Document:

ex4-19.htm

     

    Exhibit
4.19

     

    
       

      Date                           
 2009

      

      

      

      CAPITAL
PRODUCT PARTNERS L.P.

      as
Borrower

      

      - and
-

      

      THE
BANKS AND FINANCIAL INSTITUTIONS

      listed
in Schedule 1

      as
Lenders

      

      - and
-

      

      HSH
NORDBANK AG

      as
Mandated Lead Arranger, Facility Agent and Security Trustee

      

      

      - and
-

      

      

      HSH
NORDBANK AG

      as
Bookrunner

      

      

      - and
-

      

      

      HSH
NORDBANK AG

      as Swap
Bank

      

      

      - and
-

      

      DNB
NOR BANK ASA

      as
co-Arranger

      
 

       

      
        
          

        

      

      

      FIRST
SUPPLEMENTAL AGREEMENT

      
         

        
          
            

          

        

      

      

      in
relation to a Loan Agreement dated 19 March 2008

      in
respect of revolving credit and term loan facilities

      of
(originally) US$350,000,000 in aggregate

       

       

      WATSON, FARLEY & WILLIAMS

      Piraeus

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      INDEX

      

      
         

        
          	 	 Page
	 	 

        

        

      

      
        	
                1

              	
                INTERPRETATION

              	
                2

              
	 	 	 
	
                2

              	
                AGREEMENT
      OF THE CREDITOR PARTIES

              	
                2

              
	 	 	 
	
                3

              	
                CONDITIONS
      PRECEDENT

              	
                3

              
	 	 	 
	
                4

              	
                REPRESENTATIONS
      AND WARRANTIES

              	
                3

              
	 	 	 
	
                5

              	
                AMENDMENTS
      TO LOAN AGREEMENT AND OTHER FINANCE DOCUMENTS

              	
                4

              
	 	 	 
	
                6

              	
                FURTHER
      ASSURANCES

              	
                6

              
	 	 	 
	
                7

              	
                FEES
      AND EXPENSES

              	
                6

              
	 	 	 
	
                8

              	
                COMMUNICATIONS

              	
                6

              
	 	 	 
	
                9

              	
                SUPPLEMENTAL

              	
                6

              
	 	 	 
	
                10

              	
                LAW
      AND JURISDICTION

              	
                7

              
	 	 	 
	
                SCHEDULE
      LENDERS

              	
                8

              
	 	 
	
                EXECUTION
      PAGES

              	
                9

              

      

      

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      

      THIS AGREEMENT is made
on                              2009

      

      BETWEEN

      

      
        	
                (1)

              	
                CAPITAL PRODUCT PARTNERS
      L.P.  as Borrower;

              

      

       

      
        	
                (2)

              	
                THE BANKS AND FINANCIAL
      INSTITUTIONS  listed in Schedule 1 herein, as Lenders;

              

      

       

      
        	
                (3)

              	
                HSH NORDBANK AG, acting
      through its office at Gerhart-Hauptmann-Platz 50,
      D-20095 Hamburg, Germany as Mandated Lead
      Arranger;

              

      

       

      
        	
                (4)

              	
                HSH NORDBANK AG, acting
      through its office at Gerhart-Hauptmann-Platz 50,
      D-20095 Hamburg, Germany as Facility
      Agent;

              

      

       

      
        	
                (5)

              	
                HSH NORDBANK AG, acting
      through its office at Gerhart-Hauptmann-Platz 50,
      D-20095 Hamburg, Germany, as Security
      Trustee;

              

      

       

      
        	
                (6)

              	
                HSH NORDBANK AG, acting
      through its office at Gerhart-Hauptmann-Platz 50,
      D-20095 Hamburg, Germany, as Bookrunner;

              

      

       

      
        	
                (7)

              	
                HSH NORDBANK
      AG, acting
      through its office at Martensdamm 6, D-24103 Kiel,
      Germany as Swap
      Bank; and

              

      

       

      
        	
                (8)

              	
                DnB NOR BANK
      ASA, acting through its office at 20 St. Dunstan’s Hill, London
      EC3R 8HY, England as
      Co-Arranger.

              

      

       

      BACKGROUND

       

      
        	
                (A)

              	
                By
      a loan agreement dated 19 March 2008 (the “Loan Agreement”) and
      made between (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead
      Arranger, (iv) the Facility Agent, (v) the Security Trustee, (vi) the
      Bookrunner, (vii) the Swap Bank and (viii) the Co-Arranger, the Lenders
      agreed to make available to the Borrower revolving credit and term loan
      facilities in an amount of (originally) US$350,000,000 in aggregate of
      which an amount of US$107,500,000 is outstanding by way of principal on
      the date hereof.

              

      

       

      
        	
                (B)

              	
                The
      Borrower has requested that the Lenders give their
  consent:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                for
      the Market Value of a Ship or a Fleet Vessel, which at the relevant time
      is subject to an Approved Charter to be calculated for the purposes of
      clause 15.4 of the Loan Agreement by taking into account the value of such
      Approved Charter during the period commencing on 30 June 2009 and ending
      on 30 June 2012 (the “Adjustment Period”);
      and

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                the
      increase of the ratio of Total Indebtedness less cash and cash equivalents
      to the aggregate of Market Value of all Fleet Vessels during the
      Adjustment Period.

              

      

       

      
        	
                (C)

              	
                The
      Lenders’ consent to the Borrower’s requests referred to in Recital (B) are
      subject to the following
conditions:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                the
      Margin increasing to either 1.35 or 1.45 per cent. per annum during the
      Adjustment Period; and

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                if
      at any time during the Adjustment Period, the rating of any Approved
      Charterer of a Ship or a Fleet Vessel subject to an Approved Charter at
      the relevant time falls below Aa2 (in the case of Moody’s) and/or AA (in
      the case of Fitch or S&P) (so long as at least two of the three
      ratings agencies reduce their ratings below the levels referred to above),
      the Market Value of that Ship or a Fleet Vessel shall be calculated free
      of that Approved Charter.

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        	
                (D)

              	
                This
      Agreement sets out the terms and conditions on which the Creditor Parties
      agree, with effect on and from the Effective Date, to amend the Loan
      Agreement.

              

      

       

      IT IS AGREED as
follows:

      

      
        	
                1

              	
                INTERPRETATION

              

      

       

      
        	
                1.1

              	
                Defined
      expressions.  Words and expressions defined in the Loan
      Agreement and the other Finance Documents shall have the same meanings
      when used in this Agreement unless the context otherwise
      requires.

              

      

       

      
        	
                1.2

              	
                Definitions.  In
      this Agreement, unless the contrary intention
  appears:

              

      

       

      “Adjustment Period” has the
meaning given in Recital B(i);

       

      “Approved Charter” means, in
relation to a Ship or a Fleet Vessel, a charterparty or other contract of
employment in respect of that Ship or Fleet Vessel having an unexpired duration
of at least 3 months entered into by the Owner of the Ship (or the applicable
member of the Group in the case of a Fleet Vessel) with an Approved
Charterer;

       

      “Approved Charterer” means BP
Shipping Limited or a charterer acceptable to the Facility Agent (acting
reasonably and on the instructions of the Majority Lenders) which is an oil
major equivalent to BP plc (the parent company of BP Shipping Limited) and which
is rated not less than Aa2 by Moody’s or AA by Fitch or S&P;

       

      “Effective Date” means the date
on which the conditions precedent in Clause 3 are satisfied;

      

      “Fitch” means Fitch Ratings and
includes its successors;

      

      “Loan Agreement” means the loan
agreement dated 19 March 2008 (as amended and supplemented from time to time)
referred to in Recital (A);

      

      “Moody’s” means Moody’s
Investor Services Inc. and includes its successors;

      

      “Mortgage Addendum” means, in
respect of each Mortgage, an addendum thereto executed or to be executed by the
relevant Owner in favour of the Security Trustee in such form as the Facility
Agent may approve or require and, in the plural, means all of them;
and

      

      “S&P” means Standard &
Poor’s and includes its successors.

      

      
        	
                1.3

              	
                Application of construction and
      interpretation provisions of Loan Agreement.  Clauses 1.2
      and 1.5 of the Loan Agreement apply, with any necessary modifications, to
      this Agreement.

              

      

       

      
        	
                2

              	
                AGREEMENT
      OF THE CREDITOR PARTIES

              

      

       

      
        	
                2.1

              	
                Agreement of the
      Lenders.  The Lenders agree, subject to and upon the
      terms and conditions of this
Agreement:

              

      

       

      
        	
                (a)

              	
                to
      calculate during the Adjustment Period the market value of a Ship or a
      Fleet Vessel which at the relevant time is subject to an Approved Charter
      by taking into account the Approved Charter applicable thereto;
      and

              

      

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

      
        	
                (b)

              	
                to
      the increase of the ratio of Total Indebtedness less cash and cash
      equivalents to the aggregate of Market Value of all Fleet Vessels from
      0.725:1 to 0.80:1.

              

      

       

      
        	
                2.2

              	
                Agreement of the Creditor
      Parties.  The Creditor Parties agree, subject to and upon
      the terms and conditions of this Agreement, to the consequential amendment
      of the Loan Agreement and the other Finance Documents in connection with
      the matters referred to in Clause
2.1.

