Document:

kl02075_ex10-23.htm

    
      

    

     

    Exhibit 10.23

     

    
 

    Genco
Shipping & Trading Limited

    Director
Restricted Stock Grant Agreement

     

    THIS
AGREEMENT, made as of _____________, 20__, between GENCO SHIPPING
& TRADING LIMITED (the
“Company”) and _______________ (the “Participant”).

     

    WHEREAS,
the Company has adopted and maintains the Genco Shipping
& Trading Limited 2005 Equity Incentive Plan (the “Plan”) to provide certain
key persons, on whose initiative and efforts the successful conduct of the
business of the Company depends, with incentives to: (a) enter into and remain
in the service of the Company, (b) acquire a proprietary interest in the success
of the Company, (c) maximize their performance and (d) enhance the long-term
performance of the Company;

     

    WHEREAS,
the Plan provides that the Board of Directors of the Company (the “Board of
Directors”) shall administer the Plan and determine the key persons to whom
awards shall be granted and the amount and type of such awards; and

     

    WHEREAS,
the Board of Directors has determined that the purposes of the Plan would be
furthered by granting the Participant an award under the Plan as set forth in
this Agreement;

     

    NOW,
THEREFORE, in consideration of the premises and the mutual covenants hereinafter
set forth, the parties hereto hereby agree as follows:

     

    1.    Grant of Restricted
Stock.  Pursuant to, and subject to, the terms and conditions
set forth herein and in the Plan, the Board of Directors hereby grants to the
Participant 2,500 restricted shares (the “Restricted Stock”) of common stock of
the Company, par value $0.01 per share (“Common
Stock”).  

     

    2.    Grant
Date.  The Grant Date of the Restricted Stock is February 13,
2008.

     

    3.    Incorporation of
Plan.  All terms, conditions and restrictions of the Plan are
incorporated herein and made part hereof as if stated herein.  If
there is any conflict between the terms and conditions of the Plan and this
Agreement, the terms and conditions of the Plan, as interpreted by the Board of
Directors, shall govern.  Except as otherwise provided herein, all
capitalized terms used herein shall have the meaning given to such terms in the
Plan.

     

    4.    Vesting.  Subject
to the further provisions of this Agreement, the Restricted Stock shall vest on
the earliest of (i) February 13, 2009, (ii) the date of the annual shareholders
meeting of the Company next following the date hereof (the “Annual Meeting
Date”) and (iii) the occurrence of a Change in Control, as defined in Section
3.8(a) of the Plan, as in effect on the date of such occurrence (each such date,
the “Vesting Date”).

     

    5.    Restrictions on
Transferability.  Until a share of Restricted Stock vests, the
Participant shall not transfer the Participant’s rights to such share of
Restricted Stock or to any rights related thereto.  Any attempt to
transfer unvested shares of Restricted Stock or any rights related thereto,
whether by transfer, pledge, hypothecation or otherwise and whether voluntary
or

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    involuntary, by operation of law or otherwise, shall not vest the
transferee with any interest or right in or with respect to such shares of
Restricted Stock or such related rights.

     

    6.    Termination of
Service.

     

    (a)           In
the event that the Participant’s Service with the Company terminates before the
Vesting Date for any reason other than the Participant’s death or disability (as
defined in the Plan), the Restricted Stock, together with any property received
in respect of such shares, as set forth in Section 9 hereof, shall be forfeited
as of the date such Service terminates, and the Participant promptly shall
return to the Company any certificates evidencing the Restricted Stock, together
with any cash dividends or other property received in respect of such
shares.  For purposes hereof, “Service” means a continuous time period
during which the Participant is at least one of the following:  an
employee or a director of, or a consultant to, the Company.

     

    (b)           In
the event that the Participant’s Service with the Company terminates before the
Vesting Date for reason of the Participant’s death or disability (as defined in
the Plan), all shares of Restricted Stock shall become vested immediately prior
to such termination of Service.

