SEC Contract Filing

Filing Date: 2016-03-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>11
<FILENAME>c041-20151231ex103d5ae12.htm
<DESCRIPTION>EX-10.3
<TEXT>
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 EX 103
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 <a name="_GoBack"></a><font style="display: inline;font-weight:bold;">EXHIBIT</font><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;">10.3</font>
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 <font style="display: inline;color:#000000;">WAIVER AND AMENDMENT</font>
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 <font style="display: inline;color:#000000;">TO</font>
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 <font style="display: inline;color:#000000;">FACILITY AGREEMENT PROVIDING FOR A </font><br /><font style="display: inline;color:#000000;">SENIOR SECURED TERM LOAN</font>
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 <font style="display: inline;color:#000000;">OF US$52,305,238.13</font>
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 <font style="display: inline;color:#000000;">dated June 10, 2015,</font>
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 <font style="display: inline;color:#000000;">DRY BULK AMERICAS LTD. </font><br /><font style="display: inline;color:#000000;">and </font><br /><font style="display: inline;color:#000000;">DRY BULK AUSTRALIA LTD. </font><br /><font style="display: inline;color:#000000;">as Joint and Several Borrowers,</font>
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 <font style="display: inline;color:#000000;">The Banks and Financial Institutions listed on Schedule I thereto,</font>
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 <font style="display: inline;color:#000000;">as Lenders,</font>
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 <font style="display: inline;color:#000000;">AND</font>
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 <font style="display: inline;color:#000000;">ING BANK N.V., LONDON BRANCH </font><br /><font style="display: inline;color:#000000;">as Facility Agent and as Security Trustee</font>
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 <font style="display: inline;color:#000000;">INTERNATIONAL SHIPHOLDING CORPORATION, </font><br /><font style="display: inline;color:#000000;">and </font><br /><font style="display: inline;color:#000000;">GULF SOUTH SHIPPING PTE. LTD. </font><br /><font style="display: inline;color:#000000;">as Guarantors</font>
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 <font style="display: inline;color:#000000;">Dated as of October 23, 2015</font>
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 &nbsp;
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 <p style="margin:0.2pt 3.6pt 0pt 0pt;line-height:10.4pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;;font-size: 11pt"><font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;">WAIVER AND AMENDMENT</font>
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 <font style="display: inline;color:#000000;font-size:11.5pt;">THIS WAIVER AND AMENDMENT (this </font><font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;">"Waiver and Amendment")</font><font style="display: inline;color:#000000;font-size:11.5pt;"> is dated as of October 23, 2015, by and among (1) DRY BULK AMERICAS LTD., a corporation organized and existing under the laws of the British Virgin Islands </font><font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;">("Dry Bulk Americas")</font><font style="display: inline;color:#000000;font-size:11.5pt;"> and DRY BULK AUSTRALIA LTD., a corpo