Exhibit 10.2


 


FIRST AMENDMENT TO CREDIT AGREEMENT


 


FIRST
AMENDMENT TO CREDIT AGREEMENT, dated as of June 3, 2015 (this “First Amendment”),
among Overseas Shipholding Group, Inc., a Delaware corporation (“Holdings”),
OSG Bulk Ships, Inc., a New York corporation (the “Borrower”), the other Loan Parties party hereto, the Lenders
party hereto and Jefferies Finance LLC, as administrative agent (in such capacity, the “Administrative Agent”).
All capitalized terms used herein and not otherwise defined herein shall have the respective meanings provided to such terms in
the Credit Agreement (as defined below).


 


WITNESSETH


 


WHEREAS,
Holdings, the Borrower, the other Loan Parties, the lenders party thereto from time to time (each, a “Lender” and,
collectively, the “Lenders”), the Administrative Agent and the
other parties thereto are parties to that certain Term Loan Credit Agreement, dated as of August 5, 2014 (as amended by this First
Amendment and as may hereafter be amended, amended and restated, modified, supplemented, extended, renewed, restated or otherwise
modified from time to time, the “Credit Agreement”); and


 


WHEREAS,
Holdings, the Borrower, the other Loan Parties and the Lenders party hereto desire to amend the Credit Agreement as provided herein;


 


NOW,
THEREFORE, in consideration of the foregoing, the parties hereto hereby agree as follows:


 


SECTION
I.    Amendments to the Credit Agreement. On the First Amendment Effective Date
(as defined below), the parties hereto agree that the Credit Agreement is hereby amended as set forth in this Section I:


 


1.          Clause
(d) of the definition of “Available Amount” appearing in Section1.01
of the Credit Agreement is hereby amended by deleting the text “(ix)(II)”
appearing therein and inserting the text “(xi)(II)” in lieu thereof.


 


2.          Clause
(c) of the definition of “Change in Control” contained in Section1.01
of the Credit Agreement is hereby amended by deleting the following text contained therein:


 


“(excluding,
in the case of both preceding clauses (i) and (ii), any individual whose initial nomination for, or assumption of office as, a
member of that Board of Directors occurs as a result of an actual (or threatened) solicitation of proxies or consents for the election
or removal of one or more directors by any person or group other than a solicitation for the election of one or more directors
by or on behalf of the Board of Directors)”.


 


3.          Section
5.01(a) of the Credit Agreement is hereby amended by deleting the
text “As soon as available and in any event within” appearing therein and inserting the word “Within” in
lieu thereof.


 




    	 



    	 



    

  


4.          Section
5.01(b) of the Credit Agreement is hereby amended by deleting the text “As soon
as available and in any event within” appearing therein and inserting the word “Within” in lieu thereof.


 


5.          Section
5.01(c) of the Credit Agreement is hereby amended by deleting the text “As soon
as available and in any event within” appearing therein and inserting the word “Within” in lieu thereof.


 


6.          Section
5.16(h) of the Credit Agreement is hereby deleted in its entirety and the following inserted
in lieu thereof:


 


“(h)
Each Restricted Party which enters into a Permitted Charter of a Collateral Vessel for an initial or extended period (in each case
including extension options) in excess of 12 months shall cause to be included in such Permitted Charter or extension thereof a
provision confirming the priority of any preferred ship mortgages covering such Collateral Vessel over the rights of the charterer
under such Permitted Charter, and upon such Restricted Party’s request, the Mortgage Trustee shall enter into, with such
charterer, a quiet enjoyment agreement substantially in the form of Exhibit P together with such additional terms reasonably requested
by such charterer, subject to the Mortgage Trustee’s consent, such consent not to be unreasonably withheld or delayed.”


 


7.          The
first sentence of Sections 6.05 of the Credit Agreement is hereby amended by
deleting the text “(or agree to do any of the foregoing at any time)” appearing therein.


 


8.          The
first sentence of Sections 6.06 of the Credit Agreement is hereby amended by
deleting the text “or agree to effect any disposition of any property,” appearing therein.


 


9.          The
first sentence of Sections 6.07 of the Credit Agreement is hereby amended by
deleting the text “(or agree to do any of the foregoing at any time)” appearing therein.


 


SECTION
II.    Effectiveness. This First Amendment shall become
effective as of the date (the “First Amendment Effective Date”)
on which the following conditions have been satisfied:


 


1.          the
Administrative Agent shall have received copies of signature pages to this First Amendment, duly executed and delivered (including
by way of facsimile or other electronic transmission) by the Administrative Agent, the Loan Parties and the Required Lenders;


 


2.          (a)
no Default shall have occurred and be continuing on the First Amendment Effective Date or would occur after giving effect to this
First Amendment and (b) both immediately before and after giving effect to this First Amendment, each of the representations and
warranties made by any Loan Party set forth in Article III of the Credit Agreement
or in any other Term Loan Document shall be true and correct in all material respects (or true and correct in all respects in the
case of representations and warranties qualified by materiality or Material Adverse Effect) on and as of the First Amendment Effective
Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly
relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects
(or true and correct in all respects in the case of representations and warranties qualified by materiality or Material Adverse
Effect) on and as of such earlier date);


 




    	-2-



    	 



    

  


3.          the
Borrower shall have paid to the Administrative Agent, for the account of each Lender that has delivered to the Administrative Agent
an executed counterpart of this First Amendment on or prior to 5:30 p.m., New York City time, on June 1, 2015, a fee in an aggregate
amount equal to 0.05% of the aggregate principal amount of all Term Loans of such Lender outstanding on the First Amendment Effective
Date; and


 


4.          the
Borrower shall have paid to theAdministrative Agent and its Affiliates, all costs, fees and expenses (including legal fees
and expenses of White & Case LLP) owing in connection with this First Amendment and the other Term Loan Documents to the extent
invoiced (in the case of costs and expenses) at least one Business Day prior to the First Amendment Effective Date.


 


SECTION III.  Miscellaneous Provisions.


 


1.          Except
as expressly provided herein, (a) the Credit Agreement and the other Term Loan Documents shall be unmodified and shall continue
to be in full force and effect in accordance with their terms, and (b) this First Amendment shall not be deemed a waiver or modification
of any other term or condition of any Term Loan Document and shall not be deemed to prejudice any right or rights which Administrative
Agent or any Lender may now have or may have in the future under or in connection with any Term Loan Document or any of the instruments
or agreements referred to therein, as the same may be amended from time to time.


 


2.          This
First 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 by facsimile or electronic transmission of an executed counterpart of a signature page to this First
Amendment shall be effective as delivery of an original executed counterpart of this First Amendment.


 


3.          THIS
FIRST AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY
THE LAWS OF THE STATE OF NEW YORK, AND THE PROVISIONS OF THE CREDIT AGREEMENT UNDER THE HEADING “GOVERNING LAW; JURISDICTION;
CONSENT TO SERVICE OF PROCESS”, AS SET FORTH IN SECTION 11.09 OF THE CREDIT AGREEMENT, ARE INCORPORATED HEREIN BY
THIS REFERENCE.


