Document:

Registration Rights Agreement, dated May 17, 2010

 Exhibit 4.4 
 $285,000,000 
 AMERICAN PETROLEUM TANKERS PARENT LLC 

AP TANKERS CO. 
 10 
1/4% First Priority Senior Secured Notes Due 2015 
 REGISTRATION RIGHTS AGREEMENT 
 May 17, 2010 

CREDIT SUISSE SECURITIES (USA) LLC 
 UBS
SECURITIES LLC 
 As Representatives of the Several Purchasers, 
 c/o Credit Suisse Securities (USA) LLC, 
 Eleven Madison Avenue, 

New York, N.Y. 10010-3629 
 Dear Sirs:

 American Petroleum Tankers Parent LLC, a Delaware limited liability company (the
“Issuer”), and AP Tankers Co., a Delaware corporation, a wholly owned subsidiary of the Issuer (the “Co-Issuer” and, together with the Issuer, the “Issuers”) propose to issue and sell to Credit
Suisse Securities (USA) LLC and UBS Securities LLC (collectively, the “Initial Purchasers”), upon the terms set forth in a purchase agreement dated as of May 6, 2010 (the “Purchase Agreement”),
$285,000,000 aggregate principal amount of their 10 1/4% First Priority Senior Secured Notes Due 2015 (the “Initial Securities”) to be unconditionally guaranteed by American Petroleum Tankers Holding LLC (“Holding”) and each
of the subsidiaries of the Company listed on Schedule A hereto (collectively, the “Guarantors” and together with the Issuers, the “Company”). The Initial Securities will be issued pursuant to an Indenture, dated as
of May 6, 2010 (the “Indenture”), among the Issuers, the Guarantors and The Bank of New York Mellon Trust Company, N.A. (the “Trustee”). As an inducement to the Initial Purchasers, the Company agrees
with the Initial Purchasers, for the benefit of the holders of the Transfer Restricted Securities (as defined below) (including, without limitation, the Initial Purchasers), the Exchange Securities (as defined below) and the Private Exchange
Securities (as defined below) (collectively the “Holders”), as follows: 
 1. Registered Exchange
Offer. The Company shall, at its own cost, for the benefit of the Holders, use its reasonable best efforts to prepare and file with the Securities and Exchange Commission (the “Commission”) a registration statement (the
“Exchange Offer Registration Statement”) on an appropriate form under the Securities Act of 1933, as amended (the “Securities Act”), with respect to a proposed offer (the “Registered Exchange
Offer”) to the Holders of Transfer Restricted Securities (as defined in Section 6 hereof), who are not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer, to issue and deliver to such
Holders, in exchange for the Initial Securities, a like aggregate principal amount of debt securities (the “Exchange Securities”) of the Company issued under the Indenture and identical in all material respects to the Initial
Securities (except for the transfer restrictions relating to the Initial Securities and the provisions relating to the matters described in 

 
Section 6 hereof) that would be registered under the Securities Act. The Company shall keep the Exchange Offer Registration Statement effective for not less than 20 Business Days (or longer,
if required by applicable law) after the date notice of the Registered Exchange Offer is mailed to the Holders (such period being called the “Exchange Offer Registration Period”). 

If the Company effects the Registered Exchange Offer, the Company will be entitled to close the Registered Exchange Offer 20 Business
Days after the commencement thereof provided that the Company has accepted all the Initial Securities theretofore validly tendered in accordance with the terms of the Registered Exchange Offer. 

Following the declaration of the effectiveness of the Exchange Offer Registration Statement, the Company shall promptly commence the
Registered Exchange Offer, it being the objective of such Registered Exchange Offer to enable each Holder of Transfer Restricted Securities (as defined in Section 6 hereof) electing to exchange Initial Securities for Exchange Securities
(assuming that such Holder is not an affiliate of the Company within the meaning of the Securities Act, acquires the Exchange Securities in the ordinary course of such Holder’s business and has no arrangements with any person to participate in
the distribution of the Exchange Securities and is not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer) to trade such Exchange Securities from and after their receipt without any limitations or
restrictions under the Securities Act and without material restrictions under the securities laws of the several states of the United States. 
 The Company acknowledges that, pursuant to current interpretations by the Commission’s staff of Section 5 of the Securities Act, in the absence of an applicable exemption therefrom,
(i) each Holder which is a broker-dealer electing to exchange Initial Securities, acquired for its own account as a result of market making activities or other trading activities, for Exchange Securities (an “Exchanging
Dealer”), is required to deliver a prospectus containing the information set forth in (a) Annex A hereto on the cover, (b) Annex B hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange
Offer” section, and (c) Annex C hereto in the “Plan of Distribution” section of such prospectus in connection with a sale of any such Exchange Securities received by such Exchanging Dealer pursuant to the Registered Exchange
Offer and (ii) an Initial Purchaser that elects to sell Exchange Securities acquired in exchange for Initial Securities constituting any portion of an unsold allotment is required to deliver a prospectus containing the information required by
Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in connection with such sale. 
 The Company shall
use its reasonable best efforts to keep the Exchange Offer Registration Statement effective and to amend and supplement the prospectus contained therein, in order to permit such prospectus to be lawfully delivered by all persons subject to the
prospectus delivery requirements of the Securities Act for such period of time as such persons must comply with such requirements in order to resell the Exchange Securities; provided, however, that (i) in the case where such prospectus and any
amendment or supplement thereto must be delivered by an Exchanging Dealer or an Initial Purchaser, such period shall be the lesser of 180 days and the date on which all Exchanging Dealers and the Initial Purchasers have sold all Exchange Securities
held by them (unless such period is extended pursuant to Section 3(j) below) and (ii) the Company shall make such prospectus and any amendment or supplement thereto, available to any broker-dealer for use in connection with any resale of
any Exchange Securities for a period of not less than 90 days after the consummation of the Registered Exchange Offer. 

  
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 If, upon consummation of the Registered Exchange Offer, any Initial Purchaser holds Initial
Securities acquired by it as part of its initial distribution, the Company, simultaneously with the delivery of the Exchange Securities pursuant to the Registered Exchange Offer, shall issue and deliver to such Initial Purchaser upon the written
request of such Initial Purchaser, in exchange (the “Private Exchange”) for the Initial Securities held by such Initial Purchaser, a like principal amount of debt securities of the Company issued under the Indenture and identical in
all material respects (including the existence of restrictions on transfer under the Securities Act and the securities laws of the several states of the United States, but excluding provisions relating to the matters described in Section 6
hereof) to the Initial Securities (the “Private Exchange Securities”). The Initial Securities, the Exchange Securities and the Private Exchange Securities are herein collectively called the “Securities.”

 In connection with the Registered Exchange Offer, the Company shall: 

(a) mail to each Holder a copy of the prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate
letter of transmittal and related documents; 
 (b) keep the Registered Exchange Offer open for not less than 20 Business Days
(or longer, if required by applicable law) after the date notice thereof is mailed to the Holders; 
 (c) utilize the services
of a depositary for the Registered Exchange Offer with an address in the Borough of Manhattan, The City of New York, which may be the Trustee or an affiliate of the Trustee; 
 (d) permit Holders to withdraw tendered Securities at any time prior to the close of business, New York time, on the last Business Day on which the Registered Exchange Offer shall remain open; and

 (e) otherwise comply with all applicable laws. 
 As soon as practicable after the close of the Registered Exchange Offer or the Private Exchange, as the case may be, the Company shall: 

(x) accept for exchange all the Initial Securities validly tendered and not withdrawn pursuant to the Registered Exchange
Offer and the Private Exchange; 
 (y) deliver to the Trustee for cancellation all the Initial Securities so
accepted for exchange; and 
 (z) cause the Trustee to authenticate and deliver promptly to each Holder of the
Initial Securities, Exchange Securities or Private Exchange Securities, as the case may be, equal in principal amount to the Initial Securities of such Holder so accepted for exchange. 

  
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 The Indenture will provide that the Exchange Securities will not be subject to the transfer
restrictions set forth in the Indenture and that all the Securities will vote and consent together on all matters as one class and that none of the Securities will have the right to vote or consent as a class separate from one another on any matter.

 Interest on each Exchange Security and Private Exchange Security issued pursuant to the Registered Exchange Offer and in the
Private Exchange will accrue from the last interest payment date on which interest was paid on the Initial Securities surrendered in exchange therefor or, if no interest has been paid on the Initial Securities, from the date of original issue of the
Initial Securities. 
 Each Holder participating in the Registered Exchange Offer shall be required to represent to the Company
that at the time of the consummation of the Registered Exchange Offer (i) any Exchange Securities received by such Holder will be acquired in the ordinary course of business, (ii) such Holder will have no arrangements or understanding with
any person to participate in the distribution of the Securities or the Exchange Securities within the meaning of the Securities Act, (iii) such Holder is not an “affiliate,” as defined in Rule 405 of the Securities Act, of the Company
or if it is an affiliate, such Holder will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (iv) if such Holder is not a broker-dealer, that it is not engaged in, and does not
intend to engage in, the distribution of the Exchange Securities and (v) if such Holder is a broker-dealer, that it will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a result of
market-making activities or other trading activities and that it will be required to acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. 

Notwithstanding any other provisions hereof, the Company will ensure that (i) any Exchange Offer Registration Statement and any
amendment thereto and any prospectus forming part thereof and any supplement thereto complies in all material respects with the Securities Act and the rules and regulations thereunder, (ii) any Exchange Offer Registration Statement and any
amendment thereto does not, when it becomes effective, 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 not misleading and (iii) any
prospectus forming part of any Exchange Offer Registration Statement, and any supplement to such prospectus, does not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
 2. Shelf
Registration. If, (i) because of any change in law or in applicable interpretations thereof by the staff of the Commission, the Company is not permitted to effect a Registered Exchange Offer and would otherwise be required to effect a
Registered Exchange Offer pursuant to Section 1 hereof, (ii) the Registered Exchange Offer is not consummated within 360 days after the date of original issue of the Initial Securities (the “Issue Date”), (iii) any
Initial Purchaser so requests in writing with respect to the Initial Securities (or the Private Exchange Securities) not eligible to be exchanged for Exchange Securities in the Registered Exchange Offer and held by it following consummation of the
Registered Exchange Offer or (iv) any Holder (other than an Exchanging Dealer) is not eligible to participate in the Registered Exchange Offer or, in the 

  
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case of any Holder (other than an Exchanging Dealer) that participates in the Registered Exchange Offer, such Holder does not receive freely tradeable Exchange Securities on the date of the
exchange, the Company shall take the following actions: 
 (a) The Company shall, at its cost, as promptly as practicable file
with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective (unless it becomes effective automatically upon filing) within 180 days after so required or requested pursuant to this Section 2, a
registration statement (the “Shelf Registration Statement” and, together with the Exchange Offer Registration Statement, a “Registration Statement”) on an appropriate form under the Securities Act relating to the
offer and sale of the Transfer Restricted Securities (as defined in Section 6 hereof) by the Holders thereof from time to time in accordance with the methods of distribution set forth in the Shelf Registration Statement and Rule 415 under the
Securities Act (hereinafter, the “Shelf Registration”); provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such
Holder agrees in writing to be bound by all the provisions of this agreement applicable to such Holder. 
 (b) The Company shall
use its reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the prospectus included therein to be lawfully delivered by the Holders of the relevant Securities until (i) the first
anniversary of the effective date of the Shelf Registration Statement, (ii) the date all the Securities covered by the Shelf Registration Statement have been sold pursuant thereto or (iii) the date upon which all Securities covered by the
Shelf Registration Statement are no longer restricted securities (as defined in Rule 144 under the Securities Act, or any successor rule thereof). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf
Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Securities covered thereby not being able to offer and sell such Securities during that period, unless such action is
required by applicable law. 
 (c) Notwithstanding any other provisions of this agreement to the contrary, the Company shall
cause the Shelf Registration Statement and the related prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement, amendment or supplement, (i) to comply in all material respects with the
applicable requirements of the Securities Act and the rules and regulations of the Commission and (ii) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order
to make the statements therein, in light of the circumstances under which they were made, not misleading. 
 3. Registration
Procedures. In connection with any Shelf Registration contemplated by Section 2 hereof and, to the extent applicable, any Registered Exchange Offer contemplated by Section 1 hereof, the following provisions shall apply: 