     

               7.      Issuance of
Shares.

     

    (a)           Reasonably
promptly after the Grant Date, the Company shall issue and deliver to the
Participant a stock certificate, registered in the name of the Participant,
evidencing the shares of Restricted Stock or shall instruct its transfer agent
to issue shares of Restricted Stock which shall be maintained in book entry form
on the books of the transfer agent.  Such certificate may bear the
following legend:

     

    “THE
SALE, TRANSFER, ASSIGNMENT, PLEDGE, HYPOTHECATION ENCUMBRANCE OR OTHER DISPOSAL
OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS OF
THE GENCO SHIPPING
& TRADING LIMITED 2005 EQUITY
INCENTIVE PLAN AND A RESTRICTED STOCK GRANT AGREEMENT BETWEEN GENCO SHIPPING
& TRADING LIMITED AND THE
HOLDER OF RECORD OF THE SECURITIES REPRESENTED BY THIS
CERTIFICATE.  NO TRANSFER OF THE SECURITIES REPRESENTED BY THIS
CERTIFICATE IN CONTRAVENTION OF SUCH PLAN AND RESTRICTED STOCK GRANT AGREEMENT
SHALL BE VALID OR EFFECTIVE.  COPIES OF SUCH AGREEMENT MAY BE OBTAINED
BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THE CERTIFICATE TO THE
SECRETARY OF GENCO SHIPPING
& TRADING LIMITED.”

     

    If the
Restricted Stock is in book entry form, it shall be subject to electronic coding
or stop order indicating that such shares of Restricted Stock are restricted by
the terms of this Agreement and the Plan.  Such legend, electronic
coding or stop order shall not be removed until such shares of Restricted Stock
vest.

     

    (b)           Reasonably
promptly after any such shares of Restricted Stock vest pursuant to Section 4
hereof, (i) in the case of certificated shares, in exchange for the surrender to
the Company of the certificates evidencing the Restricted Stock, delivered to
the Participant under Section 7(a) hereof, and the certificates evidencing any
other securities received in respect of such

     

     

    
      
        
        

      

      
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    shares,
if any, the Company shall issue and deliver to the Participant (or the
Participant’s legal representative, beneficiary or heir) a certificate
evidencing such shares of Restricted Stock and such other securities, free of
the legend provided in Section 7(a) hereof and (ii) in the case of book entry
shares, the Company shall cause to be lifted and removed any electronic coding
or stop order established pursuant to Section 7(a) hereof.

     

    (c)           The
Company may require as a condition of the delivery of stock certificates or the
removal of any electronic coding or stop order, pursuant to Section 7(b) hereof,
that the Participant remit to the Company an amount sufficient in the opinion of
the Company to satisfy any federal, state and other governmental tax withholding
requirements related to the vesting of the applicable shares.  The
Board of Directors, in its sole discretion, may permit the Participant to
satisfy such obligation by delivering shares of Common Stock or by directing the
Company to withhold from delivery shares of Common Stock, in either case valued
at their Fair Market Value on the Vesting Date with fractional shares being
settled in cash.

     

    (d)           The
Participant shall not be deemed for any purpose to be, or have rights as, a
shareholder of the Company by virtue of the grant of Restricted Stock, except to
the extent a stock certificate is issued therefor or an appropriate book entry
is made on the books of the transfer agent reflecting the issuance thereof
pursuant to Section 7(a) hereof, and then only from the date such certificate is
issued or such book entry is made.  Upon the issuance of a stock
certificate or the making of an appropriate book entry on the books of the
transfer agent, the Participant shall have the rights of a shareholder with
respect to the Restricted Stock, including the right to vote the shares, subject
to the restrictions on transferability and the forfeiture provisions, as set
forth in this Agreement.