 




    	-3-



    	 



    

  


4.          From
and after the date hereof, (a) all references in the Credit Agreement and each of the other Term Loan Documents to the
Credit Agreement shall be deemed to be references to the Credit Agreement, as modified hereby, and (b) this First Amendment
shall be deemed to constitute a “Term Loan Document” for all purposes of the Credit Agreement.


 


[Remainder
of page left intentionally blank.]


 


	 	*	*	*	 


 




    	-4-



    	 



    

  


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


 


	 	OVERSEAS
    SHIPHOLDING GROUP, INC.,
	 	as Holdings and a Guarantor
	 	 	 
	 	By:	/s/
    Ian T. Blackley
	 	 	Name: Ian T. Blackley
	 	 	Title: President and Chief Executive Officer


 


	 	OSG
    BULK SHIPS, INC.,
	 	as the Borrower and a Guarantor
	 	 	 
	 	By:	/s/
    Ian T. Blackley
	 	 	Name: Ian T. Blackley
	 	 	Title: Senior Vice President, Chief Financial Officer and Assistant Secretary


 


	 	OSG
    AMERICA L.P. 
	 	By:
    OSG AMERICA LLC
	 	Its: General Partner
	 	 	 
	 	OSG AMERICA LLC
	 	as a Subsidiary Guarantor
	 	 	 
	 	By:	/s/
    Ian T. Blackley
	 	 	Name: Ian T. Blackley
	 	 	Title: President and Chief Executive Officer


 


	 	MARITRANS
    OPERATING COMPANY L.P.
	 	By:
    MARITRANS GENERAL PARTNER INC.
	 	Its:
General Partner 



	 	 	 
	 	MARITRANS
    GENERAL PARTNER INC.
	 	as a Subsidiary Guarantor
	 	 	 
	 	By:	/s/
    Ian T. Blackley
	 	 	Name: Ian T .Blackley
	 	 	Title: President


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 

 


	 	OSG SHIP MANAGEMENT INC.,
	 	as a Subsidiary Guarantor 
	 	 
	 	By:	/s/ Ian T. Blackley
	 	 	Name: Ian T. Blackley
	 	 	Title: Senior Vice President


 


	 	MYKONOS TANKER LLC
	 	OSG 192 LLC
	 	OSG 209 LLC
	 	OSG 214 LLC
	 	OSG 242 LLC
	 	OSG 243 LLC
	 	OSG 244 LLC
	 	OSG 252 LLC
	 	OSG 254 LLC
	 	OSG AMERICA OPERATING COMPANY LLC
	 	OSG COLUMBIA LLC
	 	OSG COURAGEOUS LLC
	 	OSG DELAWARE BAY LIGHTERING LLC
	 	OSG ENDURANCE LLC
	 	OSG ENTERPRISE LLC
	 	OSG HONOUR LLC
	 	OSG INTREPID LLC
	 	OSG MARITRANS PARENT LLC
	 	OSG NAVIGATOR LLC
	 	OSG PRODUCT TANKERS AVTC, LLC
	 	OVERSEAS ANACORTES LLC
	 	OVERSEAS BOSTON LLC
	 	OVERSEAS HOUSTON LLC
	 	OVERSEAS LONG BEACH LLC
	 	OVERSEAS LOS ANGELES LLC
	 	OVERSEAS MARTINEZ LLC
	 	OVERSEAS NEW YORK LLC
	 	OVERSEAS NIKISKI LLC
	 	OVERSEAS ST HOLDING LLC
	 	OVERSEAS TAMPA LLC
	 	OVERSEAS TEXAS CITY LLC
	 	SANTORINI TANKER LLC
	 	each, as a Subsidiary Guarantor


 


	 	By:	/s/ Ian T. Blackley
	 	 	Name: Ian T. Blackley
	 	 	Title: Manager


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

  


	 	OSG INDEPENDENCE LLC
	 	as a Subsidiary Guarantor 
	 	 
	 	By:	/s/ Ian T. Blackley
	 	 	Name: Ian T. Blackley
	 	 	Title: Manager and Assistant Secretary


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

  


	 	JEFFERIES FINANCE LLC, as 
	 	Administrative Agent
	 	 	 
	 	By:	/s/ J. Paul McDonnell
	 	Name:	J. Paul McDonnell 
	 	Title:	Managing Director


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

  


	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Collective Trust High Yield Fund
	 	By: Alcentra NY, LLC, as investment advisor
	 	 
	 	By:	/s/ Stephen Sylvester
	 	Name: 	Stephen Sylvester
	 	Title:	 Senior Credit Analyst
	 	 
	 	By:
	 	Name:
	 	Title:


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

  


	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Global-Loan SV S.Ã r.l.
	 	Executed by Alcentra Limited as Portfolio Manager,

                                             and Alcentra NY, LLC as Sub-Manager, for and on

                                             behalf of Global-Loan SV Sarl

	 	 	 
	 	By:	/s/ Stephen Sylvester
	 	Name: 	Stephen Sylvester
	 	Title: 	Senior Credit Analyst
	 	 
	 	By:
	 	Name:
	 	Title:


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]





 




    	 



    	 



    

 

 


SIGNATURE
PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC.,
OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 





	 	ORION
ALloan
	 	 	 
	 	By:	/s/ Stephen Sylvester
	 	Name:	Stephen Sylvester
	 	Title:	Senior Credit Analyst


 


	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment
to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE
PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC.,
OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 





	 	Shackleton 2013-III CLO, Ltd.
	 	BY: Alcentra NY, LLC, as investment advisor







 


	 	By:	/s/ Stephen Sylvester
	 	Name:	Stephen Sylvester
	 	Title:	Senior Credit Analyst
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE
PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC.,
OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 





	 	Shackleton 2013-IV CLO, LTD

                                                              by Alcentra NY, LLC as its Collateral Manager











 


	 	By:	/s/ Stephen Sylvester 
	 	Name:	Stephen Sylvester 
	 	Title:	Senior Credit Analyst
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE
PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC.,
OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 





	 	Shackleton 2014-V CLO, Ltd.










