Exhibit 10.1


 


THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT


 


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


 


W I T N E S S E T H :


 


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


 


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


 


NOW,
THEREFORE, it is agreed:


 


I.              Amendments to Credit Agreement.


 


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


 


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


 


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


 


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


 

















 


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


 


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


 


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


 


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


 


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


 


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


 


II.            Miscellaneous Provisions.


 


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


 


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


 


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


 


2

















 


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


 


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


 


*        *        *


 


3

















 


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


 


 


	
   

  	
  GENERAL MARITIME
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John C. Georgiopoulos

  
	
   

  	
   

  	
  Name: John C.
  Georgiopoulos

  
	
   

  	
   

  	
  Title: Executive Vice
  President, Treasurere and Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GENERAL MARITIME
  SUBSIDIARY CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John C. Georgiopoulos

  
	
   

  	
   

  	
  Name: John C.
  Georgiopoulos

  
	
   

  	
   

  	
  Title: Director

  



 

















 


	
   

  	
  NORDEA BANK FINLAND PLC,
  NEW YORK BRANCH,

  
	
   

  	
  Individually
  and as Administrative Agent and Collateral Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Colleen Durkin

  
	
   

  	
   

  	
  Name: Colleen Durkin

  
	
   

  	
   

  	
  Title: First Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Hans Kjelsrud

  
	
   

  	
   

  	
  Name: Hans Kjelsrud

  
	
   

  	
   

  	
  Title: Executive Vice
  President

  



 


1

















 


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


 


 


	
   

  	
  Acknowledged
  and Agreed by:

  
	
   

  	
   

  
	
   

  	
  GMR
  DAPHNE LLC

  
	
   

  	
  GMR
  AGAMEMNON LLC

  
	
   

  	
  GMR
  AJAX LLC

  
	
   

  	
  GMR
  ALEXANDRA LLC

  
	
   

  	
  GMR
  ARGUS LLC

  
	
   

  	
  GMR
  CONSTANTINE LLC

  
	
   

  	
  GMR
  DEFIANCE LLC

  
	
   

  	
  GMR
  GEORGE T. LLC

  
	
   

  	
  GMR
  GULF LLC

  
	
   

  	
  GMR
  HARRIET G. LLC

  
	
   

  	
  GMR
  HOPE LLC

  
	
   

  	
  GMR
  HORN LLC

  
	
   

  	
  GMR
  KARA G. LLC

  
	
   

  	
  GMR
  MINOTAUR LLC

  
	
   

  	
  GMR
  ORION LLC

  
	
   

  	
  GMR
  PHOENIX LLC

  
	
   

  	
  GMR
  PRINCESS LLC

  
	
   

  	
  GMR
  PROGRESS LLC

  
	
   

  	
  GMR
  REVENGE LLC

  
	
   

  	
  GMR
  SPYRIDON LLC

  
	
   

  	
  GMR
  ST. NIKOLAS LLC

  
	
   

  	
  GMR
  STRENGTH LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:
    Manager

  



 


2

















 


	
   

  	
  ARLINGTON
  TANKERS LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  VISION
  LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  VICTORY
  LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  COMPANION
  LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  COMPATRIOT
  LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  CONCEPT
  LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title: Director

  



 


1

















 


	
   

  	
  CONCORD
  LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  CONSUL
  LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  CONTEST
  LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:Director

  



 


2

















 


	
   

  	
  GMR
  CHARTERING LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:
  Manager

  



 


1
















 


	
   

  	
  GMR
  ELEKTRA LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:Manager

  



 


1

















 


	
   

  	
  THE
  COMMON SEAL of

  
	
   

  	
  GENERAL
  MARITIME CREWING PTE. LTD.