     

    8.    Securities
Matters.  The Company shall be under no obligation to effect
the registration pursuant to the Securities Act of 1933, as amended (the “1933
Act”) of any interests in the Plan or any shares of Common Stock to be issued
thereunder or to effect similar compliance under any state laws.  The
Company shall not be obligated to cause to be issued any shares, whether by
means of stock certificates or appropriate book entries, unless and until the
Company is advised by its counsel that the issuance of such shares is in
compliance with all applicable laws, regulations of governmental authority and
the requirements of any securities exchange on which shares of Common Stock are
traded.  The Board of Directors may require, as a condition of the
issuance of shares of Common Stock pursuant to the terms hereof, that the
recipient of such shares make such covenants, agreements and representations,
and that any certificates bear such legends and any book entries be subject to
such electronic coding, as the Board of Directors, in its sole discretion, deems
necessary or desirable.  The Participant specifically understands and
agrees that the shares of Common Stock, if and when issued, may be “restricted
securities,” as that term is defined in Rule 144 under the 1933 Act and,
accordingly, the Participant may be required to hold the shares indefinitely
unless they are registered under such Act or an exemption from such registration
is available.

     

    9.    Dividends,
etc.  Any cash dividends or other property (but not including
securities) received by a Participant with respect to a share of Restricted
Stock shall be returned to the Company in the event such share of Restricted
Stock is forfeited.  Any securities received by a Participant with
respect to a share of Restricted Stock as a result of any dividend,
recapitalization, merger, consolidation, combination, exchange of shares or
otherwise will not vest until such share of Restricted Stock vests and shall be
forfeited if such share of Restricted Stock is forfeited.  Unless
the

     

     

    
      
        
        

      

      
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    Board of
Directors otherwise determines, such securities shall bear the legend or be
subject to the electronic coding or stop order set forth in Section 7(a)
hereof.

     

    10.     
Delays or
Omissions.  No delay or omission to exercise any right, power
or remedy accruing to any party hereto upon any breach or default of any party
under this Agreement, shall impair any such right, power or remedy of such
party, nor shall it be construed to be a waiver of any such breach or default,
or an acquiescence therein, or of or in any similar breach or default thereafter
occurring, nor shall any waiver of any single breach or default be deemed a
waiver of any other breach or default theretofore or thereafter
occurring.  Any waiver, permit, consent or approval of any kind or
character on the part of any party of any breach or default under this
Agreement, or any waiver on the part of any party or any provisions or
conditions of this Agreement, must be in a writing signed by such party and
shall be effective only to the extent specifically set forth in such
writing.

     

    11.     
Right of Discharge
Preserved.  Nothing in this Agreement shall confer upon the
Participant the right to continue as a director of or in other service of the
Company, or affect any right which the Company may have to terminate such
service.

     

    12.     
Integration.  This
Agreement contains the entire understanding of the parties with respect to its
subject matter.  There are no restrictions, agreements, promises,
representations, warranties, covenants or undertakings with respect to the
subject matter hereof other than those expressly set forth
herein.  This Agreement, including, without limitation, the Plan,
supersedes all prior agreements and understandings between the parties with
respect to its subject matter.

     

    13.     
Counterparts.  This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which shall constitute one and the same
instrument.

     

    14.     
Governing
Law.  This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of New York, without regard to
the provisions governing conflict of laws.

     

    15.     
Obligation to
Notify.  If the Participant makes the election permitted under
Section 83(b) of the Internal Revenue Code of 1986, as amended (that is, an
election to include in gross income in the year of transfer the amounts
specified in Section 83(b)), the Participant shall notify the Company of such
election within 10 days of filing notice of the election with the Internal
Revenue Service and shall within the same 10-day period remit to the Company an
amount sufficient in the opinion of the Company to satisfy any federal, state
and other governmental tax withholding requirements related to such inclusion in
Participant’s income. The Participant should consult with his or her tax advisor
to determine the tax consequences of acquiring the Restricted Stock and the
advantages and disadvantages of filing the Section 83(b)
election.  The Participant acknowledges that it is his or her sole
responsibility, and not the Company’s, to file a timely election under Section
83(b), even if the Participant requests the Company or its representatives to
make this filing on his or her behalf.