(a) The Company shall (i) furnish to each Initial Purchaser, prior to the filing thereof with the Commission, a copy of the
Registration Statement and each amendment thereof and each supplement, if any, to the prospectus included therein and, in the event that an Initial Purchaser (with respect to any portion of an unsold allotment from the original offering) is
participating in the Registered Exchange Offer or the Shelf Registration Statement, the Company 

  
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shall use its reasonable best efforts to reflect in each such document, when so filed with the Commission, such comments as such Initial Purchaser reasonably may propose; (ii) include the
information set forth in Annex A hereto on the cover, in Annex B hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange Offer” section and in Annex C hereto in the “Plan of Distribution”
section of the prospectus forming a part of the Exchange Offer Registration Statement and include the information set forth in Annex D hereto in the Letter of Transmittal delivered pursuant to the Registered Exchange Offer; (iii) if requested
by an Initial Purchaser, include the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in the prospectus forming a part of the Exchange Offer Registration Statement; (iv) include within the
prospectus contained in the Exchange Offer Registration Statement a section entitled “Plan of Distribution,” reasonably acceptable to the Initial Purchasers, which shall contain a summary statement of the positions taken or policies made
by the staff of the Commission with respect to the potential “underwriter” status of any broker-dealer that is the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) of Exchange Securities received by such broker-dealer in the Registered Exchange Offer (a “Participating Broker-Dealer”), whether such positions or policies have been publicly disseminated by the staff of the
Commission or such positions or policies, in the reasonable judgment of the Initial Purchasers based upon advice of counsel (which may be in-house counsel), represent the prevailing views of the staff of the Commission; and (v) in the case of a
Shelf Registration Statement, include in the prospectus included in the Shelf Registration Statement (or, if permitted by Commission Rule 430B(b), in a prospectus supplement that becomes a part thereof pursuant to Commission Rule 430B(f)) that is
delivered to any Holder pursuant to Section 3(d) and (f), the names of the Holders, who propose to sell Securities pursuant to the Shelf Registration Statement, as selling securityholders. 

(b) The Company shall give written notice to the Initial Purchasers, the Holders of the Securities and any Participating Broker-Dealer
from whom the Company has received prior written notice that it will be a Participating Broker-Dealer in the Registered Exchange Offer (which notice pursuant to clauses (ii)-(v) hereof shall be accompanied by an instruction to suspend the use
of the prospectus until the requisite changes have been made): 
 (i) when the Registration Statement or any
amendment thereto has been filed with the Commission and when the Registration Statement or any post-effective amendment thereto has become effective; 
 (ii) of any request by the Commission for amendments or supplements to the Registration Statement or the prospectus included therein or for additional information; 

(iii) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or
the initiation of any proceedings for that purpose, of the issuance by the Commission of a notification of objection to the use of the form on which the Registration Statement has been filed, and of the happening of any event that causes the Company
to become an “ineligible issuer,” as defined in Commission Rule 405; 
 (iv) of the receipt by the
Company or its legal counsel of any notification with respect to the suspension of the qualification of the Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and 

  
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 (v) of the happening of any event that requires the Company to make changes
in the Registration Statement or the prospectus in order that the Registration Statement or the prospectus do not contain an untrue statement of a material fact nor omit to state a material fact required to be stated therein or necessary to make the
statements therein (in the case of the prospectus, in light of the circumstances under which they were made) not misleading. 

(c) The Company shall make every reasonable effort to obtain the withdrawal at the earliest possible time, of any order suspending the
effectiveness of the Registration Statement. 
 (d) The Company shall furnish to each Holder of Securities included within the
coverage of the Shelf Registration, without charge, at least one copy of the Shelf Registration Statement and any post-effective amendment or supplement thereto, including financial statements and schedules, and, if the Holder so requests in
writing, all exhibits thereto (including those, if any, incorporated by reference). The Company shall not, without the prior consent of the Initial Purchasers, make any offer relating to the Securities that would constitute a “free writing
prospectus,” as defined in Commission Rule 405. 
 (e) The Company shall deliver to each Exchanging Dealer and each Initial
Purchaser, and to any other Holder who so requests, without charge, at least one copy of the Exchange Offer Registration Statement and any post-effective amendment thereto, including financial statements and schedules, and, if any Initial Purchaser
or any such Holder requests, all exhibits thereto (including those incorporated by reference). 
 (f) The Company shall, during
the Shelf Registration Period, deliver to each Holder of Securities included within the coverage of the Shelf Registration, without charge, as many copies of the prospectus (including each preliminary prospectus) included in the Shelf Registration
Statement and any amendment or supplement thereto as such person may reasonably request. The Company consents, subject to the provisions of this agreement, to the use of the prospectus or any amendment or supplement thereto by each of the selling
Holders of the Securities in connection with the offering and sale of the Securities covered by the prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement. 

(g) The Company shall deliver to each Initial Purchaser, any Exchanging Dealer, any Participating Broker-Dealer and such other persons
required to deliver a prospectus following the Registered Exchange Offer, without charge, as many copies of the final prospectus included in the Exchange Offer Registration Statement and any amendment or supplement thereto as such persons may
reasonably request. The Company consents, subject to the provisions of this agreement, to the use of the prospectus or any amendment or supplement thereto by any Initial Purchaser, if necessary, any Participating Broker-Dealer and such other persons
required to deliver a prospectus following the Registered Exchange Offer in connection with the offering and sale of the Exchange Securities covered by the prospectus, or any amendment or supplement thereto, included in such Exchange Offer
Registration Statement. 
 (h) Prior to any public offering of the Securities, pursuant to any Registration Statement, the
Company shall register or qualify or cooperate with the Holders of the Securities included therein and their respective counsel in connection with the registration or qualification 

  
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of the Securities for offer and sale under the securities or “blue sky” laws of such states of the United States as any Holder of the Securities reasonably requests in writing and do
any and all other acts or things necessary or advisable to enable the offer and sale in such jurisdictions of the Securities covered by such Registration Statement; provided, however, that the Company shall not be required to (i) qualify
generally to do business in any jurisdiction where it is not then so qualified or (ii) take any action which would subject it to general service of process or to taxation in any jurisdiction where it is not then so subject. 

(i) The Company shall cooperate with the Holders of the Securities to facilitate the timely preparation and delivery of certificates
representing the Securities to be sold pursuant to any Registration Statement free of any restrictive legends and in such denominations and registered in such names as the Holders may request a reasonable period of time prior to sales of the
Securities pursuant to such Registration Statement. 
 (j) Upon the occurrence of any event contemplated by paragraphs
(ii) through (v) of Section 3(b) above during the period for which the Company is required to maintain an effective Registration Statement, the Company shall promptly prepare and file a post-effective amendment to the Registration
Statement or a supplement to the related prospectus and any other required document so that, as thereafter delivered to Holders of the Securities or purchasers of Securities, the prospectus will not contain an 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. If the Company notifies the Initial Purchasers, the Holders of the
Securities and any known Participating Broker-Dealer in accordance with paragraphs (ii) through (v) of Section 3(b) above to suspend the use of the prospectus until the requisite changes to the prospectus have been made, then the
Initial Purchasers, the Holders of the Securities and any such Participating Broker-Dealers shall suspend use of such prospectus, and the period of effectiveness of the Shelf Registration Statement provided for in Section 2(b) above and the
Exchange Offer Registration Statement provided for in Section 1 above shall each be extended by the number of days from and including the date of the giving of such notice to and including the date when the Initial Purchasers, the Holders of
the Securities and any known Participating Broker-Dealer shall have received such amended or supplemented prospectus pursuant to this Section 3(j). During the period during which the Company is required to maintain an effective Shelf
Registration Statement pursuant to this agreement, the Company will prior to the three-year expiration of that Shelf Registration Statement, to the extent applicable, file, and use its reasonable best efforts to cause to be declared effective
(unless it becomes effective automatically upon filing) within a period that avoids any interruption in the ability of Holders of Securities covered by the expiring Shelf Registration Statement to make registered dispositions, a new registration
statement relating to the Securities, which shall be deemed the “Shelf Registration Statement” for purposes of this agreement. 
 (k) Not later than the effective date of the applicable Registration Statement, the Company will provide a CUSIP number for the Initial Securities, the Exchange Securities or the Private Exchange
Securities, as the case may be, and provide the applicable trustee with printed certificates for the Initial Securities, the Exchange Securities or the Private Exchange Securities, as the case may be, and provide the applicable trustee with printed
certificates for the Initial Securities, the Exchange Securities or the Private Exchange Securities, as the case may be, in a form eligible for deposit with The Depository Trust Company. 

  
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 (l) The Company will comply with all rules and regulations of the Commission to the extent
and so long as they are applicable to the Registered Exchange Offer or the Shelf Registration and will make generally available to its security holders (or otherwise provide in accordance with Section 11(a) of the Securities Act) an earnings
statement satisfying the provisions of Section 11(a) of the Securities Act, no later than 45 days after the end of a 12-month period (or 90 days, if such period is a fiscal year) beginning with the first month of the Company’s first fiscal
quarter commencing after the effective date of the Registration Statement, which statement shall cover such 12-month period. 

(m) The Company shall cause the Indenture to be qualified under the Trust Indenture Act of 1939, as amended, in a timely manner and
containing such changes, if any, as shall be necessary for such qualification. In the event that such qualification would require the appointment of a new trustee under the Indenture, the Company shall appoint a new trustee thereunder pursuant to
the applicable provisions of the Indenture. 
 (n) The Company may require each Holder of Securities to be sold pursuant to the
Shelf Registration Statement to furnish to the Company such information regarding such Holder and the distribution of the Securities as the Company may from time to time reasonably require for inclusion in the Shelf Registration Statement, and the
Company may exclude from such registration the Securities of any Holder that unreasonably fails to furnish such information within a reasonable time after receiving such request. 

