Document:

gnk_Ex10_54

		
			Exhibit 10.54
		

		
			 
		

		
			REGISTRATION RIGHTS AGREEMENT
		

		
			 
		

		
			This Registration Rights Agreement (this “Agreement”) is made and entered into as of November 15, 2016, by and among Genco Shipping & Trading Limited, a Marshall Islands corporation (the “Company”), and the other parties signatory hereto and any additional parties identified on the signature pages of any joinder agreement executed and delivered pursuant hereto (each a “Holder” and collectively, the “Holders”).
		

		
			 
		

		
			WHEREAS, this Agreement is entered into pursuant to that certain Purchase Agreement, dated as of the date hereof, by and between the Company and each Holder.  
		

		
			 
		

		
			NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and each of the Holders agree as follows:
		

		
			 
		

		
			1.         Definitions.
		

		
			 
		

		
			Capitalized terms used and not otherwise defined herein that are defined in the Purchase Agreement shall have the meanings given such terms in the Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings:
		

		
			 
		

		
			“Advice” shall have the meaning set forth in Section 6(d).
		

		
			 
		

		
			“Common Stock” means the Company’s Common Stock, par value $0.01 per share.
		

		
			 
		

		
			“Conversion Date” means the date on which the Series A Preferred Stock is converted to Common Stock.
		

		
			 
		

		
			“Effectiveness Deadline” means, with respect to the Initial Registration Statement required to be filed hereunder, the 60th calendar day following the date the Initial Registration Statement is filed hereunder (or, in the event of a “full review” by the SEC, the 90th calendar day following the date the Initial Registration Statement is filed hereunder) and with respect to any additional Registration Statements which may be required pursuant to Section 2(c) or Section 3(c), the 90th calendar day following the date on which an additional Registration Statement is required to be filed hereunder (or, in the event of a “full review” by the SEC, the 150th calendar day following the date such additional Registration Statement is required to be filed hereunder); provided,  however, that in the event the Company is notified by the SEC that one or more of the above Registration Statements will not be reviewed or is no longer subject to further review and comments, the Effectiveness Deadline as to such Registration Statement shall be the fifth Trading Day following the date on which the Company is so notified if such date precedes the dates otherwise required above, provided, further, if such Effectiveness Deadline falls on a day that is not a 
		

		
			
		

		
			

		 

		

			 

		

 

		

		
			Trading Day, then the Effectiveness Deadline shall be the next succeeding Trading Day.
		

		
			 
		

		
			“Effectiveness Period” shall have the meaning set forth in Section 2(a).
		

		
			 
		

		
			“Event” shall have the meaning set forth in Section 2(d).
		

		
			 
		

		
			“Event Date” shall have the meaning set forth in Section 2(d).
		

		
			 
		

		
			“Filing Deadline” means, with respect to the Initial Registration Statement required hereunder, the 30th calendar day following the Conversion Date, with respect to any additional Registration Statements which may be required pursuant to Section 2(c) or Section 3(c), the earliest practical date on which the Company is permitted by SEC Guidance to file such additional Registration Statement related to the Registrable Securities.
		

		
			 
		

		
			“Holder” or “Holders” shall have the meaning set forth in the Preamble.
		

		
			 
		

		
			“Indemnified Party” shall have the meaning set forth in Section 5(c).
		

		
			 
		

		
			“Indemnifying Party” shall have the meaning set forth in Section 5(c).
		

		
			 
		

		
			“Initial Registration Statement” means the initial Registration Statement filed pursuant to this Agreement.
		

		
			 
		

		
			“Losses”  shall have the meaning set forth in Section 5(a).
		

		
			 
		

		
			“Plan of Distribution” shall have the meaning set forth in Section 2(a). 
		

		
			 
		

		
			“Prospectus” means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated by the SEC pursuant to the 1933 Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by a Registration Statement, and all other amendments and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such Prospectus.
		

		
			 
		

		
			“Registrable Securities” means, as of any date of determination, (a) all Conversion Shares and (b) any securities issued or then issuable upon any stock split, dividend or other distribution,  recapitalization or similar event with respect to the foregoing; provided, however, that any such Registrable Securities shall cease to be Registrable Securities (and the Company shall not be required to maintain the effectiveness of any, or file another, Registration Statement 
		

		
			
		

		
			

		 

		

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			hereunder with respect thereto) if (a) a Registration Statement with respect to the sale of such Registrable Securities is declared effective by the SEC under the 1933 Act and such Registrable Securities have been disposed of by the Holder in accordance with such effective Registration Statement, (b) such Registrable Securities have been previously sold in accordance with Rule 144 or Section 4(1) of the 1933 Act, or (c) such securities become eligible for resale without volume or manner-of-sale restrictions and without current public information pursuant to Rule 144.
		

		
			 
		

		
			“Registration Statement” means any registration statement required to be filed hereunder pursuant to Section 2(a) and any additional registration statements contemplated by Section 2(c) or Section 3(c), including (in each case) the Prospectus, amendments and supplements to any such registration statement or Prospectus, including pre- and post-effective amendments, all exhibits thereto, and all material incorporated by reference or deemed to be incorporated by reference in any such registration statement.
		

		
			 
		

		
			“Required Holders” means Holders or their permitted transferees in accordance with Section 6(g) hereof who beneficially own (calculated in accordance with Rule 13d-3 under the 1934 Act without giving effect to any limitation on the conversion of the Series A Preferred Stock set forth therein) a majority of the Registrable Securities.
		

		
			 
		

		
			“Rule 415” means Rule 415 promulgated by the SEC pursuant to the 1933 Act, as such Rule may be amended or interpreted from time to time, or any similar rule or regulation hereafter adopted by the SEC having substantially the same purpose and effect as such Rule.
		

		
			 
		

		
			“Rule 424” means Rule 424 promulgated by the SEC pursuant to the 1933 Act, as such Rule may be amended or interpreted from time to time, or any similar rule or regulation hereafter adopted by the SEC having substantially the same purpose and effect as such Rule.
		

		
			 
		

		
			“Selling Stockholder Questionnaire” shall have the meaning set forth in Section 3(a).
		

		
			 
		

		
			“SEC Guidance” means (i) any publicly-available written or oral guidance of the SEC staff, or any comments, requirements or requests of the SEC staff and (ii) the 1933 Act and the rules and regulations promulgated thereunder.
		

		
			 
		

		
			“Series A Preferred Stock” means the Company’s Series A Convertible Preferred Stock, par value $0.01 per share 
		

		
			 
		

		
			“Trading Day” means a day on which the principal Trading Market is open for trading.
		

		
			
		

		
			

		 

		

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			“Trading Market” means whichever of the New York Stock Exchange, the NYSE Amex, the NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market, OTC Bulletin Board, or OTC Markets Group marketplace on which the Common Stock is listed or quoted for trading on the date in question.
		

		
			 
		

		
			2.         Shelf Registration.
		

		
			 
		

		
			(a)       On or prior to each Filing Deadline, the Company shall prepare and file with the SEC a Registration Statement covering the resale of all of the Registrable Securities that are not then registered on an effective Registration Statement for an offering to be made on a continuous basis pursuant to Rule 415.  Each Registration Statement filed hereunder shall be on Form S-3 (except if the Company is not then eligible to register for resale the Registrable Securities on Form S-3, in which case such registration shall be on another appropriate form in accordance herewith, subject to the provisions of Section 2(e)) and shall contain (except if otherwise required pursuant to written comments received from the SEC upon a review of such Registration Statement) substantially the “Plan of Distribution” attached hereto as Annex A   (which may be modified to respond to comments, if any, provided by the SEC or to reflect any non-material changes).  Subject to the terms of this Agreement, the Company shall use its commercially reasonable efforts to cause a Registration Statement filed under this Agreement (including, without limitation, under Section 3(c)) to be declared effective under the 1933 Act as promptly as practicable after the filing thereof, but in any event no later than the applicable Effectiveness Deadline, and shall use its commercially reasonable efforts to keep such Registration Statement continuously effective under the 1933 Act until there are no Registrable Securities covered by such Registration Statement (the “Effectiveness Period”).  The Company shall request effectiveness of a Registration Statement as of 5:00 p.m. Eastern Time on a Trading Day.   The Company shall promptly notify the Holders via facsimile or by e-mail of the effectiveness of a Registration Statement.  The Company shall, by 9:30 a.m. Eastern Time on the second Trading Day after the effective date of such Registration Statement, file a final Prospectus with the SEC as required by Rule 424.  Failure to so notify the Holder within one (1) Trading Day of such notification of effectiveness or failure to file a final Prospectus as foresaid shall be deemed an Event under Section 2(d). 
		

		
			 
		

		
			(b)       Notwithstanding the registration obligations set forth in Section 2(a), if the SEC informs the Company that all of the Registrable Securities cannot, as a result of the application of Rule 415, be registered for resale as a secondary offering on a single registration statement, the Company agrees to promptly inform each of the Holders thereof and use its commercially reasonable efforts to file amendments to the Initial Registration Statement as required by the SEC, covering the maximum number of Registrable Securities permitted to be registered by the SEC, on Form S-3 or such other form available to register for resale the Registrable Securities as a secondary offering, subject to the provisions 
		

		
			
		

		
			

		 

		

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			of Section 2(e), with respect to filing on Form S-3 or other appropriate form, and subject to the provisions of Section 2(d) with respect to the payment of liquidated damages; provided,  however, that prior to filing such amendment, the Company shall be obligated to use diligent efforts to advocate with the SEC for the registration of all of the Registrable Securities in accordance with the SEC Guidance, including without limitation, Compliance and Disclosure Interpretation 612.09. 
		

		
			 
		

		
			(c)       Notwithstanding any other provision of this Agreement and subject to the payment of liquidated damages pursuant to Section 2(d), if the SEC or any SEC Guidance sets forth a limitation on the number of Registrable Securities permitted to be registered on a particular Registration Statement as a secondary offering (and notwithstanding that the Company used diligent efforts to advocate with the SEC for the registration of all or a greater portion of Registrable Securities), unless otherwise directed in writing by a Holder as to its Registrable Securities, the number of Registrable Securities to be registered on such Registration Statement will be reduced as follows: 
		

		
			 
		

		
			a.         First, the Company shall reduce or eliminate any securities to be included by any Person other than a Holder; and
		

		
			 
		

		
			b.         Second, the Company shall reduce Registrable Securities (applied, in the case that some Registrable Securities may be registered, to the Holders on a pro rata basis based on the total number of unregistered Registrable Securities held by such Holders). 
		

		
			 
		

		
			In the event of a cutback hereunder, the Company shall give the Holder at least five (5) Trading Days prior written notice along with the calculations as to such Holder’s allotment.  In the event the Company amends the Initial Registration Statement in accordance with the foregoing, the Company will use its commercially reasonable efforts to file with the SEC, as promptly as allowed by the SEC or SEC Guidance provided to the Company or to registrants of securities in general, one or more registration statements on Form S-3 or such other form available to register for resale those Registrable Securities that were not registered for resale on the Initial Registration Statement, as amended.
		

		
			 
		

		
			(d)       If: (i) the Initial Registration Statement is not filed on or prior to its Filing Deadline, or (ii) a Registration Statement registering for resale all of the Registrable Securities (or such lesser amount as is required pursuant to Section 2(b)) is not declared effective by the SEC (or otherwise does not become effective) by the Effectiveness Deadline of the Initial Registration Statement, or (iii) after the effective date of a Registration Statement, such Registration Statement ceases for any reason to remain continuously effective as to all Registrable Securities included in such Registration Statement, or the Holders are otherwise not permitted to utilize the Prospectus therein to resell such Registrable Securities, for more than thirty (30) consecutive calendar days or more than an 
		

		
			
		

		
			

		 

		

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			aggregate of sixty (60) calendar days (which need not be consecutive calendar days) during any 12-month period or (iv) any time during the period commencing from the six (6) month anniversary of the Conversion Date and ending at such time that all of the Registrable Securities may be sold without the requirement for the Company to be in compliance with Rule 144(c)(1) and otherwise without restriction or limitation pursuant to Rule 144, if the Company shall fail for any reason to satisfy the current public information requirement under Rule 144(c) (any such failure or breach being referred to as an “Event”, and for purposes of clauses (i), (ii) and (iv), the date on which such Event occurs, and for purpose of clause (iii) the date on which such thirty (30) or sixty (60) calendar day period, as applicable, is exceeded being referred to as “Event Date”), then except during any period of time in which the Holders may sell the Registrable Securities pursuant to Rule 144 without volume limitations, in addition to any other rights the Holders may have hereunder or under applicable law, on each such Event Date and on each monthly anniversary of each such Event Date (if the applicable Event shall not have been cured by such date) until the applicable Event is cured, the Company shall pay to each Holder an amount in cash, as liquidated damages and not as a penalty, equal to the product of 1.0% multiplied by the aggregate Purchase Price paid by such Holder pursuant to the Purchase Agreement with respect to the Registrable Securities affected by such Event and held by such Holder on such Event Date or monthly anniversary thereof, up to a maximum of 5.0% of the aggregate purchase price paid by such Holder pursuant to the Purchase Agreement for such Registrable Securities. The liquidated damages pursuant to the terms hereof shall apply on a daily pro rata basis for any portion of a month prior to the cure of an Event. The Effectiveness Deadline for a Registration Statement shall be extended without default or liquidated damages hereunder in the event that the Company’s failure to obtain the effectiveness of the Registration Statement on a timely basis results from the failure of a Holder to timely provide the Company with information requested by the Company and necessary to complete the Registration Statement in accordance with the requirements of the Securities Act (in which the Effectiveness Deadline would be extended with respect to Registrable Securities held by such Holder) or as a result of government shutdown or other similar event resulting in material limitation or discontinuation of the SEC’s review of registration statements, periodic reports and other services.  Liquidated damages pursuant to this Section 2(d) shall constitute the Holders’ exclusive remedy in connection with any Event.
		

		
			 
		

		
			(e)       If Form S-3 is not available for the registration of the resale of Registrable Securities hereunder, the Company shall (i) register the resale of the Registrable Securities on another appropriate form and (ii) undertake to register the Registrable Securities on Form S-3 as soon as such form is available, provided that the Company shall maintain the effectiveness of the Registration Statement then in effect until such time as a Registration Statement on Form S-3 covering the Registrable Securities has been declared effective by the SEC.
		

		
			 
		

		
			3.       Registration Procedures.
		

		
			
		

		
			

		 

		

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			In connection with the Company’s registration obligations hereunder, the Company shall:
		

		
			 
		

		
			(a)       Not less than two (2) Trading Days prior to the filing of each Registration Statement and not less than one (1) Trading Day prior to the filing of any related Prospectus or any amendment or supplement thereto (except for Annual Reports on Form 10-K (including portions of the Company’s Proxy Statement for its Annual Meetings of Stockholders to the extent specifically incorporated by reference into such Annual Reports on Form 10-K), Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and any similar or successor reports or any prospectus supplement the substance of which is limited to any of the foregoing filings), the Company shall (i) furnish to each Holder copies of such Registration Statement, Prospectus or amendment or supplement thereto, which documents will be subject to the review of such Holders (it being acknowledged and agreed that if a Holder does not object to or comment on the aforementioned documents within one (1) Trading Day, then the Holder shall be deemed to have consented to and approved the use of such documents), and (ii) use commercially reasonable efforts to cause its officers and directors, counsel and independent registered public accountants to respond to such inquiries as shall be necessary, in the reasonable opinion of respective counsel to each Holder, to conduct a reasonable investigation within the meaning of the 1933 Act. Notwithstanding the above, the Company shall not be obligated to provide the Holders advance copies of any universal shelf registration statement registering securities in addition to those required hereunder, or any Prospectus prepared thereto.  The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably object in good faith, provided that, the Company is notified of such objection in writing no later than one (1) Trading Day after the Holders have been so furnished copies of copies of a Registration Statement any related Prospectus or amendments or supplements thereto, and for such period as the Company and such Holder are attempting in good faith to resolve the objection of such Holder, any time period or deadline for purposes of Section 2(d) shall be extended for such period and no liquidated damages shall accrue or be payable for such period.  Each Holder agrees to furnish to the Company a completed questionnaire in the form attached to this Agreement as Annex B (a “Selling Stockholder Questionnaire”) on a date that is not less than two (2) Trading Days prior to the Filing Deadline or by the end of the fourth (4th) Trading Day following the date on which such Holder receives draft materials in accordance with this Section.   
		

