period, the “Statement Objection Period”). Dispatch and Citadel agree that the Statement Objection Period is hereby amended to begin on the Receiving Party’s receipt of the applicable proposed statement and to terminate on March 1, 2019.

 

 

 

 

6.       Pursuant to Paragraph (a)(2) of Exhibit E to the Agreement, each relevant Party will deliver to both Dispatch and Citadel a Shipmaster and Chief Engineer Certificate with respect to each of such Party’s Vessels on or before the Business Day following the Lockbox Date. Dispatch and Citadel agree that such Shipmaster and Chief Engineer Certificates will be delivered on or before February 25, 2019.

 

7.       Pursuant to Paragraph 9(a) of Exhibit J to the Agreement, each relevant Party will provide to the other Party an In-Progress Spot Voyages Statement within two Business Days following the Lockbox Date. Citadel and Dispatch agree that such In-Progress Spot Voyages Statements will be delivered on or before February 28, 2019.

 

8.       Dispatch and Citadel agree that Exhibit B to the Agreement is hereby amended and restated in its entirety as set forth on Annex I attached hereto.

 

9.       Dispatch and Citadel agree that Citadel will, or will cause SpinCo to, maintain books and records for the period beginning on the Lockbox Date and ending on the Closing Date which distinguish the SpinCo Assets, SpinCo Liabilities and SpinCo Business from the other assets, liabilities, properties and business of Citadel.

 

Except as otherwise provided and agreed to herein, all provisions of the Agreement will remain in full force and effect and the waivers granted hereunder will not constitute a waiver of any other rights of the Parties under the Agreement.

 

To the extent applicable, the provision of Article XI of the Agreement are hereby incorporated by reference. From and after the date of this letter agreement, any reference to the Agreement shall be deemed to mean the Agreement as amended hereby and as the same may be further amended, modified or supplemented in accordance with the terms thereof.

 

 

 

 

If you are in agreement with the foregoing, please return an executed copy of this letter agreement to my attention.

  

 

  Sincerely,  
       
  DSS HOLDINGS L.P.  
  By: DSS Holdings GP Limited, its General Partner
       
       
  By: /s/ Craig H. Stevenson Jr.  
  Name:  Craig H. Stevenson Jr.  
  Title:  President  

 

cc:
Jones Day
Sullivan & Cromwell LLP

 

 

 

 

Agreed and accepted as of the date written above:

 

  CAPITAL PRODUCT PARTNERS L.P.  
  By: Capital GP L.L.C., its General Partner  
       
  By:  /s/ Gerasimos Kalogiratos  
  Name:  Gerasimos Kalogiratos  
  Title:    Authorized Signatory  

 

 

 

 

Annex I

 

 

 

 

 

 

 

EXHIBIT B

 

DISPATCH VESSELS

 

Part 1: dispatch vessels

 

part 2: existing dispatch charters

 

Name Owner Charter Ship Manager IMO No. Flag Official No. Registry Date Type Keel Laid Date Delivery Date Ship-
builder		 Length (m) Breadth (m) Depth (m) Capacity (dwt) Gross Tonnage (ton)

Net Tonnage

(ton)

 Class Classifi-
cation Society
ATLANTIC BREEZE CVI Atlantic Breeze, LLC Spot Trading Diamond Anglo Ship Manage-
ment Pte Ltd.[1]		 9360336 HK HK-1964 2007-08-30 Oil/ Chemical Tanker 2007-
04-12		 2007-
08-30		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0762591 Korean Register of Shipping
ATLANTIC FRONTIER Heroic Gaea Inc. Spot Trading DASM 9332303 HK HK-2021 2007-12-17 Oil/ Chemical Tanker 2007-
08-13		 2007-
12-17		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0763139 Korean Register of Shipping
ATLANTIC GEMINI Heroic Uranus Inc. Spot Trading DASM 9332315 HK HK-2063 2008-01-10 Oil/ Chemical Tanker 2007-
09-10		 2008-
01-10		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0863289 Korean Register of Shipping
ATLANTIC STAR Heroic Hercules Inc. Spot Trading DASM 9337523 HK HK-2100 2008-03-25 Oil/ Chemical Tanker 2007-
11-22		 2008-
03-25		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0863837 Korean Register of Shipping
ATLANTIC GRACE Heroic Hera Inc. Spot Trading DASM 9337511 HK HK-2101 2008-02-25 Oil/ Chemical Tanker 2007-
10-26		 2008-
02-25		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0863644 Korean Register of Shipping
ALPINE MATHILDE Heroic Serena Inc. Spot Trading DASM 9380506 HK HK-2124 2008-04-01 Oil/ Chemical Tanker 2007-
12-10		 2008-
04-01		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0863977 Korean Register of Shipping
HIGH SATURN Heroic Rhea Inc. Spot Trading DASM 9366263 HK HK-2125 2008-04-10 Oil/ Chemical Tanker 2007-
12-20		 2008-
04-10		 STX Shipbuilding Co., Ltd. 175.380 32.200 19.100 51,528 29,733 13,661 0864102 Korean Register of Shipping
HIGH MARS Heroic Virgo Inc. Spot Trading DASM 9366275 HK HK-2131 2008-04-25 Oil/ Chemical Tanker 2008-
01-14		 2008-
04-25		 STX Shipbuilding Co., Ltd. 175.380 32.200 19.100 51,542 29,733 13,661 0864191 Korean Register of Shipping