     

    16.     Reduction in
Benefits.  Unless the Participant and the Company agree
otherwise in writing, in the event that the Participant would incur an Excise
Tax on any payments or benefits under this Agreement as a result of a Change of
Control (or any other change described in Section 280G(b)(2) of the Code), the
Company shall reduce the payments or benefits to be paid to or

     

     

     

    
      
        
        

      

      
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    granted
to Participant hereunder to the greater of (i) the maximum amount payable to the
Participant without the imposition of any Excise Tax with respect to the
Restricted Stock and (ii) the amount that yields the Participant the greatest
after-tax amount of benefits under this Agreement after taking into account any
Excise Tax imposed on Participant, whether due to payments and benefits under
this Agreement or otherwise.  “Excise Tax” means the tax imposed by
Section 4999 of the Code and any successor tax.  The determination of
whether the Participants payments and benefits should be reduced and the amount
of any such reduction shall be made by independent counsel selected by the
Participant and reasonably acceptable to the Company (“Independent
Counsel”).  For purposes of such determination, (x) the total amount
of payments and benefits received by the Participant as a result of such Change
in Control (or such other change) shall be treated as “parachute payments”
within the meaning of Section 280G(b)(2) of the Code, and all “excess parachute
payments” within the meaning of Section 280G(b)(1) of the Code shall be treated
as subject to the Excise Tax, except to the extent that, in the opinion of
Independent Counsel, a payment or benefit hereunder (in whole or in part) does
not constitute a “parachute payment” within the meaning of Section 280G(b)(2) of
the Code and the Treasury Regulations under Section 280G of the Code (the
“Regulations”), or such “excess parachute payments” (in whole or in part) are
not subject to the Excise Tax; (y) the amount of the payments and benefits
hereunder that shall be treated as subject to the Excise Tax shall be equal to
the lesser of (A) the total amount of such payments and benefits or (B) the
amount of “excess parachute payments” within the meaning of Section 280G(b)(1)
of the Code (after applying clause (x) hereof); and (z) the value of any noncash
benefits or any deferred payment or benefit shall be determined by Independent
Counsel in accordance with the principles of Sections 280G(d)(3) and (4) of the
Code.  All fees and expenses of Independent Counsel shall be borne by
the Company.

     

    17.  Participant
Acknowledgment.  The Participant hereby acknowledges receipt of
a copy of the Plan.  The Participant hereby acknowledges that all
decisions, determinations and interpretations of the Board of Directors in
respect of the Plan, this Agreement and the Restricted Stock shall be final and
conclusive.

     

    [Signature
page follows]

     

     

    
 

    
      
         

      

      
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    IN
WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by
its duly authorized officer, and the Participant has hereunto signed this
Agreement on his own behalf, thereby representing that he has carefully read and
understands this Agreement and the Plan as of the day and year first written
above.

     

     

    
      

                          GENCO SHIPPING
& TRADING LIMITED

       

       

                                                  By: _____________________________ 

                                                  Name: John C.
Wobensmith

                                                  Title:  
Chief Financial Officer

       

      
        	
                                                             ________________________________

                                                        [Director]

              
	
                                                       

              
	
                                                            

              

      

      
 

       

       

       

    

    6kl02075_ex10-30.htm

    
      

    

     

    Exhibit 10.30

     

    
 

    AMENDMENT
AND SUPPLEMENT NO. 2 TO

    SENIOR
SECURED CREDIT AGREEMENT

     