              

      

       

      
        	
                2.3

              	
                Effective Date. The
      agreement of the Lenders and the other Creditor Parties contained in
      Clauses 2.1 and 2.2 shall have effect on and from the Effective
      Date.

              

      

       

      
        	
                3

              	
                CONDITIONS
      PRECEDENT

              

      

       

      
        	
                3.1

              	
                General.  The
      agreement of the Lenders and the other Creditor Parties contained in
      Clauses 2.1 and 2.2 is subject to the fulfilment of the conditions
      precedent in Clause 3.2.

              

      

       

      
        	
                3.2

              	
                Conditions
      precedent.  The conditions referred to in Clause 3.1 are
      that the Facility Agent shall have received the following documents and
      evidence in all respects in form and substance satisfactory to the
      Facility Agent and its lawyers on or before the Effective
      Date:

              

      

       

      
        	
                (a)

              	
                documents
      of the kind specified in paragraphs 3, 4 and 5 of Schedule 3, Part A to
      the Loan Agreement in relation to the Borrower and each Owner in
      connection with their execution of this Agreement and the Mortgage
      Addenda, updated with appropriate modifications to refer to this
      Agreement;

              

      

       

      
        	
                (b)

              	
                an
      original of this Agreement duly executed by the parties to it and
      counter-signed by each of the
Owners;

              

      

       

      
        	
                (c)

              	
                receipt
      of an original of each Mortgage Addendum duly signed by the relevant Owner
      and evidence satisfactory to the Facility Agent and its lawyers that the
      same has been registered as a valid addendum to the applicable Mortgage in
      accordance with the laws of the applicable Approved Flag
      State;

              

      

       

      
        	
                (d)

              	
                in
      relation to each Ship and each Fleet Vessel subject to an Approved
      Charter, a copy of the Approved Charter applicable thereto duly executed
      by the parties thereto and evidence satisfactory to the Facility Agent and
      its lawyers that the relevant Ship or Fleet Vessel is operating under that
      Approved Charter;

              

      

       

      
        	
                (e)

              	
                favourable
      opinions from lawyers appointed by the Facility Agent on such matters
      concerning the laws of the Approved Flag State(s) on which the Ships are
      registered and such other relevant jurisdictions as the Facility Agent may
      require;

              

      

       

      
        	
                (f)

              	
                evidence
      that the fees specified in Clause 7.1 have been received in full by
      the Facility Agent; and

              

      

       

      
        	
                (g)

              	
                any
      other document or evidence as the Facility Agent may request in writing
      from the Borrower.

              

      

       

      
        	
                4

              	
                REPRESENTATIONS
      AND WARRANTIES

              

      

       

      
        	
                4.1

              	
                Repetition of Loan Agreement
      representations and warranties.  The Borrower represents
      and warrants to the Creditor Parties that the representations and
      warranties in clause 10 of the Loan Agreement remain true and not
      misleading if repeated on the date of this
  Agreement.

              

      

       

      
        	
                4.2

              	
                Repetition of Finance Document
      representations and warranties.  The Borrower and each of
      the other Security Parties represents and warrants to the Creditor Parties
      that the representations and warranties in the Finance Documents (other
      than the Loan Agreement) to which it is a party remain true and not
      misleading if repeated on the date of this
  Agreement.

              

      

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

       

      
        	
                5

              	
                AMENDMENTS
      TO LOAN AGREEMENT AND OTHER FINANCE
DOCUMENTS

              

      

       

      
        	
                5.1

              	
                Specific amendments to Loan
      Agreement.  With effect on and from the Effective Date
      the Loan Agreement shall be amended as
follows:

              

      

       

      
        	
                (a)

              	
                by
      adding the following definition in Clause 1.1
  thereof:

              

      

       

      ““Adjustment Period” means the
period commencing on 30 June 2009 and ending on 30 June 2012;”;

       

      
        	
                (b)

              	
                by
      adding in Clause 1.1 thereof the definitions of “Approved Charter”,
      “Approved Charterer”, “Moody’s”, “S&P”, “Fitch” and “Mortgage
      Addendum” set out in Clause 1.2 of this
  Agreement;

              

      

       

      
        	
                (c)

              	
                by
      adding in the definition of “Approved Broker” in Clause 1.1 thereof before the words “and
      Barry Rogliano Salles” the
following:

              

      

       

      “Arrow
Sale & Purchase (UK) Ltd., Fearnleys AS, Oslo, Pareto Shipbrokers AS,
Simpson Spence & Young, London,”;

       

      
        	
                (d)

              	
                by
      deleting the definition of “Margin” in Clause 1.1 thereof in its entirety
      and substituting the same with the
following:

              

      

       

      ““Margin” means:

       

      
        	
                 
      

              	
                (a)

              	
                during
      the period starting on 22 March 2007 and ending on 29 June 2009, subject
      to Clause 5.14, 1.10, per cent. per
annum;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                during
      the period starting on 30 June 2009 and ending on 23 March
      2013:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                at
      any time when (A) the ratio of Total Indebtedness less cash and cash
      equivalents to the aggregate Market Value of all Fleet Vessels is up to
      (and including) 70 per cent. and (B) the Security Cover Ratio is at least
      143 per cent., 1.35 per cent. per annum;
and

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                at
      any time when either (A) the ratio of Total Indebtedness less cash and
      cash equivalents to the aggregate Market Value of all Fleet Vessels is
      more than 70 per cent. and up to (and including) 80 per cent. or (B) the
      Security Cover Ratio is more than 125 per cent. but less than 143 per
      cent., 1.45 per cent. per annum;
and

              

      

       

      
        	
                 
      

              	
                (c)

              	
                at
      all other times thereafter, a rate to be agreed in writing between the
      Facility Agent, the Lenders and the Borrower in accordance with Clause
      5.14;”;

              

      

       

      
        	
                (e)

              	
                by
      deleting paragraph (a) of Clause 12.5 thereof in its entirety and by
      replacing it with the following:

              

      

       

      
        	
                 
      

              	
                “(a)

              	
                the
      ratio of Total Indebtedness less cash and cash equivalents to the
      aggregate Market Value of all the Fleet Vessels shall not
      exceed:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                during
      the Adjustment Period, 0.80:1; and

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                at
      all other times thereafter,
0.725:1;”

              

      

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

       

      
        	
                (f)

              	
                by
      deleting paragraph (d) of clause 15.4 thereof in its entirety and by
      replacing it with the following:

              

      

       

      
        	
                 
      

              	
                “(d)

              	
                on
      the basis of a sale for prompt delivery for cash on normal arm’s length
      commercial terms as between a willing seller and a willing
      buyer:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                free
      of any existing charter or contract of
  employment:

              

      

       

      
        	
                 
      

              	
                (A)

              	
                for
      the purpose of determining the amount of any Advance which may during the
      Adjustment Period be drawn under Tranche B or Tranche C or any other
      Advance which may be reborrowed pursuant to the terms of this
      Agreement;

              

      

       

      
        	
                 
      

              	
                (B)

              	
                for
      the purpose of determining the aggregate Market Value of all Ships then
      subject to a Mortgage for any Advance to be drawn during the Adjustment
      Period pursuant to the terms of this Agreement;
  and

              

      

       

      
        	
                 
      

              	
                (C)

              	
                at
      all times other than during the Adjustment Period;
  or

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                inclusive
      of any Approved Charter during the Adjustment Period for the purpose of
      calculating the financial covenant set out in Clause 12.5(a);”;
      and

              

      

       

      
        	
                (g)

              	
                by
      adding a “hanging” paragraph at the end of clause 15.4 thereof as
      follows:

              

      

       

      “If
during the Adjustment Period:

       

      
        	
                 
      

              	
                (a)

              	
                Moody’s
      adjusts its rating of any Approved Charterer to below Aa2 and at least one
      of Fitch’s or S&P adjusts its rating of the same Approved Charterer to
      below AA; or

              

      

       

      
        	
                 
      

              	
                (b)

              	
                both
      Fitch’s and S&P adjust their rating of any Approved Charterer to below
      AA,

              

      

       

      the
Market Value of the Ship or Fleet Vessel then subject to an Approved Charter
shall be calculated free of that Approved Charter ”.

       

      
        	
                5.2

              	
                Amendments to Finance
      Documents.  With effect on and from the Effective Date
      each of the Finance Documents other than the Loan Agreement shall be, and
      shall be deemed by this Agreement to have been, amended as
      follows:

              

      

       

      
        	
                (a)

              	
                the
      definition of, and references throughout each of the Finance Documents to,
      the Loan Agreement and any of the other Finance Documents shall be
      construed as if the same referred to the Loan Agreement and those Finance
      Documents as amended and supplemented by this
  Agreement;

              

      

       

      
        	
                (b)

              	
                by
      construing all references in the Loan Agreement and in the Finance
      Documents to a “Mortgage” as references to that Mortgage as amended and
      supplemented by the Mortgage Addendum applicable thereto;
    and

              

      

       

      
        	
                (c)

              	
                by
      construing references throughout each of the Finance Documents to “this
      Agreement”, “this Deed”, hereunder and other like expressions as if the
      same referred to such Finance Documents as amended and supplemented by
      this Agreement.

              

      

       

      
        	
                5.3

              	
                Finance Documents to remain in
      full force and effect.  The Finance Documents shall
      remain in full force and effect as amended and supplemented
      by:

              

      

       

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

       

      
        	
                (a)

              	
                the
      amendments to the Finance Documents contained or referred to in Clauses
      5.1 and 5.2; and

              

      

       

      
        	
                (b)

              	
                such
      further or consequential modifications as may be necessary to give full
      effect to the terms of this
Agreement.

