Exhibit 10.1

 

THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

 

THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Third
Amendment”), dated as of July 12, 2010, by and among GENERAL MARITIME
CORPORATION, a Marshall Islands corporation (the “Parent”), GENERAL MARITIME
SUBSIDIARY CORPORATION, a Marshall Islands corporation (the “Borrower”), the
Lenders party from time to time to the Credit Agreement referred to below (the
“Lenders”) and NORDEA BANK FINLAND PLC, NEW YORK BRANCH, as Administrative Agent
(in such capacity, the “Administrative Agent”) and as Collateral Agent.  Unless
otherwise defined herein, capitalized terms used herein and defined in the
Credit Agreement are used herein as therein defined.

 

W I T N E S S E T H :

 

WHEREAS, the Parent, the Borrower, the Lenders and the Administrative Agent are
parties to an Amended and Restated Credit Agreement, dated as of October 20,
2008 and amended on October 27, 2009 and December 18, 2009 (as further amended,
modified and/or supplemented to, but not including, the date hereof, the “Credit
Agreement”); and

 

WHEREAS, subject to the terms and conditions of this Third Amendment, the
parties hereto wish to amend certain provisions of the Credit Agreement as
herein provided;

 

NOW, THEREFORE, it is agreed:

 

I.              Amendments to Credit Agreement.

 

1.             Section 9.04(a) of the Credit Agreement is hereby amended by
deleting the text “or (y)” and inserting the text “, (y) the 2010 Credit
Agreement, in an aggregate principal amount not to exceed $372,000,000 at any
time outstanding, provided that, at the time of the initial borrowing
thereunder, the Borrower shall have projected that it shall be in compliance
with requirements set forth in Sections 9.07 through 9.09, inclusive, for the
12-month period following such initial borrowing or (z)”.

 

2.             Section 9.07 of the Credit Agreement is hereby amended by
inserting the text “and the 2010 Credit Agreement” immediately following each
reference to “the RBS Agreement” appearing in said Section.

 

3.             The definition of “Consolidated EBITDA” appearing in Section 11
of the Credit Agreement is hereby amended and restated in its entirety as
follows:

 

“Consolidated EBITDA” shall mean, for any period, Consolidated EBIT, adjusted by
adding thereto the amount of (i) all amortization of intangibles and
depreciation, (ii) non-cash management incentive compensation, in each case that
were deducted in arriving at Consolidated EBIT for such period and (iii) for the
purpose of Section 9.04(a) and 9.08 only, if any 2010 Vessel has been acquired
by the Parent or any of its Subsidiaries during any Test Period, the Clarksons’
Historical Average Spot Rate for the vessel class of such 2010 Vessel less an
amount equal to the Parent or such Subsidiary’s, as the case may be, good faith
estimate of the daily operating expenses relating to the

 

--------------------------------------------------------------------------------

 

operation of such 2010 Vessel for each day during the period from the first day
of such Test Period to the date of the acquisition of such 2010 Vessel (the
“Pre-Acquisition Period”) multiplied by the actual number of days in the
relevant Pre-Acquisition Period.

 

4.             Section 11 of the Credit Agreement is hereby further amended by
adding the following new definitions in correct alphabetical order:

 

“2010 Credit Agreement” shall mean the credit facility entered into by a
newly-formed direct subsidiary of the Parent, as borrower, the Parent, the
lenders from time to time party thereto, the Administrative Agent, as
administrative agent, collateral agent and a lead arranger, and DnB NOR BANK
ASA, as a lead arranger, to finance the acquisition of the 2010 Vessels (as the
same may be amended, restated, supplemented or otherwise modified from time to
time in accordance with the terms thereof).

 

“2010 Vessels” shall mean the Vessels listed on Annex I to the Third Amendment.

 

“Clarksons’ Historical Average Spot Rate” shall mean the 10-year monthly average
of the daily historical spot rates published by Clarksons PLC.

 

“Pre-Acquisition Period” shall have the meaning provided in the definition of
“Consolidated EBITDA”.

 

II.            Miscellaneous Provisions.

 

1.             This Third Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which counterparts when executed and delivered shall be an original, but all
of which shall together constitute one and the same instrument. Delivery of any
executed counterpart of this Third Amendment by telecopy or electronic mail by
any party hereto shall be effective as such party’s original executed
counterpart.