 


	 	By:	/s/ Stephen Sylvester 
	 	Name:	Stephen Sylvester 
	 	Title:	Senior Credit Analyst
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE
PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC.,
OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 





	 	Shackleton 2014-VI CLO, Ltd.
	 	BY: Alcentra NY, LLC as its Collateral Manager







 


	 	By:	/s/ Stephen Sylvester 
	 	Name:	Stephen Sylvester 
	 	Title:	Senior Credit Analyst
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE
PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC.,
OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 





	 	Shackleton 2015-VII CLO, Ltd 

BY: Alcentra NY, LLC as its Collateral Manager










 


	 	By:	/s/ Stephen Sylvester 
	 	Name:	Stephen Sylvester 
	 	Title:	Senior Credit Analyst
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE
PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC.,
OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 





	 	Shackleton I CLO, Ltd.
	 	BY: Alcentra NY, LLC, as investment advisor







 


	 	By:	/s/ Stephen Sylvester
	 	Name:	Stephen Sylvester
	 	Title	Senior Credit Analyst
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE
PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC.,
OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 





	 	Shackleton II CLO, Ltd.
	 	BY: Alcentra NY, LLC







 


	 	By:	/s/ Stephen Sylvester
	 	Name:	Stephen Sylvester
	 	Title:	Senior Credit Analyst
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE
PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC.,
OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 





	 	Dreyfus/Laurel Funds Trust - Dreyfus High Yield Fund
	 	By: Alcentra NY, LLC, as investment advisor







 





	 	By:	/s/ Stephen Sylvester 
	 	Name:	Stephen Sylvester 
	 	Title:	Senior Credit Analyst
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 




 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE
PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC.,
OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 





	 	US Bank Loan Fund (M) Master Trust

                                                              By: Alcentra NY, LLC, as investment advisor








 


	 	By:	/s/ Stephen Sylvester
	 	Name:	Stephen Sylvester
	 	Title:	Senior Credit Analyst
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 

 


SIGNATURE
PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC.,
OSG BULK SHIPS, INC., THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 


	 	Anchorage Capital CLO 3, Ltd.
	 	BY: Anchorage Capital Group, L.L.C., its
	 	Investment Manager
	 	 	 
	 	By:	/s/ Melissa Griffiths
	 	Name:	Melissa Griffiths
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment
to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Anchorage Capital CLO 2013-1, Ltd.
	 	BY: Anchorage Capital Group, L.L.C., its
	 	Investment Manager
	 	 	 
	 	By:	/s/ Melissa Griffiths
	 	Name:	Melissa Griffiths
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Anchorage Capital CLO 2012-1, Ltd.
	 	BY: Anchorage Capital Group, L.L.C., its
	 	Investment Manager
	 	 	 
	 	By:	/s/ Melissa Griffiths
	 	Name:	Melissa Griffiths
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Anchorage Capital CLO 4, Ltd.
	 	BY: Anchorage Capital Group, L.L.C., its
	 	Investment Manager
	 	 	 
	 	By:	/s/ Melissa Griffiths
	 	Name:	Melissa Griffiths
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JFIN CLO 2012 LTD
	 	By: Apex Credit Partners, as Portfolio Manager
	 	 	 
	 	By:	/s/ David Wells
	 	Name:	David Wells
	 	Title:	Managing Director


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JFIN CLO 2013 LTD
	 	By: Apex Credit Partners, as Portfolio Manager
	 	 	 
	 	By:	/s/ David Wells
	 	Name:	David Wells
	 	Title:	Managing Director


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JFIN CLO 2014 LTD
	 	By: Apex Credit Partners, as Portfolio Manager
	 	 	 
	 	By:	/s/ David Wells
	 	Name:	David Wells
	 	Title:	Managing Director


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JFIN CLO 2014-II LTD
	 	By: Apex Credit Partners, as Portfolio Manager
	 	 	 
	 	By:	/s/ David Wells
	 	Name:	David Wells
	 	Title:	Managing Director


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JFIN CLO 2015 LTD
	 	By: Apex Credit Partners, as Portfolio Manager
	 	 	 
	 	By:	/s/ David Wells
	 	Name:	David Wells
	 	Title:	Managing Director


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ARES ENHANCED LOAN INVESTMENT STRATEGY IR LTD.
	 	BY: ARES ENHANCED LOAN MANAGEMENT IR, L.P., AS PORTFOLIO MANAGER
	 	BY: ARES ENHANCED LOAN IR GP, LLC, ITS GENERAL PARTNER
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ARES XXIII CLO LTD.
	 	BY: ARES CLO MANAGEMENT XXIII, L.P., 

ITS ASSET MANAGER
	 	BY: ARES CLO GP XXIII, LLC, ITS GENERAL PARTNER
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ARES XXIX CLO LTD.
	 	By: Ares CLO Management XXIX, L.P., its Asset Manager
	 	By: Ares CLO GP XXIX, LLC, its General Partner
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ARES XXVI CLO LTD.
	 	BY: Ares CLO Management XXVI, L.P., its Collateral Manager
	 	By: Ares CLO GP XXVI, LLC, its General Partner
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ARES XXVII CLO LTD.
	 	By: Ares CLO Management XXVII, L.P., its Asset Manager
	 	By: Ares CLO GP XXVII, LLC, its General Partner
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ARES XXVIII CLO LTD.
	 	By: Ares CLO Management XXVIII, L.P., its Asset Manager
	 	By: Ares CLO GP XXVIII, LLC, its General Partner
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ARES XXX CLO LTD.
	 	By: Ares CLO Management XXX, L.P., its Asset Manager
	 	By: Ares CLO GP XXX, LLC, its General Partner
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Ares XXXI CLO Ltd.
	 	By: Ares CLO Management XXXI, L.P., its Portfolio Manager
	 	By: Ares Management LLC, its General Partner
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Ares XXXII CLO Ltd.
	 	By: Ares CLO Management XXXII, L.P., its Asset Manager
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Ares XXXIII CLO Ltd.
	 	By: Ares CLO Management XXXIII, L.P., its Asset Manager
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ENHANCED LOAN INVESTMENT STRATEGY
	 	By: Ares Management Limited, its Investment Manager
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	KAISER FOUNDATION HOSPITALS
	 	BY: Ares Management LLC, as portfolio manager
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Lloyds Bank Pension Trust (No. 2) Limited as trustee of Lloyds Bank Pension Scheme No. 2
	 	BY: Ares Management Limited, its Investment Manager
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Lloyds Bank Pension Trust (No. 1) Limited as trustee of Lloyds Bank Pension Scheme No. 1
	 	BY: Ares Management Limited, its Investment Manager
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Renaissance Floating Rate Income Fund
	 	BY: Ares Capital Management II LLC, as Portfolio Sub-Advisor
	 	 	 
	 	By:	/s/ John Eanes
	 	Name:	John Eanes
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Arrowpoint CLO 2013-1, LTD
	 	 	 
	 	By:	/s/ Colby Stilson
	 	Name:	Colby Stilson
	 	Title:	Portfolio Manager
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 





 






1 If second
signature line is required.


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Arrowpoint CLO 2014-2, LTD
	 	 	 
	 	By:	/s/ Colby Stilson
	 	Name:	Colby Stilson
	 	Title:	Portfolio Manager
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 





 






1 If second
signature line is required.


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Black Diamond CLO 2013-1 Ltd.
	 	By: Black Diamond CLO 2013-1 Adviser, L.L.C. As its Collateral Manager
	 	 	 
	 	By:	/s/ Stephen H. Deckoff
	 	Name:	Stephen H. Deckoff
	 	Title:	Managing Principal
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Black Diamond CLO 2014-1 Ltd.
	 	By: Black Diamond CLO 2014-1 Adviser, L.L.C.
	 	As its Collateral Manager
	 	 	 
	 	By:	/s/ Stephen H. Deckoff
	 	Name:	Stephen H. Deckoff
	 	Title:	Managing Principal
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Magnetite IX, Limited
	 	BY: BlackRock Financial Management, Inc., its Collateral Manager
	 	 	 