		
			 
		

		
			(b)       (i) Prepare and file with the SEC such amendments, including post-effective amendments, to a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep a Registration Statement continuously effective as to the applicable Registrable Securities for the Effectiveness Period and prepare and file with the SEC such additional 
		

		
			
		

		
			

		 

		

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			Registration Statements in order to register for resale under the 1933 Act all of the Registrable Securities, (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement (subject to the terms of this Agreement), and, as so supplemented or amended, to be filed pursuant to Rule 424, (iii) respond as promptly as reasonably practicable to any comments received from the SEC with respect to a Registration Statement or any amendment thereto and provide as promptly as reasonably practicable to the Holders true and complete copies of all correspondence from and to the SEC relating to a Registration Statement (provided that, the Company shall excise any information contained therein which would constitute material non-public information regarding the Company or any of its Subsidiaries), and (iv) comply in all material respects with the applicable provisions of the 1933 Act and the 1934 Act with respect to the disposition of all Registrable Securities covered by a Registration Statement during the applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the Holders thereof set forth in such Registration Statement as so amended or in such Prospectus as so supplemented.
		

		
			 
		

		
			(c)       If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 100% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable, but in any case prior to the applicable Filing Deadline, an additional Registration Statement covering the resale by the Holders of not less than the number of such Registrable Securities.  
		

		
			 
		

		
			(d)       Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as reasonably practicable (and, in the case of (i)(A) below, not less than one (1) Trading Day prior to such filing) and (if requested by any such Person) confirm such notice in writing no later than one (1) Trading Day following the day (i)(A) when a Prospectus or any Prospectus supplement or post-effective amendment to a Registration Statement is proposed to be filed, (B) when the SEC notifies the Company whether there will be a “review” of such Registration Statement and whenever the SEC comments in writing on such Registration Statement, and (C) with respect to a Registration Statement or any post-effective amendment, when the same has become effective, (ii) of any request by the SEC or any other federal or state governmental authority for amendments or supplements to a Registration Statement or Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of a Registration Statement covering any or all of the Registrable Securities or the initiation of any Proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any Proceeding for such purpose, 
		

		
			
		

		
			

		 

		

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			(v) of the occurrence of any event or passage of time that makes the financial statements included in a Registration Statement ineligible for inclusion therein or any statement made in a Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to a Registration Statement, Prospectus or other documents so that, in the case of a Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and (vi) of the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may be material and that, in the determination of the Company, makes it not in the best interest of the Company to allow continued availability of a Registration Statement or Prospectus, provided,  however, in no event shall any such notice contain any information which would constitute material, non-public information regarding the Company or any of its Subsidiaries.
		

		
			 
		

		
			(e)       Use its commercially reasonable efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order stopping or suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, as soon as practicable.
		

		
			 
		

		
			(f)       If requested by a Holder, furnish to such Holder, without charge, at least one conformed copy of each such Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such Person, and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the SEC; provided, that any such item which is available on the EDGAR system (or successor thereto) need not be furnished in physical form.
		

		
			 
		

		
			(g)       Prior to any resale of Registrable Securities by a Holder, use its commercially reasonable efforts to register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the Registration or qualification) of such Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by each Registration Statement; provided, that, the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such 
		

		
			
		

		
			

		 

		

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			jurisdiction where it is not then so subject or file a general consent to service of process in any such jurisdiction.
		

		
			 
		

		
			(h)       If requested by a Holder, cooperate with such Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holder may request.
		

		
			 
		

		
			(i)       Upon the occurrence of any event contemplated by Section 3(d), as promptly as reasonably practicable under the circumstances taking into account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event, prepare a supplement or amendment, including a post-effective amendment, to a Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.  If the Company notifies the Holders in accordance with clauses (iii) through (vi) of Section 3(d) above to suspend the use of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such Prospectus.  The Company will use its commercially reasonable efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable.  The Company shall be entitled to exercise its right under this Section 3(k) to suspend the availability of a Registration Statement and Prospectus, subject to the payment of liquidated damages otherwise required pursuant to Section 2(d), for a period not to exceed 60 calendar days (which need not be consecutive days) in any 12-month period.
		

		
			 
		

		
			(j)       The Company may require each selling Holder to furnish to the Company a certified statement as to the number of shares of Common Stock beneficially owned by such Holder and, if required by the SEC, the natural persons thereof that have voting and dispositive control over such shares. During any periods that the Company is unable to meet its obligations hereunder with respect to the registration of the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company’s request, any liquidated damages that are accruing at such time as to such Holder only shall be tolled and any Event that may otherwise occur solely because of such delay shall be suspended as to such Holder only, until such information is delivered to the Company.
		

		
			
		

		
			

		 

		

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			4.       Registration Expenses. All fees and expenses incident to the performance of or compliance with, this Agreement by the Company shall be borne by the Company whether or not any Registrable Securities are sold pursuant to a Registration Statement. The fees and expenses referred to in the foregoing sentence shall include, without limitation, (i) all registration and filing fees (including, without limitation, fees and expenses of the Company’s counsel and independent registered public accountants) (A) with respect to filings made with the SEC, (B) with respect to filings required to be made with any Trading Market on which the Common Stock is then listed for trading, and (C) in compliance with applicable state securities or Blue Sky laws reasonably agreed to by the Company in writing (including, without limitation, fees and disbursements of counsel for the Company in connection with Blue Sky qualifications or exemptions of the Registrable Securities) and (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities), (iii) messenger, telephone and delivery expenses, (iv) fees and disbursements of counsel for the Company, and (v) fees and expenses of all other Persons retained by the Company in connection with the consummation of the transactions contemplated by this Agreement.  In addition, the Company shall be responsible for all of its internal expenses incurred in connection with the consummation of the transactions contemplated by this Agreement (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit and the fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange as required hereunder.  In no event shall the Company be responsible for any broker or similar commissions of any Holder or any legal fees or other costs of the Holders.
		

		
			 
		

		
			5.         Indemnification.
		

		
			 
		

		
			(a)       Indemnification by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify and hold harmless each Holder, the officers, directors, members, partners, agents and employees  of each of them, each Person who controls any such Holder (within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act) and the officers, directors, members, stockholders, partners, agents and employees of each such controlling Person, to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred, arising out of or relating to (1) any untrue or alleged untrue statement of a material fact contained in a Registration Statement, any Prospectus or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading or (2) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act or any state securities law, or any rule or regulation thereunder, in connection with the performance of its obligations under this Agreement, except to the extent, but 
		

		
			
		

		
			

		 

		

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			only to the extent, that (i) such untrue statements or omissions are based solely upon information regarding such Holder furnished in writing to the Company by such Holder expressly for use therein, or to the extent that such information relates to such Holder or such Holder’s proposed method of distribution of Registrable Securities and was reviewed and approved in writing by such Holder expressly for use in a Registration Statement, such Prospectus or in any amendment or supplement thereto (it being understood that the Holder has approved Annex A hereto for this purpose) or (ii) in the case of an occurrence of an event of the type specified in Section 3(d)(iii)-(vi), the use by such Holder of an outdated, defective or otherwise unavailable Prospectus after the Company has notified such Holder in writing that the Prospectus is outdated, defective or otherwise unavailable for use by such Holder and prior to the receipt by such Holder of the Advice contemplated in Section 6(d).  The Company shall notify the Holders promptly of the institution, threat or assertion of any Proceeding arising from or in connection with the transactions contemplated by this Agreement of which the Company is aware. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such indemnified person and shall survive the transfer of any Registrable Securities by any of the Holders in accordance with Section 6(h).
		

		
			 
		

		
			(b)       Indemnification by Holders. Each Holder shall, severally and not jointly, indemnify and hold harmless the Company, its directors, officers, agents and employees, each Person who controls the Company (within the meaning of Section 15 of the 1933 Act and Section 20 of the 1934 Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and against all Losses, as incurred, to the extent arising out of or based solely upon: (x) such Holder’s failure to comply with any applicable prospectus delivery requirements of the 1933 Act through no fault of the Company or (y) any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading (i) to the extent, but only to the extent, that such untrue statement or omission is contained in any information so furnished in writing by such Holder to the Company expressly for inclusion in such Registration Statement or such Prospectus or (ii) to the extent, but only to the extent, that such information relates to such Holder’s proposed method of distribution of Registrable Securities and was reviewed and expressly approved in writing by such Holder expressly for use in a Registration Statement (it being understood that the Holder has approved Annex A hereto for this purpose), such Prospectus or in any amendment or supplement thereto or (iii) in the case of an occurrence of an event of the type specified in Section 3(d)(iii)-(vi), to the extent, but only to the extent, related to the use by such Holder of an outdated, defective or otherwise unavailable Prospectus after the Company has notified such Holder in writing that the 
		

		
			
		

		
			

		 

		

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			Prospectus is outdated, defective or otherwise unavailable for use by such Holder and prior to the receipt by such Holder of the Advice contemplated in Section 6(d).  In no event shall the liability of any selling Holder under this Section 5(b) be greater in amount than the dollar amount of the net proceeds received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation.
		

		
			 
		

		
			(c)       Conduct of Indemnification Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity hereunder (an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought (the “Indemnifying Party”) in writing, and the Indemnifying Party shall have the right to assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees and expenses incurred in connection with defense thereof; provided, that, the failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement, unless such failure materially prejudices the Indemnifying Party.
		

		
			 
		

		
			An Indemnified Party shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless:  (1) the Indemnifying Party has agreed in writing to pay such fees and expenses, (2) the Indemnifying Party shall have failed promptly to assume the defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding, or (3) the named parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party, and counsel to the Indemnified Party shall reasonably believe that a material conflict of interest is likely to exist if the same counsel were to represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying Party shall not have the right to assume the defense thereof and the reasonable fees and expenses of no more than one separate counsel shall be at the expense of the Indemnifying Party).  The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without its written consent, which consent shall not be unreasonably withheld or delayed.  No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding.
		

		
			 
		

		
			Subject to the terms of this Agreement, all reasonable fees and expenses of the Indemnified Party (including reasonable fees and expenses to the extent incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with this Section) shall be paid to the Indemnified 
		

		
			
		

		
			

		 

		

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			Party quarterly in arrears as they are incurred; provided, that, the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses applicable to such actions for which such Indemnified Party is finally determined by a court of competent jurisdiction not to be entitled to indemnification hereunder.
		

		
			 
		

		
			(d)       Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission.  The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms.
		

		
			 
		

		
			The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph.  Notwithstanding the provisions of this Section 5(d), no Holder shall be required to contribute pursuant to this Section 5(d), in the aggregate, any amount in excess of the amount by which the net proceeds actually received by such Holder from the sale of the Registrable Securities subject to the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission.
		

		
			 
		

		
			The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.
		

		
			 
		

		
			6.       Miscellaneous.
		

		
			 
		

		
			(a)      Remedies.  In the event of a breach by the Company or by a Holder of any of their respective obligations under this Agreement, each Holder or the Company, as the case may be, in addition to being entitled to exercise all rights granted by law and under 
		

		
			
		

		
			

		 

		

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			this Agreement, including recovery of damages, shall be entitled to specific performance of its rights under this Agreement.  Each of the Company and each Holder agrees that monetary damages may not provide adequate compensation for any losses incurred by reason of a breach by it of any of the provisions of this Agreement and that any party may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or other security) for specific performance and for other injunctive relief in order to enforce or prevent violation of the provisions of this Agreement.
		

		
			 
		

		
			(b)       Other Registration Statements.  The Company shall not file any other registration statements until all Registrable Securities are registered pursuant to a Registration Statement that is declared effective by the SEC, provided that this Section 6(b) (i) shall not prohibit the Company from filing amendments to registration statements filed prior to the date of this Agreement, (ii) shall not prohibit the Company from filing any registration statement to which the Company is currently a party or contemplated under the Prior Purchase Agreements, (iii) shall not prohibit the Company from filing a shelf registration statement on Form S-3 for a primary offering by the Company, provided that the Company makes no offering of securities pursuant to such shelf registration statement prior to the effective date of the Registration Statement required hereunder that includes all of the Registrable Securities, (iii) shall not prohibit the Company from filing a registration statement on Form S-4 (as promulgated under the 1933 Act) relating to equity securities to be issued solely in connection with any acquisition of any entity or business or their then equivalents and (iv) shall not prohibit the Company from filing a registration statement on Form S-8 (as promulgated under the 1933 Act) relating to equity securities issuable in connection with the Company’s stock option or other employee benefit plans.
		

		
			 
		

		
			(c)       Compliance. Each Holder covenants and agrees that it will comply with the prospectus delivery requirements of the 1933 Act as applicable to it (unless an exemption therefrom is available) in connection with sales of Registrable Securities pursuant to a Registration Statement.
		

		
			 
		

		
			(d)       Discontinued Disposition.  By its acquisition of Registrable Securities, each Holder agrees that, upon receipt of a notice from the Company of the occurrence of any event of the kind described in Section 3(d)(iii) through (vi), such Holder will forthwith discontinue disposition of such Registrable Securities under a Registration Statement until it is advised in writing (the “Advice”) by the Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed.  The Company will use its commercially reasonable efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable.  The Company agrees and acknowledges that any periods during which the Holder is required to discontinue the disposition of the Registrable Securities hereunder shall be subject to the provisions of Section 2(d).
		

		
			 
		

		
			(e)       Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented, and 
		

		
			
		

		
			

		 

		

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			waivers or consents to departures from the provisions hereof may not be given, unless the same shall be in writing and signed by the Company and the Required Holders.  If a Registration Statement does not register all of the Registrable Securities pursuant to a waiver or amendment done in compliance with the previous sentence, then the number of Registrable Securities to be registered for each Holder shall be reduced pro rata among all Holders and each Holder shall have the right to designate which of its Registrable Securities shall be omitted from such Registration Statement. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of a Holder or some Holders and that does not affect the rights of other Holders may be given only by the Holder or Holders of all of the Registrable Securities to which such waiver or consent relates; provided,  however, that the provisions of this sentence may not be amended, modified, or supplemented except in accordance with the provisions of the first  sentence of this Section 6(f). No consideration shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of this Agreement unless the same consideration also is offered to all of the parties to this Agreement.
		

		
			 
		

		
			(f)       Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be delivered as set forth in the Purchase Agreement.  
		

		
			 
		

		
			(g)       Transfer of Registration Rights.  Any Holder may freely assign its rights hereunder on a pro rata basis in connection with any sale, transfer, assignment, or other conveyance (any of the foregoing, a “Transfer”) of Registrable Securities to any transferee or assignee; provided that all of the following additional conditions are satisfied:  (a) such Transfer is effected in accordance with applicable securities laws; (b) such transferee or assignee agrees in writing to become subject to the terms of this Agreement; and (c) the Company is given written notice by such Holder of such Transfer, stating the name and address of the transferee or assignee and identifying the Registrable Securities with respect to which such rights are being transferred or assigned; and further provided, that (i) any rights assigned hereunder shall apply only in respect of the Registrable Securities that are Transferred and not in respect of any other securities that the transferee or assignee may hold and (ii) any Registrable Securities that are Transferred may cease to constitute Registrable Securities following such Transfer in accordance with the terms of this Agreement.
		

		
			 
		

		
			(h)       Successors and Assigns. Subject to Section 6(g) hereof, this Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties and shall inure to the benefit of each Holder of Registrable Securities. The Company may not assign (except by merger) its rights or obligations hereunder without the prior written consent of all the Required Holders.
		