 

2.             THIS THIRD AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW
OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THAT
WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

 

3.             This Third Amendment shall become effective on the date (the
“Third Amendment Effective Date”) when (i) the Parent, the Borrower, the
Administrative Agent and the Lenders constituting the Required Lenders shall
have signed a counterpart hereof (whether the same or different counterparts)
and shall have delivered (including by way of pdf, facsimile or other electronic
transmission) the same to White & Case LLP, 1155 Avenue of the Americas, New
York, NY 10036 Attention: May Yip-Daniels (facsimile number: 212-354-8113 /
e-mail address: myip@whitecase.com), (ii) the Borrower shall have paid a
non-refundable cash fee in Dollars in an amount equal to 10 basis points (0.10%)
on an amount equal to the Commitment of each Lender party hereto as in effect on
the Third Amendment Effective Date (immediately prior to the occurrence
thereof), which fee shall be earned by each such Lender and made payable to

 

2

--------------------------------------------------------------------------------

 

the Administrative Agent for distribution to such Lenders and (iii) the Borrower
shall have paid to the Administrative Agent all outstanding fees and expenses in
connection with the Third Amendment (including, without limitation, the fees and
expenses of White & Case LLP).

 

4.             From and after the Third Amendment Effective Date, all references
in the Credit Agreement and each of the other Credit Documents to the Credit
Agreement shall be deemed to be references to the Credit Agreement, as modified
hereby on the Third Amendment Effective Date.

 

*        *        *

 

3

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the parties hereto have caused their duly authorized
officers to execute and deliver this Third Amendment as of the date first above
written.

 

 

 

GENERAL MARITIME CORPORATION

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title: Executive Vice President, Treasurere and Secretary

 

 

 

 

 

 

 

GENERAL MARITIME SUBSIDIARY CORPORATION

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title: Director

 

--------------------------------------------------------------------------------

 

 

NORDEA BANK FINLAND PLC, NEW YORK BRANCH,

 

Individually and as Administrative Agent and Collateral Agent

 

 

 

 

 

 

 

By:

/s/ Colleen Durkin

 

 

Name: Colleen Durkin

 

 

Title: First Vice President

 

 

 

 

 

 

 

By:

/s/ Hans Kjelsrud

 

 

Name: Hans Kjelsrud

 

 

Title: Executive Vice President

 

1

--------------------------------------------------------------------------------

 

By executing and delivering a copy hereof, each Subsidiary Guarantor hereby
acknowledges and agrees that all Guaranteed Obligations of the Subsidiary
Guarantors shall be fully guaranteed pursuant to the Subsidiaries Guaranty and
shall be fully secured pursuant to the Security Documents, in each case in
accordance with the respective terms and provisions thereof.  Each of the
undersigned, each being a Subsidiary Guarantor under, and as defined in, the
Credit Agreement referenced in the foregoing Third Amendment, hereby consents to
the entering into of the Third Amendment and agrees to the provisions thereof.

 

 

 

Acknowledged and Agreed by:

 

 

 

GMR DAPHNE LLC

 

GMR AGAMEMNON LLC

 

GMR AJAX LLC

 

GMR ALEXANDRA LLC

 

GMR ARGUS LLC

 

GMR CONSTANTINE LLC

 

GMR DEFIANCE LLC

 

GMR GEORGE T. LLC

 

GMR GULF LLC

 

GMR HARRIET G. LLC

 

GMR HOPE LLC

 

GMR HORN LLC

 

GMR KARA G. LLC

 

GMR MINOTAUR LLC

 

GMR ORION LLC

 

GMR PHOENIX LLC

 

GMR PRINCESS LLC

 

GMR PROGRESS LLC

 

GMR REVENGE LLC

 

GMR SPYRIDON LLC

 

GMR ST. NIKOLAS LLC

 

GMR STRENGTH LLC

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title:   Manager

 

2

--------------------------------------------------------------------------------

 

 

ARLINGTON TANKERS LTD.

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title: Director

 

 

 

 

VISION LTD.

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title: Director

 

 

 

 

VICTORY LTD.

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title:

 

 

 

 

COMPANION LTD.

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title: Director

 

 

 

 

COMPATRIOT LTD.

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title: Director

 

 

 

 

CONCEPT LTD.