	 	By:	/s/ Rob Jacobi
	 	Name:	Rob Jacobi
	 	Title:	Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Magnetite VI, Limited
	 	BY: BlackRock Financial Management, Inc., its Collateral Manager
	 	 	 
	 	By:	/s/ Rob Jacobi
	 	Name:	Rob Jacobi
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Magnetite VII, Limited
	 	BY: BlackRock Financial Management Inc., Its Collateral Manager
	 	 	 
	 	By:	/s/ Rob Jacobi
	 	Name:	Rob Jacobi
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Magnetite VIII, Limited
	 	BY: BlackRock Financial Management Inc., Its Collateral Manager
	 	 	 
	 	By:	/s/ Rob Jacobi
	 	Name:	Rob Jacobi
	 	Title:	Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Dauphin Funding LLC
	 	By: FS Global Credit Opportunities Fund as Sole Member
	 	By: GSO Capital Partners LP as Sub-Adviser
	 	 	 
	 	By:	/s/ Thomas Iannarone
	 	Name:	Thomas Iannarone
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	BNPP IP CLO 2014 — I Ltd.,

as an Existing Lender
	 	 	 
	 	By:	/s/ Vanessa Ritter
	 	Name:	Vanessa Ritter
	 	Title:	Portfolio Manager


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	BNPP IP CLO 2014 —II LLC,

as an Existing Lender
	 	 	 
	 	By:	/s/ Vanessa Ritter
	 	Name:	Vanessa Ritter
	 	Title:	Portfolio Manager


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	B&M CLO 2014-1 Ltd.
	 	 	 
	 	By:	/s/ John Heitkemper
	 	Name:	John Heitkemper
	 	Title:	Portfolio Manager
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Employees' Retirement System of the State of Hawaii
	 	By: Bradford & Marzec, LLC as Investment Advisor on behalf of the Employees' Retirement System of the State of Hawaii, account number 17-14428/HIE52
	 	 	 
	 	By:	/s/ John Heitkemper
	 	Name:	John Heitkemper
	 	Title:	Portfolio Manager
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Canyon Capital CLO 2012-1 Ltd.
	 	BY: Canyon Capital Advisors, its Asset Manager
	 	 	 
	 	By:	/s/ Jonathan M. Kaplan
	 	Name:	Jonathan M. Kaplan
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Canyon Capital CLO 2014-1, Ltd.
	 	BY: Canyon Capital Advisors LLC, Its Asset Manager
	 	 	 
	 	By:	/s/ Jonathan M. Kaplan
	 	Name:	Jonathan M. Kaplan
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Canyon Capital CLO 2014-2, Ltd.
	 	BY: Canyon Capital Advisors LLC, Its Asset Manager
	 	 	 
	 	By:	/s/ Jonathan M. Kaplan
	 	Name:	Jonathan M. Kaplan
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Canyon Capital CLO 2015-1, LTD.
	 	By: Canyon Capital Advisors LLC, a Delaware limited liability company, its Collateral Manager
	 	 	 
	 	By:	/s/ Jonathan M. Kaplan
	 	Name:	Jonathan M. Kaplan
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Active Portfolios Multi-Manager Core Plus Bond Fund
	 	BY: TCW Asset Management Company as Investment Manager
	 	 	 
	 	By:	/s/ Bibi Khan
	 	Name:	Bibi Khan
	 	Title:	Managing Director
	 	 	 
	 	By:	/s/ Nora Olan
	 	Name:	Nora Olan
	 	Title:	Senior Vice President


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	COVENANT CREDIT PARTNERS CLO II, LTD.,
	 	 	 
	 	By:	/s/ Brian Horton
	 	Name:	Brian Horton
	 	Title:	MD


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	COVENANT CREDIT PARTNERS CLO I, LTD.,
	 	 	 
	 	By:	/s/ Brian Horton
	 	Name:	Brian Horton
	 	Title:	MD


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ATRIUM IX
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By:	/s/ Ilan Friedman
	 	Name:	Ilan Friedman
	 	Title:	Authorized Signatory


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ATRIUM XI
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By:	/s/ Ilan Friedman
	 	Name:	Ilan Friedman
	 	Title:	Authorized Signatory


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Credit Suisse High Yield Bond Fund
	 	By: Credit Suisse Asset Management, LLC, as investment adviser
	 	 	 
	 	By:	/s/ Ilan Friedman
	 	Name:	Ilan Friedman
	 	Title:	Authorized Signatory


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	HYFI LOAN FUND
	 	By: Credit Suisse Asset Management, LLC, as investment manager
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	By:	/s/ Ilan Friedman
	 	Name:	Ilan Friedman
	 	Title:	Authorized Signatory


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	MADISON PARK FUNDING XVII, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By:	/s/ Ilan Friedman
	 	Name:	Ilan Friedman
	 	Title:	Authorized Signatory


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	MADISON PARK FUNDING XIV, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By:	/s/ Ilan Friedman
	 	Name:	Ilan Friedman
	 	Title:	Authorized Signatory


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	MADISON PARK FUNDING XV, LTD,
	 	By: Credit Suisse Asset Management, LLC, as portfolio
    manager
	 	 	 
	 	By:	/s/
    Ilan Friedman
	 	 	 
	 	Name:	Ilan Friedman
	 	Title:	Authorized Signatory


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	PK-SSL Investment Fund Limited Partnership
	 	By: Credit Suisse Asset Management, LLC, as its Investment
    Manager
	 	 	 
	 	By:	/s/
    Ilan Friedman
	 	 	 
	 	Name:	Ilan Friedman
	 	Title:	Authorized Signatory


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	QUALCOMMGLOBAL TRADING PTE. LTD.
	 	By: Credit Suisse Asset Management, LLC, as its investment
    manager
	 	 	 
	 	By:	/s/
    Ilan Friedman
	 	 	 
	 	Name:	Ilan Friedman
	 	Title:	Authorized Signatory


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	State of New Mexico State Investment Council
	 	By authority delegated to the New Mexico State Investment Office
	 	By Credit Suisse Asset Management, LLC, its investment
    manager
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	By:	/s/ Ilan Friedman
	 	 	 
	 	Name:	Ilan Friedman
	 	Title:	Authorized Signatory


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	THE EATON CORPORATION MASTER RETIREMENT TRUST
	 	By: Credit Suisse Asset Management, LLC, as Investment manager
	 	 	 
	 	By:	/s/ Ilan Friedman
	 	 	 
	 	Name:	Ilan Friedman
	 	Title:	Authorized Signatory


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Vibrant CLO II, Ltd.
	 	By: DFG Investment Advisers, Inc., as Portfolio Manager
	 	 	 
	 	By:	/s/ David Millison
	 	Name: 	David Millison
	 	Title: 	Managing Partner and Senior Portfolio Manager
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Vibrant CLO III, Ltd.
	 	BY: DFG Investment Advisers, Inc.
	 	 	 