		
			 
		

		
			(i)       No Inconsistent Agreements. Neither the Company nor any of its Subsidiaries has entered, as of the date hereof, nor shall the Company or any of its Subsidiaries, on or after the date of this Agreement, enter into any agreement with respect 
		

		
			
		

		
			

		 

		

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			to its securities, that would have the effect of impairing the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof.
		

		
			 
		

		
			(j)       Execution and Counterparts. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart.  In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.
		

		
			 
		

		
			(k)      Governing Law.  All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be determined in accordance with the provisions of the Purchase Agreement.
		

		
			 
		

		
			(l)       Cumulative Remedies. The remedies provided herein are cumulative and not exclusive of any other remedies provided by law.
		

		
			 
		

		
			(m)     Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.
		

		
			 
		

		
			(n)       Headings. The headings in this Agreement are for convenience only, do not constitute a part of the Agreement and shall not be deemed to limit or affect any of the provisions hereof.
		

		
			 
		

		
			(o)       Independent Nature of Holders’ Obligations and Rights. The obligations of each Holder hereunder are several and not joint with the obligations of any other Holder hereunder, and no Holder shall be responsible in any way for the performance of the obligations of any other Holder hereunder. Nothing contained herein or in any other agreement or document delivered at any closing, and no action taken by any Holder pursuant hereto or thereto, shall be deemed to constitute the Holders as a partnership, an association, a joint venture or any other kind of group or entity, or create a presumption that the Holders are in any way acting in concert or as a group or entity with respect to such obligations or the transactions contemplated by this Agreement or any other matters, and the Company acknowledges that the Holders are not acting in concert or as a group, and the Company shall not asset any such claim, with respect to such obligations or 
		

		
			
		

		
			

		 

		

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			transactions. Each Holder shall be entitled to protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Holder to be joined as an additional party in any proceeding for such purpose.
		

		
			 
		

		
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			IN WITNESS WHEREOF, the parties have executed this Registration Rights Agreement as of the date first written above.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						GENCO SHIPPING & TRADING LIMITED

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Apostolos Zafolias

				
	
					
						 

					
					
						 

					
					
						Name:  Apostolos Zafolias

				
	
					
						 

					
					
						 

					
					
						Title:  Chief Financial Officer

				

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holders: 
		

		
			 
		

		
			Centerbridge Capital Partners II (Cayman) LP
		

		
			Centerbridge Capital Partners SBS II (Cayman) LP
		

		
			Centerbridge Credit Partners Master LP
		

		
			Centerbridge Credit Partners LP
		

		
			Centerbridge Special Credit Partners II AIV IV (Cayman) LP
		

		
			Centerbridge Special Credit Partners II LP
		

		
			 
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Bao Truong              
		

		
			 
		

		
			Name of Authorized Signatory: Bao Truong                     
		

		
			 
		

		
			Title of Authorized Signatory: Senior Managing Director       
		

		
			 
		

		
			 
		

		
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			Name of Holder:  Pilgrim Global ICAV_________________
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Connor MacGuinness______
		

		
			 
		

		
			Name of Authorized Signatory: Connor MacGuinness___________
		

		
			 
		

		
			Title of Authorized Signatory: Director__________________
		

		
			 
		

		
			 
		

		
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			IN WITNESS WHEREOF, the undersigned parties have executed this Agreement as of the date first written above.
		

		
			 
		

		
			 
		

		
			STRATEGIC VALUE MASTER FUND, LTD.
		

		
			By: Strategic Value Partners, LLC, its Investment Manager
		

		
			 
		

		
			 
		

			
					
						By:

					
					
						/s/ James Dougherty

					
					
						 

				
	
					
						Name:  James Dougherty

					
					
						 

				
	
					
						Title:  Fund Chief Financial Officer

					
					
						 

				

		
			 
		

		
			 
		

		
			STRATEGIC VALUE SPECIAL SITUATIONS MASTER FUND II, L.P.
		

		
			By:  SVP Special Situations II, LLC, its Investment Manager
		

		
			 
		

		
			 
		

			
					
						By:

					
					
						/s/ James Dougherty

					
					
						 

				
	
					
						Name:  James Dougherty

					
					
						 

				
	
					
						Title:  Fund Chief Financial Officer

					
					
						 

				

		
			 
		

		
			 
		

		
			STRATEGIC VALUE SPECIAL SITUATIONS MASTER FUND III, L.P.
		

		
			By:  SVP Special Situations III, LLC, its Investment Manager
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ James Dougherty

					
					
						 

				
	
					
						Name:  James Dougherty

					
					
						 

				
	
					
						Title:  Fund Chief Financial Officer

					
					
						 

				

		
			 
		

		
			 
		

		
			STRATEGIC VALUE OPPORTUNITIES FUND, L.P.
		

		
			By:  SVP Special Situations III-A, LLC, its Investment Manager
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ James Dougherty

					
					
						 

				
	
					
						Name:  James Dougherty

					
					
						 

				
	
					
						Title:  Fund Chief Financial Officer

					
					
						 

				

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Alliance Semiconductor Corporation       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Alan B. Howe              
		

		
			 
		

		
			Name of Authorized Signatory: Alan B. Howe              
		

		
			 
		

		
			Title of Authorized Signatory: Interim Chief Executive Officer       
		

		
			 
		

		
			 
		

		
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			Name of Holder: Catherine Miller Trust C       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Lloyd I. Miller III              
		

		
			 
		

		
			Name of Authorized Signatory: Lloyd I. Miller III              
		

		
			 
		

		
			Title of Authorized Signatory: Manager                     
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Lloyd I. Miller Trust A-4              
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Lloyd I. Miller III              
		

		
			 
		

		
			Name of Authorized Signatory: Lloyd I. Miller III              
		

		
			 
		

		
			Title of Authorized Signatory: Manager                     
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: BROADBILL PARTNERS, LP
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Jeffrey F. Magee, Jr.       
		

		
			 
		

		
			Name of Authorized Signatory: Jeffrey F. Magee, Jr.              
		

		
			 
		

		
			Title of Authorized Signatory: Chief Operations Officer of
Broadbill Investment Partners, LLC
Its: Investment Advisor
		

		
			 
		

		
			 
		

		
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			Name of Holder: BROADBILL PARTNERS II, LP
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Jeffrey F. Magee, Jr.       
		

		
			 
		

		
			Name of Authorized Signatory: Jeffrey F. Magee, Jr.              
		

		
			 
		

		
			Title of Authorized Signatory: Chief Operations Officer of
Broadbill Investment Partners, LLC
Its: Investment Advisor
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: BLACK RHINO, LP       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Jeffrey F. Magee, Jr.       
		

		
			 
		

		
			Name of Authorized Signatory: Jeffrey F. Magee, Jr.              
		

		
			 
		

		
			Title of Authorized Signatory: Chief Operations Officer of
Broadbill Investment Partners, LLC
Its: Investment Advisor
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: AC Maritime LTD              
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Ernest Scalamandre       
		

		
			 
		

		
			Name of Authorized Signatory: Ernest Scalamandre              
		

		
			 
		

		
			Title of Authorized Signatory: Director                     
		

		
			 
		

		
			 
		

		
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			Name of Holder: The Mangrove Partners Master Fund, Ltd.
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Ward Dietrich              
		

		
			 
		

		
			Name of Authorized Signatory: Ward Dietrich              
		

		
			 
		

		
			Title of Authorized Signatory: Authorized Person              
		

		
			 
		

		
			 
		

		
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			Name of Holder: GSA OMS Master Fund Limited (the “Fund”)
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Tim Kuschill              
		

		
			 
		

		
			Name of Authorized Signatory: Tim Kuschill              
		

		
			 
		

		
			Title of Authorized Signatory: General Counsel       
GSA Capital Partners LLP
Investment Manager of the Fund
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: KLP Alfa Global Energy       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Simon Røksund Johannessen       
		

		
			 
		

		
			Name of Authorized Signatory: Simon Røksund Johannessen       
		

		
			 
		

		
			Title of Authorized Signatory: Portfolio Manager                     
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Vatne International AS       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Runar Vatne              
		

		
			 
		

		
			Name of Authorized Signatory: Runar Vatne                     
		

		
			 
		

		
			Title of Authorized Signatory: Owner                     
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Loyola Capital Partners, LP       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Robert J. Reynolds       
		

		
			 
		

		
			Name of Authorized Signatory: Robert J. Reynolds              
		

		
			 
		

		
			Title of Authorized Signatory: Principal, General Partner       
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Apollo Asset Ltd.              
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Arne H. Fredly              
		

		
			 
		

		
			Name of Authorized Signatory: Arne H. Fredly              
		

		
			 
		

		
			Title of Authorized Signatory: __________________________
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Frode Teigen       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Frode Teigen              
		

		
			 
		

		
			Name of Authorized Signatory:                                   
		

		
			 
		

		
			Title of Authorized Signatory: __________________________
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Tigorstaden AS              
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Ketil Skorstad              
		

		
			 
		

		
			Name of Authorized Signatory: Ketil Skorstad              
		

		
			 
		

		
			Title of Authorized Signatory: Owner                     
		

		
			 
		

		
			 
		

		
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			Name of Holder: Alden AS              
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Edvin Austdø              
		

		
			 
		

		
			Name of Authorized Signatory: Edvin Austdø              
		

		
			 
		

		
			Title of Authorized Signatory: CEO                            
		

		
			 
		

		
			 
		

		
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			Name of Holder: Pactum AS              
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Eivind Astrup              
		

		
			 
		

		
			Name of Authorized Signatory: Eivind Astrup              
		

		
			 
		

		
			Title of Authorized Signatory: CEO                            
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Gironde AS              
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Ole Anders Engebretsen       
		

		
			 
		

		
			Name of Authorized Signatory: Ole Anders Engebretsen       
		

		
			 
		

		
			Title of Authorized Signatory: Man. Dir.              
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Camaca AS              
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Petter Haugen (on behalf of Herman Flinder)
		

		
			 
		

		
			Name of Authorized Signatory: Petter Haugen              
		

		
			 
		

		
			Title of Authorized Signatory: Partner                     
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Glanmene Industrier AS       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Eil W. Iverson              
		

		
			 
		

		
			Name of Authorized Signatory: Eil W. Iverson              
		

		
			 
		

		
			Title of Authorized Signatory: Daglig leder                     
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Midelfart Invest AS       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Geir Moe              
		

		
			 
		

		
			Name of Authorized Signatory: Geir Moe                     
		

		
			 
		

		
			Title of Authorized Signatory: CEO                            
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Silvercoin Industries AS       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Haakon Saeter              
		

		
			 
		

		
			Name of Authorized Signatory: Haakon Saeter                     
		

		
			 
		

		
			Title of Authorized Signatory: CEO Silvercoin Industries AS.
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Surfside Holding AS       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Morten E. Astrup              
		

		
			 
		

		
			Name of Authorized Signatory: Morten E. Astrup              
		

		
			 
		

		
			Title of Authorized Signatory: Styreleder                     
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: ValueWorks Limited Partners       
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Charles Lemmides       
		

		
			 
		

		
			Name of Authorized Signatory: Charles Lemmides              
		

		
			 
		

		
			Title of Authorized Signatory: Portfolio Manager/Principal       
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: John Wobensmith              
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ John Wobensmith              
		

		
			 
		

		
			Name of Authorized Signatory:                            
		

		
			 
		

		
			Title of Authorized Signatory: __________________________
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Name of Holder: Easygroup Holdings Ltd.              
		

		
			 
		

		
			Signature of Authorized Signatory of Holder:  /s/ Stelios Haji-Ioannou       
		

		
			 
		

		
			Name of Authorized Signatory: Stelios Haji-Ioannou       
		

		
			 
		

		
			Title of Authorized Signatory: Chairman                     
		

		
			 
		

		
			 
		

		
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			[SIGNATURE PAGE OF HOLDERS TO GENCO RRA]
		

		
			 
		

		
			 
		

		
			Q5-R5 Trading, Ltd.
		

		
			By: Q Global Capital Management, L.P., as Investment Manager
		

		
			By: Q Global Advisors, LLC, its General Partner
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Noel Nesser

					
					
						 

				
	
					
						Name: Noel Nesser

					
					
						 

				
	
					
						Title: Chief Administrative Officer

					
					
						 

				

		
			 
		

		
			 
		

		
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			Annex A
		

		
			 
		

		
			Plan of Distribution
		

		
			 
		

		
			Each Selling Stockholder (the “Selling Stockholders”) of the securities and any of their pledgees, assignees and successors-in-interest may, from time to time, sell any or all of their securities covered hereby on the principal trading market or any other stock exchange, market or trading facility on which the securities are traded or in private transactions.  These sales may be at fixed or negotiated prices.  A Selling Stockholder may use any one or more of the following methods when selling securities:
		

		
			 
		

			
	
			
				 ·
			

			
	
			
			ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

		
			 
		

			
	
			
				 ·
			

			
	
			
			block trades in which the broker-dealer will attempt to sell the securities as agent but may position and resell a portion of the block as principal to facilitate the transaction;

		
			 
		

			
	
			
				 ·
			

			
	
			
			purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

		
			 
		

			
	
			
				 ·
			

			
	
			
			an exchange distribution in accordance with the rules of the applicable exchange;

		
			 
		

			
	
			
				 ·
			

			
	
			
			privately negotiated transactions;

		
			 
		

			
	
			
				 ·
			

			
	
			
			settlement of short sales entered into after the effective date of the registration statement of which this prospectus is a part; 

		
			 
		

			
	
			
				 ·
			

			
	
			
			in transactions through broker-dealers that agree with the Selling Stockholders to sell a specified number of such securities at a stipulated price per security;

		
			 
		

			
	
			
				 ·
			

			
	
			
			through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;

		
			 
		

			
	
			
				 ·
			

			
	
			
			a combination of any such methods of sale; or

		
			 
		

			
	
			
				 ·
			

			
	
			
			any other method permitted pursuant to applicable law.

		
			 
		

		
			The Selling Stockholders may also sell securities under Rule 144 under the Securities Act of 1933, as amended (the “1933 Act”), if available, rather than under this prospectus.
		

		
			 
		

		
			In connection with the sale of the securities or interests therein, the Selling Stockholders may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the securities in the course of 
		

		
			
		

		
			

		 

		

			 

		

 

		

		
			hedging the positions they assume.  The Selling Stockholders may also sell securities short and deliver these securities to close out their short positions, or loan or pledge the securities to broker-dealers that in turn may sell these securities.  
		

		
			 
		

		
			The Selling Stockholders and any broker-dealers or agents that are involved in selling the securities may be deemed to be “underwriters” within the meaning of the 1933 Act in connection with such sales.  In such event, any commissions received by such broker-dealers or agents and any profit on the resale of the securities purchased by them may be deemed to be underwriting commissions or discounts under the 1933 Act.  Each Selling Stockholder has informed the Company that it does not have any written or oral agreement or understanding, directly or indirectly, with any person to distribute the securities. 
		

		
			 
		

		
			The Company is required to pay certain fees and expenses incurred by the Company incident to the registration of the securities.  The Company has agreed to indemnify the Selling Stockholders against certain losses, claims, damages and liabilities, including liabilities under the 1933 Act.  
		

		
			 
		

		
			Because Selling Stockholders may be deemed to be “underwriters” within the meaning of the 1933 Act, they will be subject to the prospectus delivery requirements of the 1933 Act including Rule 172 thereunder.  In addition, any securities covered by this prospectus which qualify for sale pursuant to Rule 144 under the 1933 Act may be sold under Rule 144 rather than under this prospectus. The Selling Stockholders have advised us that there is no underwriter or coordinating broker acting in connection with the proposed sale of the resale securities by the Selling Stockholders.
		