              

      

       

      
        	
                6

              	
                FURTHER
      ASSURANCES

              

      

       

      
        	
                6.1

              	
                Borrower’s and each Security
      Party’s obligation to execute further documents etc. The Borrower
      and each Security Party shall:

              

      

       

      
        	
                (a)

              	
                execute
      and deliver to the Security Trustee (or as it may direct) any assignment,
      mortgage, power of attorney, proxy or other document, governed by the law
      of England or such other country as the Security Trustee may, in any
      particular case, specify;

              

      

       

      
        	
                (b)

              	
                effect
      any registration or notarisation, give any notice or take any other
      step,

              

      

       

      
        	
                 
      

              	
                which
      the Facility Agent may, by notice to the Borrower, specify for any of the
      purposes described in Clause 6.2 or for any similar or related
      purpose.

              

      

      

      
        	
                6.2

              	
                Purposes of further
      assurances.  Those purposes
  are:

              

      

       

      
        	
                (a)

              	
                validly
      and effectively to create any Security Interest or right of any kind which
      the Security Trustee intended should be created by or pursuant to the Loan
      Agreement or any other Finance Document, each as amended and supplemented
      by this Agreement, and

              

      

       

      
        	
                (b)

              	
                implementing
      the terms and provisions of this
Agreement.

              

      

       

      
        	
                6.3

              	
                Terms of further
      assurances.  The Security Trustee may specify the terms
      of any document to be executed by the Borrower or any Security Party under
      Clause 6.1, and those terms may include any covenants, powers and
      provisions which the Security Trustee considers appropriate to protect its
      interests.

              

      

       

      
        	
                6.4

              	
                Obligation to comply with
      notice.  The Borrower or any Security Party shall comply
      with a notice under Clause 6.1 by the date specified in the
      notice.

              

      

       

      
        	
                7

              	
                FEES
      AND EXPENSES

              

      

       

      
        	
                7.1

              	
                Fee.  On the
      date of this Agreement the Borrower shall pay to the Facility Agent for
      the account of the Lenders, a non-refundable amendment fee of $107,500,
      which shall be distributed by the Facility Agent to each of the Lenders
      pro rata to their Commitments.

              

      

       

      
        	
                7.2

              	
                Expenses.  The
      provisions of clause 20 (fees and expenses) of the Loan Agreement shall
      apply to this Agreement as if they were expressly incorporated in this
      Agreement with any necessary
modifications.

              

      

       

      
        	
                8

              	
                COMMUNICATIONS

              

      

       

      
        	
                (a)

              	
                General.  The
      provisions of clause 28 (notices) of the Loan Agreement, as amended and
      supplemented by this Agreement, shall apply to this Agreement as if they
      were expressly incorporated in this Agreement with any necessary
      modifications.

              

      

       

      
        	
                9

              	
                SUPPLEMENTAL

              

      

       

      
        	
                9.1

              	
                Counterparts.  This
      Agreement may be executed in any number of
  counterparts.

              

      

       

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

       

      
        	
                9.2

              	
                Third Party
      rights.  A person who is not a party to this Agreement
      has no right under the Contracts (Rights of Third Parties) Act 1999 to
      enforce or to enjoy the benefit of any term of this
    Agreement.

              

      

       

      
        	
                10

              	
                LAW
      AND JURISDICTION

              

      

       

      
        	
                10.1

              	
                Governing
      law.  This Agreement shall be governed by and construed
      in accordance with English law.

              

      

       

      
        	
                10.2

              	
                Incorporation of the Loan
      Agreement provisions.  The provisions of clause 30 (law
      and jurisdiction) of the Loan Agreement, as amended and supplemented by
      this Agreement, shall apply to this Agreement as if they were expressly
      incorporated in this Agreement with any necessary
      modifications.

              

      

       

      

      THIS AGREEMENT has been duly
executed as a Deed on the date stated at the beginning of this
Agreement.

       

       

       

       

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

       

      
        SCHEDULE

        

         

        LENDERS

        

        

        
          	
                  Lender

                	
                  Lending
      Office

                	 
      
	
                   

                  HSH
      Nordbank AG

                   

                	
                   

                  Gerhart-Hauptmann-Platz
      50

                  20095
      Hamburg

                  Germany

                   

                  Fax
      No: +49 40 33 33 34118

                   

                	 
      
	
                   

                  Alpha
      Bank A.E.

                	
                   

                  Akti
      Miaouli 89

                  185
      38 Piraeus

                  Greece

                   

                  Fax
      No: +30 210 429 0348

                   

                	 
      
	
                   

                  DnB
      NOR Bank ASA

                	
                   

                  20
      St. Dunstan’s Hill

                  London
      EC3R 8HY

                  England

                   

                  Fax
      No: 0044 207 626 5356

                   

                	 
      
	
                   

                  National
      Bank of Greece S.A.

                   

                	
                   

                  Bouboulinas
      2 &

                     Akti
      Miaouli

                  185
      35 Piraeus

                   

                  Fax
      No: +30 210 414 4120

                   

                	 
      
	
                   

                  Piraeus
      Bank A.E.

                   

                	
                   

                  47-49
      Akti Miaouli

                  185
      36 Piraeus

                   

                  Fax
      No: +30 210 429 2669

                	 
      

        

        
 

         

        
          
            
            

          

          
            8

            
              

            

          

          
            
            

          

        

         

         

        
          EXECUTION
PAGES

           

          BORROWER

          

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    CAPITAL
      PRODUCT PARTNERS L.P.

                  	
                    )

                  

          

          

          

          LENDERS

          

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    HSH
      NORDBANK AG

                  	
                    )

                  

          

          

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    ALPHA
      BANK A.E.

                  	
                    )

                  

          

          

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    DNB
      NOR BANK ASA

                  	
                    )

                  

          

          

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    NATIONAL
      BANK OF GREECE S.A.

                  	
                    )

                  

          

          

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    PIRAEUS
      BANK A.E.

                  	
                    )

                  

          

          

          

          

          SWAP
BANK

          

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    HSH
      NORDBANK AG

                  	
                    )

                  

          

          

          

          

          BOOKRUNNER

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    HSH NORDBANK
      AG

                  	
                    )

                  

          

           

           

          
            
              
              

            

            
              9

              
                

              

            

            
              
              

            

          

           

          

          MANDATED
LEAD ARRANGER

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    HSH NORDBANK
      AG

                  	
                    )

                  

          

          

          

          

          CO-ARRANGER

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    DnB
      NOR BANK ASA

                  	
                    )

                  

          

          

          

          

          FACILITY
AGENT

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    HSH
      NORDBANK AG

                  	
                    )

                  

          

          

          

          

          SECURITY
TRUSTEE

          

          

          
            	
                    SIGNED
by

                  	
                    )

                  
	
                    for
      and on behalf of

                  	
                    )

                  
	
                    HSH
      NORDBANK AG

                  	
                    )

                  

          

          

          

          

          
            	
                    Witness
      to all the

                  	
                    )

                  
	
                    above
      signatures

                  	
                    )

                  

          

          

          Name:

          Address:

           

           

          
            
              
              

            

            
              10

              
                

              

            

            
              
              

            

          

           

           

          COUNTERSIGNED  this
day          of                             2009
for and on behalf of the following Security Parties each of which, by its
execution hereof, confirms and acknowledges that it has read and understood the
terms and conditions of this First Supplemental Agreement, that it agrees in all
respects to the same and that the Finance Documents to which it is a party shall
remain in full force and effect and shall continue to stand as security for the
obligations of the Borrower under the Loan Agreement.

           

          

          
            	
                     

                     

                     

                  	 
      	 
      
	 	 	 
	
                    for
      and on behalf of

                  	 
      	
                    for
      and on behalf of

                  
	
                    BAYMONT
      ENTERPRISES INCORPORATED

                  	 
      	
                    FORBES
      MARITIME CO.

                  

          

          

          

          

          

          
            	
                     

                     

                     
      

                  	 
      	 
      
	 	 	 
	
                    for
      and on behalf of

                  	 
      	
                    for
      and on behalf of

                  
	
                    WIND
      DANCER SHIPPING INC.

                  	 
      	
                    BELERION
      MARITIME CO.

                  

          

          

          

          

          

          
            	
                     

                     

                     

                  	 
      	 
      
	 	 	 
	
                    for
      and on behalf of

                  	 
      	
                    for
      and on behalf of

                  
	
                    ADRIAN
      SHIPHOLDING INC.

                  	 
      	
                    ATLANTAS
      MARITIME CO.

                  

          

          
 

           

           

           

          11ex4-23.htm

    Exhibit
4.23

     

    
      

      
        	
                 

                 

                 

                 

                SHARE
      PURCHASE AGREEMENT

                 

                 

                 

                Dated
      April 7, 2009

                 

                 

                 

                between

                 

                 

                 

                CAPITAL
      MARITIME & TRADING CORP.

                 

                 

                 

                and

                 

                 

                 

                CAPITAL
      PRODUCT PARTNERS L.P.