 

 

 

1 Note: Hereinafter referred to as “DASM.”

 

 

 

 

Name Owner Charter Ship Manager IMO No. Flag Official No. Registry Date Type Keel Laid Date Delivery Date Ship-
builder		 Length (m) Breadth (m) Depth (m) Capacity (dwt) Gross Tonnage (ton)

Net Tonnage

(ton)

 Class Classifi-
cation Society
ATLANTIC AQUARIUS Heroic Aquarius Inc. Spot Trading Executive Ship
Manage-
ment Pte Ltd.[2]		 9381756 HK HK-2132 2008-05-02 Oil/ Chemical Tanker 2008-
01-04		 2008-
05-02		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,129 08176348 American Bureau of Shipping
ATLANTIC LEO Heroic Leo Inc. Spot Trading ESM 9381768 HK HK-2133 2008-06-04 Oil/ Chemical Tanker 2008-
01-31		 2008-
06-04		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,129 08176349 American Bureau of Shipping
ALPINE MADELEINE Heroic Avenir Inc. Spot Trading DASM 9380518 HK HK-2172 2008-07-10 Oil/ Chemical Tanker 2008-
03-13		 2008-
07-10		 Hyundai Mipo Dockyard Co. Ltd. 175,560 32.200 18.800 49,999 29,266 13,134 0864679 Korean Register of Shipping
HIGH MERCURY Heroic Pegasus Inc. Spot Trading DASM 9366287 HK HK-2173 2008-07-18 Oil/ Chemical Tanker 2008-
03-27		 2008-
07-18		 STX Offshore & Shipbuilding Co., Ltd. 175.380 32.200 19.100 51,502 29,733 13,661 0864744 Korean Register of Shipping
ATLANTIC LILY Heroic Libra Inc. Spot Trading DASM 9354894 HK HK-2196 2008-07-31 Oil/ Chemical Tanker 2008-
04-04		 2008-
07-31		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13.134 0864863 Korean Register of Shipping
ATLANTIC ROSE Heroic Sagittarius Inc. Spot Trading DASM 9354911 HK HK-2197 2008-09-11 Oil/ Chemical Tanker 2008-
05-19		 2008-
09-11		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0865093 Korean Register of Shipping
ATLANTIC OLIVE Heroic Pisces Inc. Spot Trading DASM 9354909 HK HK-2198 2008-08-13 Oil/ Chemical Tanker 2008-
04-04		 2008-
08-13		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0864877 Korean Register of Shipping
HIGH JUPITER Heroic Andromeda Inc. Spot Trading ESM 9366299 HK HK-2233 2008-10-15 Oil/ Chemical Tanker 2008-
6-11		 2008-
10-15		 STX Shipbuilding Co., Ltd. 175.380 32.200 19.100 51,528 29,733 13,661 0865176 Korean Register of Shipping
ALPINE MIA White Hydrangea Shipping S.A. Spot Trading DASM 9391426 HK HK-2269 2008-12-03 Oil/ Chemical Tanker 2008-
07-21		 2008-
12-03		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0865747 Korean Register of Shipping
ATLANTIC TITAN Heroic Scorpio Inc. Spot Trading DASM 9360324 HK HK-2282 2008-11-11 Oil/ Chemical Tanker 2008-
07-23		 2008-
11-11		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0865579 Korean Register of Shipping

 

 

 

 

2 Note: Hereinafter referred to as “ESM.”

 

 - 2 - 

 

 

Name Owner Charter Ship Manager IMO No. Flag Official No. Registry Date Type Keel Laid Date Delivery Date Ship-
builder		 Length (m) Breadth (m) Depth (m) Capacity (dwt) Gross Tonnage (ton)

Net Tonnage

(ton)