    THIS
AMENDMENT AND SUPPLEMENT NO. 2 TO SENIOR SECURED CREDIT AGREEMENT (this “Amendment”) is made as of
February 13, 2008, by and among (1) GENCO SHIPPING & TRADING LIMITED, a
corporation organized and existing under the laws of the Republic of Marshall
Islands (the “Borrower”), (2) the banks
and financial institutions acceptable to the Borrower and Mandated Lead Arranger
(as defined below) as are signatories hereto, as lenders (the “Lenders”), and (3) DnB
NOR BANK ASA, acting through its New York branch (“DnB”) as Administrative Agent
(in such capacity, the “Administrative Agent”),
mandated lead arranger (in such capacity, the “Mandated Lead Arranger”), as
bookrunner (in such capacity, the “Bookrunner”), as security
trustee and as collateral agent under the Security Documents (in such capacity,
the “Collateral Agent”)
and amends and is supplemental to the Senior Secured Credit Agreement dated as
of July 20, 2007, as amended by that certain Amendment and Supplement No. 1
to the Senior Secured Credit Agreement dated as of September 21, 2007 (the
“Credit Agreement”),
made by and among the parties. All capitalized terms used herein and defined in
Section 13 of the Credit Agreement are used as therein defined.

     

    W I T N E S S E T
H:

     

    WHEREAS,
pursuant to the Credit Agreement, the Lenders made available to the Borrower a
senior secured credit facility in the amount of US$1,377,000,000 (the “Facility”);

     

    WHEREAS,
the Borrower has requested that the Lenders permit the Borrower to purchase or
redeem shares of common stock in the Borrower;

     

    WHEREAS,
the Lenders have agreed to permit the Borrower to purchase or redeem shares of
common stock in the Borrower subject to those terms and conditions as set forth
herein; and

     

    WHEREAS,
the Lenders and the Borrower have agreed to certain other amendments to the
Credit Agreement and to that certain Pledge and Security Agreement dated August
17, 2007, by and among the Borrower, the Administrative Agent and the Subsidiary
Guarantors (the “Pledge and Security Agreement”) and executed pursuant to
Section 7.03 of the Credit Agreement.

     

    NOW,
THEREFORE, in consideration of the premises and such other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged by the
parties, it is hereby agreed as follows:

     

    1.    Definitions.  Unless
otherwise defined herein, words and expressions defined in the Credit Agreement
have the same meanings when used herein, including in the recitals
hereto.

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    2.    Representations and
Warranties.  The Borrower hereby reaffirms, as of the date
hereof, each and every representation and warranty made thereby in the Credit
Agreement, the Note and the Security Documents (updated mutatis
mutandis).

     

    3.    No
Defaults.  The Borrower hereby represents and warrants that as
of the date hereof no Event of Default or event which, with the passage of time,
giving of notice or both would become an Event of Default, has
occurred.

     

    4.    Performance of
Covenants.  The Borrower hereby reaffirms that it has duly
performed and observed the covenants and undertakings set forth in the Credit
Agreement, the Note and the Security Documents, on its part to be performed, and
the Borrower covenants and undertakes to continue duly to perform and observe
such covenants and undertakings so long as the Credit Agreement, as the same is
amended hereby and may hereafter be amended or supplemented, shall remain in
effect.

     

    5.    Amendments to the Credit
Agreement.  Subject to the terms and conditions of this
Amendment, the Credit Agreement is hereby amended and supplemented as
follows:

     

    (a) All
references to “this Agreement” shall be deemed to refer to the Credit Agreement,
as further amended and supplemented hereby.

     

    (b) The text
of Section 11.03(ii) shall be amended by deleting the word “and” at the end of
the last line of this subsection.

     

    (c) The
following subsection (iii) shall be added to Section 11.03 of the Credit
Agreement:

     

    “(iii)                      the
Borrower may purchase or redeem shares of common stock in the Borrower in market
purchases under Rule 10b-18 or other purchases approved by the Borrower’s Board
of Directors, any committee thereof or any authorized officer in an amount up to
the Permitted Dividend Amount for the immediately preceding fiscal quarter;
provided that,
(A) no Default or Event of Default has occurred and is continuing at the time of
any such purchases, (B) no Default or Event of Default would arise after giving
effect to any such purchases and (C) the Borrower in the exercise of its rights
under this Section 11.03(iii) shall not be permitted to purchase or redeem
shares beneficially owned directly or indirectly by Peter Georgiopoulos;
and”.