(o) The Company shall enter into such customary agreements (including, if requested, an underwriting agreement in customary form) and
take all such other action, if any, as any Holder of the Securities shall reasonably request in order to facilitate the disposition of the Securities pursuant to any Shelf Registration. The Company is not obligated to affect an underwriting offering
under this Agreement. 
 (p) In the case of any Shelf Registration, the Company shall (i) make reasonably available for
inspection by the Holders of the Securities, any underwriter participating in any disposition pursuant to the Shelf Registration Statement and any attorney, accountant or other agent retained by the Holders of the Securities or any such underwriter
all relevant financial and other records, pertinent corporate documents and properties of the Company and (ii) cause the Company’s officers, directors, employees, accountants and auditors to supply all relevant information reasonably
requested by the Holders of the Securities or any such underwriter, attorney, accountant or agent in connection with the Shelf Registration Statement, in each case, as shall be reasonably necessary to enable such persons, to conduct a reasonable
investigation within the meaning of Section 11 of the Securities Act; provided, however, that the foregoing inspection and information gathering shall be coordinated on behalf of the Initial Purchasers by you and on behalf of the other parties,
by one counsel designated by and on behalf of such other parties as described in Section 4 hereof. 
 (q) In the case of
any Shelf Registration, the Company, if requested by any Holder of Securities covered thereby, shall cause (i) its counsel to deliver an opinion and updates thereof relating to the Securities in customary form addressed to such Holders and the
Managing Underwriters (as defined below), if any, thereof and dated, in the case of the initial opinion, the effective date of such Shelf Registration Statement (it being agreed that the matters

  
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to be covered by such opinion shall include, without limitation, the due incorporation and good standing of the Company and its subsidiaries; the qualification of the Company and its subsidiaries
to transact business as foreign corporations; the due authorization, execution and delivery of the relevant agreement of the type referred to in Section 3(o) hereof; the due authorization, execution, authentication and issuance, and the
validity and enforceability, of the applicable Securities; the absence of material legal or governmental proceedings involving the Company and its subsidiaries; the absence of governmental approvals required to be obtained in connection with the
Shelf Registration Statement, the offering and sale of the applicable Securities, or any agreement of the type referred to in Section 3(o) hereof; the compliance as to form of such Shelf Registration Statement and any documents incorporated by
reference therein and of the Indenture with the requirements of the Securities Act and the Trust Indenture Act, respectively; and (A) as of the date of the opinion and as of the effective date of the Shelf Registration Statement or most recent
post-effective amendment thereto, as the case may be, the absence from such Shelf Registration Statement and the prospectus included therein, as then amended or supplemented, and from any documents incorporated by reference therein and (B) as
of an applicable time identified by such Holders or Managing Underwriters, the absence from such prospectus taken together with any other documents identified by such Holders or Managing Underwriters, in the case of (A) and (B), of an untrue
statement of a material fact or the omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any such incorporated documents, in the light of the circumstances
existing at the time that such documents were filed with the Commission under the Exchange Act); (ii) its officers to execute and deliver all customary documents and certificates and updates thereof requested by any underwriters of the
applicable Securities and (iii) its independent public accountants to provide to the selling Holders of the applicable Securities and any underwriter therefor a comfort letter in customary form and covering matters of the type customarily
covered in comfort letters in connection with primary underwritten offerings, subject to receipt of appropriate documentation as contemplated, and only if permitted, by Statement of Auditing Standards No. 72. 

(r) In the case of the Registered Exchange Offer, the Company hereby agrees with each Holder that, to the extent it consents to an
underwritten offering hereunder, it will negotiate in good faith and execute all indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting agreements, including all commercially reasonable
efforts to procure customary legal opinions and auditor “comfort” letters. 
 (s) If a Registered Exchange Offer or a
Private Exchange is to be consummated, upon delivery of the Initial Securities by Holders to the Company (or to such other person as directed by the Company) in exchange for the Exchange Securities or the Private Exchange Securities, as the case may
be, the Company shall mark, or cause to be marked, on the Initial Securities so exchanged that such Initial Securities are being canceled in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be; in no event
shall the Initial Securities be marked as paid or otherwise satisfied. 
 (t) In the event that any broker-dealer registered
under the Exchange Act shall underwrite any Securities or participate as a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning of the Conduct Rules (the “Rules”) of the
Financial Industry Regulatory Authority, Inc.) thereof, whether as a Holder of such Securities or as 

  
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an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise, the Company will assist such broker-dealer in complying with the requirements of such Rules,
including, without limitation, by (i) if such Rules, including Rule 2720, shall so require, engaging a “qualified independent underwriter” (as defined in Rule 2720) to participate in the preparation of the Registration Statement
relating to such Securities, to exercise usual standards of due diligence in respect thereto and, if any portion of the offering contemplated by such Registration Statement is an underwritten offering or is made through a placement or sales agent,
to recommend the yield of such Securities, (ii) indemnifying any such qualified independent underwriter to the extent of the indemnification of underwriters provided in Section 5 hereof and (iii) providing such information to such
broker-dealer as may be required in order for such broker-dealer to comply with the requirements of the Rules. 
 (u) The
Company shall use its reasonable best efforts to take all other steps necessary to effect the registration of the Securities covered by a Registration Statement contemplated hereby. 

4. Registration Expenses. The Company shall bear all fees and expenses incurred in connection with the performance of its
obligations under Sections 1 through 3 hereof (including the reasonable fees and expenses, if any, of one special counsel for the Initial Purchasers, incurred in connection with the Registered Exchange Offer), whether or not the Registered Exchange
Offer or a Shelf Registration is filed or becomes effective, and, in the event of a Shelf Registration, shall bear or reimburse the Holders of the Securities covered thereby for the reasonable fees and disbursements of one firm of counsel designated
by the Holders of a majority in principal amount of the Initial Securities covered thereby to act as counsel for the Holders of the Initial Securities in connection therewith. 
 5. Indemnification. 
 (a) The Company agrees to indemnify and hold harmless
each Holder of the Securities, any Participating Broker-Dealer and each person, if any, who controls such Holder or such Participating Broker-Dealer within the meaning of the Securities Act or the Exchange Act (each Holder, any Participating
Broker-Dealer and such controlling persons are referred to collectively as the “Indemnified Parties”) from and against any losses, claims, damages or liabilities, joint or several, or any actions in respect thereof (including, but
not limited to, any losses, claims, damages, liabilities or actions relating to purchases and sales of the Securities) to which each Indemnified Party may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such
losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or in
any preliminary prospectus or “issuer free writing prospectus,” as defined in Commission Rule 433 (“Issuer FWP”), relating to a Registration Statement, or arise out of, or are based upon, the omission or alleged omission
to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and shall reimburse, as incurred, the Indemnified Parties for any legal or other expenses reasonably incurred by them in
connection with investigating or defending any such loss, claim, damage, liability or action in respect thereof; provided, however, that (i) the Company shall not be liable in any such case to the extent that such loss, claim, damage or
liability arises out of or is based upon any untrue statement or alleged untrue statement 

  
 11 

 
or omission or alleged omission made in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or Issuer FWP relating to a Registration
Statement in reliance upon and in conformity with written information pertaining to such Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein and (ii) with respect to any untrue statement or
omission or alleged untrue statement or omission made in any preliminary prospectus relating to a Shelf Registration Statement, the indemnity agreement contained in this subsection (a) shall not inure to the benefit of any Holder or
Participating Broker-Dealer from whom the person asserting any such losses, claims, damages or liabilities purchased the Securities concerned, to the extent that a prospectus relating to such Securities was required to be delivered (including
through satisfaction of the conditions of Commission Rule 172) by such Holder or Participating Broker-Dealer under the Securities Act in connection with such purchase and any such loss, claim, damage or liability of such Holder or Participating
Broker-Dealer results from the fact that there was not conveyed to such person, at or prior to the time of the sale of such Securities to such person, an amended or supplemented prospectus or, if permitted by Section 3(d), an Issuer FWP
correcting such untrue statement or omission or alleged untrue statement or omission if the Company had previously furnished copies thereof to such Holder or Participating Broker-Dealer; provided further, however, that this indemnity agreement will
be in addition to any liability which the Company may otherwise have to such Indemnified Party. The Company shall also indemnify any underwriters of the applicable Securities, their officers and directors and each person who controls such
underwriters within the meaning of the Securities Act or the Exchange Act to the same extent as provided above with respect to the indemnification of the Holders of the Securities if requested by such Holders. 

(b) Each Holder of the Securities, severally and not jointly, will indemnify and hold harmless the Company and each person, if any, who
controls the Company within the meaning of the Securities Act or the Exchange Act from and against any losses, claims, damages or liabilities or any actions in respect thereof, to which the Company or any such controlling person may become subject
under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration
Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or Issuer FWP relating to a Shelf Registration, or arise out of or are based upon the omission or alleged omission to state therein a material fact
necessary to make the statements therein not misleading, but in each case only to the extent that the untrue statement or omission or alleged untrue statement or omission was made in reliance upon and in conformity with written information
pertaining to such Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein; and, subject to the limitation set forth immediately preceding this clause, shall reimburse, as incurred, the Company for any
legal or other expenses reasonably incurred by the Company or any such controlling person in connection with investigating or defending any loss, claim, damage, liability or action in respect thereof. This indemnity agreement will be in addition to
any liability which such Holder may otherwise have to the Company or any of its controlling persons. 
 (c) Promptly after
receipt by an indemnified party under this Section 5 of notice of the commencement of any action or proceeding (including a governmental investigation), such indemnified party will, if a claim in respect thereof is to be made against the
indemnifying party under this Section 5, notify the indemnifying party of the commencement 

  
 12 

 
thereof; but the failure to notify the indemnifying party shall not relieve the indemnifying party from any liability that it may have under subsection (a) or (b) above except to the
extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided further that the failure to notify the indemnifying party shall not relieve it from any liability that it may have
to an indemnified party otherwise than under subsection (a) or (b) above. In case any such action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be
entitled to participate therein and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except
with the consent of the indemnified party not to be unreasonably withheld, be counsel to the indemnifying party), and after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof the
indemnifying party will not be liable to such indemnified party under this Section 5 for any legal or other expenses, other than reasonable costs of investigation, subsequently incurred by such indemnified party in connection with the defense
thereof. In any such action, any indemnified party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such indemnified party unless (i) the indemnifying party and the indemnified
party shall have mutually agreed to the contrary; (ii) the indemnifying party has failed within a reasonable time to retain counsel reasonably satisfactory to the indemnified party; or (iii) the indemnified party shall have reasonably
concluded that there may be legal defenses available to it that are different from or in addition to those available to the indemnifying party. It is understood and agreed that the indemnifying party shall not, in connection with any proceeding or
related proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all indemnified parties, and that all such fees and expenses shall be reimbursed as they are
incurred. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened action in respect of which any indemnified party is or could have been a party and indemnity could
have been sought hereunder by such indemnified party unless such settlement (i) includes an unconditional release of such indemnified party from all liability on any claims that are the subject matter of such action, and (ii) does not
include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party. The indemnifying party shall not be required to indemnify the indemnified party for any amount paid or payable by the
indemnified party in the settlement of compromise of, or entry into any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder without the written consent of
the indemnifying party, which consent shall not be unreasonably withheld. 
 (d) If the indemnification provided for in this
Section 5 is unavailable or insufficient to hold harmless an indemnified party under subsections (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of
the losses, claims, damages or liabilities (or actions in respect thereof) referred to in subsection (a) or (b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party or
parties on the one hand and the indemnified party on the other from the exchange of the Securities, pursuant to the Registered Exchange Offer, or (ii) if the allocation provided by the foregoing clause (i) is not permitted by applicable
law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on

  
 13 

 
the other in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities (or actions in respect thereof) as well as any other relevant equitable
considerations. The relative fault of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to
information supplied by the Company on the one hand or such Holder or such other indemnified party, as the case may be, on the other, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such
statement or omission. The amount paid by an indemnified party as a result of the losses, claims, damages or liabilities referred to in the first sentence of this subsection (d) shall be deemed to include any legal or other expenses reasonably
incurred by such indemnified party in connection with investigating or defending any action or claim which is the subject of this subsection (d). Notwithstanding any other provision of this Section 5(d), each Holder of Securities shall not be
required to contribute any amount in excess of the amount by which the net proceeds received by such Holder from the sale of the Securities pursuant to a Registration Statement exceeds the amount of damages which 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. For purposes of this paragraph (d), each person, if any, who controls such indemnified party within the meaning of the Securities Act or the Exchange Act shall have the same
rights to contribution as such indemnified party and each person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as the Company. 