 Class Classifi-
cation Society
ALPINE MOMENT White Boxwood Shipping S.A. Spot Trading ESM 9391438 HK HK-2324 2009-01-30 Oil/ Chemical Tanker 2008-
09-08		 2009-
01-30		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0965883 Korean Register of Shipping
ATLANTIC MUSE Heroic Hydra Inc. HMM TC until Feb 2019 +/- 30d Fleet Manage-
ment Limited[3]		 9374301 HK HK-2353 2009-02-26 Oil/ Chemical Tanker 2008-
11-10		 2009-
02-26		 STX Shipbuilding Co., Ltd. 175.380 32.200 19.100 51,000 29,733 13,661 0966344 Korean Register of Shipping
ATLANTIC POLARIS Heroic Hologium Inc. Spot Trading DASM 9392779 HK HK-2359 2009-03-11 Oil/ Chemical Tanker 2008-
11-11		 2009-
03-16		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13.129 09177575 American Bureau of Shipping
AEGEAN WAVE Heroic Tucana Inc. Spot Trading Executive Shipping Services (HK) Ltd.[4] 9387920 HK HK-2424 2009-08-11 Oil/ Chemical Tanker 2009-
04-07		 2009-
08-11		 STX Offshore & Shipbuilding Co., Ltd. 175.380 32.200 19.100 51,510 29,733 13,661 0967531 Korean Register of Shipping
ADRIATIC WAVE Heroic Scutum Inc. Spot Trading ESM 9387918 HK HK-2425 2009-7-29 Oil/ Chemical Tanker 2009-
04-07		 2009-
07-29		 STX Offshore & Shipbuild-ing Co., Ltd. 175.380 32.200 19.100 51,549 29,733 13,661 0967455 Korean Register of Shipping
ATLANTIC MIRAGE Heroic Octans Inc. HMM TC until Jul 2019 +/- 30d FM 9387138 HK HK-2447 2009-07-20 Oil/ Chemical Tanker 2009-
03-28		 2009-
07-20		 STX Offshore & Shipbuilding Co., Ltd. 175.380 32.300 19.100 51,476 29,733 13,661 0967356 Korean Register of Shipping
PACIFIC JEWEL Heroic Auriga Inc.

HMM TC

until Jul 2019 +/- 30d)

 FM 9413779 HK HK-2448 2009-07-14 Oil Tanker 2008-
10-03		 2009-
07-14		 Iwagi Zosen Co., Ltd. 173.470 32.200 19.050 48,012 28,754 12,610 0967239 Korean Register of Shipping
ATLANTIC PISCES Heroic Lyra Inc. Spot Trading DASM 9392781 HK HK-2462 2009-07-20 Oil/ Chemical Tanker 2009-
03-13		 2009-
07-20		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,129 09177576 American Bureau of Shipping
ALPINE MYSTERY Heroic Perseus Inc. Maersk Tankers 3+3+4m. Dely. Oct 2018 ESM 9392808 HK HK-2477 2009-09-15 Oil/ Chemical Tanker 2009-
05-18		 2009-
09-15		 Hyundai Mipo Dockyard Co. Ltd. 175.560 32.200 18.800 49,999 29,266 13,134 0967777 Korean Register of Shipping
ALPINE MELINA Heroic Equuleus Inc. Spot Trading DASM 9387944 HK HK-2668 2010-03-24 Oil/ Chemical Tanker 2009-
05-15		 2010-
03-24		 STX Offshore & Shipbuilding Co., Ltd. 175.380 32.200 19.100 51,483 29,733 13,661 1069286 Korean Register of Shipping

 

 

 

3 Note: Hereinafter referred to as “FM.”

 

4 Note: Hereinafter referred to as “ESM HK.”

 

 - 3 - 

 

 

Name Owner Charter Ship Manager IMO No. Flag Official No. Registry Date Type Keel Laid Date Delivery Date Ship-
builder		 Length (m) Breadth (m) Depth (m) Capacity (dwt) Gross Tonnage (ton)

Net Tonnage

(ton)