                 

                 

                 

                 

              

      

       

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      

      SHARE
PURCHASE AGREEMENT (the “Agreement”), dated as
of April 7, 2009, by and between CAPITAL MARITIME & TRADING CORP.
(“CMTC”), a
corporation organized under the laws of the Republic of the Marshall Islands,
and CAPITAL PRODUCT PARTNERS L.P. (“CPLP”), a limited
partnership organized under the laws of the Republic of the Marshall
Islands.

       

      RECITAL

       

      WHEREAS, CPLP wishes to purchase from
CMTC, and CMTC wishes to sell to CPLP, the five hundred (500) shares of common
stock (the “Shares
A”) representing all of the issued and outstanding shares of common stock
of Mango Finance Corp., a corporation organized under the laws of the Republic
of the Marshall Islands (the “Vessel A Owning
Subsidiary”).

       

      WHEREAS, the Vessel A Owning Subsidiary
is the registered owner of the Liberian flagged motor tanker “Agamemnon II” (the
“Vessel
A”).

       

      WHEREAS, CMTC wishes to transfer to
CPLP all rights, title and interest in the Vessel A, and retain all assets,
other than the Vessel A, the Contracts A (as defined below) and any necessary
permits, and all liabilities of the Vessel A Owning Subsidiary.

       

      WHEREAS, the Vessel A is subject to a
time charter party agreement (type BPTIME3) dated 7th
August 2008 and entered into by the Vessel A Owning Subsidiary and BP Shipping
Limited (the “Charterer A”) for a
period of 3 years (plus/minus 30 days at Charterer A’s option) from January
23rd 2009
(the “Charter
A”).

       

      WHEREAS, CMTC wishes to purchase from
CPLP, and CPLP wishes to sell to CMTC, the five hundred (500) shares of common
stock (the “Shares
B”) representing all of the issued and outstanding shares of common stock
of Canvey Shipmanagement Co., a corporation organized under the laws of the
Republic of the Marshall Islands (the “Vessel B Owning
Subsidiary”).

       

      WHEREAS, the Vessel B Owning Subsidiary
is the registered owner of the Liberian flagged motor tanker “Assos” (the “Vessel
B”).

       

      WHEREAS, CPLP wishes to transfer to
CMTC all rights, title and interest in the Vessel B, and retain all assets,
other than the Vessel B and any necessary permits, and all liabilities of the
Vessel B Owning Subsidiary.

       

      WHEREAS, contemporaneously with the
execution of this Agreement, CPLP and Capital Ship Management Corp. (“CSM”) will execute an
amendment to the Management Agreement dated as of April 3, 2007, as subsequently
amended, and entered into between CPLP and CSM (the “Amendment to the Management
Agreement”).

       

      WHEREAS Vessel A Owning Subsidiary and
Vessel B Owning Subsidiary, have elected to be treated as disregarded entities
for U.S. federal income tax purposes, the Parties intend for this transaction to
be treated, for U.S. federal income tax purposes, as a tax-free exchange of
Vessel A for Vessel B under Section 1031 of the Internal Revenue Code of 1986,
as amended.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

       

      NOW,
THEREFORE, the parties hereto agree as follows:

       

      ARTICLE
I

       

      Interpretation

       

      SECTION
1.01  Definitions.  In this Agreement, unless
the context requires otherwise or unless otherwise specifically provided herein,
the following terms shall have the respective meanings set out below and
grammatical variations of such terms shall have corresponding
meanings:

       

      “Additional
Consideration” has the meaning given to it in
Section 2.04;

       

      “Agreement” means this
Agreement, including its recitals and schedules, as amended, supplemented,
restated or otherwise modified from time to time;

       

      “Amendment to the Management
Agreement” has the meaning given to it in the recitals;

       

      “Applicable Law” in
respect of any Person, property, transaction or event, means all laws, statutes,
ordinances, regulations, municipal by-laws, treaties, judgments and decrees
applicable to that Person, property, transaction or event and, whether or not
having the force of law, all applicable official directives, rules, consents,
approvals, authorizations, guidelines, orders, codes of practice and policies of
any Governmental Authority having or purporting to have authority over that
Person, property, transaction or event and all general principles of common law
and equity;

       

      “CPLP” has the meaning
given to it in the preamble;

       

      “CPLP Entities” means
CPLP and its subsidiaries;

       

      “CPLP Indemnitees” has
the meaning given to it in Section 9.01;

       

      “Charter A” has the
meaning given to it in the recitals;

       

      “Charterer A” has the
meaning given to it in the recitals;

       

      “Closing” has the
meaning given to it in Section 2.02;

       

      “Closing Date” has the
meaning given to it in Section 2.02;

       

      “Commitment” means (a)
options, warrants, convertible securities, exchangeable securities, subscription
rights, conversion rights, exchange rights or other contracts that could require
a Person to issue any of its equity interests or to sell any equity interests it
owns in another Person (other than this Agreement and the related transaction
documents); (b) any other securities convertible into, exchangeable or
exercisable for, or representing the right to subscribe for any equity interest
of a Person or owned by a Person; and (c) stock appreciation rights, phantom
stock, profit participation, or other similar rights with respect to a
Person;

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      “Contracts A” has the
meaning given to it in Section 5.08;

       

      “CSM” has the meaning
given to it in the recitals;

       

      “Encumbrance” means
any mortgage, lien, charge, assignment, adverse claim, hypothecation,
restriction, option, covenant, condition or encumbrance, whether fixed or
floating, on, or any security interest in, any property whether real, personal
or mixed, tangible or intangible, any pledge or hypothecation of any property,
any deposit arrangement, priority, conditional sale agreement, other title
retention agreement or equipment trust, capital lease or other security
arrangements of any kind;

       

      “Equity Interest”
means (a) with respect to any entity, any and all shares of capital stock or
other ownership interest and any Commitments with respect thereto, (b) any other
direct equity ownership or participation in a Person and (c) any Commitments
with respect to the interests described in (a) or (b);

       

      “Governmental
Authority” means any domestic or foreign government, including federal,
provincial, state, municipal, county or regional government or governmental or
regulatory authority, domestic or foreign, and includes any department,
commission, bureau, board, administrative agency or regulatory body of any of
the foregoing and any multinational or supranational organization;

       

      “Losses” means, with
respect to any matter, all losses, claims, damages, liabilities, deficiencies,
costs, expenses (including all costs of investigation, legal and other
professional fees and disbursements, interest, penalties and amounts paid in
settlement) or diminution of value, whether or not involving a claim from a
third party, however specifically excluding consequential, special and indirect
losses, loss of profit and loss of opportunity;

       

      “Notice” means any
notice, citation, directive, order, claim, litigation, investigation,
proceeding, judgment, letter or other communication, written or oral, actual or
threatened, from any Person;

       

      “Organizational Documents
A” has the meaning given to it in Section 5.03;

       

      “Organizational Documents
B” has the meaning given to it in Section 5.17;

       

      “Parties” means all
parties to this Agreement and “Party” means any one
of them;

       

      “Partnership
Agreement” means the Amended and Restated Agreement of Limited
Partnership of CPLP dated April 3, 2007.

       

      “Person” means an
individual, entity or association, including any legal personal representative,
corporation, body corporate, firm, partnership, trust, trustee, syndicate, joint
venture, unincorporated organization or Governmental Authority;

       

      “Permits” has the
meaning given to it in Section 5.13;

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      “SEC Documents” means
the Prospectus of CPLP dated March 29, 2007 and filed with the U.S. Securities
and Exchange Commission and all filings CPLP is required to make pursuant to the
Securities Act and the Securities Exchange Act of 1934, as amended from time to
time;

       

      “Securities Act” means
the Securities Act of 1933, as amended from time to time;

       

      “CMTC” has the meaning
given to it in the preamble;

       

      “CMTC Entities” means
CMTC and its affiliates other than the CPLP Entities;

       

      “CMTC Indemnities” has
the meaning given to it in Section 9.02;

       

      “Shares A” has the
meaning given to it in the recitals;

       

      “Shares B” has the
meaning given to it in the recitals;

       

      “Shares” means
together Shares A and Shares B;

       

      “Taxes” means all
income, franchise, business, property, sales, use, goods and services or value
added, withholding, excise, alternate minimum capital, transfer, excise,
customs, anti-dumping, stumpage, countervail, net worth, stamp, registration,
franchise, payroll, employment, health, education, business, school, property,
local improvement, development, education development and occupation taxes,
surtaxes, duties, levies, imposts, rates, fees, assessments, dues and charges
and other taxes required to be reported upon or paid to any domestic or foreign
jurisdiction and all interest and penalties thereon;

       

      “Vessel A Owning
Subsidiary” has the meaning given to it in the recitals;

       

      “Vessel B Owning
Subsidiary” has the meaning given to it in the recitals;

       

      “Vessel A” has the
meaning given to it in the recitals;

       

      and

       

      “Vessel B” has the
meaning given to it in the recitals.

       

      ARTICLE
II

       

      Purchase
and Sale of Shares; Closing

       

      SECTION
2.01  Purchase
and Sale of Shares A and Shares B.  CMTC agrees to sell and
transfer to CPLP, and CPLP agrees to purchase from CMTC in accordance with and
subject to the terms and conditions set forth in this Agreement, the
Shares A which in turn
shall result in CPLP indirectly owning the Vessel A.