     

    

    (d) Section
11.03(iii) of the Credit Agreement shall be renumbered accordingly as subsection
(iv).

     

    (e) The
definitions of “Permitted Dividend Amount” and “Permitted Dividend Carry Forward
Amount” in Section 13.01 shall be deleted and replaced in their entirety with
the following:

     

     

     

     

    
      
        
        

      

      
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    “Permitted Dividend
Amount” shall mean, for each fiscal quarter of the Borrower, (i) the sum
of (x) Available Cash for such fiscal quarter and (y) the Permitted Dividend
Carry Forward Amount for the immediately preceding fiscal quarter minus (ii) the sum of
(a) the Fleet Maintenance Reserve for such fiscal quarter (b) the Fleet Renewal
Reserve for such fiscal quarter, and (c) Consolidated Interest Expense for such
fiscal quarter; provided that the aggregate
amount of all Dividends made pursuant to Sections 11.03(ii) and (iii) as a
result of this subclause (y) shall not exceed US$150,000,000.

     

    “Permitted Dividend Carry
Forward Amount” shall mean (i) for the fiscal quarter ending June 30,
2005, zero, and (ii) for each fiscal quarter thereafter, the Permitted Dividend
Amount for such fiscal quarter; provided that to the
extent the Permitted Dividend Amount for any fiscal quarter is a positive
amount, only the portion of the Permitted Dividend Amount that has not been
distributed as a Dividend pursuant to Section 11.03(ii) or (iii) shall be
included in the calculation of this clause (ii)”.

     

    6.    Fees and
Expenses.  The Borrower shall pay promptly to the Lenders all
costs and expenses (including reasonable legal fees) of the Lenders in
connection with the preparation and execution of this Amendment.

     

    7.    No Other
Amendment.  All other terms and conditions of the Credit
Agreement shall remain in full force and effect and the Credit Agreement shall
be read and construed as if the terms of this Amendment were included therein by
way of addition or substitution, as the case may be.

     

    8.    Amendment to the Pledge and
Security Agreement.  Annex A to the Pledge and Security
Agreement shall be amended by adding the following information to the last row
of the table contained therein:

     

    “GENCO
WISDOM LIMITED      Marshall
Islands        N/A”.

     

    9.    Other
Documents.  By the execution and delivery of this Amendment,
each of the parties hereby consents and agrees that all references in the Note
and the Security Documents to the Credit Agreement shall be deemed to refer to
the Credit Agreement as amended and supplemented by this
Amendment.  By the execution and delivery of this Amendment, the
Borrower hereby consents and agrees that the Security Documents and any other
documents that have been or may be executed as security for the Facility and any
of its obligations under the Credit Agreement, the Note or any Security Document
shall remain in full force and effect notwithstanding the amendments
contemplated hereby.

     

    10.   Governing
Law.  This Amendment shall be governed by and construed in
accordance with the laws of the State of New York.

     

    11.   Further
Assurances.  The Borrower hereby consents and agrees that if
this Amendment or any of the Security Documents shall at any time be deemed by
the Lenders for

     

     

     

    
      
        
        

      

      
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    any
reason insufficient in whole or in part to carry out the true intent and spirit
hereof or thereof, it will execute or cause to be executed such other and
further assurances and documents as in the reasonable opinion of the Lenders may
be reasonably required in order more effectively to accomplish the purposes of
this Amendment or any of the Security Documents.

     

    12.   Counterparts.  This
Amendment may be executed in as many counterparts as may be deemed necessary or
convenient, and by the different parties hereto on separate counterparts each of
which, when so executed, shall be deemed to be an original but all such
counterparts shall constitute but one and the same agreement.