(e) The agreements contained in this Section 5 shall survive the sale of the Securities pursuant to a Registration Statement and
shall remain in full force and effect, regardless of any termination or cancellation of this agreement or any investigation made by or on behalf of any indemnified party. 
 6. Additional Interest Under Certain Circumstances. (a) Additional interest (the “Additional Interest”) with respect to the Initial Securities shall be assessed as follows if
any of the following events occur (each such event in clauses (i) through (iii) below a “Registration Default:” 
 (i) If an Exchange Offer Registration Statement is required to be filed with the Commission pursuant to Section 1 hereof and the Exchange Offer is not completed on or prior to the 360th day following
the Issue Date; 
 (ii) If a Shelf Registration Statement is required to be filed with the Commission pursuant to
Section 2 hereof, but does not become effective on or prior to the 180th day following any of the events described in Section 2; or 
 (iii) If after either an Exchange Offer Registration Statement or a Shelf Registration Statement is declared (or becomes automatically) effective (A) such Registration Statement thereafter ceases to
be effective; or (B) such Registration Statement or the related prospectus ceases to be usable (except as permitted in paragraph (b)) in connection with resales of Securities during the periods specified herein because either (1) any event
occurs as a result of 

  
 14 

 
which the related prospectus forming part of such Registration Statement would include any untrue statement of a material fact or omit to state any material fact necessary to make the statements
therein in the light of the circumstances under which they were made not misleading, (2) it shall be necessary to amend such Registration Statement or supplement the related prospectus, to comply with the Securities Act or the Exchange Act or
the respective rules thereunder, or (3) such Registration Statement is a Shelf Registration Statement that has expired before a replacement Shelf Registration Statement has become effective. 

Additional Interest shall accrue on the Initial Securities over and above the interest set forth in the title of the Securities from and including the
date on which any such Registration Default shall occur to but excluding the date on which all such Registration Defaults have been cured, at a rate of 0.25% per annum (which rate will be increased by an additional 0.25% per annum for each
subsequent 90-day period that such additional interest continues to accrue; provided, that the rate at which such additional interest accrues may in no event exceed 1.00% per annum). For the avoidance of doubt Additional Interest should only
accrue on Transfer Restricted Securities. 
 (b) A Registration Default referred to in Section 6(a)(iii)(B) hereof shall be
deemed not to have occurred and be continuing in relation to a Shelf Registration Statement or the related prospectus if (i) such Registration Default has occurred solely as a result of (x) the filing of a post-effective amendment to such
Shelf Registration Statement to incorporate annual audited financial information with respect to the Company where such post-effective amendment is not yet effective and needs to be declared effective to permit Holders to use the related prospectus
or (y) other material events, with respect to the Company that would need to be described in such Shelf Registration Statement or the related prospectus and (ii) in the case of clause (y), the Company is proceeding promptly and in good
faith to amend or supplement such Shelf Registration Statement and related prospectus to describe such events; provided, however, that in any case if such Registration Default occurs for a continuous period in excess of 60 days, Additional Interest
shall be payable in accordance with the above paragraph from the day such Registration Default occurs until such Registration Default is cured. 
 (c) Any amounts of Additional Interest due pursuant to clause (i), (ii) or (iii) of Section 6(a) above will be payable in cash on the regular interest payment dates with respect to the
Initial Securities. The amount of Additional Interest will be determined by multiplying the applicable Additional Interest rate by the principal amount of the Initial Securities, multiplied by a fraction, the numerator of which is the number of days
such Additional Interest rate was applicable during such period (determined on the basis of a 360-day year comprised of twelve 30-day months), and the denominator of which is 360. 

(d) “Transfer Restricted Securities” means each Security until (i) the date on which such Transfer Restricted
Security has been exchanged by a person other than a broker-dealer for a freely transferable Exchange Security in the Registered Exchange Offer, (ii) following the exchange by a broker-dealer in the Registered Exchange Offer of a Initial
Security for an Exchange Security, the date on which such Exchange Security is sold to a purchaser who receives from such broker-dealer on or prior to the date of such sale a copy of the prospectus contained in the Exchange Offer Registration
Statement, (iii) the date on which such Initial Security has been effectively registered under the Securities Act and disposed of in accordance with the Shelf Registration Statement or (iv) the earliest date that is no less than two years
after the Issue Date and on which such Security (except for Securities held by an affiliate of the Company) may be resold in reliance on paragraph (b)(1) of Rule 144 under the Securities Act. 

  
 15 

 7. Rules 144 and 144A. The Company shall use its reasonable best efforts to file the
reports required to be filed by it under the Securities Act and the Exchange Act in a timely manner and, if at any time after a Registered Exchange Offer the Company is not required to file such reports, it will, upon the request of any Holder of
Initial Securities, make publicly available other information so long as necessary to permit sales of their securities pursuant to Rules 144 and 144A. The Company covenants that it will take such further action as any Holder of Initial Securities
may reasonably request, all to the extent required from time to time to enable such Holder to sell Initial Securities without registration under the Securities Act within the limitation of the exemptions provided by Rules 144 and 144A (including the
requirements of Rule 144A(d)(4)). The Company will provide a copy of this agreement to prospective purchasers of Initial Securities identified to the Company by the Initial Purchasers upon request. Upon the reasonable request of any Holder of
Initial Securities, the Company shall deliver to such Holder a written statement as to whether it has complied with such requirements. Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company to register
any of its securities pursuant to the Exchange Act. 
 8. Underwritten Registrations. If any of the Transfer Restricted
Securities covered by any Shelf Registration are to be sold in an underwritten offering, the investment banker or investment bankers and manager or managers that will administer the offering (the “Managing Underwriters”) will be
selected by the Holders of a majority in aggregate principal amount of such Transfer Restricted Securities to be included in such offering. 
 No person may participate in any underwritten registration hereunder unless such person (i) agrees to sell such person’s Transfer Restricted Securities on the basis reasonably provided in any
underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably
required under the terms of such underwriting arrangements. 
 9. Miscellaneous. 

(a) Amendments and Waivers. The provisions of this agreement may not be amended, modified or supplemented, and waivers or consents
to departures from the provisions hereof may not be given, except by the Company and the written consent of the Holders of a majority in principal amount of the Securities affected by such amendment, modification, supplement, waiver or consents.

 (b) Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand
delivery, first-class mail, facsimile transmission, or air courier which guarantees overnight delivery: 
 (1) if
to a Holder of the Securities, at the most current address given by such Holder to the Company. 

  
 16 

 (2) if to the Initial Purchasers; 

 

	 	  	Credit Suisse Securities (USA) LLC 

	 	  	Eleven Madison Avenue 

	 	  	New York, NY 10010-3629 

	 	  	Fax No.: (212) 325-4296 

	 	  	Attention: Transactions Advisory Group 

 with a copy to: 
  

	 	  	Cahill Gordon & Reindel LLP 

	 	  	80 Pine Street 

	 	  	New York, NY 10005 

	 	  	Fax No.: (212) 269-5420 

	 	  	Attention: William Miller 

 (3) if to the Company, at its address as follows: 
  

	 	  	American Petroleum Tankers Parent LLC 

	 	  	345 Park Avenue, 29th Floor 

	 	  	New York, New York 10154 

	 	  	c/o The Blackstone Group L.P. 

	 	  	Fax No.: (215) 646-4391 

	 	  	Attention: Robert Kurz 

 with a
copy to: 
  

	 	  	Schulte Roth & Zabel LLP 

	 	  	919 Third Avenue 

	 	  	New York, NY 10022 

	 	  	Fax No.: (212) 593-5955 

	 	  	Attention: Michael R. Littenberg 

All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered;
three Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged by recipient’s facsimile machine operator, if sent by facsimile transmission; and on the day delivered, if sent by overnight air
courier guaranteeing next day delivery. 
 (c) No Inconsistent Agreements. The Company has not, as of the date hereof,
entered into, nor shall it, on or after the date hereof, enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or otherwise conflicts with the provisions hereof. 

(d) Successors and Assigns. This agreement shall be binding upon the Company and its successors and assigns. 

  
 17 

 (e) Counterparts. This agreement may be executed in any number of counterparts and by
the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

(f) Headings. The headings in this agreement are for convenience of reference only and shall not limit or otherwise affect the
meaning hereof. 
 (g) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. 
 (h) Severability. If any one or more of the
provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained
herein shall not be affected or impaired thereby. 
 (i) Securities Held by the Company. Whenever the consent or
approval of Holders of a specified percentage of principal amount of Securities is required hereunder, Securities held by the Company or its affiliates (other than subsequent Holders of Securities if such subsequent Holders are deemed to be
affiliates solely by reason of their holdings of such Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 

(j) Submission to Jurisdiction. The Company hereby submits to the non-exclusive jurisdiction of the Federal and state courts in
the Borough of Manhattan in The City of New York in any suit or proceeding arising out of or relating to this agreement or the transactions contemplated hereby. The Company irrevocably and unconditionally waives any objection to the laying of venue
of any suit or proceeding arising out of or relating to this agreement or the transactions contemplated hereby in Federal and state courts in the Borough of Manhattan in The City of New York and irrevocably and unconditionally waive and agree not to
plead or claim in any such court that any such suit or proceeding in any such court has been brought in an inconvenient forum. 

  
 18 

 If the foregoing is in accordance with your understanding of our agreement, please sign and
return to the Issuers a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding agreement among the several Initial Purchasers, the Issuers and the Guarantors in accordance with its terms. 

 

					
	Very truly yours,
	
	ISSUERS:
	
	AMERICAN PETROLEUM TANKERS PARENT LLC
		
	By:	 	/s/ Robert K. Kurz
		 	Name:	 	Robert K. Kurz
		 	Title:	 	Authorized Signatory
	
	AP TANKERS CO.
		
	By:	 	/s/ Robert K. Kurz
		 	Name:	 	Robert K. Kurz
		 	Title:	 	Authorized Signatory

  
 19 

  

					
	
	GUARANTORS:
	
	AMERICAN PETROLEUM TANKERS HOLDING LLC
		
	By:	 	/s/ Robert K. Kurz
		 	Name:	 	Robert K. Kurz
		 	Title:	 	Authorized Signatory
	
	AMERICAN PETROLEUM TANKERS LLC
		
	By:	 	/s/ Robert K. Kurz
		 	Name:	 	Robert K. Kurz
		 	Title:	 	Authorized Signatory
	
	APT INTERMEDIATE HOLDCO
		
	By:	 	/s/ Robert K. Kurz
		 	Name:	 	Robert K. Kurz
		 	Title:	 	Authorized Signatory
	
	APT SUNSHINE STATE LLC
		
	By:	 	/s/ Robert K. Kurz
		 	Name:	 	Robert K. Kurz
		 	Title:	 	Authorized Signatory
	
	JV TANKER CHARTERER LLC
		
	By:	 	/s/ Robert K. Kurz
		 	Name:	 	Robert K. Kurz
		 	Title:	 	Authorized Signatory
	
	PI 2 PELICAN STATE LLC
		
	By:	 	/s/ Robert K. Kurz
		 	Name:	 	Robert K. Kurz
		 	Title:	 	Authorized Signatory

 Signature Page
to Registration Rights Agreement 

  
 20 

  

							
	By:	 	UBS SECURITIES LLC
			
		 	By:	 	/s/ John Kim
		 		 	Name:	 	John Kim
		 		 	Title:	 	Executive Director
			
		 	By:	 	/s/ Omer Masud
		 		 	Name:	 	Omer Masud
		 		 	Title:	 	Director

  
 21 

  

							
	The foregoing Registration Rights Agreement is hereby confirmed and accepted as of the date first above written.
	