       

      CPLP agrees to sell and transfer to
CMTC, and CMTC agrees to purchase from CPLP in accordance with and subject to
the terms and conditions set forth in this Agreement, the Shares B which in turn
shall result in CMTC indirectly owning the Vessel B.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      SECTION
2.02  Closing.  On the terms of this
Agreement, the sale and transfer of the Shares and payment of the Purchase Price
shall take place on the date hereof (the “Closing
Date”).  The
sale and transfer of the Shares is hereinafter referred to as “Closing.”

       

      SECTION
2.03  Place of
Closing.  The
Closing shall take place at the premises of CSM at 3 Iassonos Street, Piraeus,
Greece.

       

      SECTION
2.04  Consideration
for Shares.  On
the Closing Date, (i) CPLP shall pay to CMTC (to such account as CMTC shall
nominate) the amount of US Dollars $ 4,000,000 (the  “Additional
Consideration”) and
transfer the Shares B in exchange and as consideration for the Shares A
and  (ii) CMTC shall transfer the Shares A in exchange for payment of
the Additional Consideration and the Shares B.  CPLP shall have no
responsibility or liability hereunder for CMTC’s allocation and distribution of
the Additional Consideration among the CMTC Entities.

       

      SECTION
2.05  Payment of
the Additional Consideration.  The Additional
Consideration will be paid by CPLP to CMTC by wire transfer of immediately
available funds to an account designated in writing by CMTC.

       

      ARTICLE
III

       

      Representations
and Warranties of CPLP

       

      CPLP
represents and warrants to CMTC that as of the date hereof:

       

      SECTION
3.01  Organization
and Limited Partnership Authority.  CPLP is duly formed,
validly existing and in good standing under the laws of the Republic of the
Marshall Islands, and has all requisite limited partnership power and authority
to enter into this Agreement and to consummate the transactions contemplated
hereby. This Agreement has been duly executed and delivered by CPLP, has been
effectively authorized by all necessary action, limited partnership or
otherwise, and constitutes legal, valid and binding obligations of CPLP. No
meeting has been convened or resolution proposed or petition presented and no
order has been made to wind up CPLP.

       

      SECTION
3.02  Agreement
Not in Breach of Other Instruments.  The execution and delivery
of this Agreement, the consummation of the transactions contemplated hereby and
the fulfillment of the terms hereof will not result in a breach of any of the
terms or provisions of, or constitute a default under, or conflict with, any
agreement or other instrument to which CPLP is a party or by which it is bound,
the Certificate of Formation and the Partnership Agreement, any judgment,
decree, order or award of any court, governmental body or arbitrator by which
CPLP is bound, or any law, rule or regulation applicable to CPLP which
would have a material effect on the transactions contemplated
hereby.

       

      SECTION
3.03  No Legal
Bar.  CPLP is
not prohibited by any order, writ, injunction or decree of any body of competent
jurisdiction from consummating the transactions contemplated by this Agreement
and no such action or proceeding is pending or, to the best of its knowledge and
belief, threatened against CPLP which questions the validity of this Agreement,
any of the transactions contemplated hereby or any action which has been taken
by any of the parties in connection herewith or in connection with any of the
transactions contemplated hereby.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      SECTION
3.04  Independent
Investigation.  CPLP has had the
opportunity to conduct to its own satisfaction independent investigation, review
and analysis of the business, operations, assets, liabilities, results of
operations, financial condition and prospects of the Vessel A Owning Subsidiary
and, in making the determination to proceed with the transactions contemplated
hereby, has relied solely on the results of its own independent investigation
and the representations and warranties set forth in Articles IV, V and
VI.

       

      SECTION 3.05  Good and
Marketable Title to Shares B.  CPLP is the owner (of
record and beneficially) of all of the Shares B and has good and marketable
title to the Shares B, free and clear of any and all
Encumbrances.  The Shares B constitute 100% of the issued and
outstanding Equity Interests of the Vessel B Owning
Subsidiary.

       

      SECTION 3.06  The Shares
B.  Assuming
CMTC has the requisite power and authority to be the lawful owner of the Shares
B, upon delivery to CMTC at the Closing of certificates representing the Shares
B, duly endorsed by CPLP for transfer to CMTC or accompanied by appropriate
instruments sufficient to evidence the transfer from CPLP to CMTC of the Shares
B under the Applicable Laws of the relevant jurisdiction, or delivery of such
Shares B by electronic means, CMTC shall own good and valid title to the Shares
B, free and clear of any Encumbrances, other than those arising from acts of the
CMTC Entities.  Other than this Agreement and any related transaction
documents, the Organizational Documents B and restrictions imposed by Applicable
Law, at the Closing, the Shares B will not be subject to any voting trust
agreement or other contract, agreement, arrangement, commitment or understanding
restricting or otherwise relating to the voting, dividend rights or disposition
of the Shares B, other than any agreement to which any CMTC Entity is a
party.

       

      ARTICLE
IV

       

      Representations
and Warranties of CMTC

       

      CMTC represents and warrants to CPLP
that as of the date hereof:

       

      SECTION
4.01  Organization
and Corporate Authority.  CMTC is duly incorporated,
validly existing and in good standing under the laws of the Republic of the
Marshall Islands, and has all requisite corporate power and authority to enter
into this Agreement and to consummate the transactions contemplated
hereby.  This Agreement has been duly executed and delivered by CMTC,
has been effectively authorized by all necessary action, corporate or otherwise,
and constitutes legal, valid and binding obligations of CMTC. No meeting has
been convened or resolution proposed or petition presented and no order has been
made to wind up CMTC.

       

      SECTION
4.02  Agreement
Not in Breach.  The execution and delivery
of this Agreement, the consummation of the transactions contemplated hereby and
the fulfillment of the terms hereof will not result in a breach of any of the
terms or provisions of, or constitute a default under, or conflict with, any
agreement or other instrument to which CMTC is a party or by which it is bound,
the Articles of Incorporation and Bylaws of CMTC, any judgment, decree, order or
award of any court, governmental body or arbitrator by which CMTC is bound, or
any law, rule or regulation applicable to CMTC which would have a material
effect on the transactions contemplated hereby.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

                 SECTION
4.03  No Legal
Bar.  CMTC is
not prohibited by any order, writ, injunction or decree of any body of competent
jurisdiction from consummating the transactions contemplated by this Agreement
and no such action or proceeding is pending or, to the best of its knowledge and
belief, threatened against CMTC which questions the validity of this Agreement,
any of the transactions contemplated hereby or any action which has been taken
by any of the parties in connection herewith or in connection with any of the
transactions contemplated hereby.

       

      SECTION 4.04  Independent
Investigation.  CMTC has had the
opportunity to conduct to its own satisfaction independent investigation, review
and analysis of the business, operations, assets, liabilities, results of
operations, financial condition and prospects of the Vessel B Owning Subsidiary
and, in making the determination to proceed with the transactions contemplated
hereby, has relied solely on the results of its own independent investigation
and the representations and warranties set forth in Articles IV, V and
VI.

       

                 SECTION
4.05  Good and
Marketable Title to Shares A.  CMTC is the owner (of
record and beneficially) of all of the Shares A and has good and marketable
title to the Shares A, free and clear of any and all
Encumbrances.  The Shares constitute 100% of the issued and
outstanding Equity Interests of the Vessel A Owning
Subsidiary.

       

                 SECTION
4.06  The Shares
A.  Assuming
CPLP has the requisite power and authority to be the lawful owner of the Shares
A, upon delivery to CPLP at the Closing of certificates representing the Shares
A, duly endorsed by CMTC for transfer to CPLP or accompanied by appropriate
instruments sufficient to evidence the transfer from CMTC to CPLP of the Shares
A under the Applicable Laws of the relevant jurisdiction, or delivery of such
Shares A by electronic means, and upon CMTC’s receipt of the Purchase Price,
CPLP shall own good and valid title to the Shares A, free and clear of any
Encumbrances, other than those arising from acts of the CPLP
Entities.  Other than this Agreement and any related transaction
documents, the Organizational Documents A and restrictions imposed by Applicable
Law, at the Closing, the Shares A will not be subject to any voting trust
agreement or other contract, agreement, arrangement, commitment or understanding
restricting or otherwise relating to the voting, dividend rights or disposition
of the Shares A, other than any agreement to which any CPLP Entity is a
party.

      
 

      ARTICLE
V

       

      (i) 
Representations and Warranties of CMTC
Regarding the Vessel A Owning Subsidiary

       

      CMTC represents and warrants to CPLP
that as of the date hereof:

       

       SECTION
5.01  Organization
Good Standing and Authority.  The Vessel A Owning
Subsidiary is a corporation duly incorporated, validly existing and in good
standing under the laws of the Republic of the Marshall Islands.  The
Vessel A Owning Subsidiary has full corporate power and authority to carry on
its business as it is now, and has since its incorporation been, conducted, and
is entitled to own, lease or operate the properties and assets it now owns,
leases or operates and to enter into legal and binding contracts.  No
meeting has been convened or resolution proposed or petition presented and no
order has been made to wind up the Vessel A Owning
Subsidiary.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      SECTION
5.02  Capitalization.  The Shares A consist of
the 500 shares of common stock without par value and have been duly authorized
and validly issued and are fully paid and non-assessable, and constitute the
total issued and outstanding capital stock of the Vessel A Owning
Subsidiary.  There are not outstanding (i) any options, warrants
or other rights to purchase from the Vessel A Owning Subsidiary any capital
stock of such Vessel A Owning Subsidiary, (ii) any securities convertible
into or exchangeable for shares of the capital stock of the Vessel A Owning
Subsidiary or (iii) any other commitments of any kind for the issuance of
additional shares of capital stock or options, warrants or other securities of
the Vessel A Owning Subsidiary.