		
			 
		

		
			We agreed to keep this prospectus effective until the earlier of (i) the date on which the securities may be resold by the Selling Stockholders without registration and without regard to any volume or manner-of-sale limitations by reason of Rule 144, without the requirement for the Company to be in compliance with the current public information under Rule 144 under the 1933 Act or any other rule of similar effect or (ii) all of the securities have been sold pursuant to this prospectus or Rule 144 under the 1933 Act or any other rule of similar effect.  The resale securities will be sold only through registered or licensed brokers or dealers if required under applicable state securities laws. In addition, in certain states, the resale securities covered hereby may not be sold unless they have been registered or qualified for sale in the applicable state or an exemption from the registration or qualification requirement is available and is complied with.
		

		
			 
		

		
			Under applicable rules and regulations under the 1934 Act, any person engaged in the distribution of the resale securities may not simultaneously engage in market making activities with respect to the common stock for the applicable restricted period, as defined in Regulation M, prior to the commencement of the distribution.  In addition, the Selling Stockholders will be subject to applicable provisions of the 1934 Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and sales of securities of the common stock by the Selling Stockholders or any other person.  We will make copies of this prospectus available to the Selling Stockholders and have informed them of the need to deliver a copy of this prospectus to each purchaser at 
		

		
			
		

		
			

		 

		

			2

		

 

		

		
			or prior to the time of the sale (including by compliance with Rule 172 under the 1933 Act).
		

		
			 
		

		
			 
		

		
			

		 

		

			3

		

 

		

		
			Annex B
		

		
			 
		

		
			GENCO SHIPPING & TRADING LIMITED
		

		
			 
		

		
			Selling Stockholder Notice and Questionnaire
		

		
			 
		

		
			The undersigned beneficial owner of common stock (the “Registrable Securities”) of Genco Shipping & Trading Limited, a Delaware corporation (the “Company”), understands that the Company has filed or intends to file with the Securities and Exchange Commission (the “SEC”) a registration statement (the “Registration Statement”) for the registration and resale under Rule 415 of the Securities Act of 1933, as amended (the “1933 Act”), of the Registrable Securities, in accordance with the terms of the Registration Rights Agreement (the “Registration Rights Agreement”) to which this document is annexed.  A copy of the Registration Rights Agreement is available from the Company upon request at the address set forth below.  All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Registration Rights Agreement.
		

		
			 
		

		
			Certain legal consequences arise from being named as a selling stockholder in the Registration Statement and the related prospectus.  Accordingly, holders and beneficial owners of Registrable Securities are advised to consult their own securities law counsel regarding the consequences of being named or not being named as a selling stockholder in the Registration Statement and the related prospectus.
		

		
			 
		

		
			NOTICE
		

		
			 
		

		
			The undersigned beneficial owner (the “Selling Stockholder”) of Registrable Securities hereby elects to include the Registrable Securities owned by it in the Registration Statement.
		

		
			
		

		
			

		 

		

			 

		

 

		

		
			The undersigned hereby provides the following information to the Company and represents and warrants that such information is accurate:
		

		
			 
		

		
			QUESTIONNAIRE
		

		
			 
		

			
					
						1.

					
					
						Name.

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						(a)

					
					
						Full Legal Name of Selling Stockholder

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						(b)

					
					
						Full Legal Name of Registered Holder (if not the same as (a) above) through which Registrable Securities are held:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						(c)

					
					
						Full Legal Name of Natural Control Person (which means a natural person who directly or indirectly alone or with others has power to vote or dispose of the securities covered by this Questionnaire):

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			2.      Address for Notices to Selling Stockholder:
		

		
			 
		

			
					
						 

				
	
					
						 

				
	
					
						 

				
	
					
						 

				
	
					
						Telephone:

					
					
						 

				
	
					
						Fax:

					
					
						 

				
	
					
						Contact Person:

					
					
						 

				

		
			 
		

		
			3.      Broker-Dealer Status:
		

		
			 
		

		
			(a)   Are you a broker-dealer?
		

		
			 
		

		
			Yes   ☐       No   ☐
		

		
			 
		

		
			(b)   If “yes” to Section 3(a), did you receive your Registrable Securities as compensation for investment banking services to the Company?
		

		
			 
		

		
			Yes   ☐       No   ☐
		

		
			 
		

		
			Note:   If “no” to Section 3(b), the SEC’s staff has indicated that you should be identified as an underwriter in the Registration Statement.
		

		
			
		

		
			

		 

		

			2

		

 

		

		
			(c)    Are you an affiliate of a broker-dealer?
		

		
			 
		

		
			Yes   ☐       No   ☐
		

		
			 
		

		
			(d)    If you are an affiliate of a broker-dealer, do you certify that you purchased the Registrable Securities in the ordinary course of business, and at the time of the purchase of the Registrable Securities to be resold, you had no agreements or understandings, directly or indirectly, with any person to distribute the Registrable Securities?
		

		
			 
		

		
			Yes   ☐       No   ☐
		

		
			 
		

		
			Note:   If “no” to Section 3(d), the SEC’s staff has indicated that you should be identified as an underwriter in the Registration Statement.
		

		
			 
		

		
			4.      Beneficial Ownership of Securities of the Company Owned by the Selling Stockholder.
		

		
			 
		

		
			Except as set forth below in this Item 4, the undersigned is not the beneficial or registered owner of any securities of the Company other than the securities issuable pursuant to the Purchase Agreement.
		

		
			 
		

			
					
						 

					
					
						(a)

					
					
						Type and Amount of other securities beneficially owned by the Selling Stockholder:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			3

		

 

		

		
			5.      Relationships with the Company:
		

		
			 
		

		
			Except as set forth below, neither the undersigned nor any of its affiliates, officers, directors or principal equity holders (owners of 5% of more of the equity securities of the undersigned) has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years.
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						State any exceptions here:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				

		
			 
		

		
			The undersigned agrees to promptly notify the Company of any inaccuracies or changes in the information provided herein that may occur subsequent to the date hereof at any time while the Registration Statement remains effective.
		

		
			 
		

		
			By signing below, the undersigned consents to the disclosure of the information contained herein in its answers to Items 1 through 5 and the inclusion of such information in the Registration Statement and the related prospectus and any amendments or supplements thereto.  The undersigned understands that such information will be relied upon by the Company in connection with the preparation or amendment of the Registration Statement and the related prospectus and any amendments or supplements thereto.
		

		
			 
		

		
			IN WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice and Questionnaire to be executed and delivered either in person or by its duly authorized agent.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Date:

					
					
						 

					
					
						    

					
					
						Beneficial Owner:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Name:

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Title:

				

		
			 
		

		
			PLEASE FAX A COPY (OR EMAIL A .PDF COPY) OF THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE, AND RETURN THE ORIGINAL BY OVERNIGHT MAIL, TO:
		

		
			 
		

		 

		

			4gnk_Ex10_55

		
			Exhibit 10.55
		

		
			AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT
		

		
			This Amended and Restated Registration Rights Agreement (this “Agreement”) is made and entered into as of November 15, 2016, by and among Genco Shipping & Trading Limited, a Marshall Islands corporation (the “Company”), and the other parties signatory hereto and any additional parties identified on the signature pages of any joinder agreement executed and delivered pursuant hereto (each a “Holder” and collectively, the “Holders”).
		

		
			WHEREAS, the Company has entered into purchase agreements, effective as of October 4, 2016, with certain of the Holders (the “Purchase Agreements”) providing for the purchase of shares of  the Company’s Series A Convertible Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”), and pursuant to the Purchase Agreements the Company agreed to grant certain registration rights to such Holders in connection with the Series A Preferred Stock so purchased; and
		

		
			WHEREAS, the Company and certain affiliated debtors had filed a Prepackaged Plan of Reorganization filed pursuant to Chapter 11 of the United States Bankruptcy Code, on April 21, 2014, which, as amended, was confirmed by the United States Bankruptcy Court for the Southern District of New York on July 2, 2014  (as amended, including all exhibits, schedules and supplements thereto, the “Plan”); and 
		

		
			WHEREAS, the Plan provided that any recipient of shares of common stock of the Company that (together with its Affiliates and Related Funds) receives 10% or more of the common stock under the Plan or who otherwise reasonably believes that it may be an “affiliate” of the Company following its organization under the Plan, together with its affiliated funds, on or as soon as practicable after the effective date under the Plan will enter into a registration rights agreement having the terms set forth in Article IV.E.2 of the Plan, and the Equity Commitment Agreement provides that any purchaser of Equity Commitment Shares will be party to such registration rights agreement; and
		

		
			WHEREAS, the Company and certain of the Holders entered into that certain Registration Rights Agreement dated as of July 9, 2014 (the “Original Agreement”) in furtherance of the aforesaid provisions of the Plan and Equity Commitment Agreement; and
		

		
			WHEREAS, immediately prior to the execution hereof, funds or related entities managed by Centerbridge Partners, L.P. or its affiliates and Peter C. Georgiopoulos were the only remaining Holders with Registrable Securities (as defined below) under the Original Agreement; and 
		

		
			WHEREAS, in furtherance of the transactions contemplated by the Purchase Agreements, the Company and the Holders desire to enter into this Agreement in order to amend, restate and supersede the Original Agreement to account for the relative registration rights of Holders who received securities of the Company under the Purchase Agreements or the Plan.
		

		
			NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and each of the Holders agree as follows:
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			1.       Definitions. Capitalized terms used and not otherwise defined herein that are defined in the Plan have the meanings given such terms in the Plan. As used in this Agreement, the following terms shall have the following meanings:
		

		
			“Advice” has the meaning set forth in Section 14(c).
		

		
			“Affiliate” means, with respect to any person, any other person which directly or indirectly controls, is controlled by, or is under common control with, such person.
		

		
			“Agreement” has the meaning set forth in the Preamble.
		

		
			“Automatic Shelf Registration Statement” means an “automatic shelf registration statement” as defined in Rule 405 promulgated under the Securities Act. 
		

		
			“beneficially own” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act, and any Person’s beneficial ownership of securities shall be calculated in accordance with the provisions of such Rule.
		

		
			“Board” means the Board of Directors of the Company.
		

		
			“Business Day” means a day, other than a Saturday or Sunday, on which banks in New York City are open for the general transaction of business.
		

		
			“Closing” has the meaning set forth in Section 2(b)(A).
		

		
			“Commission” means the Securities and Exchange Commission.
		

		
			“Common Stock” means the common stock of the Company, par value $0.01 per share, and any securities into which such shares of common stock may hereinafter be reclassified.
		

		
			“Company” has the meaning set forth in the Preamble.
		

		
			“Conversion Date” means the date on which the Series A Preferred Stock is converted to Common Stock.
		

		
			“Conversion Shares” means shares of Common Stock issuable to holders of Class 3 (Prepetition 2007 Facility) Claims and to holders of Class 8 (Convertible Note) Claims under the Plan.
		

		
			“Counsel to the Holders” means (i) with respect to any Demand Registration, the counsel selected by the Holders of a majority of the Registrable Securities initially requesting such Demand Registration and (ii) with respect to any Underwritten Takedown or Piggyback Registration, the counsel selected by the Majority Holders.
		

		
			“Demand Holder” means each Purchase Agreement Holder, which persons as of the date hereof are identified on Schedule A to this Agreement.
		

		
			“Demand Registration Request” has the meaning set forth in Section 3(a).
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			  “Effective Date” means the date that a Registration Statement filed pursuant to this Agreement is first declared effective by the Commission.
		

		
			  “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
		

		
			“Equity Commitment Agreement”  means that certain Equity Commitment, dated as of April 16, 2014, by and among the Company and the Commitment Parties party thereto.
		

		
			“Equity Commitment Shares” means the shares of Common Stock issued pursuant to a commitment to backstop the Rights Offering, in accordance with the terms of the Equity Commitment Agreement.
		

		
			“Form S-1” means form S-1 under the Securities Act, or any other form hereafter adopted by the Commission for the general registration of securities under the Securities Act.
		

		
			“Form S-3” means form S-3 under the Securities Act, or any other form hereafter adopted by the Commission having substantially the same usage as Form S-3.
		

		
			“FINRA” has the meaning set forth in Section 8.
		

		
			“Grace Period” has the meaning set forth in Section 5(a).
		

		
			“Holder”  or “Holders” has the meaning set forth in the Preamble. A Person shall cease to be a Holder hereunder at such time as it ceases to hold any Registrable Securities.
		

		
			“Indemnified Party” has the meaning set forth in Section 10(c).
		

		
			“Indemnifying Party” has the meaning set forth in Section 10(c).
		

		
			“Initial Purchaser Shelf Registration Statement” has the meaning set forth in Section 2(b)(A).
		

		
			“Initial Registrable Securities Number” means the number of Registrable Securities beneficially owned by all Holders under the Original Agreement as of the date thereof (including Warrant Shares and MIP Warrant Shares), appropriately adjusted for any stock splits, reverse stock splits, stock dividends or similar transactions involving the Company’s Common Stock. 
		

		
			“Initial Series A Conversion Shares Number” means the number of Series A Conversion Shares beneficially owned by all Holders, appropriately adjusted for any stock splits, reverse stock splits, stock dividends or similar transactions involving the Company’s Common Stock.
		

		
			  “Initial Shelf Registration Statement” has the meaning set forth in Section 2(a)(A).
		

		
			“Losses” has the meaning set forth in Section 10(a).
		

		
			“Majority Holders” means, with respect to any Underwritten Offering, the holders of a majority of the Registrable Securities to be included in such Underwritten Offering held by all Holders that have made the request requiring the Company to conduct such Underwritten 
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			Offering (but not including any Holders that have exercised “piggyback” rights hereunder to be included in such Underwritten Offering).
		

		
			“Management Incentive Plan” means the equity-based management incentive program described in Article V.E of the Plan.
		

		
			“MIP Shares” means shares of Common Stock issued pursuant to the Management Incentive Plan.
		

		
			“MIP Warrant Shares” means shares of Common Stock issuable upon the exercise of the warrants issued to directors, officers, and other management of the Company under the terms of the Management Incentive Plan.
		

		
			“Non-Demand Holder” means a Holder that is not a Demand Holder.
		

		
			“Original Agreement” has the meaning set forth in the Recitals.
		

		
			“Other Holder” has the meaning set forth in Section 6(c).
		

		
			“Person” means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.
		

		
			“Piggyback Notice” has the meaning set forth in Section 6(b).
		

		
			“Piggyback Offering” has the meaning set forth in Section 6(b).
		

		
			“Plan” has the meaning set forth in the Recitals.
		

		
			“Plan Effective Date” shall mean the date on which the Plan becomes effective.
		

		
			“Proceeding” means an action, claim, suit, investigation or proceeding (including, without limitation, an investigation or partial proceeding, such as a deposition), whether commenced or threatened.
		

		
			“Prospectus” means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated under the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by a Registration Statement, and all other amendments and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such Prospectus.
		

		
			“Purchase Agreement Holder” means a Holder who holds Series A Conversion Shares.
		

		
			“Purchase Agreements” has the meaning set forth in the Recitals.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			“Registrable Securities” means, collectively, (a) all Series A Conversion Shares, (b) all shares of Common Stock that constitute Equity Commitment Shares, (c) all Conversion Shares, Rights Offering Shares, Equity Commitment Shares, Warrant Shares, MIP Shares and MIP Warrant Shares issued to any Person who is a director or officer of the Company (or an entity that is an Affiliate of such Person) or, together with its Affiliates and Related Funds, beneficially owns, in the aggregate, 10% or more of the total amount of all such shares, and any additional shares of Common Stock acquired by any such Person in open market or other acquisitions after the Effective Date and (d) any additional shares of Common Stock paid, issued or distributed in respect of any such shares by way of a stock dividend, stock split or distribution, or in connection with a combination of shares, and any security into which such Common Stock shall have been converted or exchanged in connection with a recapitalization, reorganization, reclassification, merger, consolidation, exchange, distribution or otherwise; provided,  however, that as to any Registrable Securities, such securities shall cease to constitute Registrable Securities upon the earliest to occur of: (x) the date on which such securities are disposed of pursuant to an effective Registration Statement; (y) the date on which such securities are disposed of pursuant to Rule 144 (or any similar provision then in effect) promulgated under the Securities Act or Section 4(a)(1) of the Securities Act; and (z) the date on which such Registrable Securities may be sold pursuant to Rule 144 (or any similar provision then in effect) without regard for any volume or manner of sale restrictions.
		