	 CREDIT SUISSE SECURITIES (USA) LLC
 UBS SECURITIES LLC

		
	By:	 	CREDIT SUISSE SECURITIES, (USA) LLC
			
		 	By:	 	/s/ Robert A. Kobre
		 		 	Name:	 	Robert A. Kobre
		 		 	Title:	 	Managing Director

  
 22 

 ANNEX A 
 Each broker-dealer that receives Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange
Securities. The Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. This Prospectus, as it
may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired by such broker-dealer as a
result of market-making activities or other trading activities. The Company has agreed that, for a period of 180 days after the Expiration Date (as defined herein), it will make this Prospectus available to any broker-dealer for use in connection
with any such resale. See “Plan of Distribution.” 

  
 ANNEX A-1

 ANNEX B 
 Each broker-dealer that receives Exchange Securities for its own account in exchange for Initial Securities, where such Initial Securities were acquired by such broker-dealer as a result of market-making
activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. See “Plan of Distribution.” 

  
 ANNEX B-1

 ANNEX C 
 PLAN OF DISTRIBUTION 
 Each broker-dealer that receives
Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. This Prospectus, as it may be amended or supplemented from time to
time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired as a result of market-making activities or other trading activities. The
Company has agreed that, for a period of 180 days after the Expiration Date, it will make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. In addition, until ___________, 20__,
all dealers effecting transactions in the Exchange Securities may be required to deliver a prospectus1. 
 The Company will not receive any proceeds from any sale of Exchange Securities
by broker-dealers. Exchange Securities received by broker-dealers for their own account pursuant to the Exchange Offer may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the
writing of options on the Exchange Securities or a combination of such methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be made
directly to purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions from any such broker dealer or the purchasers of any such Exchange Securities. Any broker-dealer that resells Exchange
Securities that were received by it for its own account pursuant to the Exchange Offer and any broker or dealer that participates in a distribution of such Exchange Securities may be deemed to be an “underwriter” within the meaning of the
Securities Act and any profit on any such resale of Exchange Securities and any commission or concessions received by any such persons may be deemed to be underwriting compensation under the Securities Act. The Letter of Transmittal states that, by
acknowledging that it will deliver and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. 

For a period of 180 days after the Expiration Date the Company will promptly send additional copies of this Prospectus and any amendment
or supplement to this Prospectus to any broker-dealer that requests such documents in the Letter of Transmittal. The Company has agreed to pay all expenses incident to the Exchange Offer (including the expenses of one counsel for the Holders of the
Securities) other than commissions or concessions of any brokers or dealers and will indemnify the Holders of the Securities (including any broker-dealers) against certain liabilities, including liabilities under the Securities Act. 

 
  

	1	 In addition, the legend required by Item 502(e) of Regulation S-K will appear on the back cover page of the Exchange Offer prospectus.

  
 ANNEX C-1

 ANNEX D 
  ̈    CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR
SUPPLEMENTS THERETO. 
  

			
		
	Name:	 	 
		
	Address:	 	 
		
		 	 

 If the undersigned is not a broker-dealer, the
undersigned represents that it is not engaged in, and does not intend to engage in, a distribution of Exchange Securities. If the undersigned is a broker-dealer that will receive Exchange Securities for its own account in exchange for Initial
Securities that were acquired as a result of market-making activities or other trading activities, it acknowledges that it will deliver a prospectus in connection with any resale of such Exchange Securities; however, by so acknowledging and by
delivering a prospectus, the undersigned will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. 

  
 ANNEX D-1

 SCHEDULE A 
 Guarantors 
 American Petroleum Tankers Holding LLC (DE) American 

Petroleum Tankers LLC (DE) 
 APT Intermediate
HoldCo LLC (DE) 
 APT Sunshine State LLC (DE) 
 JV Tanker Charterer LLC (DE) 
 PI 2 Pelican State LLC (DE) 

  
 SCHEDULE A-1Subordination and Intercreditor Agreement, dated May 17, 2010

 Exhibit 4.5 
 SUBORDINATION AND INTERCREDITOR AGREEMENT 
 THIS SUBORDINATION AND INTERCREDITOR
AGREEMENT (this “Agreement”) is entered into as of May 17, 2010, by and among the lenders listed on the signature pages hereto (collectively, the “Subordinated Creditors”), The Bank of New York Mellon, in its capacity as
trustee for the Subordinated Creditors, The Bank of New York Mellon Trust Company, N.A., a national banking association, in its capacity as trustee, collateral agent and security trustee on behalf of the Noteholders, American Petroleum Tankers
Parent LLC, a Delaware limited liability company (the “Company”) and AP Tankers Co., a Delaware corporation (“AP Tankers” and, together with the Company, the “Co-Issuers”), American Petroleum Tankers Holding LLC
(“Holding”), a Delaware limited liability company and each of the Company’s subsidiaries listed on the signature pages hereto (the “Subsidiaries”). 
 RECITALS 
 A. The Co-Issuers have issued $285,000,000
aggregate principal amount of their 10 1/4% First
Priority Senior Secured Notes due 2015 (the “Notes”) and Holding and the Company’s Subsidiaries have guaranteed the Notes (the “Guarantors” and together with the Co-Issuers, the “Issuers”). All of the Issuers’
and Guarantors’ obligations to the Noteholders under the Notes and the other Senior Debt Documents (as hereinafter defined) are secured by liens on and security interests in substantially all of the now existing and hereafter acquired real and
personal property of the Issuers and the Guarantors (other than the obligations of Holding, which are secured only by liens on the Capital Interests of the Company) (the “Collateral”). 

B. As an inducement to and as one of the conditions precedent to the agreement of the Noteholders to consummate the transactions
contemplated by the Senior Debt Documents, the Noteholders have required the execution and delivery of this Agreement by the Subordinated Creditors, the Trustee and the Credit Parties in order to set forth the relative rights and priorities of the
Trustee, the Noteholders and the Subordinated Creditors under the Senior Debt Documents and the Subordinated Debt Documents. 

NOW, THEREFORE, in order to induce the Noteholders to consummate the transactions contemplated by the Notes, and for other good and
valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the parties hereto hereby agree as follows (it being understood that any restrictions or limitations on the actions of the Trustee here under shall similarly bind
each Noteholder): 
 1. Definitions. The following terms shall have the following meanings in this Agreement: 

“Bankruptcy Code” shall mean Chapter 11 of Title 11 of the United States Code (11 U.S.C. § 101 et m.), as amended from
time to time and any successor statute and all rules and regulations promulgated thereunder. 
 “Credit Parties”
means, collectively, the Co-Issuers, each of their Subsidiaries and each other Person that executes and delivers any guaranty or similar agreement pursuant to the Senior Debt Documents or the Subordinated Debt Documents, or is otherwise liable for
any of the Senior Debt or the Subordinated Debt or any of whose property is pledged as security for the Senior Debt or the Subordinated Debt, and their respective successors and assigns. 

 “Distribution” means, with respect to any indebtedness, (a) any payment or
distribution by any Person of cash, securities or other property, by set-off or otherwise, on account of such indebtedness or obligation, (b) any redemption, purchase or other acquisition of such indebtedness or obligation by any Person,
including without limitation, upon the exercise of any rights with respect of such indebtedness or obligation or (c) the granting of any lien or security interest to or for the benefit of the holders of such indebtedness or obligation in or
upon any property of any Person. 
 “Enforcement Action” shall mean (a) to take from or for the account of any
Issuer, by set-off, the whole or any part of any moneys which may now or hereafter be payable by any Credit Party with respect to the Subordinated Debt, (b) to sue for payment of, or to initiate or participate with others in any suit, action or
proceeding against any Credit Party to (i) enforce payment of or to collect the whole or any part of the Subordinated Debt or (ii) commence judicial enforcement of any of the rights and remedies under the Subordinated Debt Documents or
applicable law with respect to the Subordinated Debt, (c) accelerate the Subordinated Debt, (d) exercise any put option or to cause any Credit Party to honor any redemption or mandatory prepayment obligation under any Subordinated Debt
Document or (e) take any action under the provisions of any state or federal law, including, without limitation, the Uniform Commercial Code, or under any contract or agreement, to enforce against or foreclose upon any property or assets of any
Credit Party. 
 “Indebtedness” means, with respect to any Person, any indebtedness, whether or not contingent, in
respect of borrowed money or evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof) or representing the deferred and unpaid balance of the purchase price of any Property
(including any deferred and unpaid balance under a capital lease), except any such balance that constitutes an accrued expense or a trade payable, if and to the extent any of the foregoing indebtedness would appear as a liability upon a balance
sheet of such Person prepared on a consolidated basis in accordance with generally accepted ac counting principles in effect from time to time, and shall also include, to the extent not otherwise included, any direct or indirect guaranty by such
Person of any items included within this definition. 
 “Indenture” means that certain Indenture dated as of
May 17, 2010, among the Issuers and the Trustee. 
 “Noteholder” has the meaning ascribed to the term
“Holder” in the Indenture. 
 “Obligations” means any principal, interest, penalties, fees,
indemnifications, re-imbursements, damages and other liabilities payable under the documentation governing any Indebtedness (including interest accruing during the pending of bankruptcy, insolvency, receivership or other similar proceeding,
regardless of whether allowed or allow able in such proceeding); provided, that with respect to any reference to the Obligations under the Senior Debt Documents being paid in full or terminated, the term “Obligations” shall not
include contingent obligations as to which no claim has been made. 

  
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 “Payment Blockage Notice” shall mean a written notice from the Trustee or any
Noteholder to the Subordinated Creditors pursuant to which the Subordinated Creditors are notified of the occurrence of a Senior Covenant Default, which notice incorporates a reasonably detailed description of such Senior Covenant Default.

 “Permitted Subordinated Debt Payments” means payments pursuant to Section 3.1 of the Sponsor Facility due and
payable on a non-accelerated basis in accordance with the terms of the Subordinated Debt Documents as in effect on the date hereof or as modified in accordance with the terms of this Agreement or any other payment of Subordinated Debt not prohibited
by the terms of the Indenture. 
 “Person” means any natural person, corporation, general or limited partnership,
limited liability company, firm, trust, association, government, governmental agency or other entity, whether acting in an individual, fiduciary or other capacity. 
 “Proceeding” shall mean any voluntary or involuntary insolvency, bankruptcy, receivership, custodianship, liquidation, dissolution, reorganization, assignment for the benefit of creditors,
appointment of a custodian, receiver, trustee or other officer with similar powers or any other proceeding for the liquidation, dissolution or other winding up of a Person. 
 “Senior Covenant Default” shall mean any “Event of Default” under the Senior Debt Documents (other than a Senior Payment Default), or any condition or event that, after notice or lapse
of time or both, would constitute such an Event of Default (other than a Senior Payment Default) if that condition or event were not cured or removed within any applicable grace or cure period set forth therein. 

“Senior Default” shall mean any Senior Payment Default or Senior Covenant Default. 

“Senior Debt” means all Indebtedness, liabilities and other obligations of any and every kind and nature now existing or
hereafter arising, contingent or otherwise, of any Issuer or any other Person under, in connection with, or evidenced or secured by the Notes and the other Senior Debt Documents, in each case including, without limitation, obligations to pay
(i) principal, (ii) interest (including Additional Interest (as defined in the Indenture)) or premium (including interest accruing after the commencement of any Proceeding, whether or not constituting an allowed claim in such Proceeding),
(iii) fees, (iv) costs, expenses and other amounts related to any indemnity against loss, damage or liability, and (v) any other monetary obligation. 
 “Senior Debt Documents” includes the Indenture, the Notes and all other agreements, documents and instruments and all other mortgages, vessel mortgages (including first preferred ship mortgages
in favor of the Trustee on Golden State, Pelican State and Sunshine State (official numbers 1205805, 1218103 and 1222406, respectively)), deeds of trust, pledge agreements, collateral assignments, security agreements, fiduciary transfers,
debentures, fiduciary assignments and other instruments or agreements evidencing or creating any security interest in favor of the Trustee in all or any portion of the Collateral and other agreements, documents and instruments now or at any time
hereafter entered into or delivered by any Issuer 

  
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or other Person pursuant thereto, or evidencing any replacement, substitution, refunding, renewal or refinancing of or for all or any part of, the Senior Debt, in each case as amended, restated,
supplemented or otherwise modified and in effect from time to time, to the extent permitted pursuant to the terms hereof. 

