Common use of Acquisitions, Charter Parties and Finance Clause in Contracts

Acquisitions, Charter Parties and Finance. The Manager shall provide strategic, corporate planning, business development and advisory services to the Company, including the following: (a) providing general strategic planning services and implementing corporate strategy, including developing acquisition and divestiture strategies; (b) identifying, negotiating and securing opportunities for the Company to acquire or to construct Drybulk Carriers, and negotiating and carrying out the purchase of existing and any newbuilding Drybulk Carriers; (c) (i) identifying, negotiating and securing opportunities for the Company to acquire or merge with companies or other Persons that own or operate Drybulk Carriers or are otherwise involved in the drybulk shipping industry, (ii) negotiating and carrying out the purchase of such companies or other Persons, and (iii) working to integrate any such acquired businesses; (d) maintaining and managing relationships between the Company and the Charterers and potential charterers, shipbuilders, insurers, Lenders and potential financiers of the Company and other shipping industry participants; (e) arranging, negotiating and procuring pre-delivery and post-delivery financing or refinancing for the construction of any Drybulk Carriers and financing or refinancing for the acquisition of existing Drybulk Carriers; (f) identifying, negotiating and implementing potential divestitures or dispositions of any of the Vessels and any other of the Company’s Drybulk Carrier Assets, and evaluating and recommending the sale of all or any part of the Business; (g) identifying, investigating and implementing tax planning, leasing or other tax savings initiatives; (h) assisting the Company in connection with any future offerings of Common Shares or other securities the Company may determine is desirable, all under the direction and supervision of the Board of Directors, the President, and the Chief Financial Officer; (i) subject to the oversight of the Board of Directors and supervision of the President and the Chief Financial Officer, generally undertaking the day-to-day management of the Business; and (j) providing such other strategic, corporate planning, business development and advisory services as the Company may reasonably request from time to time. If, pursuant to the provision of Strategic Services, the Manager identifies a potential opportunity for the Company (“Strategic Opportunity”) and subject to allocations of corporate opportunities to Genco pursuant to the Company’s Articles of Incorporation and the Omnibus Agreement, (i) the Manager shall present the Strategic Opportunity to the President and the Chief Financial Officer for further consideration and presentation to the Board of Directors, and (ii) the Board of Directors or an appropriate committee thereof shall approve or reject the Strategic Opportunity.

Acquisitions, Charter Parties and Finance. The Manager shall provide strategic, corporate planning, business development and advisory services to the Company, including the followingCompany as follows: (a) providing general strategic planning services identifying, negotiating and implementing corporate strategysecuring opportunities for the Company to acquire or to construct Containerships, including developing acquisition and divestiture strategiesnegotiating and carrying out the purchase of both new and used Containerships; (b) identifying, negotiating and securing opportunities for the Company to acquire or merge with companies, partnerships or other entities that own or operate Containerships or are otherwise involved in the container shipping industry and working to construct Drybulk Carriers, and negotiating and carrying out the purchase of existing and any newbuilding Drybulk Carriersintegrate such acquired businesses; (c) (i) identifying, negotiating and securing opportunities charterers and charter parties and other employment for the Company to acquire or merge with companies Company’s vessels and the conclusion (including the execution thereof) of charter parties or other Persons that own or operate Drybulk Carriers or are otherwise involved in contracts relating to the drybulk shipping industryemployment of the Company’s vessels, (ii) negotiating for and carrying out on behalf of the purchase of such companies or other Persons, and (iii) working to integrate any such acquired businessesCompany; (d) maintaining and managing relationships between the Company and the Charterers and potential charterers, shipbuilders, insurers, Lenders and potential financiers of the Company and other shipping industry participants; (e) arranging, negotiating and procuring pre-delivery and post-delivery financing or refinancing for the construction of any Drybulk Carriers containerships and financing or refinancing for the acquisition of existing Drybulk Carriersused Containerships; (f) identifying, negotiating and implementing securing potential divestitures or dispositions of any of the Vessels Company’s vessels and any other of the Company’s Drybulk Carrier Containership Assets, and evaluating and recommending the sale of all or any part of the Businessbusiness owned by the Company; (g) identifying, investigating and implementing tax planning, leasing or other tax savings initiatives; (h) assisting the Company in connection with any future offerings of Common Shares or other securities the Company may determine is desirableproviding general strategic planning services and implementing corporate strategy, all under the direction including, but not limited to, developing acquisition and supervision of the Board of Directors, the President, and the Chief Financial Officer;divestiture strategies; and (i) subject to the oversight of the Board of Directors and supervision of the President and the Chief Financial Officer, generally undertaking the day-to-day management of the Business; and (j) providing such other strategic, corporate planning, business development and advisory services as the Company may reasonably request identify from time to time. If, If pursuant to the provision of Strategic Services, the Manager identifies a potential opportunity for the Company (“Strategic Opportunity”) and subject to allocations of corporate opportunities to Genco pursuant to the Company’s Articles of Incorporation and the Omnibus Agreement), (i) the Manager shall present the Strategic Opportunity to the President Chief Executive Officer and the Chief Financial Officer for further consideration and presentation to the Board of Directors, and (ii) the Board of Directors or an appropriate committee thereof who shall then approve or reject the Strategic Opportunity.