		
			“Registration Statement” means any one or more registration statements of the Company filed under the Securities Act that covers the resale of any of the Registrable Securities pursuant to the provisions of this Agreement (including without limitation any Shelf Registration Statement), amendments and supplements to such Registration Statements, including post-effective amendments, all exhibits and all material incorporated by reference or deemed to be incorporated by reference in such Registration Statements.
		

		
			“Related Fund” means, with respect to any Person, any fund, account or investment vehicle that is controlled or managed by such Person, by any Affiliate of such Person, or, if applicable, such Person’s investment manager.
		

		
			“Rights Offering” means the rights offering of the Company to acquire shares of Common Stock conducted under the terms of the Plan.
		

		
			“Rights Offering Shares” means shares of Common Stock acquired upon exercise of rights, including oversubscription rights, in the Rights Offering.
		

		
			“Rule 144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.
		

		
			“Rule 158” means Rule 158 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			“Rule 415” means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.
		

		
			“Rule 424” means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.
		

		
			“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.
		

		
			“Selling Stockholder Questionnaire” means a questionnaire reasonably adopted by the Company from time to time.
		

		
			“Series A Conversion Shares” means the shares of Common Stock into which Series A Preferred Shares are convertible.  For purposes of this Agreement, including the determination of how many Registrable Securities are held by any Person, a Holder of Series A Preferred Shares shall be deemed to be the owner of the Series A Conversion Shares into which such Series A Preferred Shares are convertible.
		

		
			  “Series A Preferred Stock” has the meaning set forth in the Recitals.
		

		
			“Series A Preferred Shares” means shares of Series A Preferred Stock held by a Holder.
		

		
			“Shelf Registration Statement” means a Registration Statement filed with the Commission in accordance with the Securities Act for the offer and sale of Registrable Securities by Holders on a continuous or delayed basis pursuant to Rule 415.
		

		
			  “Trading Day” means a day during which trading in the Common Stock occurs in the Trading Market, or if the Common Stock is not listed on a Trading Market, a Business Day.
		

		
			“Trading Market” means whichever of the New York Stock Exchange, the NYSE Amex, the NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market, OTC Bulletin Board, or OTC Markets Group marketplace on which the Common Stock is listed or quoted for trading on the date in question.
		

		
			“Transfer” has the meaning set forth in Section 12.
		

		
			“Underwritten Offering” means an offering Registrable Securities under a Registration Statement in which the Registrable Securities are sold to an underwriter for reoffering to the public.
		

		
			“Underwritten Takedown” has the meaning set forth in Section 2(c).
		

		
			“Well-Known Seasoned Issuer” means a “well-known seasoned issuer” as defined in Rule 405 promulgated under the Securities Act and which (i) is a “well-known seasoned issuer” under paragraph (1)(i)(A) of such definition or (ii) is a “well-known seasoned issuer” under 
		

		
			
		

		
			

		 

		

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			paragraph (1)(i)(B) of such definition and is also eligible to register a primary offering of its securities relying on General Instruction I.B.1 of Form S-3 or Form F-3 under the Securities Act.
		

		
			2.       Initial Shelf Registrations.
		

		
			(a)       Initial Purchaser Shelf Registration 
		

		
			(A)       The Company shall prepare a Shelf Registration Statement (the “Initial Purchaser Shelf Registration Statement”), and shall include in the Initial Purchaser Shelf Registration Statement the Series A Conversion Shares of each Holder who shall request inclusion therein of some or all of their Series A Conversion Shares by checking the appropriate box on the signature page of such Holder hereto or by written notice to the Company no later than five (5) days after the closing of the transactions contemplated by the Purchase Agreements (the “Closing”).  The Company shall file the Initial Purchaser Shelf Registration Statement with the Commission on or prior to the thirtieth (30th) day following the Conversion Date; provided, however, that the Company shall not be required to file or cause to be declared effective the Initial Purchaser Shelf Registration Statement unless Holders request (and have not by the thirtieth day after the Closing revoked such request by written notice to the Company) the inclusion in the Initial Purchaser Shelf Registration Statement of Series A Conversion Shares constituting at least fifteen percent (15%) of all Series A Conversion Shares, and such Holders otherwise timely comply with the requirements of this Agreement with respect to the inclusion of such Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement. 
		

		
			(B)       The Company shall include in the Initial Purchaser Shelf Registration Statement all Series A Conversion Shares whose inclusion has been timely requested as aforesaid; provided, however, that the Company shall not be required to include an amount of Series A Conversion Shares in excess of the amount as may be permitted to be included in such Registration Statement under the rules and regulations of the Commission and the applicable interpretations thereof by the staff of the Commission.
		

		
			(C)       The Initial Purchaser Shelf Registration Statement shall be on Form S-3 (except if the Company is not then eligible to register for resale the Registrable Securities on Form S-3, in which case such registration shall be on another appropriate form in accordance herewith, provided that, in such event, if the Company becomes eligible to register the Series A Conversion Shares for resale by the Holders on Form S-3 (including without limitation as a Well-Known Seasoned Issuer eligible to use an Automatic Shelf Registration Statement), the Company shall be entitled to amend the Initial Purchaser Shelf Registration Statement to a Shelf Registration Statement on Form S-3 or file a Shelf Registration Statement on Form S-3 in substitution of the Initial Purchaser Shelf Registration Statement as initially filed).
		

		
			(D)       The Company shall use its reasonable best efforts to cause the Initial Purchaser Shelf Registration Statement to be declared effective by the Commission as promptly as practicable, and shall use its commercially reasonable efforts to keep such Shelf Registration Statement continuously effective, and not subject to any stop order, injunction or other similar order or requirement of the Commission, until the earlier of (i) 
		

		
			
		

		
			

		 

		

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			the expiration of one (1) year following Effective Date of the Initial Purchaser Shelf Registration Statement, provided that if at the time the Company is eligible to register the Series A Conversion Shares for resale by the Holders on Form S-3, such date shall be extended to three (3) years following the Effective Date of the Initial Purchaser Shelf Registration Statement; and (ii) the date that all securities covered by such Shelf Registration Statement shall cease to be Registrable Securities (the “Effectiveness Period”). In the event of any stop order, injunction or other similar order or requirement of the Commission relating to any Registration Statement, the period during which the Initial Purchaser Shelf Registration Statement shall be required to remain effective will be extended by the number of days during which such stop order, injunction or similar order or requirement is in effect. 
		

		
			(b)       Initial Shelf Registration.  Pursuant to the Original Agreement, the Company prepared and filed a Shelf Registration Statement on Form S-3 (Reg. No. 333-206023) (the “Initial Shelf Registration Statement”).  The Company shall use its commercially reasonable efforts to keep such Shelf Registration Statement continuously effective, and not subject to any stop order, injunction or other similar order or requirement of the Commission, until the earlier of (i) the expiration of three (3) years following the Effective Date of the Initial Shelf Registration Statement and (ii) the date that all securities covered by such Shelf Registration Statement shall cease to be Registrable Securities. In the event of any stop order, injunction or other similar order or requirement of the Commission relating to any Registration Statement, the period during which the Initial Shelf Registration Statement shall be required to remain effective will be extended by the number of days during which such stop order, injunction or similar order or requirement is in effect.
		

		
			(c)       Underwritten Takedowns.  Upon the demand of one or more Holders, the Company shall facilitate a “takedown” of Registrable Securities in the form of an Underwritten Offering (each, an “Underwritten Takedown”), in the manner described in this Agreement, provided that the Registrable Securities requested to be sold by the Holders in such “takedown” shall have an anticipated aggregate offering price (before deducting underwriting discounts and commission) of at least $25 million.
		

		
			3.       Demand Registration
		

		
			(a)       At any time and from time to time on or following the Plan Effective Date, any Demand Holder or group of Demand Holders may request in writing (“Demand Registration Request”) that the Company effect the registration of all or part of such Demand Holder’s or Demand Holders’ Registrable Securities with the Commission under and in accordance with the provisions of the Securities Act.  The Company will file a Registration Statement covering such Demand Holder’s or Demand Holders’ Registrable Securities requested to be registered, and shall use its reasonable commercial efforts to cause such Registration Statement to be declared effective, as promptly as practicable after receipt of such request; provided,  however, that the Company will not be required to file a Registration Statement pursuant to this Section 3:
		

		
			(A)       unless the Registrable Securities requested to be sold by the Demand Holders pursuant to such Registration Statement shall have an anticipated aggregate 
		

		
			
		

		
			

		 

		

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			offering price (before deducting underwriting discounts and commission) of at least $25 million. 
		

		
			(B)       if the Registrable Securities requested to be registered are already covered by an existing and effective Registration Statement and such Registration Statement may be utilized for the offering and sale of the Registrable Securities requested to be registered;
		

		
			(C)       if a Registration Statement shall have previously been initially declared effective by the Commission within the one hundred eighty (180) days preceding the date of such Demand Registration Request is made; and
		

		
			(D)       if the number of Demand Registration Requests previously made pursuant to this Section 3(a) shall exceed three; provided that a Demand Registration Request shall not be considered made for purposes of this clause (D) unless the requested Registration Statement has been declared effective by the Commission for substantially the full amount of Registrable Securities for which registration has been requested.
		

		
			(b)       A Demand Registration Request shall specify (i) the then-current name and address of such Demand Holder or Demand Holders, (ii) the aggregate number of Registrable Securities requested to be registered, (iii) the total number of Registrable Securities then beneficially owned by such Demand Holder or Demand Holders and (iv) the intended means of distribution.  If at the time the Demand Registration Request is made the Company shall be eligible to use Form S-3, the Demand Holder or Demand Holders making such request may specify that the registration be in the form of a Shelf Registration Statement.  
		

		
			(c)       The Company may satisfy its obligations under Section 3(a) hereof by amending (to the extent permitted by applicable law) any registration statement previously filed by the Company under the Securities Act, so that such amended registration statement will permit the disposition (in accordance with the intended methods of disposition specified as aforesaid) of all of the Registrable Securities for which a demand for registration has been properly made under Section 3(b) hereof. If the Company so amends a previously filed registration statement, it will be deemed to have effected a registration for purposes of Section 3(a) hereof; provided that the date such registration statement is amended pursuant to this Section 3(c) shall be the “the first day of effectiveness” of such Registration Statement for purposes of determining the period during which the Registration Statement is required to be maintained effective in accordance with Section 3(e) hereof.
		

		
			(d)       Within ten (10) days after receiving a Demand Registration Request, the Company shall give written notice of such request to all other Holders and shall, subject to the provisions of Section 4(c) in the case of an Underwritten Offering, include in such registration all such Registrable Securities with respect to which the Company has received written requests for inclusion therein within fifteen (15) days after the Company’s giving of such notice, provided that such Registrable Securities are not already covered by an existing and effective Registration Statement that may be utilized for the offering and sale of the Registrable Securities requested to be registered in the manner so requested.
		

		
			
		

		
			

		 

		

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			(e)       The Company will use its reasonable efforts to keep a Registration Statement that has become effective as contemplated by this Section 3 continuously effective, and not subject to any stop order, injunction or other similar order or requirement of the Commission:
		

		
			(A)       in the case of a Registration Statement other than a Shelf Registration Statement, until all Registrable Securities registered thereunder have been sold pursuant to such Registration Statement, but in no event later than two hundred seventy (270) days from the Effective Date of such Registration Statement; and
		

		
			(B)       in the case of a Shelf Registration Statement, the earlier of (x) three (3) years following the Effective Date of the Initial Shelf Registration Statement or the Initial Purchaser Shelf Registration Statement, as applicable; and (y) the date that all the remaining securities covered by such Shelf Registration Statement shall cease to be Registrable Securities;
		

		
			provided, however, that in the event of any stop order, injunction or other similar order or requirement of the Commission relating to any Registration Statement, the period during which the Initial Shelf Registration Statement or Initial Purchaser Shelf Registration Statement, as applicable, shall be required to remain effective will be extended by the number of days during which such stop order, injunction or similar order or requirement is in effect.
		

		
			(f)       The Demand Holder or Demand Holders making a Demand Registration Request may, at any time prior to the Effective Date of the Registration Statement relating to such registration, revoke their request for the Company to effect the registration of all or part of such Demand Holder’s or Demand Holders’ Registrable Securities by providing a written notice to the Company. If, pursuant to the preceding sentence, the entire Demand Registration Request is revoked, then, at the option of the Demand Holder or Demand Holders who revoke such request, either (i) such Demand Holder or Demand Holders shall reimburse the Company for all of its reasonable and documented out-of-pocket expenses incurred in the preparation, filing and processing of the Registration Statement, which out-of-pocket expenses, for the avoidance of doubt, shall not include overhead expenses. or (ii) the requested registration that has been revoked will be deemed to have been effected for purposes of Section 3(a).
		

		
			(g)       If a Registration Statement filed pursuant to this Section 3 is a Shelf Registration Statement, then upon the demand of one or more Demand Holders, the Company shall facilitate a “takedown” of Registrable Securities in the form of an Underwritten Offering, in the manner described in this Agreement, provided that the Registrable Securities requested to be sold by the Demand Holders in such “takedown” shall have an anticipated aggregate offering price (before deducting underwriting discounts and commission) of at least $25 million.  
		

		
			4.       Procedures for Underwritten Offerings.  The following procedures shall govern Underwritten Offerings pursuant to Section 2 or Section 3, whether in the case of an Underwritten Takedown or otherwise.
		

		
			(a)       (i) The Majority Holders shall select one or more investment banking firm(s) of national standing to be the managing underwriter or underwriters for any Underwritten 
		

		
			
		

		
			

		 

		

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			Offering pursuant to a Demand Registration Request or an Underwritten Takedown with the consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed and (ii) the Company shall select one or more investment banking firms of national standing to be the managing underwriter or underwriters for any other Underwritten Offering with the consent of the Majority Holders, which consent shall not be unreasonably withheld, conditioned or delayed.
		

		
			(b)       All Holders proposing to distribute their securities through an Underwritten Offering, as a condition for inclusion of their Registrable Securities therein, shall agree to enter into an underwriting agreement with the underwriters; provided that the underwriting agreement is in customary form and reasonably acceptable to the Majority Holders and provided,  further that no Holder of Registrable Securities included in any underwritten registration shall be required to make any representations or warranties to the Company or the underwriters (other than representations and warranties regarding (i) such Holder’s ownership of its Registrable Securities to be sold or transferred, (ii) such Holder’s power and authority to effect such transfer and (iii) such matters pertaining to compliance with securities laws as may be reasonably requested) or to undertake any indemnification obligations to the Company with respect thereto, except as otherwise provided in Section 10(b) hereof, or to the underwriters with respect thereto, except to the extent of the indemnification being given to the Company and its controlling persons in Section 10(b) hereof.  
		