	 	By:	/s/ David Millison
	 	Name: 	David Millison
	 	Title: 	Managing Partner and Senior Portfolio Manager
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	VIBRANT CLO, LTD.
	 	By: DFG Investment Advisers, Inc. as Portfolio Manager
	 	 	 
	 	By:	/s/ David Millison
	 	Name: 	David Millison
	 	Title: 	Managing Partner and Senior Portfolio Manager
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Advanced Series Trust-AST FI Pyramis Quantitative Portfolio
	 	 
	 	By: Pyramis Global Advisors LLC as Investment Manager
	 	 	 
	 	By:	/s/ RICHARD SYNRED
	 	Name: 	RICHARD SYNRED
	 	Title: 	DIRECTOR


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Ballyrock CLO 2013-1 Limited
	 	 
	 	By: Ballyrock Investment Advisors LLC, as Collateral Manager
	 	 	 
	 	By:	/s/ Lisa Rymut
	 	Name: 	Lisa Rymut
	 	Title: 	Assistant Treasurer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Fidelity Advisor Series I: Fidelity Advisor Floating Rate 

High Income Fund
	 	 	 
	 	By:	/s/ Joe Zambello
	 	Name: 	Joe Zambello
	 	Title: 	Deputy Treasurer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Fidelity Central Investment Portfolios LLC: Fidelity

 Floating Rate Central Fund
	 	 	 
	 	By:	/s/ Joe Zambello
	 	Name: 	Joe Zambello
	 	Title: 	Deputy Treasurer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Fidelity Floating Rate High Income Investment Trust
	 	 
	 	for Fidelity Investments Canada ULC as Trustee of Fidelity Floating Rate High Income Investment Trust
	 	 	 
	 	By:	/s/ Joe Zambello
	 	Name: 	Joe Zambello
	 	Title: 	Deputy Treasurer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Fidelity Floating Rate High Income Fund
	 	 
	 	for Fidelity Investments Canada ULC as Trustee of Fidelity Floating Rate High Income Fund
	 	 	 
	 	By:	/s/ Joe Zambello
	 	Name: 	Joe Zambello
	 	Title: 	Deputy Treasurer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Fidelity Income Fund: Fidelity Total Bond Fund
	 	 	 
	 	By:	/s/ Joe Zambello
	 	Name: 	Joe Zambello
	 	Title: 	Deputy Treasurer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Pyramis Leveraged Loan LP
	 	 
	 	By: Pyramis Global Advisors LLC as Investment Manager
	 	 	 
	 	By:	/s/ Richard Synred
	 	Name: 	Richard Synred
	 	Title: 	Director


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Variable Insurance Products Fund: Floating Rate High 

Income Portfolio
	 	 	 
	 	By:	/s/ Joe Zambello
	 	Name: 	Joe Zambello
	 	Title: 	Deputy Treasurer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JEFFERIES LEVERAGED CREDIT PRODUCTS, LLC
	 	 	 
	 	By:	/s/ William P. McLoughlin
	 	Name: 	William P. McLoughlin
	 	Title: 	
        Senior Vice President

        Jefferies Leveraged Credit Products, LLC



 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JMP CREDIT ADVISORS CLO II LTD.
	 	By: JMP Credit Advisors LLC
	 	As Attorney-in-Fact
	 	 	 
	 	By:	/s/ April C. Lowry
	 	Name: 	April C. Lowry
	 	Title: 	Director


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JMP CREDIT ADVISORS CLO III LTD.
	 	By: JMP Credit Advisors LLC
	 	As Attorney-in-Fact
	 	 	 
	 	By:	/s/ April C. Lowry
	 	Name: 	April C. Lowry
	 	Title: 	Director


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Advanced Series Trust – AST High Yield Portfolio
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 






1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Commingled Pension Trust Fund
	 	(Floating Rate Income) of JPMorgan Chase Bank, N.A.
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Commingled Pension Trust Fund
	 	(High Yield) of JPMorgan Chase Bank, N.A.
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JPMorgan Chase Bank N.A. as Trustee of the JPMorgan Chase Retirement Plan
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JPMorgan Floating Rate Income Fund
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JPMorgan Global Bond Opportunities Fund
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JPMorgan High Yield Fund
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	J.P. Morgan Leveraged Loans Master Fund, LP
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JPMorgan Senior Secured Loan Fund Limited
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JPMorgan Short Duration High Yield Fund
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JPMorgan Specialist Investment Funds – JPMorgan Senior Loan Fund
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JPMorgan Specialist Investment Funds – JPMorgan Multi Sector Credit Fund
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 







    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JPMorgan Strategic Income Opportunities Fund
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 







    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	JPMorgan Unconstrained Debt Fund (PKA JPMorgan Multi-Sector Income Fund)
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


  


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 







    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Unipension Invest, F.M.B.A. High Yield Obligationer II
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


  


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 







    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Louisiana State Employees’ Retirement System
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 







    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	LVIP - JPMorgan High Yield Fund
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 







    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Pacholder High Yield Fund, Inc.
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


  


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 







    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Pension Benefit Guaranty Corporation
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


  


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 







    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Principal Funds, Inc – High Yield Fund I
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 







    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Remuda Capital Management, LTD
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 







    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Senior Secured Loan Fund, a Series Trust of JPMorgan Trust 2
	 	 	 
	 	By:	/s/ William J. Morgan
	 	Name: 	William J. Morgan
	 	Title: 	Managing Director
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 





1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 










    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	LLCP LOAN FUNDING 2007
	 	 	 
	 	By:	/s/ Shehzeen Ahmed
	 	Name: 	Shehzeen Ahmed
	 	Title: 	Authorized Signatory
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	LLCP PROP FUND, LLC
	 	 	 
	 	By:	/s/ Zachary L. Leichtman-Levine
	 	Name: 	Zachary L. Leichtman-Levine
	 	Title: 	Vice President
	 	 	 
	 	By:	/s/ Ronnie Kaplan
	 	Name:	Ronnie Kaplan
	 	Title:	Portfolio Manager


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 




 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Metropolitan West Floating Rate Income Fund

        BY: Metropolitan West Asset Management as Investment Manager

	 	 	 
	 	By:	/s/ Bibi Khan
	 	Name: 	Bibi Khan
	 	Title: 	Managing Director
	 	 	 
	 	By:	/s/ Nora Olan
	 	Name:	Nora Olan
	 	Title:	Senior Vice President


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Metropolitan West High Yield Bond Fund

        BY: Metropolitan West Asset Management as Investment Manager

	 	 	 
	 	By:	/s/ Bibi Khan
	 	Name: 	Bibi Khan
	 	Title: 	Managing Director
	 	 	 
	 	By:	/s/ Nora Olan
	 	Name:	Nora Olan
	 	Title:	Senior Vice President


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Pictet - US High Yield

        BY: Metropolitan West Asset Management as Investment Manager

	 	 	 
	 	By:	/s/ Bibi Khan
	 	Name: 	Bibi Khan
	 	Title: 	Managing Director
	 	 	 
	 	By:	/s/ Nora Olan
	 	Name:	Nora Olan
	 	Title:	Senior Vice President


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Pictet Sicav II - US High Yield

