Form of Term C Note



 Exhibit 10.39 
  
 TERM C NOTE 
  
 New York, New York 
 [Date] 
  
 FOR VALUE RECEIVED, the undersigned, CONSTAR INTERNATIONAL INC., a Delaware
corporation (the “Borrower”), hereby unconditionally promises to pay to the order of [Lender] (the “Lender”), at the office of [Lender] at [Address], on the Term C Loan Maturity Date (terms used without definition
shall have the meanings assigned to such terms in that certain Amended and Restated Credit Agreement dated as of December 23, 2003 (as amended, modified, extended or restated from time to time, the “Credit Agreement”), among the
Borrower, the Lenders parties thereto, Citicorp North America, Inc., as Administrative Agent, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. (“DBSI”), as Joint Lead Arrangers, JPMorgan Chase Bank, as Documentation
Agent, SunTrust Bank, as Co-Documentation Agent and DBSI, as Syndication Agent, the aggregate unpaid principal amount of all Term C Loans made by the Lender to the Borrower pursuant to Section 2.01 of the Credit Agreement, such payment or payments
to be in immediately available funds in Dollars, and to pay interest from the date hereof on such principal amount from time to time outstanding, in like funds, at said office, at a rate or rates per annum and payable on such dates as are determined
pursuant to the Credit Agreement. 
  
 The Borrower promises to pay
interest, on demand, on any overdue principal of and, to the extent permitted by law, overdue interest on the Loans from their due dates at a rate or rates determined as set forth in the Credit Agreement. 
  
 The Borrower hereby waives diligence, presentment, demand, protest and notice
of any kind whatsoever. The nonexercise by the holder of any of its rights hereunder in any particular instance shall not constitute a waiver thereof in that or any subsequent instance. 
  
 All Loans evidenced by this Note and all payments and prepayments of the principal hereof and interest hereon (including the
currencies in which such payments, prepayments and interest are denominated) and the respective dates thereof shall be endorsed by the holder hereof on the schedule attached hereto and made a part hereof, or on a continuation thereof which shall be
attached hereto and made a part hereof, or otherwise recorded by such holder in its internal records; provided, however, that any failure of the holder hereof to make such a notation or any error in such notation shall not in any
manner affect the obligation of the Borrower to make payments of principal and interest in accordance with the terms of this Note and the Credit Agreement. 
  
 This Note evidences Loans referred to in the Credit Agreement which, among other things, contains provisions for the acceleration of the maturity hereof
upon the happening of certain events, for optional and mandatory prepayment of the principal hereof prior to the maturity hereof and for the amendment or waiver of certain provisions of the Credit Agreement, all upon the terms and conditions therein
specified. This Note is entitled to the benefit of the Credit Agreement, including the guarantees thereunder. THIS NOTE SHALL BE CONSTRUED IN 








 
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
  

			
	 CONSTAR INTERNATIONAL INC.

		
	 By:
  
	 	

	 	 	 Name:

	 	 	 Title:



  

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 Loans and Payments 
  

											
	 Amount and
 Type of
Loan

	 	 Maturity Date

	 	 Payments

	 	 Unpaid Principal
Balance of Note

	 	 Name of Person
 Making Notation


	 	 	 Principal

	 	 Interest