     

    13.   Headings;
Amendment.  In this Amendment, section headings are inserted
for convenience of reference only and shall be ignored in the interpretation of
this Amendment.  This Amendment cannot be amended other than by
written agreement signed by the parties hereto.

     

     

     

     

    
      
         

      

      
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    IN
WITNESS WHEREOF, each of the parties hereto has executed this Amendment by its
duly authorized representative on the day and year first above
written.

     

    BORROWER:

    

    GENCO SHIPPING & TRADING
LIMITED, as Borrower

    

    By /s/ John C.
Wobensmith            

    Name: John C. Wobensmith

    Title:   Chief Financial
Officer

    

    Address:

    

    299 Park
Avenue, 20th floor

    New York,
NY 10171

    Telephone:(646)
443-8550

    Facsimile:  (646)
443-8551

    

     

    
 

    
      
         

      

      
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    LENDERS:

    

    DNB NOR BANK ASA, NEW YORK

    BRANCH, as Administrative
Agent,

    Collateral
Agent, Mandated Lead Arranger,

    Bookrunner
and a Lender

    

    

    By  /s/ Nikolai A.
Nachamkin                

    Name: Nikolai A. Nachamkin

    Title:   Senior Vice
President

    

    

    By  /s/ Cathleen
Buckley                       

    Name: Cathleen Buckley

    Title:   Vice
President

     

     

     

    
 

    
      
         

      

      
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    BANK OF SCOTLAND
PLC,

    as a
Lender

     

    By  /s/ Brian R.
Allan                         

            Name:
Brian R. Allan

            Title:  
Director, Marine Finance

     

    By  /s/ Alan
Boothby                       

            Name:
Alan Boothby

            Title:  
Director, Marine Finance

     

     

     

    
      
         

      

      
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    WEST LB,
NEW YORK BRANCH,

    as a
Lender

     

    By  /s/ Renata
Gontijo                    

            Name:  Renata
Gontijo

            Title:  Director

     

    By  /s/ Jeff
Nelson                           

            Name:
Jeff Nelson

            Title:  
Executive Director

     

     

     

    
      
         

      

      
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    ALLIANCE
& LEICESTER 

    COMMERCIAL
FINANCE PLC,

    as a
Lender

     

    By  /s/ Chris
Jones                             

            Name:
Chris Jones

            Title:  
Director of Corporate &

           
Structured Finance

     

    By  /s/ Mark
McCarthy               
      

          Name:
Mark McCarthy

          Title:  
Head of Shipping

     

     

     

    
      
         

      

      
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    CREDIT
INDUSTRIEL ET COMMERCIAL, NEW YORK BRANCH,

    as a
Lender

     

    By  /s/ Alex
Aupoix

               Name:  Alex
Aupoix

               Title:  Vice
President

     

    By  /s/ Adrienne
Molloy

               Name:  Adrienne
Molloy

               Title:  Vice
President

     

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    
 

    DEXIA
BANK BELGIUM SA/NV,

    as a
Lender

     

    By  /s/ Marc
Lauwers                        

            Name:
Marc Lauwers

            Title:  
Member of the Management Board

    

     

    By  /s/ D.
Gyselinck                          

           Name:
D. Gyselinck

           Title:  
Member of the Management Board

     

     

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    
 

    LLOYDS
TSB BANK,

    as a
Lender

     

    By  /s/ Nadeem
Samaha                  

            Name:
Nadeem Samaha

            Title:  
Associate

     

    By  /s/ David
Sumner                      

            Name:
David Sumner

            Title:  
Associate Director

     

     

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    
 

    SWEDBANK
AB (PUBL),

    as a
Lender

     

    By  /s/ Dagobert
Billsten             
             

            Name:
Dagobert Billsten

            Title:  
Attorney-in-Fact

     

    By____________________________

               Name:

               Title:

     

     

     

     

     

     

    
 

     

    13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]