Altera Infrastructure L.P. filed a motion in the US Bankruptcy Court for the sale of its certain assets on August 25, 2022. The debtor seeks the Court's approval for the sale of its certain assets to Sangakara Maritime Inc., for a purchase price of $10.43 million pursuant to the asset purchase agreement, dated September 1, 2022. The debtor's assets include Sale of vessel Name: Falcon Spirit Year Built: 1986 Type: Floating Storage and Off-take Unit (FSO) IMO Number: 8500537.

The buyer shall make advance deposit of $2 million or 10% of purchase price.