		
			(c)       If the managing underwriter or underwriters for an Underwritten Offering advises the Holders that the total amount of Registrable Securities or other shares of Common Stock permitted to be registered is such as to adversely affect the success of such Underwritten Offering, the number of Registrable Securities or other shares of Common Stock to be registered on such Registration Statement will be reduced as follows: first, the Company shall reduce or eliminate the securities of the Company to be included by any Person other than a Holder or the Company; second, the Company shall reduce or eliminate any securities of the Company to be included by the Company; third, the Company shall reduce the number of Registrable Securities to be included by Non-Demand Holders on a pro rata basis based on the total number of Registrable Securities requested by Non-Demand Holders to be included in the Underwritten Offering; and fourth the Company shall reduce the number of Registrable Securities to be included by Demand Holders on a pro rata basis based on the total number of Registrable Securities requested by the Demand Holders to be included in the Underwritten Offering; provided that in the case of an Underwritten Takedown pursuant to Section 2(e), in lieu of the reduction in clauses third and fourth, any such reduction shall be made pro rata among the Demand Holders and the Non-Demand Holders based on the total number of Registrable Securities requested by all such Holders to be included in the Underwritten Offering
		

		
			(d)       Within ten (10) days after receiving a request for an Underwritten Offering constituting a “takedown” from a Shelf Registration Statement, the Company shall give written notice of such request to all other Holders, and subject to the provisions of Section 4(e) hereof, include in such Underwritten Offering all such Registrable Securities with respect to which the Company has received written requests for inclusion therein within fifteen (15) days after the Company’s giving of such notice, provided that such Registrable Securities are covered by an 
		

		
			
		

		
			

		 

		

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			existing and effective Shelf Registration Statement that may be utilized for the offering and sale of the Registrable Securities requested to be registered.
		

		
			(e)       The Company will not be required to undertake an Underwritten Offering pursuant to Section 2 or Section 3:
		

		
			(A)       if the Company has undertaken an Underwritten Offering, whether for its own account or pursuant to this Agreement, within the one hundred eighty (180) days preceding the date of the request for such Underwritten Offering is given to the Company; and
		

		
			(B)       if the number of Underwritten Offerings previously made pursuant to Section 2 or Section 3 shall exceed three.
		

		
			5.       Grace Periods.
		

		
			(a)       Notwithstanding anything to the contrary herein—
		

		
			(A)       the Company shall be entitled to postpone the filing or effectiveness of, or suspend the use of, a Registration Statement if in the good faith judgment of the Board, such registration, offering or use would reasonably be expected to materially affect in an adverse manner or materially interfere with any bona fide material financing of the Company or any material transaction under consideration by the Company or would require the disclosure of information that has not been, and is not otherwise required to be, disclosed to the public and the premature disclosure of which would materially affect the Company in an adverse manner, provided, that in the event such Registration Statement relates to a Demand Registration Request, the Demand Holders initiating such Demand Registration Request shall be entitled to withdraw the Demand Registration Request and, if such request is withdrawn, it shall not count as one of the permitted Demand Registration Requests hereunder and the Company shall pay all registration expenses in connection with such registration; and 
		

		
			(B)       at any time after a Registration Statement has been declared effective by the Commission, the Company may delay the disclosure of material non-public information concerning the Company if the disclosure of such information at the time would, in the good faith judgment of the Board, adversely affect the Company (the period of a postponement or suspension as described in clause (A) and/or a delay described in this clause (B), a “Grace Period”).
		

		
			(b)       The Company shall promptly (i) notify the Holders in writing of the existence of the event or material non-public information giving rise to a Grace Period (provided that the Company shall not disclose the content of such material non-public information to the Holders) or the need to file a post-effective amendment, as applicable, and the date on which such Grace Period will begin, (ii) use commercially reasonable efforts to terminate a Grace Period as promptly as practicable and (iii) notify the Holders in writing of the date on which the Grace Period ends.
		

		
			
		

		
			

		 

		

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			(c)       The aggregate of any one Grace Period, or of all Grace Periods in total during any three hundred sixty-five (365) day period, shall not exceed an aggregate of one hundred twenty (120) days. For purposes of determining the length of a Grace Period, the Grace Period shall be deemed to begin on and include the date the Holders receive the notice referred to in clause (ii) of Section 5(b) and shall end on and include the later of the date the Holders receive the notice referred to in clause (iii) of Section 5(b) and the date referred to in such notice.  In the event the Company declares a Grace Period, the period during which the Company is required to maintain the effectiveness of an Initial Shelf Registration Statement, Initial Purchaser Shelf Registration Statement or Registration Statement filed pursuant to a Demand Registration Request shall be extended by the number of days during which such Grace Period is in effect.
		

		
			6.       Piggyback Registration
		

		
			(a)       If at any time, and from time to time, when Registrable Securities are not already covered by an existing and effective Registration Statement, the Company proposes to—
		

		
			(A)       file a registration statement under the Securities Act with respect to an Underwritten Offering of any class of equity securities of the Company or any securities convertible or exercisable into shares of any equity securities of the Company (other than with respect to a registration statement (i) on Form S-8 or any successor form thereto, (ii) on Form S-4 or any successor form thereto, (iii) another form not available for registering the Registrable Securities for sale to the public or (iv) a registration statement filed pursuant to Rule 415), whether or not for its own account; or 
		

		
			(B)       conduct an underwritten offering constituting a “takedown” of a class of equity securities of the Company or any securities convertible or exercisable into shares of any equity securities of the Company registered under a shelf registration statement previously filed by the Company. 
		

		
			(b)       The Company shall give written notice (the “Piggyback Notice”) of such proposed filing or underwritten offering to the Holders at least ten (10) Business Days before the anticipated filing date.  Such notice shall include the number and class of securities proposed to be registered or offered, the proposed date of filing of such registration statement or the conduct of such underwritten offering, any proposed means of distribution of such securities, any proposed managing underwriter of such securities and a good faith estimate by the Company of the proposed maximum offering price of such securities as such price is proposed to appear on the facing page of such registration statement, and shall offer the Holders the opportunity to register such amount of Registrable Securities as each Holder may request on the same terms and conditions as the registration of the Company’s and/or the holders of other securities of the Company securities, as the case may be (a “Piggyback Offering”).  Subject to Section 6(c), the Company will include in each Piggyback Offering all Registrable Securities for which the Company has received written requests for inclusion within five (5) Business Days after the date the Piggyback Notice is given; provided, however, that in the case of the filing of a registration statement, such Registrable Securities are not otherwise registered pursuant to an existing and effective Shelf Registration Statement under this Agreement, but in such case, the Company shall include such Registrable Securities in such underwritten offering if the Shelf Registration 
		

		
			
		

		
			

		 

		

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			Statement may be utilized for the offering and sale of the Registrable Securities requested to be offered; and provided further that, in the case of an underwritten offering in the form of a “takedown” under a shelf registration statement, such Registrable Securities are covered by an existing and effective Shelf Registration Statement that may be utilized for the offering and sale of the Registrable Securities requested to be offered. 
		

		
			(c)       The Company will cause the managing underwriter of the proposed offering to permit the Holders that have requested Registrable Securities to be included in the Piggyback Offering to include all such Registrable Securities on the same terms and conditions as any similar securities, if any, of the Company.  Notwithstanding the foregoing, if the managing underwriter or underwriters of such underwritten offering advises the Company and the selling Holders in writing that, in its view, the total amount of securities that the Company, such Holders and any other holders entitled to participate in such offering (“Other Holders”) propose to include in such offering is such as to adversely affect the success of such underwritten offering, then:
		

		
			(A)       if such Piggyback Offering is an underwritten primary offering by the Company for its own account, the Company will include in such Piggyback Offering:  (i) first, all securities to be offered by the Company; and (ii) second, up to the full amount of securities requested to be included in such Piggyback Offering by the Holders and all Other Holders, allocated pro rata among such Holders and such Other Holders on the basis of the amount of securities requested to be included therein by each of them;
		

		
			(B)       if such Piggyback Offering is an underwritten secondary offering for the account of Other Holders exercising “demand” rights (including pursuant to a Demand Registration Request), the Company will include in such registration: (i) first, all securities of the Other Holder exercising “demand” rights (including pursuant to a Demand Registration Request) requested to be included therein; (ii) second, up to the full amount of securities proposed to be included in the registration by the Company; and (C) third, up to the full amount of securities requested to be included in such Piggyback Offering by the Holders and any Other Holders entitled to participate therein, allocated pro rata among such Holders and Other Holders on the basis of the amount of securities requested to be included therein by each such Holder or Other Holder;
		

		
			such that, in each case, the total amount of securities to be included in such Piggyback Offering is the full amount that, in the view of such managing underwriter, can be sold without adversely affecting the success of such Piggyback Offering.
		

		
			(d)       If at any time after giving the Piggyback Notice and prior to the time sales of securities are confirmed pursuant to the Piggyback Offering, or in the case the Company determines for any reason not to register or delay the registration of the Piggyback Offering, the Company may, at its election, give notice of its determination to all Holders, and in the case of such a determination, will be relieved of its obligation to register any Registrable Securities in connection with the abandoned or delayed Piggyback Offering, without prejudice.
		

		
			(e)       Any Holder of Registrable Securities requesting to be included in a Piggyback Offering may withdraw its request for inclusion by giving written notice to the Company, at least 
		

		
			
		

		
			

		 

		

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			three (3) Business Days prior to the anticipated Effective Date of the Registration Statement filed in connection with such Piggyback Offering, or in the case of a Piggyback Offering constituting a “takedown” off of a shelf registration statement, at least three (3) Business Days prior to the anticipated date of the filing by the Company under Rule 424 of a supplemental prospectus with respect to such offering, of its intention to withdraw from that registration; provided,  however, that (i) the Holder’s request be made in writing and (ii) the withdrawal will be irrevocable and, after making the withdrawal, a Holder will no longer have any right to include its Registrable Securities in that Piggyback Offering.
		

		
			7.       Registration Procedures. If and when the Company is required to effect any registration under the Securities Act as provided in Sections 2(a),  3(a) or 4 of this Agreement, the Company shall use its reasonable best efforts to:
		

		
			(a)       prepare and file with the Commission the requisite Registration Statement to effect such registration and thereafter use its reasonable best efforts to cause such Registration Statement to become and remain effective, subject to the limitations contained herein;
		

		
			(b)       prepare and file with the Commission such amendments and supplements to such Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Registration Statement effective and to comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities covered by such Registration Statement until such time as all of such Registrable Securities have been disposed of in accordance with the method of disposition set forth in such Registration Statement, subject to the limitations contained herein;
		

		
			(c)       (i) before filing a Registration Statement or Prospectus or any amendments or supplements thereto, at the Company’s expense, furnish to the Holders whose securities are covered by the Registration Statement copies of all such documents, other than documents that are incorporated by reference, proposed to be filed and such other documents reasonably requested by such Holders (which may be furnished by email),  and afford Counsel to the Holders a reasonable opportunity to review and comment on such documents; and (ii) in connection with the preparation and filing of each such Registration Statement pursuant to this Agreement, (A) upon reasonable advance notice to the Company, give each of the foregoing such reasonable access to all financial and other records, corporate documents and properties of the Company as shall be necessary, in the reasonable opinion of counsel to such Holders and such underwriters, to conduct a reasonable due diligence investigation for purposes of the Securities Act, and (B) upon reasonable advance notice to the Company and during normal business hours, provide such reasonable opportunities to discuss the business of the Company with its officers, directors, employees and the independent public accountants who have certified its financial statements as shall be necessary, in the reasonable opinion of such counsel to such Holders and such underwriters, to conduct a reasonable due diligence investigation for purposes of the Securities Act;
		

		
			
		

		
			

		 

		

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			(d)       notify each selling Holder of Registrable Securities, promptly after the Company receives notice thereof, of the time when such Registration Statement has been declared effective or a supplement to any Prospectus forming a part of such Registration Statement has been filed;
		

		
			(e)       furnish to each selling Holder of Registrable Securities, and the managing underwriters, without charge, such number of copies of the applicable Registration Statement, each amendment and supplement thereto, the Prospectus included in such Registration Statement (including each preliminary Prospectus, final Prospectus, and any other Prospectus (including any Prospectus filed under Rule 424, Rule 430A or Rule 430B promulgated under the Securities Act and any “issuer free writing prospectus” as such term is defined under Rule 433 promulgated under the Securities Act), all exhibits and other documents filed therewith and such other documents as such seller or such managing underwriters may reasonably request including in order to facilitate the disposition of the Registrable Securities owned by such seller, and upon request, a copy of any and all transmittal letters or other correspondence to or received from, the Commission or any other governmental authority relating to such offer;
		

		
			(f)       (i) register or qualify all Registrable Securities and other securities, if any, covered by such Registration Statement under such other securities or blue sky laws of such states or other jurisdictions of the United States of America as the Holders covered by such Registration Statement shall reasonably request in writing, (ii) keep such registration or qualification in effect for so long as such Registration Statement remains in effect and (iii) take any other action that may be necessary or reasonably advisable to enable such Holders to consummate the disposition in such jurisdictions of the securities to be sold by such Holders, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subsection (f) be obligated to be so qualified, to subject itself to taxation in such jurisdiction or to consent to general service of process in any such jurisdiction;
		

		
			(g)       cause all Registrable Securities included in such Registration Statement to be registered with or approved by such other federal or state governmental agencies or authorities as necessary upon the opinion of counsel to the Company or Counsel to the Holders of Registrable Securities included in such Registration Statement to enable such Holder or Holders thereof to consummate the disposition of such Registrable Securities in accordance with their intended method of distribution thereof;
		

		
			(h)       obtain and, if obtained, furnish to each Holder that is named as an underwriter in the offering and each other underwriter thereof, a signed
		

		
			(A)       opinion of counsel for the Company, dated the date of the closing under the underwriting agreement and addressed to the underwriters, reasonably satisfactory (based on the customary form and substance of opinions of issuers’ counsel customarily given in such an offering) in form and substance to such Holder and such underwriters, if any, and
		

		
			
		

		
			

		 

		

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			(B)       “cold comfort” letter, dated the Effective Date of such Registration Statement (and, if such registration is an Underwritten Offering, dated the date of the closing under the underwriting agreement and addressed to the underwriters) and signed by the independent public accountants who have certified the Company’s financial statements included or incorporated by reference in such registration statement, reasonably satisfactory (based on the customary form and substance of “cold comfort” letters of issuers’ independent public accountant customarily given in such an offering) in form and substance to such Holder and such underwriters, if any, in each case, covering substantially the same matters with respect to such Registration Statement (and the Prospectus included therein) and, in the case of the accountants’ comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer’s counsel and in accountants’ comfort letters delivered to underwriters in such types of offerings of securities;
		

		
			(i)       notify each Holder of Registrable Securities included in such Registration Statement and other securities covered by such Registration Statement, if any, at any time when a Prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the Prospectus included in such Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made and for which the Company chooses to suspend the use of the Registration Statement and Prospectus in accordance with the terms of this Agreement, at the written request of any such Holder, promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such Prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such Prospectus, as supplemented or amended, shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made;
		

		
			(j)       notify the Holders of Registrable Securities included in such Registration Statement and other securities covered by such Registration Statement promptly of any request by the Commission for the amending or supplementing of such Registration Statement or Prospectus or for additional information;
		

		
			(k)       advise the Holders of Registrable Securities included in such Registration Statement and other securities covered by such Registration Statement, promptly after it shall receive notice or obtain knowledge thereof and promptly use its reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a registration statement relating to the Registrable Securities at the earliest practicable moment;
		

		
			(l)       otherwise comply with all applicable rules and regulations of the Commission and any other governmental agency or authority having jurisdiction over the offering, and make available to its stockholders, as soon as reasonably practicable, an 
		

		
			
		

		
			

		 

		

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			earnings statement covering the period of at least twelve (12) months, but not more than eighteen (18) months, beginning with the first (1st) full calendar month after the Effective Date of such Registration Statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and furnish to each Holder and to the managing underwriter, if any, at least ten (10) days prior to the filing thereof (or such shorter time period reasonably necessary in light of applicable legal requirements) a copy of any amendment or supplement to such Registration Statement or Prospectus;
		

		
			(m)       cause all Registrable Securities included in a Registration Statement (i) to be listed on a national securities exchange on which similar securities issued by the Company are then listed, if the listing of such Registrable Securities is then permitted under the rules of such exchange, or (ii) if the Company is not required pursuant to clause (i) above to list Registrable Securities on a specific national securities exchange, use its reasonable best efforts to list the Registrable Securities on a national securities exchange;
		

		
			(n)       provide and cause to be maintained a transfer agent and registrar for the Registrable Securities included in a Registration Statement no later than the Effective Date thereof;
		

		
			(o)       enter into such agreements (including an underwriting agreement in customary form) and take such other actions as the Holders beneficially owning a majority of the Registrable Securities included in a Registration Statement or the underwriters, if any, shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities, including customary indemnification; and provide reasonable cooperation, including causing appropriate officers to attend and participate in “road shows” and other information meetings organized by the underwriters, if any, as reasonably requested; provided,  that the Company shall have no obligation to participate in more than two (2) “road shows” in any twelve (12)-month period and such participation shall not unreasonably interfere with the business operations of the Company;
		

		
			(p)       if requested by the managing underwriter(s) or the Holders beneficially owning a majority of the Registrable Securities being sold in connection with an Underwritten Offering, promptly incorporate in a prospectus supplement or post-effective amendment such information relating to the plan of distribution for such shares of Registrable Securities provided to the Company in writing by the managing underwriters) and the Holders of a majority of the Registrable Securities being sold and that is required to be included therein relating to the plan of distribution with respect to such Registrable Securities, including without limitation, information with respect to the number of Registrable Securities being sold to such underwriters, the purchase price being paid therefor by such underwriters and with respect to any other terms of the Underwritten Offering of the Registrable Securities to be sold in such offering, and make any required filings with respect to such information relating to the plan of distribution as soon as practicable after notified of the information; 
		

		
			
		

		
			

		 

		

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			(q)       cooperate with the Holders of Registrable Securities included in a Registration Statement and the managing underwriter(s), if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends, and enable such Registrable Securities to be in such share amounts and registered in such names as the managing underwriters, or, if none, the Holders beneficially owning a majority of the Registrable Securities being offered for sale, may reasonably request at least three (3) Business Days prior to any sale of Registrable Securities to the underwriters; and
		

		
			(r)       otherwise use its reasonable best efforts to take all other steps necessary to effect the registration of such Registrable Securities contemplated hereby.
		