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title: Director

 

1

--------------------------------------------------------------------------------

 

 

CONCORD LTD.

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title: Director

 

 

 

 

CONSUL LTD.

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title: Director

 

 

 

 

CONTEST LTD.

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title:Director

 

2

--------------------------------------------------------------------------------

 

 

GMR CHARTERING LLC

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title: Manager

 

1

--------------------------------------------------------------------------------

 

 

GMR ELEKTRA LLC

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title:Manager

 

1

--------------------------------------------------------------------------------

 

 

THE COMMON SEAL of

 

GENERAL MARITIME CREWING PTE. LTD.

 

was hereunto affixed by

 

 

 

 

 

 

By:

/s/ James Edward Paisley

 

 

Name: James Edward Paisley

 

 

Title: Director

 

 

 

 

 

 

 

By:

/s/ Cher Choon Teck

 

 

Name: Cher Choon Teck

 

 

Title: Secretary

 

1

--------------------------------------------------------------------------------

 

 

GENERAL MARITIME MANAGEMENT (PORTUGAL), LDA.

 

 

 

 

By:

/s/ Rui Pais Pereira

 

 

Name: Rui Jorge Pais Pereira

 

 

Title: Manager

 

1

--------------------------------------------------------------------------------

 

 

LIMITED “GENERAL MARITIME CREWING”

 

 

 

 

 

 

By:

/s/ Gennadiy Liventsov

 

 

Name: Gennadiy Liventsov

 

 

Title:   Director

 

--------------------------------------------------------------------------------

 

 

GMR ADMINISTRATION CORP.,

 

as Subsidiary Guarantor

 

 

 

 

 

 

 

By:

/s/ John C. Georgiopoulos

 

 

Name: John C. Georgiopoulos

 

 

Title:   Director

 

 

 

 

GENERAL MARITIME MANAGEMENT LLC,

 

as Subsidiary Guarantor

 

 

 

 

 

 

 

By:

/s/ Milton H. Gonzales

 

 

Name: Milton H.

 

 

Title:   Manager and Technical Director

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

 

NAME OF INSTITUTION:

 

 

 

Fortis Capital Corp. as Agent for BNP Paribas

 

 

 

 

 

 

 

By:

/s/ Julie Lee

 

 

Name: Julie Lee

 

 

Title:   Vice President

 

 

 

 

By:

/s/ Barry K. Chung

 

 

Name: Barry K. Chung

 

 

Title:   Director

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

 

NAME OF INSTITUTION:

 

 

 

Fortis Alliance & Leicester plc

 

 

 

 

 

 

By:

/s/ Mark McCarthy

 

 

Name: Mark McCarthy

 

 

Title:   Head of Shipping

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

 

NAME OF INSTITUTION:

 

 

 

SUMITOMO MITSUI BAMKING CORPORATION

 

 

 

 

 

 

By:

/s/ Yoshiro Hyakutome

 

 

Name: Yoshiro Hyakutome

 

 

Title: General Manager

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

 

NAME OF INSTITUTION:

 

 

 

The Royal Bank of Scotland plc

 

 

 

 

 

 

 

By:

/s/ Graham Richard Locker

 

 

Name: Graham Richard Locker

 

 

Title:   Head of Transaction & Portfolio Management

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

NAME OF INSTITUTION:

 

 

 

Skandinaviska Enskalda Banken AB (publ)

 

 

 

 

 

 

 

By:

/s/ Bjarte Boe

 

 

Name: Bjarte Boe

 

 

Title:   Head Structured Finance

 

 

 

 

By:

/s/ Bengal Eliosson

 

 

Name: Bengel Eliasson

 

 

Title:

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

NAME OF INSTITUTION:

 

 

 

NATIXIS

 

 

 

 

 

 

By:

/s/ Amelie Zucchi

 

 

Name: Amelie Zucchi

 

 

Title:  Middle Officer

 

 

 

 

By:

/s/ Michael Degermann

 

 

Name: Michael Deggerman

 

 

Title: Head of Shipping Finance

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

NAME OF INSTITUTION:

 

 

 

Citibank N.A.