“Senior Payment Default” shall mean any “Event of Default” under the Senior Debt Documents resulting from the failure
of any Credit Party to pay, on a timely basis, any principal, interest, fees or other obligations under the Senior Debt Documents including, without limitation, any default in payment of Senior Debt after acceleration thereof, or any condition or
event that, after notice or lapse of time or both, would constitute such an Event of Default if that condition or event were not cured or removed within any applicable grace or cure period set forth therein. 

“Sponsor Facility” shall mean the Facility Agreement (as amended, amended and restated, supplemented or otherwise modified from
time to time in accordance with the terms thereof and of this Agreement), dated August 7, 2006, among the Credit Parties party thereto and the Subordinated Creditors. 
 “Subordinated Creditor” shall have the meaning ascribed to such term in the preamble hereof, but shall be limited solely to such Person acting in their capacities as creditors under the
Subordinated Debt Documents. References to “holders of Subordinated Debt” or similar phrases shall be similarly limited. 
 “Subordinated Debt” shall mean all of the obligations of any Credit Party to the Subordinated Creditors evidenced by or incurred pursuant to the Subordinated Debt Documents, other that the fees,
expenses and indemnification obligations payable to the Subordinated Trustee or the Administrative Agent (as such term is defined in the Sponsor Facility), pursuant to the Sponsor Facility, including without limitations the amounts payable pursuant
to Section 3.3.2(c), 10.3.1 and 10.3.2 of the Sponsor Facility. 
 “Subordinated Debt Documents” shall mean the
Sponsor Facility and all other documents, agreements, instruments and vessel mortgages (including first preferred ship mortgages in favor of the Subordinated Trustee on Golden State, Pelican State and Sunshine State (official numbers
1205805, 1218103 and 1222406, respectively)) now existing or hereinafter entered into evidencing or pertaining to all or any portion of the Subordinated Debt, including without limitation the guarantees thereof by the Subsidiaries of the Company a
party thereto. 
 “Subordinated Debt Default” shall mean a default in the payment of the Subordinated Debt or in the
performance of any term, covenant or condition contained in the Subordinated Debt Documents or any other occurrence permitting the Subordinated Creditors to accelerate the payment of, put or cause the redemption of all or any portion of the
Subordinated Debt or any Subordinated Debt Document. 
 “Subordinated Debt Default Notice” shall mean a written notice
from the Subordinated Creditors or the Company to the Trustee pursuant to which the Trustee is notified of the occurrence of a Subordinated Debt Default, which notice incorporates a reasonably detailed description of such Subordinated Debt Default.

  
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 “Subordinated Trustee” means The Bank of New York Mellon (as successor to JPMorgan
Chase Bank, N.A.), as security agent and trustee under the Sponsor Facility, and its successors and assigns in such capacities. 

“Trustee” means The Bank of New York Mellon Trust Company, N.A., acting in its capacity as the trustee, collateral agent and
security trustee for its benefit and for the benefit of the Noteholders under the Indenture and the other Senior Debt Documents, together with its successors in such capacity. 
 2. Subordination. 
 2.1 Subordination of Subordinated Debt to Senior
Debt. 
 (a) Each of the Credit Parties covenants and agrees and each of the Subordinated Creditors covenants
and agrees, notwithstanding anything to the contrary contained in any of the Subordinated Debt Documents, that the payment of any and all of the Subordinated Debt shall be subordinate and subject in right and time of payment, to the extent and in
the manner hereinafter set forth, to the prior payment in full in cash of all Senior Debt. Each holder of Senior Debt, whether now outstanding or hereafter created, incurred, assumed or guaranteed, shall be deemed to have acquired the Senior Debt in
reliance upon the provisions contained in this Agreement. 
 (b) The Subordinated Creditors hereby acknowledge
and agree that each lien and security interest of the Trustee granted for the benefit of the Noteholders in or to the Collateral pursuant to the Senior Debt Documents shall be prior and superior to each lien and security interest, if any, granted to
the Subordinated Trustee therein. 
 (c) No Subsidiary of the Company shall at any time become a Credit Party in
respect of the Obligations of the Company under the Subordinated Debt unless such Subsidiary shall become a party to this Agreement. 
 2.2 Liquidation, Dissolution, Bankruptcy. In the event of any Proceeding involving any Credit Party: 
 (a) All Senior Debt shall first be paid in full in cash and all amounts due on or in respect of all Obligations under the Senior Debt Documents shall be terminated before any Distribution, whether in
cash, securities or other property, shall be made to the Subordinated Creditors on account of any Subordinated Debt. 
 (b) Any Distribution, whether in cash, securities or other property which would otherwise, but for the terms hereof, be payable or deliverable in respect of the Subordinated Debt shall be paid or
delivered directly to the Trustee (to be held and/or applied by the Trustee in accordance with the terms of the Senior Debt Documents) until all Senior Debt is paid in full in cash and all amounts due on or in respect of Obligations under the Senior
Debt Documents shall have been terminated. The Subordinated Creditors irrevocably authorize, 

  
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empower and direct any debtor, debtor in possession, receiver, trustee, liquidator, custodian, conservator or other Person having authority, to pay or otherwise deliver all such Distributions to
the Trustee. The Subordinated Creditors also irrevocably authorize and empower the Trustee, in the name of the Subordinated Creditors, to demand, sue for, collect and receive any and all such Distributions. 

(c) The Subordinated Creditors agree not to initiate, prosecute or participate in any claim, action or other proceeding
challenging the enforceability, validity, perfection or priority of the Senior Debt or any liens and security interests securing the Senior Debt. Holders of Senior Debt agree not to initiate, prosecute or participate in any claim, action or other
proceeding challenging the enforceability, validity, perfection or priority of the Subordinated Debt or any liens and security interests securing the Subordinated Debt. 

(d) The Subordinated Creditors hereby irrevocably authorize, empower and appoint the Trustee their agent and
attorney-in-fact to (i) execute, verify, deliver and file accurate proofs of claim in respect of the Subordinated Debt upon the failure of any Subordinated Creditor promptly to do so prior to 10 days before the expiration of the time to file
any such proof of claim and (ii) vote such claim in any such Proceeding upon the failure of any Subordinated Creditor to do so prior to 5 days before the expiration of the time to vote any such claim; provided the Trustee shall have no
obligation to execute, verify, deliver, file and/or vote any such proof of claim. In the event that the Trustee votes any claim in accordance with the authority granted hereby, the Subordinated Creditors shall not be entitled to change or withdraw
such vote. 
 The Senior Debt shall continue to be treated as Senior Debt and the provisions of this Agreement shall continue to
govern the relative rights and priorities of the Noteholders and the Subordinated Creditors even if all or part of the Senior Debt or the security interests securing the Senior Debt are subordinated, set aside, avoided, invalidated or disallowed in
connection with any such Proceeding, and this Agreement shall be reinstated if at any time any payment of any of the Senior Debt is rescinded or must otherwise be returned by any holder of Senior Debt or any representative of such holder.

 2.3 Subordinated Debt Payment Restrictions. 

(a) Notwithstanding the terms of the Subordinated Debt Documents, each Credit Party hereby agrees that it shall not make,
and the Subordinated Creditors hereby agree that they will not accept, any Distribution with respect to the Subordinated Debt until the Senior Debt is paid in full in cash and all amounts due on or in respect of Obligations under the Senior Debt
Documents have terminated other than Permitted Subordinated Debt Payments; provided, however, that the Credit Parties and the Subordinated Creditors further agree that no Permitted Subordinated Debt Payment may be made by any Credit
Party or accepted by the Subordinated Creditors if, at the time of such payment: 
 (i) a Senior Payment Default
exists and such Senior Payment Default shall not have been cured or waived; or 

  
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 (ii) subject to paragraphs (b) and (d) of this subsection 2.3,
(A) the Company and the Subordinated Creditors shall have received a Payment Blockage Notice from the Trustee or any Noteholder stating that a Senior Covenant Default exists or would be created by the making of such payment and (B) each
such Senior Covenant Default shall not have been cured or waived. 
 (b) The Credit Parties may resume Permitted
Subordinated Debt Payments (and may make any Permitted Subordinated Debt Payments missed due to the application of paragraph (a) of this subsection 2.3) in respect of the Subordinated Debt or any judgment with respect thereto: 

(i) in the case of a Senior Payment Default referred to in clause (i) of paragraph (a) this subsection 2.3, upon
a cure, waiver or cessation thereof; or 
 (ii) in the case of a Senior Covenant Default referred to in clause
(ii) of paragraph (a) of this subsection 2.3, upon the earlier to occur of (A) the cure, waiver or cessation of all such Senior Covenant Defaults or (B) 180 days after the date on which the applicable Payment Blockage Notice is
received, unless the maturity of the Notes has been accelerated. 
 (c) No Senior Default shall be deemed to have
been waived for purposes of this subsection 2.3 unless and until the Company shall have received a written waiver from the Trustee or Noteholders holding a majority of the outstanding principal amount of Notes. 

(d) Notwithstanding any provision of this subsection 2.3 to the contrary: 

(i) the Credit Parties shall not be prohibited from making, and the Subordinated Creditors shall not be prohibited from
receiving, Permitted Subordinated Debt Payments under clause (ii) of paragraph (a) of this subsection 2.3 for more than an aggregate of 180 days within any period of 365 consecutive days; 

(ii) no Senior Covenant Default existing on the date any Payment Blockage Notice is given pursuant to clause (ii) of
paragraph (a) of this subsection 2.3 shall, unless the same shall have ceased to exist for a period of at least 45 consecutive days, be used as a basis for any subsequent such notice; and 

(iii) the failure of the Credit Parties to make any Distribution with respect to the Subordinated Debt by reason of the
operation of this subsection 2.3 shall not be construed as preventing the occurrence of a Subordinated Debt Default under the applicable Subordinated Debt Documents. 

  
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 2.4 Subordinated Debt Standstill Provisions. 

(a) Until the Senior Debt is paid in full in cash and all amounts due on or in respect of Obligations under the Senior
Debt Documents shall be terminated, no Subordinated Creditor shall, without the prior written consent of the Trustee, take any Enforcement Action with respect to the Subordinated Debt, until the earliest to occur of the following: 

(i) acceleration of the Senior Debt; or 

(ii) the passage of 180 days from the delivery of a Subordinated Debt Default Notice to the Trustee if any Subordinated
Debt Default described therein shall not have been cured or waived within such period; provided, that the Subordinated Creditors have provided at least 10 days notice to Trustee of their intention to take any such Enforcement Action (such notice may
be provided prior to the expiration of the 180 day period referred to above). 
 Notwithstanding the foregoing, the Subordinated Creditors may
file proofs of claim against any Credit Party in any Proceeding involving any Credit Party. Any Distributions or other proceeds of any Enforcement Action obtained by the Subordinated Creditors shall in any event be held in trust by them for the
benefit of the Trustee and the Noteholders and promptly paid or delivered to the Trustee for the benefit of the Noteholders in the form received until all Senior Debt is paid in full in cash. 