 Class Classifi-
cation Society
ALPINE MAYA Heroic Corona Borealis Inc. Spot Trading DASM 9387932 HK HK-2669 2010-03-18 Oil/ Chemical Tanker 2009-
05-08		 2010-
03-18		 STX Offshore & Shipbuilding Co., Ltd. 175.380 32.200 19.100 51,501 29,733 13,661 1069277 Korean Register of Shipping
SAN SABA DSS 1 LLC ST Shipping 50-120d. Dely. Oct 2018. DASM 9593426 MI 4027 2012-12-11 Oil Tanker 2011-
12-30		 2012-
06-05		 Hyundai Heavy Industries Co., Ltd. 265.16 48.00 23.10 159,018 81,346 52,264 12224230 American Bureau of Shipping
RIO GRANDE DSS 2 LLC ST Shipping 50-120d. Dely. Oct 2018. DASM 9593438 MI 4028 2012-12-11 Oil Tanker 2011-
12-30		 2012-
07-03		 Hyundai Heavy Industries Co., Ltd. 265.16 48.00 23.10 159,056 81,346 52,264 12224231 American Bureau of Shipping
RED DSS 5 LLC Trafigura 60-120d. Dely. Sep 2018. DASM 9596973 MI 4029 2013-04-18 Oil Tanker 2011-
12-21		 2012-
10-04		 Hyundai Heavy Industries Co., Ltd. 265.16 48.00 23.10 159,068 81,346 52,264 12225145 American Bureau of Shipping
FRIO DSS 6 LLC Trafigura 40-90d. Dely. Oct 2018. DASM 9596985 MI 4030 2013-07-01 Oil Tanker 2011-
12-30		 2012-
12-04		 Hyundai Heavy Industries Co., Ltd. 265.16 48.00 23.10 159,000 81,346 52,264 12225146 American Bureau of Shipping
BRAZOS DSS A LLC Trafigura 60-120d. Dely. Oct 2018. DASM 9594731 MI 4031 2012-09-10 Oil Tanker 2011-
08-09		 2012-
01-03		 Samsung Heavy Industries Co., Ltd. 265.30 48.00 23.20 158,537 81,341 51,270 12224225 American Bureau of Shipping
PECOS DSS B LLC

P66

90-180d. Dely. Jun 2018.

 DASM 9594743 MI 4032 2012-08-27 Oil Tanker 2011-
11-24		 2012-
04-18		 Samsung Heavy Industries Co., Ltd. 265.30 48.00 23.20 158,465 81,341 51,270 12224226 American Bureau of Shipping
SABINE DSS C LLC Spot Trading DASM 9594755 MI 4033 2012-12-27 Oil Tanker 2011-
12-07		 2012-
07-02		 Samsung Heavy Industries Co., Ltd. 265.30 48.00 23.20 158,493 81,341 51,270 12224227 American Bureau of Shipping
COLORADO DSS D LLC Trafigura 60-120d. Dely. Oct 2018. DASM 9594767 MI 4034 2013-04-05 Oil Tanker 2011-
12-27		 2012-
11-09		 Samsung Heavy Industries Co., Ltd. 265.30 48.00 23.20 158,615 81,341 51,270 12224228 American Bureau of Shipping
TRINITY DSS 7 LLC Spot Trading DASM 9730361 MI 6699 2016-10-10 Oil Tanker 2015-
10-12		 2016-
03-29		 Hyundai Samho Heavy Industries 263.60 48.00 23.10 158,734 81,360 52,239 16256880 American Bureau of Shipping

 

 - 4 - 

 

 

Name Owner Charter Ship Manager IMO No. Flag Official No. Registry Date Type Keel Laid Date Delivery Date Ship-
builder		 Length (m) Breadth (m) Depth (m) Capacity (dwt) Gross Tonnage (ton)

Net Tonnage

(ton)

 Class Classifi-
cation Society
SAN JACINTO DSS 8 LLC Trafigura 60-120d. Dely. Sep 2018. DASM 9730373 MI 6700 2016-10-12 Oil Tanker 2015-
12-18		 2016-
06-22		 Hyundai Samho Heavy Industries 263.60 48.00 23.10 158,658 81,360 52,239 16256881 American Bureau of Shipping
LOIRE NT Suez One LLC Spot Trading DASM 9761516 MI 6701 2017-07-07 Oil Tanker 2015-
12-22		 2016-
10-14		 New Times Shipbuilding Co., Ltd. 270.54 47.99 23.20 157,463 82,515 52,092 16270362 American Bureau of Shipping
NAMSEN NT Suez Two LLC Spot Trading DASM 9761528 MI 6702 2017-07-05 Oil Tanker 2015-
12-22		 2016-
11-18		 New Times Shipbuilding Co., Ltd. 270.54 48.00 23.20 157,542 82,515 52,097 16270568 American Bureau of Shipping
CITRON CVI Citron, LLC Spot Trading DASM 9380362 HK HK-4672 2016-09-12 Oil/ Chemical Tanker 2007-
07-16		 2007-
11-19		 Hyundai Mipo Dockyard Co. Ltd. 175.550 32.200 18.800 49,999 29,295 13,205 07268967 American Bureau of Shipping
CITRUS DSS Citrus LLC Spot Trading DASM 9380374 MI 7596 2018-07-04 Oil/ Chemical Tanker 2008-
01-31		 2008-
06-02		 Hyundai Mipo Dockyard Co. Ltd. 175.55 32.20 18.80 49,999 29,295 13,205 08268968 American Bureau of Shipping

  

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