early termination agreement this early termination agreement ( “ agreement ” ) is entered into as of september 15, 2014, by and between calpetro tankers ( bahamas i ) limited, a corporation organized under the laws of the commonwealth of the bahamas and having its registered office at mareva house, # 4 george street, nassau, new providence, one of the islands of the bahamas ( “ cpt ‑ i ” ), calpetro tankers ( bahamas ii ) limited, a corporation organized under the laws of the commonwealth of the bahamas and having its registered office at mareva house, # 4 george street, nassau, new providence, one of the islands of the bahamas ( “ cpt ‑ ii ” ), calpetro tankers ( iom ) limited, a corporation organized under the laws of the isle of man and having its registered office at ragnall house, 18 peel road, douglas, isle of man ( “ cpt ‑ iom ” ), california petroleum transport corporation, a corporation incorporated under the laws of the state of delaware and having its registered office at 114 west 47th street, suite 2310, new york, new york 10036 ( “ cptc ” ), and chevron transport corporation ltd., a corporation organized under the laws of bermuda and having its registered office at chevron house, 11 church street, hamilton, hm11, bermuda, as successor by merger to chevron transport corporation, a corporation organized under the laws of liberia ( “ ctc ” ), with reference to the following facts : a. ctc and cpt ‑ i are parties to a bareboat charter agreement dated april 5, 1995 ( the “ cygnus charter ” ) ; ctc and cpt ‑ ii are parties to a bareboat charter agreement dated april 5, 1995 ( the “ altair charter ” ) ; and ctc and cpt - iom are parties to a bareboat charter agreement dated april 5, 1995, as amended by amendment no. 1 to bareboat charter dated june 28, 2001 ( the “ sirius charter ” ; together with the cygnus charter and the altair charter, the “ charters ” ). a. b. chevron corporation, a corporation incorporated under the laws of the state of delaware ( “ chevron ” ), executed a guarantee dated april 5, 1995 in favor of cpt ‑ i ( the “ cygnus guarantee ” ), a guarantee dated april 5, 1995 in favor of cpt ‑