 

 

 

 

 

 

By:

/s/ Robert Malleck

 

 

Name: Robert Malleck

 

 

Title:   Director & Vice President

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

NAME OF INSTITUTION:

 

 

 

DNB NOR BANK ASA

 

 

 

 

 

 

By:

/s/ Nikolai A. Nachamkin

 

 

Name: Nikolai A. Nachamkin

 

 

Title:   Senior Vice President

 

 

 

 

By:

/s/ Giacomo Landi

 

 

Name: Giacomo Landi

 

 

Title: Senior Vice President

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

NAME OF INSTITUTION:

 

 

 

Danish Ship Finance A/S (Danmarks Skibskredit A/S)

 

 

 

 

 

 

 

By:

/s/ Denis Donbo

 

 

Name: Denis Donbo

 

 

Title:   Senior Vice President- Head of Credit

 

 

 

 

By:

/s/ Britt Andersen

 

 

Name: Britt Andersen

 

 

Title: Assistant Relationship Manager

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

NAME OF INSTITUTION:

 

 

 

Credit Industriel Et Commercial, new York Branch

 

 

 

 

 

 

 

By:

/s/ Andrew McKuin

 

 

Name: Andrew McKuin

 

 

Title:   Vice President

 

 

 

 

By:

/s/ Alex Aupoix

 

 

Name: Alex Aupoix

 

 

Title: Vice President

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

NAME OF INSTITUTION:

 

 

 

Commerzbank AG, Filiale Luxemburg

 

 

 

 

 

 

 

By:

/s/ Andrea Stockemer

 

 

Name: Andrea Stockemer

 

 

Title:

 

 

 

 

By:

/s/ Mert Yilmaz

 

 

Name: Mert Yilmaz

 

 

Title:

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

NAME OF INSTITUTION:

 

 

 

HSH Nordbank AG

 

 

 

 

 

 

 

By:

/s/ Bjorn Kaufmann

 

 

Name: Bjorn Kaufmann

 

 

Title:   Senior Vice President

 

 

 

 

By:

/s/ Carsteu Dreyer

 

 

Name: Carsteu Dreyer

 

 

Title: Assistant Vice President

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

NAME OF INSTITUTION:

 

 

 

UniCredit AG formerly known as Bayerische Hypo-und Vereinsbank AG

 

 

 

 

 

 

 

By:

/s/ Gohring

 

 

Name: Gohring

 

 

Title:   Assistant Vice President

 

 

 

 

By:

/s/ Trennt

 

 

Name: Trennt

 

 

Title: Vice President

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

NAME OF INSTITUTION:

 

 

 

Bank of Scotland plc

 

 

 

 

 

 

 

By:

/s/ Shelley Morrison

 

 

Name: Shelley Morrison

 

 

Title:   Associate Director

 

--------------------------------------------------------------------------------

 

 

SIGNATURE PAGE TO THE THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE FIRST
DATE WRITTEN ABOVE, AMONG GENERAL MARITIME CORPORATION, GENERAL MARITIME
SUBSIDIARY CORPORATION, VARIOUS FINANCIAL INSTITUTIONS AND NORDEA BANK FINLAND
PLC, NEW YORK BRANCH, AS ADMINISTRATIVE AGENT

 

 

 

NAME OF INSTITUTION:

 

 

 

Lloyds TS Bank plc

 

 

 

 

 

 

By:

/s/ Shelley Morrison

 

 

Name: Shelley Morrison

 

 

Title:   Associate Director

 

--------------------------------------------------------------------------------

 

ANNEX I

 

2010 Vessels

 

#

 

Collateral Vessels

 

Type

 

Size (dwt)

 

Built

 

Delivery Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Initial Vessels

 

 

 

 

 

 

 

 

 

1

 

2002 VLCC

 

VLCC Tanker

 

318,695

 

2002

 

2010

 

2

 

2003 VLCC

 

VLCC Tanker

 

318,325

 

2003

 

2010

 

3

 

2007 VLCC

 

VLCC Tanker

 

306,543

 

2007

 

2010

 

4

 

2007 VLCC

 

VLCC Tanker

 

306,005

 

2007

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Newbuilding Vessels

 

 

 

 

 

 

 

 

 

5

 

2010 VLCC

 

VLCC Tanker

 

305,795

 

2010

 

2010

 

6

 

2010 Suexmax

 

Suezmax Tanker

 

164,925

 

2010

 

2010

 

7

 

2011 Suezmacx

 

Suezmax Tanker

 

164,925

 

2011

 

2011

 

 

--------------------------------------------------------------------------------