(b) Notwithstanding anything contained herein to the contrary, if following the acceleration of the Senior Debt by the
Trustee or the Noteholders such acceleration is rescinded (whether or not any existing Senior Default has been cured or waived), then all Enforcement Actions taken by the Subordinated Creditors shall likewise be rescinded if such Enforcement Action
is based solely on clause (i) of paragraph (a) of this subsection 2.4. 
 2.5 Incorrect Payments. If any
Distribution on account of the Subordinated Debt not permitted to be made by the Credit Parties or accepted by the Subordinated Creditors under this Agreement is made and received by the Subordinated Creditors or if the Subordinated Creditors
receive proceeds of any Collateral other than as expressly permitted hereunder, such Distribution or proceeds shall not be commingled with any of the assets of the Subordinated Creditors, shall be held in trust by the Subordinated Creditors for the
benefit of the Trustee and the Note holders and shall be promptly paid over to the Trustee for application (in accordance with the Senior Debt Documents ) to the payment of the Senior Debt then remaining unpaid, until all of the Senior Debt is paid
in full. 
 2.6 Subordination of Liens and Security Interests; Agreement Not to Contest; Agreement to Release Liens.
Until the Senior Debt has been paid in full in cash and all amounts due on or in respect of Obligations under the Senior Debt Documents have terminated, any liens and security interests of the Subordinated Creditors in the Collateral (including any
which may exist in breach of the Subordinated Creditors’ agreement pursuant to subsection 3.2(f) or Section 4 of this Agreement) shall be and hereby are subordinated for all purposes and in all respects to the liens and security interests
of the Trustee and the Noteholders in the Collateral, regardless of the time, manner or order of perfection of any such liens and security interests and regardless of how acquired, whether by judgment, grant, possession, statute, operation of law or
otherwise. The Subordinated Creditors agree that they will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, the Senior Debt Documents, or the liens and security interests of the Trustee and the
Noteholders in the Collateral securing the Senior Debt. 

  
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Holders of Senior Debt agree that they will not at any time contest the validity, perfection, priority or enforceability of the Subordinated Debt, the Subordinated Debt Documents, or the liens
and security interests of the Subordinated Trustee and the Subordinated Creditors. In the event that the Trustee and the Noteholders release any liens or security interests in the Collateral, then the liens, if any, of the Subordinated Creditors on
such Collateral shall be automatically and unconditionally released and the Subordinated Creditors shall (or shall cause their agent to) promptly execute and deliver to the Trustee such termination statements and releases as the Trustee shall
request to effect the release of the liens and security interests of the Subordinated Creditors in such Collateral. In furtherance of the foregoing, the Subordinated Creditors hereby irrevocably appoint the Trustee their attorney-in-fact, with full
authority in the place and stead of the Subordinated Creditors and in the name of the Subordinated Creditors or otherwise, to execute and deliver any document or instrument which the Subordinated Creditors may be required to deliver pursuant to this
subsection 2.6 and which the Subordinated Creditors do not deliver to the Trustee within a reasonable period of time following written request therefor. The Trustee and the Noteholders shall have the exclusive right to enforce rights, exercise
remedies and make determinations regarding the release, disposition, or restrictions with respect to the Collateral without any consultation with or the consent of any Subordinated Creditor or agent thereof. In exercising rights and remedies with
respect to the Collateral, the Trustee and the Noteholders may enforce the provisions of the Senior Debt Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion.
Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of Collateral upon foreclosure, to incur reasonable expenses in connection with such sale or disposition, and to exercise all the
rights and remedies of a secured creditor under the Uniform Commercial Code of any applicable jurisdiction and of a secured creditor under Bankruptcy Laws of any applicable jurisdiction. Each Subordinated Creditor agrees that, it will not take or
receive any Collateral or any proceeds of Collateral in connection with the exercise of any right or remedy with respect to any Collateral prior to the payment in full in cash of all Senior Debt. The Trustee, the Noteholders and the Subordinated
Creditors agree not to take any action or vote in a manner inconsistent with this Agreement. 
 2.7 Sale, Transfer or other
Disposition of Subordinated Debt. 
 (a) The Subordinated Creditors shall not sell, assign, pledge, dispose
of or otherwise transfer all or any portion of the Subordinated Debt or any Subordinated Debt Document: (i) without giving written notice of such action to the Trustee, (ii) unless, prior to the consummation of any such action, the
transferee thereof shall execute and deliver to the Trustee an agreement substantially identical to this Agreement, providing for the continued subordination of the Subordinated Debt to the Senior Debt as provided herein and for the continued
effectiveness of all of the rights of the Trustee and Noteholders arising under this Agreement and (iii) unless, following the consummation of any such action, there shall be either (A) no more than five unaffiliated holders of the
Subordinated Debt or (B) one Person acting as agent for all holders of the Subordinated Debt pursuant to documentation reasonably satisfactory to the Trustee such that any Payment Blockage Notices and other notices and communications to be
delivered to the Subordinated Creditors hereunder and any consents required of the Subordinated Creditors shall be made to or obtained from such agent and shall be binding on the Subordinated Creditors as if directly obtained from the Subordinated
Creditors. 

  
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 (b) Notwithstanding the failure of any transferee to execute or deliver an
agreement substantially identical to this Agreement, the subordination effected hereby shall survive any sale, assignment, pledge, disposition or other transfer of all or any portion of the Subordinated Debt, and the terms of this Agreement shall be
binding upon the successors and assigns of the Subordinated Creditors, as provided in Section 9 hereof. 
 2.8
Legends. Until the termination of this Agreement in accordance with Section 15 hereof, the Subordinated Creditors will cause to be clearly, conspicuously and prominently inserted on the face of any notes issued pursuant to the Sponsor
Facility and any other Subordinated Debt Document executed or delivered on or after the date hereof, as well as any renewals or replacements thereof, the following legend: 

“This instrument and the rights and obligations evidenced hereby are subordinate in the manner and to the extent
set forth in that certain Subordination and Intercreditor Agreement dated as of May 17, 2010 among the lenders party thereto, The Bank of New York Mellon Trust Company, N.A., American Petroleum Tankers Parent LLC (the “Company”), AP
Tankers Co. (together with the Company, the “Co-Issuers”), the Company’s parent and its subsidiaries party thereto, relating to the indebtedness (including interest) owed by the Co-Issuers pursuant to the issuance of the
Co-Issuers’s 10 1/4% First Priority Senior
Secured Notes due 2015 and each holder of this instrument, by its acceptance hereof, irrevocably agrees to be bound by the provisions of the Subordination and Intercreditor Agreement.” 

2.9 Insurance Proceeds. Prior to the payment in full in cash of all Senior Debt and subject to the rights of the Credit Parties
under the Senior Debt Documents (i) the Trustee and the Noteholders shall have the sole and exclusive right to adjust settlement for any insurance policy covering the Collateral in the event of any loss thereunder and to approve any award
granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) affecting the Collateral and (ii) all proceeds of any such policy and any such award (or any payments with respect to a deed in lieu of condemnation) if in
respect to the Collateral shall be paid over to the Trustee for application (in accordance with the Senior Debt Documents ) to the payment of the Senior Debt then remaining unpaid, until all of the Senior Debt is paid in full. 

3. Modifications. 
 3.1 Modifications to Senior Debt Documents. The Trustee and the Noteholders may at any time and from time to time without the consent of or notice to the Subordinated Creditors, without incurring
liability to the Subordinated Creditors and without impairing or releasing the obligations of the Subordinated Creditors under this Agreement, change the manner or place of payment or extend the time of payment of or renew or alter any of the terms
of the Senior Debt, or amend in any manner any agreement, note, guarantee or other instrument evidencing or securing or otherwise relating to the Senior Debt in accordance with the Senior Debt Documents. 

3.2 Modifications to Subordinated Debt Documents. Until the Senior Debt has been paid in full in cash and any and all amounts due
on or in respect of Obligations under the Senior Debt Documents have terminated, and notwithstanding anything to the contrary contained in the Subordinated Debt Documents, the Subordinated Creditors shall not, without the

  
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prior written consent of the Trustee, agree to any amendment, modification or supplement to the Subordinated Debt Documents the effect of which is to (a) shorten the maturity thereof,
(b) provide for any cash interest or amortization payments thereon, (c) take any liens or security interests in any assets of any Issuer unless such assets are subject to the Trustee’s security interest and lien and such security
interest and lien have the benefit of the priority established in Section 2.6 hereof or (d) otherwise augment or improve the rights, remedies or recourse of the Subordinated Creditors thereunder vis-à-vis any Credit Party or
Noteholder. 
 4. Representations and Warranties of the Subordinated Creditors and the holders of Senior Debt.

 The Subordinated Creditors hereby represent and warrant to the Trustee and Noteholders that as of the date hereof:
(a) the Subordinated Creditors have the power and authority to enter into, execute, deliver and carry out the terms of this Agreement, all of which have been duly authorized by all proper and necessary action; (b) the execution of this
Agreement by the Subordinated Creditors will not violate or conflict with the organizational documents, as applicable, of any of the Subordinated Creditors, any material agreement binding upon any of the Subordinated Creditors or any law, regulation
or order or require any consent or approval which has not been obtained; (c) this Agreement is the legal, valid and binding obligation of the Subordinated Creditors, enforceable against the Subordinated Creditors in accordance with its terms,
except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by equitable principles; and (d) the Subordinated
Creditors are the sole owners, beneficially and of record, of the Subordinated Debt Documents and the Subordinated Debt. 
 The
Trustee hereby represents and warrants to the Subordinated Trustee and the Subordinated Creditors that as of the date hereof: (a) the Trustee has the power and authority under the Indenture to enter into, execute, deliver and carry out the
terms of this Agreement, all of which have been duly authorized by all proper and necessary action; (b) the execution of this Agreement by the Trustee will not violate or conflict with the organizational documents of the Trustee, any material
agreement binding upon the Trustee or any law, regulation or order or require any consent or approval which has not been obtained; (c) this Agreement is the legal, valid and binding obligation of the Trustee, enforceable against the Trustee, in
its role as Trustee under the Indenture, in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights
generally and by equitable principles; (d) the holders of Senior Debt are the sole owners, beneficially and of record, of the Senior Debt Documents and the Senior Debt; and (e) pursuant to Section 13.15 of the Indenture, the holders
of Senior Debt are bound hereby. 
 5. Subrogation. Subject to the payment in full in cash of all Senior Debt under the
Senior Debt Documents, the Subordinated Creditors shall be subrogated to the rights of the Trustee and Noteholders to receive Distributions with respect to the Senior Debt until the Subordinated Debt is paid in full. The Subordinated Creditors agree
that in the event that all or any part of a payment made with respect to the Senior Debt is recovered from the holders of the Senior Debt in a Proceeding or otherwise, any Distribution received by the Subordinated

  
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Creditors with respect to the Subordinated Debt at any time after the date of the payment that is so recovered, whether pursuant to the right of subrogation provided for in this Agreement or
otherwise, shall be deemed to have been received by the Subordinated Creditors in trust as property of the holders of the Senior Debt and the Subordinated Creditors shall forthwith deliver the same to the Trustee for the benefit of the Noteholders
for application to the Senior Debt until the Senior Debt is paid in full. A Distribution made pursuant to this Agreement to the Trustee or Noteholders which otherwise would have been made to the Subordinated Creditors is not, as among the Credit
Parties and the Subordinated Creditors, a payment by the Credit Parties to or on account of the Senior Debt. 
 6.
Modification. Any modification or waiver of any provision of this Agreement, or any consent to any departure by any party from the terms hereof, shall not be effective in any event unless the same is in writing and signed by the Trustee, the
Subordinated Creditors and each Credit Party and then such modification, waiver or consent shall be effective only in the specific instance and for the specific purpose given. Any notice to or demand on any party hereto in any event not specifically
required hereunder shall not entitle the party receiving such notice or demand to any other or further notice or demand in the same, similar or other circumstances unless specifically required hereunder. 