       

      SECTION
5.03  Organizational
Documents.  CMTC
has supplied to CPLP true and correct copies of the organizational documents of
the Vessel A Owning Subsidiary, as in effect as of the date hereof (the
“Organizational
Documents A”).

       

      SECTION
5.04  Agreement
Not in Breach.  Neither the execution and
delivery of this Agreement nor the consummation of the transactions contemplated
hereby will violate, or result in a breach of, any of the terms and provisions
of, or constitute a default under, or conflict with, or give any other party
thereto a right to terminate any agreement or other instrument to which the
Vessel A Owning Subsidiary is a party or by which it is bound including, without
limitation, any of the Organizational Documents A, or any judgment, decree,
order or award of any court, governmental body or arbitrator applicable to the
Vessel A Owning Subsidiary.

       

      SECTION
5.05  Litigation.

       

      (a).           There
is no action, suit or proceeding to which the Vessel A Owning Subsidiary is a
party (either as a plaintiff or defendant) pending before any court or
governmental agency, authority or body or arbitrator; there is no action, suit
or proceeding threatened against the Vessel A Owning Subsidiary; and, to the
best knowledge of CMTC, there is no basis for any such action, suit or
proceeding;

       

      (b).           The
Vessel A Owning Subsidiary has not been permanently or temporarily enjoined by
any order, judgment or decree of any court or any governmental agency, authority
or body from engaging in or continuing any conduct or practice in connection
with its respective business, assets, or properties; and

       

      (c).           There
is not in existence any order, judgment or decree of any court or other tribunal
or other agency enjoining or requiring the Vessel A Owning Subsidiary to take
any action of any kind with respect to its respective business, assets or
properties.

       

      SECTION
5.06  Indebtedness
to and from Officers, etc.  The Vessel A Owning
Subsidiary will not be indebted, directly or indirectly, to any person who is an
officer, director, stockholder or employee of CMTC or any spouse, child, or
other relative or any affiliate of any such person, nor shall any such officer,
director, stockholder, employee, relative or affiliate be indebted to the Vessel
A Owning Subsidiary.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      SECTION
5.07  Personnel.  The Vessel A Owning
Subsidiary has no employees.

       

      SECTION
5.08  Contracts
and Agreements.  Other than the Charter A
and the Amendment to the Management Agreement (together, the “Contracts
A”), there are no material
contracts or agreements, written or oral, to which the Vessel A Owning
Subsidiary is a party or by which any of the assets of the Vessel A Owning
Subsidiary are bound.

       

      (a)           Each
of the Contracts A is a valid and binding agreement of the Vessel A Owning
Subsidiary, and to the best knowledge of CMTC, of all other parties
thereto;

       

      (b)           The
Vessel A Owning Subsidiary has fulfilled all material obligations required
pursuant to its Contracts A to have been performed by it prior to the date
hereof and has not waived any material rights thereunder; and

       

      (c)           There
has not occurred any material default on the part of the Vessel A Owning
Subsidiary under any of the Contracts A, or to the best knowledge of CMTC, on
the part of any other party thereto nor has any event occurred which with the
giving of notice or the lapse of time, or both, would constitute any material
default on the part of the Vessel A Owning Subsidiary under any of the Contracts
A nor, to the best knowledge of CMTC, has any event occurred which with the
giving of notice or the lapse of time, or both, would constitute any material
default on the part of any other party to any of the Contracts A.

       

      SECTION
5.09  Compliance
with Law.  The
conduct of business by the Vessel A Owning Subsidiary does not and the execution
and delivery of this Agreement and the consummation of the transactions
contemplated hereby will not violate any laws, statutes, ordinances, rules,
regulations, decrees, orders, permits or other similar items in force
(including, but not limited to, any of the foregoing relating to employment
discrimination, environmental protection or conservation) of any country,
province, state or other governing body, the enforcement of which would
materially and adversely affect the business, assets, condition (financial or
otherwise) or prospects of the Vessel A Owning Subsidiary taken as a whole, nor
has the Vessel A Owning Subsidiary received any notice of any such
violation.

       

      SECTION
5.10  No
Undisclosed Liabilities.  The Vessel A Owning
Subsidiary (and the Vessel A owned by it) has no liabilities or obligations of
any nature, whether absolute, accrued, contingent or otherwise, and whether due
or to become due (including, without limitation, any liability for Taxes and
interest, penalties and other charges payable with respect to any such liability
or obligation). Notwithstanding the foregoing, the Parties acknowledge and agree
that there may be obligations under the Contracts A that are not due and payable
as of the date hereof and that will be the responsibility of CMTC pursuant to
Section 9.01(c) of this Agreement.

       

      SECTION 5.11   Disclosure
of Information.  CMTC has disclosed to CPLP
all material information on, and about, the Vessel A Owning Subsidiary and the
Vessel A and all such information is true, accurate and not misleading in any
material respect. Nothing has been withheld from the material provided to CPLP
which would render such information untrue or misleading.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      SECTION
5.12  Payment of
Taxes.  The
Vessel A Owning Subsidiary has filed all foreign, federal, state and local
income and franchise tax returns required to be filed, which returns are correct
and complete in all material respects, and has timely paid all taxes due from
it, and the Vessel A is in good standing with respect to the payment of past and
current Taxes, fees and other amounts payable under the laws of the jurisdiction
where it is registered as would affect its registry with the ship registry of
such jurisdiction.

       

      SECTION
5.13  Permits.  The Vessel A Owning
Subsidiary has such permits, consents, licenses, franchises, concessions,
certificates and authorizations (“Permits”) of, and has all declarations and
filings with, and is qualified and in good standing in each jurisdiction of, all
federal, provincial, state, local or foreign Governmental Authorities and other
Persons, as are necessary to own or lease its properties and to conduct its
business in the manner that is standard and customary for a business of its
nature other than such Permits the absence of which, individually or in the
aggregate, has not and could not reasonably be expected to materially or
adversely affect the Vessel A Owning Subsidiary.  The Vessel A Owning
Subsidiary has fulfilled and performed all its obligations with respect to such
Permits which are or will be due to have been fulfilled and performed by such
date and no event has occurred that would prevent the Permits from being renewed
or reissued or that allows, or after notice or lapse of time would allow,
revocation or termination thereof or results or would result in any impairment
of the rights of the holder of any such Permit, except for such non-renewals,
non-issues, revocations, terminations and impairments that would not,
individually or in the aggregate, materially or adversely affect the Vessel A
Owning Subsidiary, and none of such Permits contains any restriction that is
materially burdensome to the Vessel A Owning Subsidiary.

       

      SECTION
5.14  No Material
Adverse Change in Business.  Since December 31,
2008, there has been no material adverse
change in the condition, financial or otherwise, or in the earnings, properties,
business affairs or business prospects of the Vessel A Owning Subsidiary,
whether or not arising in the ordinary course of business, that would have or
could reasonably be expected to have a material adverse effect on the condition,
financial or otherwise, or in the earnings, business affairs or business
prospects of the Vessel A Owning Subsidiary.

       

      (ii)   Representations and Warranties
of  CPLP Regarding the Vessel B Owning Subsidiary

       

      CPLP
represents and warrants to CMTC that as of the date hereof:

       

      SECTION 5.15  Organization
Good Standing and Authority.  The Vessel B Owning
Subsidiary is a corporation duly incorporated, validly existing and in good
standing under the laws of the Republic of the Marshall Islands.  The
Vessel B Owning Subsidiary has full corporate power and authority to carry on
its business as it is now, and has since its incorporation been, conducted, and
is entitled to own, lease or operate the properties and assets it now owns,
leases or operates and to enter into legal and binding contracts.  No
meeting has been convened or resolution proposed or petition presented and no
order has been made to wind up the Vessel B Owning
Subsidiary.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      SECTION 5.16  Capitalization.  The Shares B consist of
the 500 shares of common stock without par value and have been duly authorized
and validly issued and are fully paid and non-assessable, and constitute the
total issued and outstanding capital stock of the Vessel B Owning
Subsidiary.  There are not outstanding (i) any options, warrants
or other rights to purchase from the Vessel B Owning Subsidiary any capital
stock of such Vessel B Owning Subsidiary, (ii) any securities convertible
into or exchangeable for shares of the capital stock of the Vessel B Owning
Subsidiary or (iii) any other commitments of any kind for the issuance of
additional shares of capital stock or options, warrants or other securities of
the Vessel B Owning Subsidiary.

       

      SECTION 5.17  Organizational
Documents.  CPLP
has supplied to CMTC true and correct copies of the organizational documents of
the Vessel B Owning Subsidiary, as in effect as of the date hereof (the
“Organizational
Documents B”).

       

      SECTION 5.18  Agreement
Not in Breach.  Neither the execution and
delivery of this Agreement nor the consummation of the transactions contemplated
hereby will violate, or result in a breach of, any of the terms and provisions
of, or constitute a default under, or conflict with, or give any other party
thereto a right to terminate any agreement or other instrument to which the
Vessel B Owning Subsidiary is a party or by which it is bound including, without
limitation, any of the Organizational Documents B, or any judgment, decree,
order or award of any court, governmental body or arbitrator applicable to the
Vessel B Owning Subsidiary.