  
	
   

  	
  was
  hereunto affixed by

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  James Edward Paisley

  
	
   

  	
   

  	
  Name:
  James Edward Paisley

  
	
   

  	
   

  	
  Title:
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Cher Choon Teck

  
	
   

  	
   

  	
  Name:
  Cher Choon Teck

  
	
   

  	
   

  	
  Title:
  Secretary

  



 


1

















 


	
   

  	
  GENERAL
  MARITIME MANAGEMENT (PORTUGAL), LDA.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Rui Pais Pereira

  
	
   

  	
   

  	
  Name: Rui Jorge Pais Pereira

  
	
   

  	
   

  	
  Title:
  Manager

  



 


1

















 


	
   

  	
  LIMITED
  “GENERAL MARITIME CREWING”

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Gennadiy Liventsov

  
	
   

  	
   

  	
  Name:
  Gennadiy Liventsov

  
	
   

  	
   

  	
  Title:
    Director

  



 

















 


	
   

  	
  GMR
  ADMINISTRATION CORP.,

  
	
   

  	
  as Subsidiary Guarantor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Name:
  John C. Georgiopoulos

  
	
   

  	
   

  	
  Title:
    Director

  
	
   

  	
   

  	
   

  
	
   

  	
  GENERAL
  MARITIME MANAGEMENT LLC,

  
	
   

  	
  as Subsidiary Guarantor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Milton H. Gonzales

  
	
   

  	
   

  	
  Name:
  Milton H.

  
	
   

  	
   

  	
  Title:   Manager and Technical Director

  



 

















 


	
   

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

  
	
   

  	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  Fortis
  Capital Corp. as Agent for BNP Paribas

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Julie Lee

  
	
   

  	
   

  	
  Name:
  Julie Lee

  
	
   

  	
   

  	
  Title:
    Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Barry K. Chung

  
	
   

  	
   

  	
  Name:
  Barry K. Chung

  
	
   

  	
   

  	
  Title:   Director

  



 

















 


	
   

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

  
	
   

  	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  Fortis
  Alliance & Leicester plc

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Mark McCarthy

  
	
   

  	
   

  	
  Name:
  Mark McCarthy

  
	
   

  	
   

  	
  Title:
    Head of Shipping

  



 

















 


	
   

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

  
	
   

  	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  SUMITOMO
  MITSUI BAMKING CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Yoshiro Hyakutome

  
	
   

  	
   

  	
  Name:
  Yoshiro Hyakutome

  
	
   

  	
   

  	
  Title:
  General Manager

  
				



 

















 


	
   

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

  
	
   

  	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  The
  Royal Bank of Scotland plc

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Graham Richard Locker

  
	
   

  	
   

  	
  Name:
  Graham Richard Locker

  
	
   

  	
   

  	
  Title:
    Head of Transaction &
  Portfolio Management

  



 
















 


	
   

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

  
	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  Skandinaviska
  Enskalda Banken AB (publ)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Bjarte Boe

  
	
   

  	
   

  	
  Name:
  Bjarte Boe

  
	
   

  	
   

  	
  Title:
    Head Structured Finance

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Bengal Eliosson

  
	
   

  	
   

  	
  Name:
  Bengel Eliasson

  
	
   

  	
   

  	
  Title:

  



 

















 


	
   

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

  
	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  NATIXIS

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Amelie Zucchi

  
	
   

  	
   

  	
  Name:
  Amelie Zucchi

  
	
   

  	
   

  	
  Title:  Middle Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Michael Degermann

  
	
   

  	
   

  	
  Name:
  Michael Deggerman

  
	
   

  	
   

  	
  Title:
  Head of Shipping Finance

  



 

















 


	
   

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

  
	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  Citibank
  N.A.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Robert Malleck

  
	
   

  	
   

  	
  Name:
  Robert Malleck

  
	
   

  	
   

  	
  Title:   Director & Vice President

  



 

















 


	
   

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

  
	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  DNB
  NOR BANK ASA

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Nikolai A. Nachamkin

  
	
   

  	
   

  	
  Name:
  Nikolai A. Nachamkin

  
	
   

  	
   

  	
  Title:   Senior Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Giacomo Landi

  
	
   

  	
   

  	
  Name:
  Giacomo Landi

  
	
   

  	
   

  	
  Title:
  Senior Vice President

  



 

















 


	
   

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

  
	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

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

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Denis Donbo

  
	
   

  	
   

  	
  Name:
  Denis Donbo

  
	
   

  	
   

