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  Exhibit 4.1    
    

 
    CORPORATE PROPERTY ASSOCIATES 18 — GLOBAL INCORPORATED    
    
    AMENDED AND RESTATED DISTRIBUTION REINVESTMENT PLAN    
    

        Corporate Property Associates 18 — Global Incorporated, a Maryland corporation
("CPA®:18" or the "Company"), has adopted this Amended and Restated Distribution Reinvestment Plan (the
"Plan"), on the terms and conditions set forth below. 

        1.    Participation.    

        (a)   Subject
to Section 2 herein, any purchaser of the Company's shares of common stock, par value $0.001 per share (the "Shares"),
including shares of the Company's Class A common stock (the "Class A Shares") and Class C common stock (the "Class C
Shares"), may become a participant of the Plan (a "Participant") at the time of subscription for Shares, or at a later time, by making a written election to
participate in accordance with instructions described in the then-current prospectus relating to the Plan. 

        (b)   A
Participant is required to enroll all of the Shares owned by such Participant in the Plan. 

        2.    Eligibility.    A Participant must be the stockholder of record of all Shares
enrolled by the Participant in the Plan. If a purchaser's Shares are held by a broker-dealer or nominee for the benefit of the purchaser, such Shares must be transferred to ownership in the name of
the purchaser of the Shares in order to be an eligible Participant of the Plan. Further, a stockholder who wishes to participate in the Plan may purchase shares through the Plan only after receipt of
a prospectus relating to the Plan. 

        3.    Agent.    DST Systems, Inc. (the "Agent") will
act as agent for each Participant in the Plan. The Agent will use cash distributions, which become payable to a Participant on enrolled Shares (including Shares acquired through the Plan) to purchase
additional whole and fractional Shares for such Participant. Any new or successor agent appointed by the Company for the Participants in accordance with Section 12 herein shall have all of the
rights and obligations of the Agent under the Plan. 

        3.    Stock Purchases.    

        (a)   Purchases
of Shares will be made directly from the Company and shall be made in the same class as the Shares on which the Participant received the cash distributions
that are being reinvested through the Plan (i.e., distributions paid on Class A Shares will be used to purchase additional Class A Shares and distributions paid on Class C
Shares will be used to purchase additional Class C Shares). 

        (b)   As
a general matter, Shares purchased through the Plan will be purchased at the most recently published estimated net asset value per Share of the Company;  provided, however, that until the Company
receives the first annual valuation of its assets and publishes a net asset value per Share, the purchase
price for Shares purchased under the Plan will be $10.00 per Class A Share and $9.35 per Class C Share. The Company will advise the Agent of any change in the purchase price of Shares
through the Plan from time to time and will publish such information on the Company's website. The Agent shall have no responsibility with respect to the market value of the Shares acquired for
Participants under the Plan. 

        (c)   In
making purchases for the accounts of Participants, the Agent may commingle the funds of one Participant with those of other Participants in the Plan. All shares
purchased under the Plan will be held in the name of each Participant. 

        4.    Timing of Purchases.    The Company generally intends to accrue and pay
distributions on Shares on a quarterly basis; provided, however, that distributions are subject to the discretion of the Company's board of directors
and there can be no assurances as to whether distributions will be paid or their frequency. The Agent will use its reasonable efforts to reinvest all cash distributions paid by the Company on enrolled
Shares on the day such cash distributions are paid (a "Distribution Payment Date") (except where necessary to comply with applicable securities laws). If, for any reason
beyond the control of the Agent, reinvestment of the cash distributions cannot be completed within 30 days after the applicable Distribution Payment Date, the Participants' funds held by the
Agent will be distributed to the Participants. 

 

        5.    Account Statements.    Following the completion of the purchase of Shares after
each cash distribution paid by the Company, the Agent will provide to each Participant an account statement showing the amount of the cash distribution, the number of Shares purchased with the cash
distribution and the year-to-date and cumulative cash distributions paid by the Company. 

        6.    Expenses and Commissions.    There will be no direct expenses to Participants for
the administration of the Plan. Administrative fees associated with the Plan will be paid by the Company. Distribution and shareholder servicing fees will not be paid on Class C Shares
purchased under the Plan. 

        7.    Taxation of Distributions.    The reinvestment of distributions in the Plan does
not relieve Participants of any taxes that may be payable on such distributions. As a result, unless a Participant is exempt from tax, Participants may have to use funds from other sources to pay the
tax liability attributable to distribution amounts that are reinvested under the Plan. 

        8.    Stock Certificates.    No stock certificates will be issued to a Participant. 

        9.    Voting of Shares.    In connection with any matter requiring the vote of the
Company's stockholders, each Participant will be entitled to vote all of the whole Shares held by the Participant in the Plan. Fractional Shares will not be voted. 