		
			In addition, at least ten (10) Trading Days prior to the first anticipated filing date of a Registration Statement for any registration under this Agreement, the Company will notify each Holder of the information the Company requires from that Holder, including any update to or confirmation of the information contained in the Selling Stockholder Questionnaire, if any, which shall be completed and delivered to the Company promptly upon request and, in any event, within five (5) Trading Days prior to the applicable anticipated filing date. Each Holder further agrees that it shall not be entitled to be named as a selling securityholder in the Registration Statement or use the Prospectus for offers and resales of Registrable Securities at any time, unless such Holder has returned to the Company a completed and signed Selling Stockholder Questionnaire and a response to any requests for further information as described in the previous sentence and, if an Underwritten Offering, entered into an underwriting agreement with the underwriters in accordance with Section 4(b) and Section 9. If a Holder of Registrable Securities returns a Selling Stockholder Questionnaire or a request for further information, in either case, after its respective deadline, the Company shall be permitted to exclude such Holder from being a selling security holder in the Registration Statement or any pre-effective or post-effective amendment thereto. Each Holder acknowledges and agrees that the information in the Selling Stockholder Questionnaire or request for further information as described in this Section 7 will be used by the Company in the preparation of the Registration Statement and hereby consents to the inclusion of such information in the Registration Statement.
		

		
			8.       Registration Expenses. All fees and expenses incident to the Company’s performance of or compliance with its obligations under this Agreement (excluding any underwriting discounts, fees or selling commissions or broker or similar commissions or fees of any Holder) shall be borne by the Company whether or not any Registrable Securities are sold pursuant to a Registration Statement. The fees and expenses referred to in the foregoing sentence shall include, without limitation, (i) all registration and filing fees (including, without limitation, fees and expenses (A) with respect to filings required to be made with any Trading Market on which the Common Stock is then listed for trading, (B) with respect to compliance with applicable state securities or Blue Sky laws (including, without limitation, fees and disbursements of counsel for the Company in connection with Blue Sky qualifications or exemptions of the Registrable Securities and determination of the eligibility of the Registrable Securities for investment under the laws of such jurisdictions as requested by the Holders) and (C) if not previously paid by the Company in connection with an Issuer Filing, with respect to any filing that may be required to be made by any broker through which a Holder intends to make sales of Registrable Securities with the Financial Industry Regulatory Authority (“FINRA”) 
		

		
			
		

		
			

		 

		

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			pursuant to the FINRA Rule 5110, so long as the broker is receiving no more than a customary brokerage commission in connection with such sale, (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities and of printing prospectuses if the printing of prospectuses is reasonably requested by the Holders of a majority of the Registrable Securities included in the Registration Statement), (iii) messenger, telephone and delivery expenses, (iv) fees and disbursements of counsel for the Company, (v) the reasonable fees and expenses incurred in connection with any road show for underwritten offerings, (vi) Securities Act liability insurance, if the Company so desires such insurance, and (vii) fees and expenses of all other Persons retained by the Company in connection with the consummation of the transactions contemplated by this Agreement.  In addition, the Company will pay the reasonable fees and disbursements of the Counsel to the Holders, including, for the avoidance of doubt, any expenses of Counsel to the Holders in connection with the filing or amendment of any Registration Statement, Prospectus or free writing prospectus hereunder.
		

		
			9.       Lockups.  In connection with any Underwritten Takedown or underwritten registration pursuant to a Demand Registration Request or other underwritten public offering of equity securities by the Company, except with the written consent of the underwriters managing such offering, no Holder who participates in such offering or beneficially owns five percent (5%) or more of the outstanding shares of Common Stock at such time and a number of Registrable Securities that exceeds one percent (1%) of the Initial Registrable Securities Number shall effect any public sale or distribution (including sales pursuant to Rule 144) of equity securities of the Company, or any securities convertible into or exchangeable or exercisable for such securities, without prior written consent from the Company, during the seven (7) days prior to and the ninety (90)-day period beginning on the date of closing of such offering (the “Lockup Period”), except as part of such offering, provided, that such Lockup Period restrictions are applicable on substantially similar terms to the Company and all of its and its subsidiaries’ executive officers and directors; provided that nothing herein will prevent any Holder from making a distribution of Registrable Securities to any of its partners, members or stockholders thereof or a transfer of Registrable Securities to an Affiliate or Related Fund that is otherwise in compliance with the applicable securities laws, so long as such distributees or transferees, as applicable, agree to be bound by the restrictions set forth in this Section 9.  Each Holder agrees to execute a lock-up agreement in favor of the Company’s underwriters to such effect and, in any event, that the Company’s underwriters in any relevant offering shall be third party beneficiaries of this Section 9.  The provisions of this Section 9 will no longer apply to a Holder once such Holder ceases to hold Registrable Securities.
		

		
			10.       Indemnification.
		

		
			(a)       Indemnification by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify, defend and hold harmless each Holder, the officers, directors, agents, partners, members, managers, stockholders, Affiliates and employees of each of them, each Person who controls any such Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, partners, members, managers, stockholders, agents and employees of each such controlling Person, to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable costs of preparation and investigation and reasonable attorneys’ fees) and expenses (collectively, “Losses”), to which any of them may 
		

		
			
		

		
			

		 

		

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			become subject, that arise out of or are based upon (i) any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus or (ii) any omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading, except to the extent, but only to the extent, that (A) such untrue statements, alleged untrue statements, omissions or alleged omissions are based upon information regarding such Holder furnished in writing to the Company by such Holder expressly for use therein, or to the extent that such information relates to such Holder or such Holder’s proposed method of distribution of Registrable Securities and was provided by such Holder expressly for use in the Registration Statement, such Prospectus or such form of Prospectus or in any amendment or supplement thereto, or (B) in the case of an occurrence of an event of the type specified in Section 7(i), related to the use by a Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus is outdated or defective and prior to the receipt by such Holder of the Advice contemplated and defined in Section 14(c) below, but only if and to the extent that following the receipt of the Advice the misstatement or omission giving rise to such Loss would have been corrected. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of an Indemnified Party (as defined in Section 9(c)), shall survive the transfer of the Registrable Securities by the Holders, and shall be in addition to any liability which the Company may otherwise have.
		

		
			(b)       Indemnification by Holders. Each Holder shall, severally and not jointly, indemnify and hold harmless the Company, its directors, officers, agents and employees, each Person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and against all Losses, as incurred, arising out of or are based upon any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus, or any form of prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus, or any form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading (i) to the extent, but only to the extent, that such untrue statements or omissions are based upon information regarding such Holder furnished in writing to the Company by such Holder expressly for use therein or (ii) to the extent, but only to the extent, that such information relates to such Holder or such Holder’s proposed method of distribution of Registrable Securities and was provided by such Holder expressly for use in a Registration Statement, such Prospectus or such form of Prospectus or in any amendment or supplement thereto or (iii) in the case of an occurrence of an event of the type specified in Section 7(i), to the extent, but only to the extent, related to the use by such Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus is outdated or defective and prior to the receipt by such Holder of the Advice contemplated in Section 14(c), but only if and to the extent that following the receipt of the Advice the misstatement or omission giving rise to such Loss would have been corrected. In no event shall the liability of any selling Holder hereunder be greater in amount than the dollar amount of the net proceeds received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation.  
		

		
			
		

		
			

		 

		

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			(c)       Conduct of Indemnification Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity hereunder (an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought (the “Indemnifying Party”) in writing, and the Indemnifying Party shall have the right to assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all reasonable fees and expenses incurred in connection with defense thereof; provided, that the failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement, except (and only) to the extent that such failure shall have materially and adversely prejudiced the Indemnifying Party.
		

		
			An Indemnified Party shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed in writing to pay such fees and expenses; (2) the Indemnifying Party shall have failed promptly to assume the defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or (3) the named parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party, and such Indemnified Party shall have been advised by counsel that in the reasonable judgment of such counsel a conflict of interest exists if the same counsel were to represent such Indemnified Party and the Indemnifying Party; provided, that the Indemnifying Party shall not be liable for the reasonable and documented fees and expenses of more than one separate firm of attorneys at any time for all Indemnified Parties. The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without its written consent, which consent shall not be unreasonably withheld, delayed or conditioned. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding.
		

		
			Subject to the terms of this Agreement, all reasonable and documented fees and expenses of the Indemnified Party (including reasonable and documented fees and expenses to the extent incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with this Section 10(c)) shall be paid to the Indemnified Party, as incurred, with reasonable promptness after receipt of written notice thereof to the Indemnifying Party; provided, that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses applicable to such actions for which such Indemnified Party is finally judicially determined to not be entitled to indemnification hereunder. The failure to deliver written notice to the Indemnifying Party within a reasonable time of the commencement of any such action shall not relieve such Indemnifying Party of any liability to the Indemnified Party under this Section 10, except to the extent that the Indemnifying Party is materially and adversely prejudiced in its ability to defend such action.
		

		
			(d)       Contribution. If a claim for indemnification under Section 10(a) or 10(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such 
		

		
			
		

		
			

		 

		

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			Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission.
		

		
			The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 10(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of this Section 10(d), no Holder shall be required to contribute, in the aggregate, any amount in excess of the amount by which the net proceeds actually received by such Holder from the sale of the Registrable Securities subject to the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.
		

		
			11.       Rule 144 and Rule 144A; Other Exemptions.  With a view to making available to the Holders of Registrable Securities the benefits of Rule 144 and Rule 144A promulgated under the Securities Act and other rules and regulations of the Commission that may at any time permit a Holder of Registrable Securities to sell securities of the Company to the public without registration, until the later of (a) the first anniversary hereof and (b) such time as the Company is no longer subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company covenants that it will (i) file in a timely manner all reports and other documents required, if any, to be filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted thereunder or (ii) make available information necessary to comply with Rule 144 and Rule 144A, if available with respect to resales of the Registrable Securities under the Securities Act, at all times, all to the extent required from time to time to enable such Holder to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (x) Rule 144 and Rule 144A promulgated under the Securities Act (if available with respect to resales of the Registrable Securities), as such rules may be amended from time to time or (y) any other rules or regulations now existing or hereafter adopted by the Commission.  Upon the reasonable request of any Holder of Registrable Securities, the Company will deliver to such Holder a written statement as to whether it has complied with such information requirements, and, if not, the specific reasons for non-compliance.
		

		
			12.       Transfer of Registration Rights.  Any Holder may freely assign its rights hereunder on a pro rata basis in connection with any sale, transfer, assignment, or other conveyance (any of the foregoing, a “Transfer”) of Registrable Securities to any transferee or assignee; provided that all of the following additional conditions are satisfied:  (a) such Transfer is effected in accordance with applicable securities laws; (b) such transferee or assignee agrees in writing to become subject to the terms of this Agreement; and (c) the Company is given written 
		

		
			
		

		
			

		 

		

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			notice by such Holder of such Transfer, stating the name and address of the transferee or assignee and identifying the Registrable Securities with respect to which such rights are being transferred or assigned; and further provided, that (i) any rights assigned hereunder shall apply only in respect of the Registrable Securities that are Transferred and not in respect of any other securities that the transferee or assignee may hold, (ii) any Registrable Securities that are Transferred may cease to constitute Registrable Securities following such Transfer in accordance with the terms of this Agreement, and (iii) no rights pursuant to Section 3 hereof may be assigned by a Holder except (A) to an Affiliate of such Holder or (B) in connection with the Transfer by such Holder of ten percent (10%) or more of the outstanding Common Stock of the Company to a single transferee in a private placement.
		

		
			13.       Further Assurances.  Each of the parties hereto shall execute all such further instruments and documents and take all such further action as any other party hereto may reasonably require in order to effectuate the terms and purposes of this Agreement.
		

		
			14.       Miscellaneous.
		

		
			(a)       Remedies. Any Person having rights under any provision of this Agreement shall be entitled to enforce such rights specifically to recover damages caused by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law.  The parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that any party may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or other security) for specific performance and for other injunctive relief in order to enforce or prevent violation of the provisions of this Agreement.
		

		
			(b)       Compliance. Each Holder covenants and agrees that it will comply with the prospectus delivery requirements of the Securities Act as applicable to it (unless an exemption therefrom is available) in connection with sales of Registrable Securities pursuant to any Registration Statement and shall sell the Registrable Securities only in accordance with a method of distribution described in each Registration Statement
		

		
			(c)       Discontinued Disposition. By its acquisition of Registrable Securities, each Holder agrees that, upon receipt of a notice from the Company of the occurrence of a Grace Period or any event of the kind described in Section 7(i), such Holder will forthwith discontinue disposition of such Registrable Securities under a Registration Statement until it is advised in writing (the “Advice”) by the Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed. The Company may provide appropriate stop orders to enforce the provisions of this paragraph.
		

		
			(d)       Preservation of Rights.  The Company shall not grant any registration rights to third parties which are more favorable than or inconsistent with the rights granted hereunder unless any such more favorable rights are concurrently added to the rights granted hereunder.
		

		
			(e)       No Inconsistent Agreements. The Company shall not hereafter enter into any agreement with respect to its securities which is inconsistent with or violates the rights granted to the Holders in this Agreement.  
		

		
			
		

		
			

		 

		

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			(f)       Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented, or waived unless the same shall be in writing and signed by the Company and Holders holding at least a majority of the then outstanding Registrable Securities; provided, however, that any party may give a waiver as to itself; provided further that no amendment, modification, supplement, or waiver that disproportionately and adversely affects, alters, or changes the interests of any Holder shall be effective against such Holder without the prior written consent of such Holder; and provided further that the waiver of any provision with respect to any Registration Statement or offering may be given by Holders holding at least a majority of the then outstanding Registrable Securities entitled to participate in such offering or, if such offering shall have been commenced, having elected to participate in such offering.  Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of certain Holders (e.g., Demand Holders) and that does not directly or indirectly affect the rights of other Holders may be given by Holders of a majority of the Registrable Securities to which such waiver or consent relates; provided,  however, that the provisions of this sentence may not be amended, modified, or supplemented except in accordance with the provisions of the immediately preceding sentence.  No waiver of any terms or conditions of this Agreement shall operate as a waiver of any other breach of such terms and conditions or any other term or condition, nor shall any failure to enforce any provision hereof operate as a waiver of such provision or of any other provision hereof.  No written waiver hereunder, unless it by its own terms explicitly provides to the contrary, shall be construed to effect a continuing waiver of the provisions being waived and no such waiver in any instance shall constitute a waiver in any other instance or for any other purpose or impair the right of the party against whom such waiver is claimed in all other instances or for all other purposes to require full compliance with such provision.  The failure of any party to enforce any provision of this Agreement shall not be construed as a waiver of such provision and shall not affect the right of such party thereafter to enforce each provision of this Agreement in accordance with its terms. 
		