       

      SECTION 5.19  Litigation.

       

      (a)           There
is no action, suit or proceeding to which the Vessel B Owning Subsidiary is a
party (either as a plaintiff or defendant) pending before any court or
governmental agency, authority or body or arbitrator; there is no action, suit
or proceeding threatened against the Vessel B Owning Subsidiary; and, to the
best knowledge of CPLP, there is no basis for any such action, suit or
proceeding;

       

      (b)           The
Vessel B Owning Subsidiary has not been permanently or temporarily enjoined by
any order, judgment or decree of any court or any governmental agency, authority
or body from engaging in or continuing any conduct or practice in connection
with its respective business, assets, or properties; and

       

      (c).           There
is not in existence any order, judgment or decree of any court or other tribunal
or other agency enjoining or requiring the Vessel B Owning Subsidiary to take
any action of any kind with respect to its respective business, assets or
properties.

       

      SECTION 5.20  Indebtedness
to and from Officers, etc.  The Vessel B Owning
Subsidiary will not be indebted, directly or indirectly, to any person who is an
officer, director, stockholder or employee of CPLP or any spouse, child, or
other relative or any affiliate of any such person, nor shall any such officer,
director, stockholder, employee, relative or affiliate be indebted to the Vessel
B Owning Subsidiary.

       

      SECTION 5.21  Personnel.  The Vessel B Owning
Subsidiary has no employees.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      SECTION 5.22  Contracts
and Agreements.  There are no material
contracts or agreements, written or oral, to which the Vessel B Owning
Subsidiary is a party or by which any of the assets of the Vessel B Owning
Subsidiary are bound.

       

      SECTION 5.23  Compliance
with Law.  The
conduct of business by the Vessel B Owning Subsidiary does not and the execution
and delivery of this Agreement and the consummation of the transactions
contemplated hereby will not violate any laws, statutes, ordinances, rules,
regulations, decrees, orders, permits or other similar items in force
(including, but not limited to, any of the foregoing relating to employment
discrimination, environmental protection or conservation) of any country,
province, state or other governing body, the enforcement of which would
materially and adversely affect the business, assets, condition (financial or
otherwise) or prospects of the Vessel B Owning Subsidiary taken as a whole, nor
has the Vessel B Owning Subsidiary received any notice of any such
violation.

       

      SECTION 5.24  No
Undisclosed Liabilities.  The Vessel B Owning
Subsidiary (and the Vessel B owned by it) has no liabilities or obligations of
any nature, whether absolute, accrued, contingent or otherwise, and whether due
or to become due (including, without limitation, any liability for Taxes and
interest, penalties and other charges payable with respect to any such liability
or obligation). Notwithstanding the foregoing, the Parties acknowledge and agree
that there may be obligations under the Contracts B that are not due and payable
as of the date hereof and that will be the responsibility of CPLP pursuant to
Section 9.01(c) of this Agreement.

       

      SECTION 5.25   Disclosure
of Information.  CPLP has disclosed to CMTC
all material information on, and about, the Vessel B Owning Subsidiary and the
Vessel and all such information is true, accurate and not misleading in any
material respect. Nothing has been withheld from the material provided to CMTC
which would render such information untrue or misleading.

       

      SECTION 5.26  Payment of
Taxes.  The
Vessel B Owning Subsidiary has filed all foreign, federal, state and local
income and franchise tax returns required to be filed, which returns are correct
and complete in all material respects, and has timely paid all taxes due from
it, and the Vessel B is in good standing with respect to the payment of past and
current Taxes, fees and other amounts payable under the laws of the jurisdiction
where it is registered as would affect its registry with the ship registry of
such jurisdiction.

       

      SECTION 5.27  Permits.  The Vessel B Owning
Subsidiary has such Permits of, and has all declarations and filings with, and
is qualified and in good standing in each jurisdiction of, all federal,
provincial, state, local or foreign Governmental Authorities and other Persons,
as are necessary to own or lease its properties and to conduct its business in
the manner that is standard and customary for a business of its nature other
than such Permits the absence of which, individually or in the aggregate, has
not and could not reasonably be expected to materially or adversely affect the
Vessel B Owning Subsidiary.  The Vessel B Owning Subsidiary has
fulfilled and performed all its obligations with respect to such Permits which
are or will be due to have been fulfilled and performed by such date and no
event has occurred that would prevent the Permits from being renewed or reissued
or that allows, or after notice or lapse of time would allow, revocation or
termination thereof or results or would result in any impairment of the rights
of the holder of any such Permit, except for such non-renewals, non-issues,
revocations, terminations and impairments that would not, individually or in the
aggregate, materially or adversely affect the Vessel B Owning Subsidiary, and
none of such Permits contains any restriction that is materially burdensome to
the Vessel B Owning Subsidiary.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      SECTION 5.28  No Material
Adverse Change in Business.  Since December 31,
2008, there has been no material adverse
change in the condition, financial or otherwise, or in the earnings, properties,
business affairs or business prospects of the Vessel B Owning Subsidiary,
whether or not arising in the ordinary course of business, that would have or
could reasonably be expected to have a material adverse effect on the condition,
financial or otherwise, or in the earnings, business affairs or business
prospects of the Vessel B Owning Subsidiary.

       

      ARTICLE
VI

       

      (i) Representations and Warranties of CMTC
regarding the Vessel A

       

       

      CMTC
represents and warrants to CPLP that as of the date hereof:

       

      SECTION
6.01  Title to
Vessel.  (a) The
Vessel A Owning Subsidiary is the owner (beneficially and of record) of the
Vessel A and has good and marketable title to the Vessel.

       

      SECTION
6.02  No
Encumbrances.  The Vessel A Owning
Subsidiary and the Vessel A are free of all Encumbrances other than the
Encumbrances arising under the Charter A.

       

      SECTION
6.03  Condition.  The Vessel A is (i)
adequate and suitable for use by the Vessel A Owning Subsidiary in the manner
that is standard and customary for a vessel of its type, ordinary wear and tear
excepted; (ii) seaworthy in all material respects for hull and machinery
insurance warranty purposes and in good running order and repair; (iii) insured
against all risks, and in amounts, consistent with common industry practices;
(iv) in compliance with maritime laws and regulations; and (v) in compliance in
all material respects with the requirements of its class and classification
society; and all class certificates of the Vessel are clean and valid and free
of recommendations affecting class; and CPLP acknowledges and agrees that,
subject only to the representations and warranties in this Agreement, it is
acquiring the Vessel A on an “as is, where is” basis.

       

      
        	
                 
      

              	
                (ii)

              	
                Representations
      and Warranties of CPLP regarding the Vessel
B

              

      

       

       

      CPLP
represents and warrants to CMTC that as of the date hereof:

       

      SECTION 6.04  Title to
Vessel.  (a) The
Vessel B Owning Subsidiary is the owner (beneficially) of the Vessel B and has
good and marketable title to the Vessel.

       

      SECTION 6.05  No
Encumbrances.  The Vessel B Owning
Subsidiary and the Vessel B are free of all Encumbrances.

       

      SECTION 6.06  Condition.  The Vessel B is (i)
adequate and suitable for use by the Vessel B Owning Subsidiary in the manner
that is standard and customary for a vessel of its type, ordinary wear and tear
excepted; (ii) seaworthy in all material respects for hull and machinery
insurance warranty purposes and in good running order and repair; (iii) insured
against all risks, and in amounts, consistent with common industry practices;
(iv) in compliance with maritime laws and regulations; and (v) in compliance in
all material respects with the requirements of its class and classification
society; and all class certificates of the Vessel are clean and valid and free
of recommendations affecting class;

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      Notwithstanding
the above it is agreed that the Vessel B shall be delivered to
CMTC:

      

      a) Free
of cargo, hot washed and free of slops with gas free tanks together with a gas
free certificate suitable for man entry, and

      

      b) CMTC
will have the right, at its own risk, time and expense, to carry out an
inspection of the Vessel B’s underwater parts by class approved divers. CPLP
shall arrange at its own expense to have a class surveyor attending such diving
inspection. If any damage is found to the Vessel’s underwater parts which the
Vessel B’s classification society confirms is affecting the Vessel B’s clean
certificate of class, then CPLP shall repair such damage to the reasonable
satisfaction of the Vessel B’s class society and of CMTC, at CPLP’s time and
expense.

      

      c) CPLP
shall be responsible for repairs or renewals occasioned by latent defects in the
Vessel B, her machinery or appurtenances, existing at the time of delivery under
this Agreement, provided such defects have manifested themselves within six (6)
months after delivery.

      

      d) CPLP
shall at its own cost supply the Vessel B with all parts for the proper and safe
running of the Vessel B.

      

       

      ARTICLE
VII

       

      Covenants

       

      SECTION
7.01  Financial
Statements.

       

           (i)
CMTC agrees to cause the Vessel A Owning Subsidiary to provide access to the
books and records of the Vessel A Owning Subsidiary to allow CPLP’s outside
auditing firm to prepare at CPLP’s expense any information, review or audit CPLP
reasonably believes is required to be furnished or provided by CPLP pursuant to
applicable securities laws.  CMTC will (A) direct its auditors to
provide CPLP’s auditors access to the auditors’ work papers and (B) use its
commercially reasonable efforts to assist CPLP with any such information, review
or audit and to provide other financial information reasonably requested by CPLP
or its auditors, including the delivery by CMTC Entities of any information,
letters and similar documentation, including reasonable “management
representation letters” and attestations.