        BY: Metropolitan West Asset Management as Investment Manager

	 	 	 
	 	By:	/s/ Bibi Khan
	 	Name: 	Bibi Khan
	 	Title: 	Managing Director
	 	 	 
	 	By:	/s/ Nora Olan
	 	Name:	Nora Olan
	 	Title:	Senior Vice President


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Oaktree CLO 2014-2 Ltd.
	 	By: Oaktree Capital Management, L.P.
	 	Its: Collateral Manager
	 	 	 
	 	By:	/s/ Narmeen Azad
	 	Name: 	Narmeen Azad
	 	Title: 	Vice President
	 	 	 
	 	By:	/s/ Armen Panossian
	 	Name:	Armen Panossian
	 	Title:	Managing Director


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Oaktree EIF II Series A1, Ltd.
	 	By: Oaktree Capital Management, L.P.
	 	its: Collateral Manager
	 	 	 
	 	By:	/s/ Narmeen Azad
	 	Name: 	Narmeen Azad
	 	Title: 	Vice President
	 	 	 
	 	By:	/s/ Armen Panossian
	 	Name:	Armen Panossian
	 	Title:	Managing Director


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Octagon Investment Partners XX, Ltd.
	 	By: Octagon Credit Investors, LLC
	 	as Portfolio Manager
	 	 	 
	 	By:	/s/ Kimberly Wong Lem
	 	Name: 	Kimberly Wong Lem
	 	Title: 	Director of Portfolio Administration
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Octagon Investment Partners XXII, Ltd
	 	By: Octagon Credit Investors, LLC
	 	as Collateral Manager
	 	 	 
	 	By:	/s/ Kimberly Wong Lem
	 	Name: 	Kimberly Wong Lem
	 	Title: 	Director of Portfolio Administration
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Octagon Loan Funding, Ltd.
	 	By: Octagon Credit Investors, LLC
	 	as Collateral Manager
	 	 	 
	 	By:	/s/ Kimberly Wong Lem
	 	Name: 	Kimberly Wong Lem
	 	Title: 	Director of Portfolio Administration
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	OCP Credit Trust	 
	By: Onex Credit Partners, LLC, its manager	 
	 	 	 
	 	By:	/s/ Paul Marhan
	 	Name: 	Paul Marhan
	 	Title: 	Portfolio Manager


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	Onex Senior Credit Fund, L.P.	 
	By: Onex Credit Partners, LLC, its 

investment manager	 
	 	 	 
	 	By:	/s/ Paul Marhan
	 	Name: 	Paul Marhan
	 	Title: 	Portfolio Manager


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	Onex Senior Credit II, LP	 
	By: Onex Credit Partners, LLC, its

investment manager	 
	 	 	 
	 	By:	/s/ Paul Marhan
	 	Name: 	Paul Marhan
	 	Title: 	Portfolio Manager


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	OZLM Funding II, Ltd.
	 	
        By: Och-Ziff Loan Management LP, its collateral manager

        By: Och-Ziff Loan Management LLC, its general partner

	 	 	 
	 	By:	/s/ Joel Frank
	 	Name: 	Joel Frank
	 	Title: 	Chief Financial Officer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	OZLM Funding III, Ltd.
	 	
        By: Och-Ziff Loan Management LP, its collateral manager

        By: Och-Ziff Loan Management LLC, its general partner

	 	 	 
	 	By:	/s/ Joel Frank
	 	Name: 	Joel Frank
	 	Title: 	Chief Financial Officer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	OZLM Funding IV, Ltd.
	 	
        By: Och-Ziff Loan Management LP, its collateral manager

        By: Och-Ziff Loan Management LLC, its general partner

	 	 	 
	 	By:	/s/ Joel Frank
	 	Name: 	Joel Frank
	 	Title: 	Chief Financial Officer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	OZLM Funding, Ltd.
	 	
        By: Och-Ziff Loan Management LP, its collateral manager

        By: Och-Ziff Loan Management LLC, its general partner

	 	 	 
	 	By:	/s/ Joel Frank
	 	Name: 	Joel Frank
	 	Title: 	Chief Financial Officer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	OZLM Funding V, Ltd.
	 	
        By: Och-Ziff Loan Management LP, its collateral manager

        By: Och-Ziff Loan Management LLC, its general partner

	 	 	 
	 	By:	/s/ Joel Frank
	 	Name: 	Joel Frank
	 	Title: 	Chief Financial Officer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	OZLM IX, Ltd.
	 	
        By: Och-Ziff Loan Management LP, its collateral manager

        By: Och-Ziff Loan Management LLC, its general partner

	 	 	 
	 	By:	/s/ Joel Frank
	 	Name: 	Joel Frank
	 	Title: 	Chief Financial Officer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	OZLM VI, Ltd.
	 	
        By: Och-Ziff Loan Management LP, its collateral manager

        By: Och-Ziff Loan Management LLC, its general partner

	 	 	 
	 	By:	/s/ Joel Frank
	 	Name: 	Joel Frank
	 	Title: 	Chief Financial Officer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	OZLM VII, Ltd.
	 	
        By: Och-Ziff Loan Management LP, its collateral manager

        By: Och-Ziff Loan Management LLC, its general partner

	 	 	 
	 	By:	/s/ Joel Frank
	 	Name: 	Joel Frank
	 	Title: 	Chief Financial Officer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	OZLM VIII, Ltd.
	 	
        By: Och-Ziff Loan Management LP, its collateral manager

        By: Och-Ziff Loan Management LLC, its general partner

	 	 	 
	 	By:	/s/ Joel Frank
	 	Name: 	Joel Frank
	 	Title: 	Chief Financial Officer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	OZLM X, Ltd.
	 	
        By: Och-Ziff Loan Management LP, its collateral manager

        By: Och-Ziff Loan Management LLC, its general partner

	 	 	 
	 	By:	/s/ Joel Frank
	 	Name: 	Joel Frank
	 	Title: 	Chief Financial Officer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	OZLM XI, Ltd.
	 	
        By: Och-Ziff Loan Management LP, its collateral manager

        By: Och-Ziff Loan Management LLC, its general partner

	 	 	 
	 	By:	/s/ Joel Frank
	 	Name: 	Joel Frank
	 	Title: 	Chief Financial Officer


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        TRALEE CLO III, LTD.