        10.    Absence of Liability.    Neither the Company nor the Agent shall have any
responsibility or liability as to the value of the Shares, any change in the value of, the Shares acquired for any Participant's account, or the rate of return earned on, or the value of, the
interest-bearing accounts, if any, in which distributions are invested. Neither the Company nor the Agent shall be liable for any act done in good faith, or for any good faith omission to act,
including, without limitation, any claims of liability: (a) arising out of the failure to terminate a Participant's participation in the Plan upon such Participant's death prior to the date of
receipt of such notice, and (b) with respect to the time and prices at which Shares are purchased for a Participant. NOTWITHSTANDING THE FOREGOING, LIABILITY UNDER THE U.S. FEDERAL SECURITIES
LAWS CANNOT BE WAIVED. Similarly, the Company and the Agent have been advised that in the opinion of certain state securities commissioners, indemnification is also considered contrary to public
policy and therefore unenforceable. 

        11.    Termination of Participation.    A Participant may terminate participation in the
Plan at any time by written notice to that effect to the Agent. To be effective on a Distribution Payment Date, the notice of termination must be received by the Agent at least 15 days before
that Distribution Payment Date. The Agent may terminate any Participant's account at any time in its discretion by notice in writing mailed to the Participant. 

        12.    Amendment, Termination and Suspension of the Plan.    

        (a)   The
Plan may be amended by the Company at any time, including to appoint a new or successor Agent. The Company will provide written notice of any material amendment by
including such information in a Current Report on Form 8-K or other filing by the Company with the Securities and Exchange Commission. Any amendment to the Plan shall be effective as to the
Participant until such time, if at all, that the Agent receives written notice of termination of the Participant's account. 

        (b)   The
Plan may be terminated by the Company at any time. The Company will provide written notice of any such termination not later than 10 days prior to the
effective date of the termination. 

        (c)   The
Company may suspend the Plan at any time without notice to the Participants. 

        13.    Governing Law.    This Plan, the Participants' election to participate in the
Plan, the authorization card, if any, signed by the Participant (which is deemed a part of this Plan), and the Participant's account shall be governed by and construed in accordance with the laws of
the State of Maryland, provided that the foregoing choice of law shall not restrict the application of any state's securities laws to the sale of Shares to its residents or within such state. 

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        14.    Notice.    Any notice or other communication required or permitted to be given to
the Agent by any provision of this Plan shall be in writing addressed to DST Systems, Inc., Regular Mail: P.O. Box 219145, Kansas City, MO 64121-9145, Overnight Mail: 430 W.
7th Street, Suite 219145, Kansas City, MO 64105, or such other address as may be specified by the Agent by written notice to all Participants. Notices to a Participant may be given by
letter addressed to the Participant at the Participant's last address of record with the Agent. Each Participant shall notify the Agent promptly in writing of any changes of address. 

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Exhibit 4.1

CORPORATE PROPERTY ASSOCIATES 18 — GLOBAL INCORPORATED AMENDED AND RESTATED DISTRIBUTION REINVESTMENT PLANExhibit 10.1

 

 

BALTIC TRADING LIMITED

299 PARK AVENUE, 12TH FLOOR

NEW YORK, NY 10171

646-443-8550

 

April 30, 2015

 

Mr. John C. Wobensmith

Baltic Trading Limited

299 Park Avenue, 12th Floor

New York, NY 10171

 

Dear John:

 

The purpose of this letter is to confirm our understanding regarding that agreement between you and Baltic Trading Limited (the “Company”) dated December 19, 2013, as amended prior to the date hereof (the “Agreement”).  It is hereby agreed as follows:

 

1.  You hereby waive, and the Company also hereby waives, all rights under the Agreement, which waiver will not become effective until immediately prior to the consummation of the transactions (the “Closing”) contemplated by the Agreement and Plan of Merger, dated as of April 7, 2015, between the Company and Genco Shipping & Trading Limited.  Immediately prior to the Closing, the Agreement will be terminated and will be of no further force and effect.  If the Closing does not occur, then the Agreement will not be terminated and the waiver contained in the first sentence of this paragraph will be null and void.  Notwithstanding anything in this paragraph to the contrary, neither the waiver contained herein, nor the termination of the Agreement, will have any effect on any equity awards (such as restricted stock) granted to you prior to the date hereof, including under Sections 5(c) and 5(e) of the Agreement, and such equity awards will continue to be governed by the applicable award agreements and plan documents.

 

2.  This letter contains the entire understanding between the parties on the subjects covered here and supersedes all prior agreements, arrangements and understandings, whether written or oral, regarding the subjects covered here. This letter may not be changed, nor may any of their provisions be waived, orally, but may only be changed in writing signed by both parties.

 

3.  You agree and acknowledge that the parties hereto have been provided with the opportunity to consult with counsel regarding the provisions of this letter.

 

[Signature page follows.]

 

 

	
Very   truly yours,
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
BALTIC   TRADING LIMITED
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   John Wobensmith
    	
 
    	
 
    
	
 
    	
Name:   John Wobensmith
    	
 
    	
 
    
	
 
    	
Title:   President and Chief Financial Officer
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
ACCEPTED   AND AGREED TO:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/   John Wobensmith
    	
 
    	
 
    
	
 
    	
John   Wobensmith
    	
 
    	
 
    
	
 
    	
Date:   4/30/15

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