       

      (ii) CPLP agrees to cause the Vessel
B Owning Subsidiary to provide access to the books and records of the Vessel A
Owning Subsidiary to allow CMTC’s outside auditing firm to prepare at CMTC’s
expense any information, review or audit CMTC reasonably believes is required to
be furnished or provided by CMTC pursuant to applicable securities
laws.  CPLP will (A) direct its auditors to provide CMTC’s auditors
access to the auditors’ work papers and (B) use its commercially reasonable
efforts to assist CMTC with any such information, review or audit and to provide
other financial information reasonably requested by CMTC or its auditors,
including the delivery by CPLP Entities of any information, letters and similar
documentation, including reasonable “management representation letters” and
attestations.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      ARTICLE
VIII

       

      Amendments
and Waivers

       

      SECTION
8.01  Amendments
and Waivers.  This Agreement may not be
amended except by an instrument in writing signed on behalf of each parties
hereto.  By an instrument in writing CPLP, on the one hand, or CMTC,
on the other hand, may waive compliance by the other with any term or provision
of this Agreement that such other party was or is obligated to comply with or
perform.

       

      ARTICLE
IX

       

      Indemnification

       

      SECTION
9.01  Indemnity
by the Parties.

       

      CMTC
shall be liable for, and shall indemnify CPLP and each of its subsidiaries and
each of their directors, employees, agents and representatives (the “CPLP Indemnitees”)
against and hold them harmless from, any Losses, suffered or incurred by such
CPLP Indemnitee:

       

                 (a)           by
reason of, arising out of or otherwise in respect of any inaccuracy in, or
breach of, any representation or warranty (without giving effect to any
supplement to the schedules or qualifications as to materiality or dollar amount
or other similar qualifications), or a failure to perform or observe any
covenant, agreement or obligation of, CMTC in or under this Agreement or in or
under any document, instrument or agreement delivered pursuant to this Agreement
by CMTC;

       

                 (b)           any
fees, expenses or other payments incurred or owed by CMTC or the Vessel A Owning
Subsidiary to any brokers, financial advisors or comparable other persons
retained or employed by it in connection with the transactions contemplated by
this Agreement; or

       

        
(c)           by
reason of, arising out of or otherwise in respect of obligations, liabilities,
expenses, cost and claims relating to, arising from or otherwise attributable to
the assets owned by the Vessel A Owning Subsidiary or the assets, operations,
and obligations of the Vessel A Owning Subsidiary or the businesses thereof, in
each case, to the extent relating to, arising from, or otherwise attributable to
facts, circumstances or events occurring prior to the Closing Date.

       

      CPLP
shall be liable for, and shall indemnify CMTC and each of its subsidiaries and
each of their directors, employees, agents and representatives (the “CMTC Indemnitees”)
against and hold them harmless from, any Losses, suffered or incurred by such
CMTC Indemnitee:

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        	
                 
      

              	
                (a)

              	
                by
      reason of, arising out of or otherwise in respect of any inaccuracy in, or
      breach of, any representation or warranty (without giving effect to any
      supplement to the schedules or qualifications as to materiality or dollar
      amount or other similar qualifications), or a failure to perform or
      observe any covenant, agreement or obligation of, CPLP in or under this
      Agreement or in or under any document, instrument or agreement delivered
      pursuant to this Agreement by CPLP;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                any
      fees, expenses or other payments incurred or owed by CPLP or the Vessel B
      Owning Subsidiary to any brokers, financial advisors or comparable other
      persons retained or employed by it in connection with the transactions
      contemplated by this Agreement; or

              

      

       

      
        	
                 
      

              	
                (c)

              	
                by
      reason of, arising out of or otherwise in respect of obligations,
      liabilities, expenses, cost and claims relating to, arising from or
      otherwise attributable to the assets owned by the Vessel B Owning
      Subsidiary or the assets, operations, and obligations of the Vessel B
      Owning Subsidiary or the businesses thereof, in each case, to the extent
      relating to, arising from, or otherwise attributable to facts,
      circumstances or events occurring prior to the Closing
    Date.

              

      

       

      SECTION
9.02  Exclusive
Post-Closing Remedy.  After the Closing, and
except for any non-monetary, equitable relief to which any Party may be
entitled, or any remedies for willful misconduct or actual fraud, the rights and
remedies set forth in this Article IX shall constitute the sole and exclusive
rights and remedies of the Parties under or with respect to the subject matter
of this Agreement.

       

      ARTICLE
X

       

      Miscellaneous

       

      SECTION
10.01  Governing
Law.  This
Agreement shall be governed by, and construed in accordance with, the laws of
the State of New York applicable to contracts made and to be performed wholly
within such jurisdiction without giving effect to conflict of law principles
thereof other than Section 5-1401 of the New York General Obligations Law,
except to the extent that it is mandatory that the law of some other
jurisdiction, wherein the Vessel is located, shall apply.

       

      SECTION
10.02  Counterparts.  This Agreement may be
executed simultaneously in one or more counterparts, each of which shall be
deemed an original, but all of which shall constitute but one and the same
instrument.

       

      SECTION
10.03  Complete
Agreement.  This
Agreement and Schedules hereto contain the entire agreement between the parties
hereto with respect to the transactions contemplated herein and, except as
provided herein, supersede all previous oral and written and all contemporaneous
oral negotiations, commitments, writings and understandings.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      SECTION
10.04  Interpretation.  The headings contained in
this Agreement are for reference purposes only and shall not affect in any way
the meaning or interpretation of this Agreement.

       

      SECTION
10.05  Severability.  If any of the provisions
of this Agreement are held by any court of competent jurisdiction to contravene,
or to be invalid under, the laws of any governmental body having jurisdiction
over the subject matter hereof, such contravention or invalidity shall not
invalidate the entire Agreement.  Instead, this Agreement shall be
construed as if it did not contain the particular provision or provisions held
to be invalid, and an equitable adjustment shall be made and necessary provision
added so as to give effect, as nearly as possible, to the intention of the
Parties as expressed in this Agreement at the time of execution of this
Agreement.

       

      SECTION
10.06  Third Party
Rights.  Except
to the extent provided in Article
IX, a Person who is not a
party to this Agreement has no right to enforce or to enjoy the benefit of any
term of this Agreement.

       

      SECTION
10.07  Notices.  Any notice, claim or
demand in connection with this Agreement shall be delivered to the parties at
the following addresses (or at such other address or facsimile number for a
party as may be designated by notice by such party to the other
party):

       

      (a).           if
to Capital Maritime & Trading Corp., as follows:

       

      c/o
Capital Ship Management Corp., 3 Iassonos Street, Piraeus, Greece

      Attention:     Nikolaos
Syntichakis

      Facsimile:     +30
210 428 4286

       

      (b).           if
to Capital Product Partners L.P., as follows:

       

      c/o
Capital Ship Management Corp., 3 Iassonos Street, Piraeus, Greece

      Attention:     Ioannis
E. Lazaridis

      Facsimile:     +30
210 428 4285

       

      and any
such notice shall be deemed to have been received (i) on the next working
day in the place to which it is sent, if sent by facsimile or (ii) forty
eight (48) hours from the time of dispatch, if sent by courier.

       

      SECTION
10.08  Representations
and Warranties to Survive.  All representations and
warranties of CPLP and CMTC contained in this Agreement shall survive the
Closing and shall remain operative and in full force and effect after the
Closing, regardless of (a) any investigation made by or on behalf of any Party
or its affiliates, any Person controlling any Party, its officers or directors,
and (b) delivery of and payment for the Shares.

       

      SECTION
10.09  Remedies.  Except as expressly
provided in Section 9.02, the rights, obligations and remedies created by this
Agreement are cumulative and in addition to any other rights, obligations or
remedies otherwise available at law or in equity.  Except as expressly
provided in this Agreement, nothing in this Agreement will be considered an
election of remedies.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      SECTION
10.10  Non-recourse
to General Partner.  Neither CPLP’s general
partner nor any other owner of Equity Interests in CPLP shall be liable for the
obligations of CPLP under this Agreement or any of the related transaction
documents, including, in each case, by reason of any payment obligation imposed
by governing partnership statutes.

       

       

       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      IN WITNESS WHEREOF, each of the parties
hereto has caused this Agreement to be signed as of the date first above
written.

       

      

      
        	 
      	
                CAPITAL
      MARITIME & TRADING CORP.

              
	 
      	 
      
	 
      	 
      
	 
      	
                By:

              	 
      
	 
      	
                Name:
      Evangelos M. Marinakis

              
	 
      	
                Title:  
      President and Chief Executive Officer

              
	 
      	 
      
	 
      	 
      
	 
      	
                CAPITAL
      PRODUCT PARTNERS L.P.

              
	 
      	
                By:
      Capital GP L.L.C., its general partner

              
	 
      	 
      
	 
      	
                By:

              	 
      
	 
      	
                Name: Ioannis
      E. Lazaridis

              
	 
      	
                Title:  
      Chief Executive Officer and Chief

                    Financial
      Officer of Capital GP, L.L.C.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]