        By: Par-Four Investment Management, LLC

        As Collateral Manager

	 	 	 
	 	By:	/s/ Dennis Gorczyca
	 	Name: 	Dennis Gorczyca
	 	Title: 	Managing Director
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Dryden 30 Senior Loan Fund

        By: Prudential Investment Management, Inc.,

        as Collateral Manager

	 	 	 
	 	By:	/s/ Joseph Lemanowicz
	 	Name: 	Joseph Lemanowicz
	 	Title: 	Vice President
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


  


 






1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Dryden 31 Senior Loan Fund

        By: Prudential Investment Management, Inc.,

        as Collateral Manager

	 	 	 
	 	By:	/s/ Joseph Lemanowicz
	 	Name: 	Joseph Lemanowicz
	 	Title: 	Vice President
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 








 



1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Dryden 33 Senior Loan Fund

        By: Prudential Investment Management, Inc.,

        as Collateral Manager

	 	 	 
	 	By:	/s/ Joseph Lemanowicz
	 	Name: 	Joseph Lemanowicz
	 	Title: 	Vice President
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 


 






1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Dryden 34 Senior Loan Fund

        By: Prudential Investment Management, Inc.,

        as Collateral Manager

	 	 	 
	 	By:	/s/ Joseph Lemanowicz
	 	Name: 	Joseph Lemanowicz
	 	Title: 	Vice President
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 









1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Dryden XXV Senior Loan Fund

        By: Prudential Investment Management, Inc.,

        as Collateral Manager

	 	 	 
	 	By:	/s/ Joseph Lemanowicz
	 	Name: 	Joseph Lemanowicz
	 	Title: 	Vice President
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 





 



1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Dryden XXVIII Senior Loan Fund

        By: Prudential Investment Management, Inc.,

        as Collateral Manager

	 	 	 
	 	By:	/s/ Joseph Lemanowicz
	 	Name: 	Joseph Lemanowicz
	 	Title: 	Vice President
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 







 



1
If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Pramerica Loan Opportunities Limited

        By: Pramerica Investment Management, a
        trading name of Prudential Investment Management, Inc.

        as Investment Manager

	 	 	 
	 	By:	/s/ Joseph Lemanowicz
	 	Name: 	Joseph Lemanowicz
	 	Title: 	Vice President
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 





 



1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Prudential Bank Loan Fund of the Prudential Trust

 Company Collective
        Trust

        By: Prudential Investment Management, Inc.,

        as Investment Advisor

	 	 	 
	 	By:	/s/ Joseph Lemanowicz
	 	Name: 	Joseph Lemanowicz
	 	Title: 	Vice President
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 








 



1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Prudential Investment Portfolios, Inc. 14 - 

Prudential Floating
        Rate Income Fund

        By: Prudential Investment Management, Inc.,

        as Investment Advisor

	 	 	 
	 	By:	/s/ Joseph Lemanowicz
	 	Name: 	Joseph Lemanowicz
	 	Title: 	Vice President
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 


 








1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	CAVALRY CLO II
	 	 
	 	
        By: Regiment Capital Management, LLC,

        its Investment Adviser

	 	 	 
	 	By:	/s/ Mark Brostowski
	 	 	Mark Brostowski 
	 	 	Authorized Signatory


 








 



1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	CAVALRY CLO III, LTD.
	 	 
	 	By: Regiment Capital
        Management, LLC,

        its Investment Adviser

	 	 	 
	 	By:	/s/ Mark A. Brostowski 
	 	 	Mark A. Brostowski 
	 	 	Authorized Signatory


 






 



1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 







    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	CAVALRY CLO IV, LTD.
	 	 
	 	By: Regiment Capital
        Management, LLC,

        its Investment Adviser

	 	 	 
	 	By:	/s/ Mark A. Brostowski 
	 	 	Mark A. Brostowski 
	 	 	Authorized Signatory


 


 


 



1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	CAVALRY CLO V, LTD.
	 	 
	 	By: Regiment Capital
        Management, LLC,

        its Investment Adviser

	 	 	 
	 	By:	/s/ Mark A. Brostowski 
	 	 	Mark A. Brostowski 
	 	 	Authorized Signatory


 





 



1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	RIMROCK HIGH INCOME PLUS (MASTER) FUND, LTD.
	 	RIMROCK LOW VOLATILITY (MASTER) FUND, LTD.
	 	 	as a Lender
	 	By:	Rimrock Capital, as its investment manager
	 	 	 
	 	By:	/s/ S. Blumeti
	 	Name:	S. Blumeti
	 	Title:	MD


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Mountain View CLO 2013-1 Ltd.
	 	By: Seix Investment Advisors LLC, as Collateral Manager
	 	 
	 	Mountain View CLO 2014-1 Ltd.
	 	By: Seix Investment Advisors LLC, as Collateral Manager
	 	 
	 	as Lenders
	 	 	 
	 	By:	/s/ George Goudelias
	 	 	Name:	George Goudelias
	 	 	Title:	Managing Director


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Solus Senior High Income Fund LP
	 	
        By: Solus Alternative Asset Management LP

        Its Investment Advisor

	 	 	 
	 	By:	/s/ Christopher Pucillo
	 	Name:	Christopher Pucillo
	 	Title:	President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Steele Creek CLO 2014-1, LTD.

        BY: Steele Creek Investment Management LLC

	 	 	 
	 	By:	/s/ Alan DeKeukelaere
	 	Name:	Alan DeKeukelaere
	 	Title:	Senior Research Analyst
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Steele Creek CLO 2015-1, LTD.
	 	 	 
	 	By:	/s/ Alan DeKeukelaere
	 	Name:	Alan DeKeukelaere
	 	Title:	Senior Research Analyst
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        ACE American Insurance Company

        BY: T. Rowe Price Associates, Inc. as investment advisor

	 	 	 
	 	By:	/s/ Brian Burns
	 	Name:	Brian Burns 
	 	Title:	Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	T. Rowe Price Floating Rate Multi-Sector Account Portfolio
	 	 	 
	 	By:	/s/ Brian Burns
	 	Name:	Brian Burns 
	 	Title:	Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	T. Rowe Price Institutional Floating Rate Fund
	 	 	 
	 	By:	/s/ Brian Burns
	 	Name:	Brian Burns 
	 	Title:	Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	T. Rowe Price Floating Rate Fund, Inc.
	 	 	 
	 	By:	/s/ Brian Burns
	 	Name:	Brian Burns 
	 	Title:	Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Lockwood Grove CLO, Ltd.

        By: Tall Tree Investment Management, LLC

        as Collateral Manager

	 	 	 
	 	By:	/s/ Frank J. Sherrod
	 	Name:	Frank J. Sherrod
	 	Title:	Chief Operating Officer
	 	 	 
	 	[By:	Not Applicable
	 	Name:	 
	 	Title:]1	 


 








 



1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Nelder Grove CLO, Ltd.

        By: Tall Tree Investment Management, LLC

        as Collateral Manager

	 	 	 
	 	By:	/s/ Frank J. Sherrod
	 	Name:	Frank J. Sherrod
	 	Title:	Chief Operating Officer
	 	 	 
	 	[By:	Not Applicable
	 	Name:	 
	 	Title:]1	 


 








 



1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	
        Tuolumne Grove CLO, Ltd.