7. Further Assurances. Each party to this Agreement promptly will execute and deliver such further instruments and agreements and
do such further acts and things as may be reasonably requested in writing by any other party hereto that may be necessary or desirable in order to effect fully the purposes of this Agreement. 

8. Notices. Unless otherwise specifically provided herein, any notice delivered under this Agreement shall be in writing addressed
to the respective party as set forth below and may be personally served, telecopied or sent by overnight courier service or certified or registered United States mail and shall be deemed to have been given (a) if delivered in person, when
delivered; (b) if delivered by telecopy, on the date of transmission if transmitted on a business day before 4:00 p.m. (New York time) or, if not, on the next succeeding business day; (c) if delivered by overnight courier, one business day
after delivery to such courier properly addressed; or (d) if by United States mail, four business days after deposit in the United States mail, postage prepaid and properly addressed. 

Notices shall be addressed as follows: 
 If to the Subordinated Creditors (other than the Subordinated Trustee): 

Blackstone Capital Partners V USS, L.P. 
 345 Park Avenue 29th Floor 
 New York, New York 10154 

Attention: David Foley/Sean Klimczak 
 Telecopy: (212) 583-5701 
 with copy to: 

Schulte Roth & Zabel LLP 
 919 Third Avenue New York, NY 10022 
 Attention: Eliot Relles 

Telecopy: (212) 593-5955 

  
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 If to the Subordinated Trustee: 

The Bank of New York Mellon 
 101 Barclay Street, Floor 4W 
 New York, NY 10286 

Attention: Esther Antoine 
 Telecopy: (212) 815-8091 
 If to the Trustee: 

The Bank of New York Mellon Trust Company, N.A. 
 525 William Penn Place 38th Floor 
 Pittsburgh, PA 15259 

Attention: Beth Mellinger 
 Telecopy: (412) 234-7535 
 If to any Credit Party: 

American Petroleum Tankers Parent LLC 
 345 Park Avenue, 29th Floor 
 New York, New York 10154 

c/o The Blackstone Group L.P. 
 Attention: Robert Kurz 
 Telecopy: (215) 646-4391 

or in any case, to such other address as the party addressed shall have previously designated by written notice to the serving party, given in accordance
with this Section 8. 
 9. Successors and Assigns. This Agreement shall inure to the benefit of, and shall be
binding upon, the respective successors and assigns of the Trustee, the Noteholders, the Subordinated Creditors and each Credit Party. To the extent permitted by the Senior Debt Documents, the Noteholders may, from time to time, without notice to
the Subordinated Creditors, assign or transfer any or all of the Senior Debt or any interest therein to any Person and, notwithstanding any such assignment or transfer, or any subsequent assignment or transfer, the Senior Debt shall, subject to the
terms hereof, be and remain Senior Debt for purposes of this Agreement, and every permitted assignee or transferee of any of the Senior Debt or of any interest therein shall, to the extent of the interest of such permitted assignee or transferee in
the Senior Debt, be entitled to rely upon and be the third party beneficiary of the subordination provided under this Agreement and shall be entitled to enforce the terms and provisions hereof to the same extent as if such as signee or transferee
were initially a party hereto. 
 10. Relative Rights. This Agreement shall define the relative rights of the Trustee,
the Noteholders and the Subordinated Creditors. Nothing in this Agreement shall (a) impair, as among the Credit Parties, the Trustee and Noteholders and as among the Credit Parties 

  
 - 13 -

 
and the Subordinated Creditors, the obligation of the Credit Parties with respect to the payment of the Senior Debt and the Credit Parties with respect to the Subordinated Debt in accordance with
their respective terms or (b) affect the relative rights of the Trustee, Noteholders or the Subordinated Creditors with respect to any other creditors of any Credit Party. 

11. Conflict. In the event of any conflict between any term, covenant or condition of this Agreement and any term, covenant or
condition of any of the Subordinated Debt Documents, the provisions of this Agreement shall control and govern. 
 12.
Headings. The paragraph headings used in this Agreement are for convenience only and shall not affect the interpretation of any of the provisions hereof. 
 13. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 14. Severability. In the event that any provision of this Agreement is deemed to be invalid, illegal or unenforceable
by reason of the operation of any law or by reason of the interpretation placed thereon by any court or governmental authority, the validity, legality and enforceability of the remaining provisions of this Agreement shall not in any way be affected
or impaired thereby, and the affected provision shall be modified to the minimum extent permitted by law so as most fully to achieve the intention of this Agreement. 
 15. Continuation of Subordination; Termination of Agreement. This Agreement shall remain in full force and effect until the payment in full in cash of the Senior Debt owing under the Senior Debt
Documents after which this Agreement shall terminate without further action on the part of the parties hereto. 
 16.
Applicable Law. This Agreement shall be governed by and shall be construed and enforced in accordance with the internal laws of the State of New York, without regard to conflicts of law principles. 

17. SUBMISSION TO JURISDICTION; SERVICE OF PROCESS. THE TRUSTEE AND EACH NOTEHOLDER MAY ENFORCE ANY CLAIM ARISING OUT OF THIS
AGREEMENT IN ANY STATE OR FEDERAL COURT HAVING SUBJECT MATTER JURISDICTION AND LOCATED IN THE CITY OF NEW YORK, NEW YORK. FOR THE PURPOSE OF ANY ACTION OR PROCEEDING INSTITUTED WITH RESPECT TO ANY SUCH CLAIM, THE HOLDERS OF SUBORDINATED DEBT HEREBY
IRREVOCABLY SUBMIT TO THE JURISDICTION OF SUCH COURTS. EACH HOLDER OF SUBORDINATED DEBT HEREBY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF SUCH COURTS BY MAILING A COPY THEREOF, BY REGISTERED MAIL, POSTAGE PREPAID, TO SUCH PERSON AT THE
ADDRESS SET FORTH IN SECTION 8 HEREOF AND AGREES THAT SUCH SERVICE, TO THE FULLEST EXTENT PERMITTED BY LAW, (i) SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON SUCH PERSON IN ANY SUCH SUIT, ACTION OR PROCEEDING AND
(ii) SHALL BE TAKEN AND HELD TO BE VALID PERSONAL SERVICE UPON AND PERSONAL DELIVERY TO SUCH PERSON. NOTHING 

  
 - 14 -

 
CONTAINED HEREIN SHALL AFFECT THE RIGHTS OF THE TRUSTEE OR ANY NOTEHOLDER OR ANY HOLDER OF SUBORDINATED DEBT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR PRECLUDE THE TRUSTEE OR ANY
NOTEHOLDER OR ANY HOLDER OF SUBORDINATED DEBT FROM BRINGING AN ACTION OR PROCEEDING IN RESPECT HEREOF IN ANY OTHER COUNTRY, STATE OR PLACE HAVING JURISDICTION OVER SUCH ACTION. THE TRUSTEE AND EACH HOLDER OF SUBORDINATED DEBT HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH SUCH PERSON NOW OR HEREAFTER MAY HAVE TO THE LAYING OF THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR
PROCEEDING HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 
 18. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY EXPRESSLY
WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES HEREUNDER OR UNDER ANY AGREEMENT, DOCUMENT OR INSTRUMENT DELIVERED OR WHICH MAY HEREAFTER BE DELIVERED IN CONNECTION HEREWITH, OR ARISING
FROM ANY RELATIONSHIP ARISING HEREUNDER, AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. 
 [Remainder of page intentionally blank.] 

  
 - 15 -

 IN WITNESS WHEREOF, the Subordinated Creditors, the Trustee and the Credit Parties have
caused this Agreement to be executed as of the date first above written. 
  

			
	THE SUBORDINATED CREDITORS:
	
	BLACKSTONE CAPITAL PARTNERS V USS, L.P.
		
	By:	 	Blackstone Management Associates V USS L.L.C., its General Partner
		
	By:	 	BMA V USS L.L.C., its Sole Member
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Attorney-in-Fact

  

			
	BLACKSTONE FAMILY INVESTMENT PARTNERSHIP V USS L.P.
		
	By:	 	BCP V USS Side-by-Side GP L.L.C., its General Partner
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Attorney-in-Fact

  

			
	BLACKSTONE PARTICIPATION PARTNERSHIP V USS L.P.
		
	By:	 	BCP V USS Side-by-Side GP L.L.C., its General Partner
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Attorney-in-Fact

  

[Subordination and Intercreditor Agreement] 

  

			
	BLACKSTONE FAMILY INVESTMENT PARTNERSHIP V-A USS SMD L.P.
		
	By:	 	Blackstone Family GP L.L.C., its General Partner
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Attorney-in-Fact

  

			
	BLACKSTONE MEZZANINE PARTNERS II USS L.P.
		
	By:	 	Blackstone Mezzanine Associates II USS L.P., its General Partner
		
	By:	 	Blackstone Mezzanine Management Associates II USS L.L.C., its General Partner
		
	By:	 	/s/ Marisa Beeney
		 	Name: Marisa Beeney
		 	Title: Managing Director

  

			
	BLACKSTONE MEZZANINE HOLDINGS II USS L.P.
		
	By:	 	BMP II USS Side by Side GP L.L.C., its General Partner
		
	By:	 	/s/ Marisa Beeney
		 	Name: Marisa Beeney
		 	Title: Managing Director

  

[Subordination and Intercreditor Agreement] 

  

			
	BLACKSTONE FAMILY MEZZANINE PARTNERSHIP II USS SMD L.P.
		
	By:	 	Blackstone Family GP L.L.C., its General Partner
		
	By:	 	/s/ Marisa Beeney
		 	Name: Marisa Beeney
		 	Title: Managing Director

  

			
	CERBERUS PARTNERS, L.P.
		
	By:	 	Cerberus Associates, L.L.C., its General Partner
		
	By:	 	/s/ Mark Neporent
		 	Name: Mark Neporent
		 	Title: Senior Managing Director

  

			
	A3 FUNDING LP
		
	By:	 	A3 Fund Management LLC, its General Partner
		
	By:	 	/s/ Mark Neporent
		 	Name: Mark Neporent
		 	Title: Senior Managing Director

  

			
	THE CREDIT PARTIES:
	
	AMERICAN PETROLEUM TANKERS PARENT LLC
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Authorized Signatory

  

[Subordination and Intercreditor Agreement] 

  

			
	AP TANKERS CO.
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Authorized Signatory

  

[Subordination and Intercreditor Agreement] 

  

			
	AMERICAN PETROLEUM TANKERS HOLDING LLC
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Authorized Signatory

  

			
	APT INTERMEDIATE HOLDCO
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Authorized Signatory

  

			
	AMERICAN PETROLEUM TANKERS LLC
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Authorized Signatory

  

			
	JV TANKER CHARTERER LLC
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Authorized Signatory

  

			
	PI 2 PELICAN STATE LLC
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Authorized Signatory

  

[Subordination and Intercreditor Agreement] 

  

			
	APT SUNSHINE STATE LLC
		
	By:	 	/s/ Sean Klimczak
		 	Name: Sean Klimczak
		 	Title: Authorized Signatory

  

[Subordination and Intercreditor Agreement] 

  

			
	THE SUBORDINATED TRUSTEE:
	
	The Bank of New York Mellon, as Subordinated Trustee
		
	By:	 	/s/ Esther D. Antoine
		 	Name: Esther D. Antoine
		 	Title: Senior Associate

  

[Intercreditor Agreement] 

  

			
	THE TRUSTEE:
	
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	/s/ Thomas J. Provenzano
		 	Name: Thomas J. Provenzano
		 	Title: Vice President

  

[Intercreditor Agreement]

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