		
			(g)       Notices. Any notice or other communication required or which may be given hereunder shall be in writing and shall be sent by certified or regular mail, by private national courier service (return receipt requested, postage prepaid), by personal delivery or by facsimile transmission.  Such notice or communication shall be deemed given (i) if mailed, two days after the date of mailing, (ii) if sent by national courier service, one Business Day after being sent, (iii) if delivered personally, when so delivered, or (iv) if sent by facsimile transmission, on the Business Day after such facsimile is transmitted, in each case as follows: 
		

		
			(A)       If to the Company:
		

		
			Genco Shipping & Trading Limited
		

		
			299 Park Avenue, 12th Floor
New York, New York 10171
Facsimile: (646) 443-8551
		

		
			Attention: John C. Wobensmith
		

		
			
		

		
			

		 

		

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			with a copy (which shall not constitute notice) to:
		

		
			Kramer Levin Naftalis & Frankel LLP
1177 Avenue of the Americas
New York, New York 10036
Facsimile: (212) 715-8000
Attention: Thomas E. Molner
		

		
			(B)       If to the Holders (or to any of them), at their addresses as they appear in the in the records of the Company or the records of the transfer agent or registrar, if any, for the Common Stock.
		

		
			If any time period for giving notice or taking action hereunder expires on a day which is a Saturday, Sunday or legal holiday in the State of New York or the jurisdiction in which the Company’s principal office is located, the time period shall automatically be extended to the Business Day immediately following such Saturday, Sunday or legal holiday.
		

		
			(h)       Successors and Assigns. Subject to Section 12 hereof, this Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns (including any trustee in bankruptcy).  No assignment or delegation of this Agreement by the Company, or any of the Company’s rights, interests or obligations hereunder, shall be effective against any Holder without the prior written consent of such Holder.
		

		
			(i)       Execution and Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same Agreement.
		

		
			(j)       Delivery by Facsimile.  This Agreement, the agreements referred to herein, and each other agreement or instrument entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine or other electronic means, shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person.  At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto shall re-execute original forms thereof and deliver them to all other parties.  No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or other electronic means to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or other electronic means as a defense to the formation or enforceability of a contract and each such party forever waives any such defense.
		

		
			(k)       Governing Law; Venue.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of New York or any other jurisdiction) to the extent such rules or provisions would cause the application of the laws of any jurisdiction other than the State of New York.  Each of the parties to this Agreement consents and agrees that 
		

		
			
		

		
			

		 

		

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			any action to enforce this Agreement or any dispute, whether such dispute arises in law or equity, arising out of or relating to this Agreement shall be brought exclusively in the United States District Court for the Southern District of New York or any New York State Court sitting in New York City.  The parties hereto consent and agree to submit to the exclusive jurisdiction of such courts.  Each of the parties to this Agreement waives and agrees not to assert in any such dispute, to the fullest extent permitted by applicable law, any claim that (i) such party and such party’s property is immune from any legal process issued by such courts or (ii) any litigation or other proceeding commenced in such courts is brought in an inconvenient forum.  The parties hereby agree that mailing of process or other papers in connection with any such action or proceeding to an address provided in writing by the recipient of such mailing, or in such other manner as may be permitted by law, shall be valid and sufficient service thereof and hereby waive any objections to service in the manner herein provided.  
		

		
			(l)       Waiver of Jury Trial.  Each of the parties to this Agreement hereby agrees to waive its respective rights to a jury trial of any claim or cause of action based upon or arising out of this Agreement.  The scope of this waiver is intended to be all-encompassing of any and all disputes that may be filed in any court and that relate to the subject matter of this Agreement, including contract claims, tort claims and all other common law and statutory claims.  Each party hereto acknowledges that this waiver is a material inducement to enter into this Agreement, that each has already relied on this waiver in entering into this Agreement, and that each will continue to rely on this waiver in their related future dealings.  Each party hereto further warrants and represents that it has reviewed this waiver with its legal counsel and that it knowingly and voluntarily waives its jury trial rights following consultation with legal counsel.  THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 14(l) AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT.  In the event of litigation, this Agreement may be filed as a written consent to a trial by the court.
		

		
			(m)       Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or the effectiveness or validity of any provision in any other jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein.
		

		
			(n)       Descriptive Headings; Interpretation; No Strict Construction.  The descriptive headings of this Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement.  Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular forms of nouns, pronouns, and verbs shall include the plural and vice versa.  Reference to any agreement, document, or instrument means such agreement, document, or instrument as amended or otherwise modified from time to time in accordance with the terms thereof, and, if applicable, hereof.  The words “include”, “includes” or “including” in this Agreement shall be deemed to be followed by “without limitation”.  The use of the words “or,” “either” or “any” shall not be 
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			exclusive.  The parties hereto have participated jointly in the negotiation and drafting of this Agreement.  If an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement.  All references to laws, rules, regulations and forms in this Agreement shall be deemed to be references to such laws, rules, regulations and forms, as amended from time to time or, to the extent replaced, the comparable successor thereto in effect at the time.  All references to agencies, self-regulatory organizations or governmental entities in this Agreement shall be deemed to be references to the comparable successors thereto from time to time.
		

		
			(o)       Entire Agreement. This Agreement and any certificates, documents, instruments and writings that are delivered pursuant hereto, constitutes the entire agreement and understanding of the parties in respect of the subject matter hereof and supersedes all prior understandings, agreements or representations by or among the parties, written or oral, to the extent they relate in any way to the subject matter hereof.
		

		
			(p)       Waiver.  The Holders hereby waive their rights pursuant to Sections 6.1(n) and 9.6 of each Purchase Agreement in respect of the inclusion of a liquidated damages provision in Section 2(d) of the registration rights agreement contemplated to be executed in connection with the Additional Private Placement (as defined in each Purchase Agreement).
		

		
			(q)       Termination. The obligations of the Company and of any Holder, other than those obligations contained in Section 10 and this Section 14, shall terminate with respect to the Company and such Holder as soon as such Holder no longer beneficially owns any Registrable Securities.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						GENGO SHIPPING & TRADING LIMITED

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Apostolos Zafolias

				
	
					
						 

					
					
						Name: 

					
					
						Apostolos Zafolias

				
	
					
						 

					
					
						Title: 

					
					
						Chief Financial Officer

				

		
			 
		

		
			[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK,
SIGNATURE PAGES OF HOLDERS TO FOLLOW]
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				

		
			 
		

		
			CENTERBRIDGE CAPITAL PARTNERS II (CAYMAN) LP
		

		
			CENTERBRIDGE CAPITAL PARTNERS SBS II (CAYMAN) LP
		

		
			CENTERBRIDGE CAPITAL PARTNERS MASTER LP
		

		
			CENTERBRIDGE CREDIT PARTNERS LP
		

		
			CENTERBRIDGE SPECIAL CREDIT PARTNERS II AIV IV (CAYMAN) LP
		

		
			CENTERBRIDGE SPECIAL CREDIT PARTNERS II LP
		

			
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Susanne V. Clark

					
					
						 

				
	
					
						Name:

					
					
						Susanne V. Clark

					
					
						 

				
	
					
						Title:

					
					
						Authorized Signatory

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						STRATEGIC VALUE MASTER FUND, LTD.

					
					
						 

				
	
					
						By: 

					
					
						Strategic Value Partners, LLC, its Investment Manager

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ James Dougherty

					
					
						 

				
	
					
						Name:

					
					
						James Dougherty

					
					
						 

				
	
					
						Title:

					
					
						Fund Chief Financial Officer

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						STRATEGIC VALUE SPECIAL SITUATIONS MASTER FUND II, L.P.

				
	
					
						By: 

					
					
						SVP Special Situations II, LLC, its Investment Manager

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ James Dougherty

					
					
						 

				
	
					
						Name:

					
					
						James Dougherty

					
					
						 

				
	
					
						Title:

					
					
						Fund Chief Financial Officer

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						STRATEGIC VALUE SPECIAL SITUATIONS MASTER FUND III, L.P.

				
	
					
						By: 

					
					
						SVP Special Situations III, LLC, its Investment Manager

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ James Dougherty

					
					
						 

				
	
					
						Name:

					
					
						James Dougherty

					
					
						 

				
	
					
						Title:

					
					
						Fund Chief Financial Officer

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						STRATEGIC VALUE OPPORTUNITIES FUND, L.P.

				
	
					
						By: 

					
					
						SVP Special Situations III-A, LLC, its Investment Manager

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ James Dougherty

					
					
						 

				
	
					
						Name:

					
					
						James Dougherty

					
					
						 

				
	
					
						Title:

					
					
						Fund Chief Financial Officer

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Apollo Centre Street Partnership, L.P.

					
					
						 

				
	
					
						By:

					
					
						Apollo Centre Street Management, LLC,

					
					
						 

				
	
					
						 

					
					
						its investment manager

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Joseph D. Glatt

					
					
						 

				
	
					
						Name:

					
					
						Joseph D. Glatt

					
					
						 

				
	
					
						Title:

					
					
						Vice President 

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Apollo Credit Opportunity Trading Fund III

					
					
						 

				
	
					
						By:

					
					
						Apollo Credit Opportunity Fund III LP,

					
					
						 

				
	
					
						 

					
					
						its general partner

					
					
						 

				
	
					
						By:

					
					
						Apollo Credit Opportunity Management III LLC,

					
					
						 

				
	
					
						 

					
					
						its investment manager

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Joseph D. Glatt

					
					
						 

				
	
					
						Name:

					
					
						Joseph D. Glatt

					
					
						 

				
	
					
						Title:

					
					
						Vice President

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						Apollo Credit Opportunity Fund (Offshore) III LP,

					
					
						 

				
	
					
						 

					
					
						its general partner

					
					
						 

				
	
					
						By:

					
					
						Apollo Credit Opportunity Management III LLC,

					
					
						 

				
	
					
						 

					
					
						its investment manager

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Joseph D. Glatt

					
					
						 

				
	
					
						Name:

					
					
						Joseph D. Glatt

					
					
						 

				
	
					
						Title:

					
					
						Vice President

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						AEC (Lux) S.à.r.l.

					
					
						 

				
	
					
						By:

					
					
						Apollo European Credit Management, L.P.,

					
					
						 

				
	
					
						 

					
					
						its investment manager

					
					
						 

				
	
					
						By:

					
					
						Apollo European Credit Management GP, LLC,

					
					
						 

				
	
					
						 

					
					
						its general partner

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Joseph D. Glatt

					
					
						 

				
	
					
						Name:

					
					
						Joseph D. Glatt

					
					
						 

				
	
					
						Title:

					
					
						Vice President

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						AES (Lux) S.à.r.l.

					
					
						 

				
	
					
						By:

					
					
						Apollo European Strategic Management, L.P.,

					
					
						 

				
	
					
						 

					
					
						its investment manager

					
					
						 

				
	
					
						By:

					
					
						Apollo European Strategic Management GP, LLC,

					
					
						 

				
	
					
						 

					
					
						its general partner

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

				
	
					
						By:

					
					
						/s/Joseph D. Glatt

					
					
						 

				
	
					
						Name:

					
					
						Joseph D. Glatt

					
					
						 

				
	
					
						Title:

					
					
						Vice President

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						ANS U.S. Holdings Ltd.

					
					
						 

				
	
					
						By:

					
					
						Apollo SK Strategic Investments, L.P.,

					
					
						 

				
	
					
						 

					
					
						its sole shareholder

					
					
						 

				
	
					
						By:

					
					
						Apollo SK Strategic Advisors GP, L.P.,

					
					
						 

				
	
					
						 

					
					
						its general partner

					
					
						 

				
	
					
						By:

					
					
						Apollo SK Strategic Advisors, LLC,

					
					
						 

				
	
					
						 

					
					
						its general partner

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/Joseph D. Glatt

					
					
						 

				
	
					
						Name:

					
					
						Joseph D. Glatt

					
					
						 

				
	
					
						Title:

					
					
						Vice President

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Apollo Special Opportunities Managed Account, L.P.

					
					
						 

				
	
					
						By:

					
					
						Apollo SVF Management, L.P.,

					
					
						 

				
	
					
						 

					
					
						its investment manager

					
					
						 

				
	
					
						By:

					
					
						Apollo SVF Management GP, LLC,

					
					
						 

				
	
					
						 

					
					
						its general partner

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

				
	
					
						By:

					
					
						/s/ Joseph D. Glatt

					
					
						 

				
	
					
						Name:

					
					
						Joseph D. Glatt

					
					
						 

				
	
					
						Title:

					
					
						Vice President

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Apollo Zeus Strategic Investments, L.P.

					
					
						 

				
	
					
						By:

					
					
						Apollo Zeus Strategic Management, LLC,

					
					
						 

				
	
					
						 

					
					
						its investment manager

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Joseph D. Glatt

					
					
						 

				
	
					
						Name:

					
					
						Joseph D. Glatt

					
					
						 

				
	
					
						Title:

					
					
						Vice President

					
					
						 

				

		
			 
		

		
			☒       By checking this box, the Holder signing above hereby requests the inclusion of all of its its Series A Conversion Shares in the Initial Purchaser Shelf Registration Statement.
		

		
			☐       By checking this box, the Holder signing above hereby requests the inclusion of _____________________ of its Registrable Securities in the Initial Purchaser Shelf Registration Statement, constituting less than all of its its Series A Conversion Shares.
		

		
			 
		

		
			 
		

		
			

		 

		

			[Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			 
		

		
			IN WITNESS WHEREOF, the undersigned parties have executed this Registration Rights Agreement as of the date first written above.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						NON-DEMAND HOLDER:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						FLEET ACQUISITION LLC

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Peter C. Georgiopoulos

					
					
						 

				
	
					
						Peter C. Georgiopoulos

					
					
						 

				
	
					
						Sole Member of the Management Committee

					
					
						 

				

		
			 
		

		
			 
		

		
			

		 

		

			[Non-Demand Holder Signature Page to Registration Rights Agreement]

		

 

		

		
			Schedule A
		

		
			Demand Holders
		

		
			Centerbridge Special Credit Partners II AIV IV (Cayman), L.P.
		

		
			Centerbridge Special Credit Partners II, L.P.
		

		
			Centerbridge Credit Partners Master, L.P.
		

		
			Centerbridge Credit Partners, L.P.
		

		
			Centerbridge Capital Partners II (Cayman), L.P.
		

		
			Centerbridge Capital Partners SBS II (Cayman), L.P.
		

		
			Strategic Value Master Fund, Ltd.
		

		
			Strategic Value Special Situations Master Fund II, L.P.
		

		
			Strategic Value Special Situations Master Fund III, L.P.
		

		
			Strategic Value Opportunities Fund, L.P.
		

		
			Apollo Centre Street Partnership, L.P.
		

		
			Apollo Credit Opportunity Trading Fund III
		

		
			Apollo European Credit Fund, L.P.
		

		
			AEC (Lux) S.à.r.l.
		

		
			AES (Lux) S.à.r.l., 
		

		
			ANS U.S. Holdings Ltd.
		

		
			Apollo SK Strategic Investments, L.P.
		

		
			Apollo Special Opportunities Managed Account, L.P.
		

		
			Apollo Zeus Strategic Investments, L.P.

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