        By: Tall Tree Investment Management, LLC

        as Collateral Manager

	 	 	 
	 	By:	/s/ Frank J. Sherrod
	 	Name:	Frank J. Sherrod
	 	Title:	Chief Operating Officer
	 	 	 
	 	[By:	Not Applicable
	 	Name:	 
	 	Title:]1	 


 





 



1 If second signature line is required.


 


[Signature
Page to First Amendment to OBS Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 






 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Figueroa CLO 2013-1, Ltd.
	 	BY: TCW Asset Management Company as Investment Manager
	 	 	 
	 	By:	/s/ Bibi Khan
	 	Name:	Bibi Khan
	 	Title:	Managing Director
	 	 	 
	 	By:	/s/ Nora Olan
	 	Name:	Nora Olan
	 	Title:	Senior Vice President


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG INTERNATIONAL, INC.,
OIN DELAWARE LLC, THE OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT


 


	 	FIGUEROA CLO 2013-2, LTD
	 	BY: TCW Asset Management Company as Investment Manager
	 	 	 
	 	By:	/s/ Bibi Khan
	 	Name:	Bibi Khan
	 	Title:	Managing Director
	 	 	 
	 	By:	/s/ Nora Olan
	 	Name:	Nora Olan
	 	Title:	Senior Vice President


 


[Signature Page to First Amendment to OIN
Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Figueroa CLO 2014-1, Ltd.
	 	BY: TCW Asset Management Company as Investment Manager
	 	 	 
	 	By:	/s/ Bibi Khan
	 	Name:	Bibi Khan
	 	Title:	Managing Director
	 	 	 
	 	By:	/s/ Nora Olan
	 	Name:	Nora Olan
	 	Title:	Senior Vice President


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Variable Portfolio - TCW Core Plus Bond Fund
	 	BY: TCW Asset Management Company as Investment Manager
	 	 	 
	 	By:	/s/ Bibi Khan
	 	Name:	Bibi Khan
	 	Title:	Managing Director
	 	 	 
	 	By:	/s/ Nora Olan
	 	Name:	Nora Olan
	 	Title:	Senior Vice President


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	THL Credit Wind River 2014-2 CLO Ltd.
	 	BY: THL Credit Senior Loan Strategies LLC, as Manager
	 	 	 
	 	By:	/s/ Kathleen Zarn
	 	Name:	Kathleen Zarn
	 	Title:	Managing Director
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Crown Point CLO II Ltd.
	 	 	 
	 	By:	/s/ John D’Angelo
	 	Name:	John D’Angelo
	 	Title:	Sr. Portfolio Manager
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Crown Point CLO Ltd.
	 	 	 
	 	By:	/s/ John D’Angelo
	 	Name:	John D’Angelo
	 	Title:	Sr. Portfolio Manager
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Aston Hill Voya Floating Rate Income Fund
	 	By: Voya Investment Management Co. LLC, as its portfolio advisor
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Axis Specialty Limited
	 	By: Voya Investment Management Co. LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	BayernInvest Alternative Loan-Fonds
	 	BY: Voya Investment Management Co. LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	California Public Employees' Retirement System
	 	BY: Voya Investment Management Co. LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	City of New York Group Trust
	 	BY: Voya Investment Management Co. LLC as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	IBM Personal Pension Plan Trust
	 	BY: Voya Investment Management Co. LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ING High Income Floating Rate Fund
	 	BY: Voya Investment Management Co. LLC, as its investment advisor
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ISL Loan Trust
	 	BY: Voya Investment Management Co. LLC, as its investment advisor
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ISL Loan Trust II
	 	BY: Voya Investment Management Co. LLC, as its investment advisor
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Medtronic Holding Switzerland GMBH
	 	By: Voya Investment Management Co. LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	NEW MEXICO STATE INVESTMENT COUNCIL
	 	BY: Voya Investment Management Co. LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya CLO 2012-2, Ltd.
	 	BY: Voya Alternative Asset Management LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya CLO 2012-3, Ltd.
	 	BY: Voya Alternative Asset Management LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya CLO 2012-4, Ltd.
	 	BY: Voya Alternative Asset Management LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya CLO 2013-3, Ltd.
	 	BY: Voya Alternative Asset Management LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya CLO 2014-1, Ltd.
	 	BY: Voya Alternative Asset Management LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya CLO 2014-2, Ltd.
	 	BY: Voya Alternative Asset Management LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya CLO 2014-3, Ltd.
	 	BY: Voya Alternative Asset Management LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya CLO 2014-4, Ltd.
	 	BY: Voya Alternative Asset Management LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya CLO 2015-1, Ltd.
	 	By: Voya Alternative Asset Management LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya CLO II, Ltd.
	 	BY: Voya Alternative Asset Management LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya Floating Rate Fund
	 	BY: Voya Investment Management Co. LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya Investment Trust Co. Plan for Common Trust Funds - Voya Senior Loan Common Trust Fund
	 	BY: Voya Investment Trust Co. as its trustee
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya Investment Trust Co. Plan for Employee Benefit Investment Funds - Voya Senior Loan Trust Fund
	 	BY: Voya Investment Trust Co. as its trustee
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Voya Prime Rate Trust
	 	BY: Voya Investment Management Co. LLC, as its investment manager
	 	 	 
	 	By:	/s/ Mark Haak
	 	Name:	Mark Haak
	 	Title:	Senior Vice President
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ARBITRAGE CREDIT OPPORTUNITIES FUND
	 	 	 
	 	By:	/s/ Jon Hickey
	 	Name:	Jon Hickey
	 	Title:	Director of Operations
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 








 





1 If second signature line is required.


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	ARBITRAGE EVENT-DRIVEN FUND
	 	 	 
	 	By:	/s/ Jon Hickey
	 	Name:	Jon Hickey
	 	Title:	Director of Operations
	 	 	 
	 	[By:	 
	 	Name:	 
	 	Title:]1	 


 











 





1 If second signature line is required.


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	City of New York Group Trust
	 	 	 
	 	By:	/s/ Charles C Williams Jr
	 	Name:	Charles C Williams Jr
	 	Title:	Operations Manager
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	CSAA Insurance Exchange
	 	 	 
	 	By:	/s/ Benjamin Fandinola
	 	Name:	Benjamin Fandinola
	 	Title:	Trade Operations Specialist
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Mt. Whitney Securities, LLC
	 	 	 
	 	By:	/s/ Benjamin Fandinola
	 	Name:	Benjamin Fandinola
	 	Title:	Trade Operations Specialist
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Wells Fargo Advantage Multi-Sector Income Fund
	 	 	 
	 	By:	/s/ Benjamin Fandinola
	 	Name:	Benjamin Fandinola
	 	Title:	Trade Operations Specialist
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Wells Fargo Advantage Strategic Income Fund
	 	 	 
	 	By:	/s/ Benjamin Fandinola
	 	Name:	Benjamin Fandinola
	 	Title:	Trade Operations Specialist
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]


 




    	 



    	 



    

 


SIGNATURE PAGE TO THE FIRST AMENDMENT
TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., THE
OTHER LOAN PARTIES PARTY THERETO, THE LENDERS PARTY THERETO AND JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT


 


	 	Floating Rate Loan Fund, a series of 525 Market Street

 Fund, LLC
	 	by: Wells Capital Management, Investment Advisor
	 	 	 
	 	By:	/s/ Benjamin Fandinola
	 	Name:	Benjamin Fandinola
	 	Title:	Trade Operations Specialist
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


[Signature Page to First Amendment to OBS
Term Loan Credit Agreement (2015)]