  	
  Title:   Senior Vice President- Head of Credit

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Britt Andersen

  
	
   

  	
   

  	
  Name:
  Britt Andersen

  
	
   

  	
   

  	
  Title:
  Assistant Relationship Manager

  



 

















 


	
   

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

  
	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  Credit
  Industriel Et Commercial, new York Branch

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Andrew McKuin

  
	
   

  	
   

  	
  Name:
  Andrew McKuin

  
	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Alex Aupoix

  
	
   

  	
   

  	
  Name:
  Alex Aupoix

  
	
   

  	
   

  	
  Title:
  Vice President

  



 

















 


	
   

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

  
	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  Commerzbank
  AG, Filiale Luxemburg

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Andrea Stockemer

  
	
   

  	
   

  	
  Name:
  Andrea Stockemer

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Mert Yilmaz

  
	
   

  	
   

  	
  Name:
  Mert Yilmaz

  
	
   

  	
   

  	
  Title:

  



 

















 


	
   

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

  
	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  HSH
  Nordbank AG

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Bjorn Kaufmann

  
	
   

  	
   

  	
  Name:
  Bjorn Kaufmann

  
	
   

  	
   

  	
  Title:   Senior Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Carsteu Dreyer

  
	
   

  	
   

  	
  Name:
  Carsteu Dreyer

  
	
   

  	
   

  	
  Title:
  Assistant Vice President

  



 

















 


	
   

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

  
	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  UniCredit
  AG formerly known as Bayerische Hypo-und Vereinsbank AG

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Gohring

  
	
   

  	
   

  	
  Name:
  Gohring

  
	
   

  	
   

  	
  Title:   Assistant Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Trennt

  
	
   

  	
   

  	
  Name:
  Trennt

  
	
   

  	
   

  	
  Title:
  Vice President

  



 

















 


	
   

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

  
	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  Bank
  of Scotland plc

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Shelley Morrison

  
	
   

  	
   

  	
  Name:
  Shelley Morrison

  
	
   

  	
   

  	
  Title:   Associate Director

  



 

















 


	
   

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

  
	
   

  	
   

  
	
   

  	
  NAME
  OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
  Lloyds
  TS Bank plc

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Shelley Morrison

  
	
   

  	
   

  	
  Name:
  Shelley Morrison

  
	
   

  	
   

  	
  Title:   Associate Director

  



 

















 


ANNEX I


 


2010 Vessels


 


	
  #

  	
   

  	
  Collateral Vessels

  	
   

  	
  Type

  	
   

  	
  Size (dwt)

  	
   

  	
  Built

  	
   

  	
  Delivery Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Initial Vessels

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1

  	
   

  	
  2002 VLCC

  	
   

  	
  VLCC
  Tanker

  	
   

  	
  318,695

  	
   

  	
  2002

  	
   

  	
  2010

  	
   

  
	
  2

  	
   

  	
  2003 VLCC

  	
   

  	
  VLCC
  Tanker

  	
   

  	
  318,325

  	
   

  	
  2003

  	
   

  	
  2010

  	
   

  
	
  3

  	
   

  	
  2007 VLCC

  	
   

  	
  VLCC
  Tanker

  	
   

  	
  306,543

  	
   

  	
  2007

  	
   

  	
  2010

  	
   

  
	
  4

  	
   

  	
  2007 VLCC

  	
   

  	
  VLCC
  Tanker

  	
   

  	
  306,005

  	
   

  	
  2007

  	
   

  	
  2010

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Newbuilding
  Vessels

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5

  	
   

  	
  2010 VLCC

  	
   

  	
  VLCC
  Tanker

  	
   

  	
  305,795

  	
   

  	
  2010

  	
   

  	
  2010

  	
   

  
	
  6

  	
   

  	
  2010 Suexmax

  	
   

  	
  Suezmax
  Tanker

  	
   

  	
  164,925

  	
   

  	
  2010

  	
   

  	
  2010

  	
   

  
	
  7

  	
   

  	
  2011 Suezmacx

  	
   

  	
  Suezmax
  Tanker

  	
   

  	
  164,925

  	
   

  	
  2011

  	
   

  	
  2011