Acquisitions, Charter Parties and Finance. The Manager shall provide strategic, corporate planning, business development and advisory services to the Company, including the following: (a) providing general strategic planning services and implementing corporate strategy, including developing acquisition and divestiture strategies; (b) identifying, negotiating and securing opportunities for the Company to acquire or to construct Drybulk CarriersTankers, and negotiating and carrying out the purchase of existing and any newbuilding Drybulk CarriersTankers; (c) (i) identifying, negotiating and securing opportunities for the Company to acquire or merge with companies or other Persons that own or operate Drybulk Carriers Tankers or are otherwise involved in the drybulk shipping industryconventional oil or product tanker industries, (ii) negotiating and carrying out the purchase of such companies or other Persons, and (iii) working to integrate any such acquired businesses; (d) maintaining and managing relationships between the Company and the Charterers and potential charterers, shipbuilders, insurers, Lenders and potential financiers of the Company and other shipping industry participants; (e) subject to any Warehousing Service provided other than by the Manager, arranging, negotiating and procuring pre-delivery and post-delivery financing or refinancing for the construction of any Drybulk Carriers Tankers and financing or refinancing for the acquisition of existing Drybulk CarriersTankers; (f) identifying, negotiating and implementing potential divestitures or dispositions of any of the Vessels and any other of the Company’s Drybulk Carrier Tanker Assets, and evaluating and recommending the sale of all or any part of the Tanker Business; (g) identifying, investigating and implementing tax planning, leasing or other tax savings initiatives; (h) assisting the Company in connection with any future offerings of Common Shares or other securities the Company may determine is desirable, all under the direction and supervision of the Board of Directors, the President, Directors and the Chief Financial Executive Officer; (i) subject to the oversight of the Board of Directors and supervision of the President and the Chief Financial Executive Officer, generally undertaking the day-to-day management of the Tanker Business; and (j) providing such other strategic, corporate planning, business development and advisory services as the Company may reasonably request from time to time. If, If pursuant to the provision of Strategic Services, the Manager identifies a potential opportunity for the Company (“Strategic Opportunity”) and subject to allocations of corporate opportunities to Genco Teekay Corporation pursuant to the Company’s Articles of Incorporation and the Omnibus Contribution Agreement, (i) the Manager shall present the Strategic Opportunity to the President Chief Executive Officer and the Chief Financial Officer for further consideration and presentation to the Board of Directors, and (ii) the Board of Directors or an appropriate committee thereof shall approve or reject the Strategic Opportunity.

Acquisitions, Charter Parties and Finance. The Manager shall will provide strategic, corporate planning, business development and advisory services to the Company, including the followingCompany as follows: (a) providing general strategic planning services identifying, negotiating and implementing corporate strategysecuring opportunities for the Company to acquire or to construct Containerships, including developing acquisition and divestiture strategiesnegotiating and carrying out the purchase of both new and existing Containerships; (b) identifying, negotiating and securing opportunities for the Company to acquire or merge with companies, partnerships or other entities that own or operate Containerships or are otherwise involved in the container shipping industry and working to construct Drybulk Carriers, and negotiating and carrying out the purchase of existing and any newbuilding Drybulk Carriersintegrate such acquired businesses; (c) (i) identifying, negotiating and securing opportunities charterers and charter parties and other employment for the Company to acquire or merge with companies Vessels and the conclusion (including the execution thereof) of charter parties or other Persons that own or operate Drybulk Carriers or are otherwise involved in contracts relating to the drybulk shipping industryemployment of the Vessel, (ii) negotiating for and carrying out on behalf of the purchase of such companies or other Persons, and (iii) working to integrate any such acquired businessesCompany; (d) maintaining and managing relationships between the Company and the Charterers and potential charterers, shipbuilders, insurers, Lenders and potential financiers of the Company and other shipping industry participants; (e) arranging, negotiating and procuring pre-delivery and post-delivery financing or refinancing for the construction of any Drybulk Carriers containerships and financing or refinancing for the acquisition of existing Drybulk Carriersused Containerships; (f) identifying, negotiating and implementing securing potential divestitures or dispositions of any of the Vessels and any other of the Company’s Drybulk Carrier Containership Assets, and evaluating and recommending the sale of all or any part of the Businessbusiness owned by the Company; (g) identifying, investigating and implementing tax planning, leasing or other tax savings initiatives; (h) assisting the Company in connection with any future offerings of Common Shares or other securities the Company may determine is desirableproviding general strategic planning services and implementing corporate strategy, all under the direction including, but not limited to, developing acquisition and supervision of the Board of Directors, the President, and the Chief Financial Officer;divestiture strategies; and (i) subject to the oversight of the Board of Directors and supervision of the President and the Chief Financial Officer, generally undertaking the day-to-day management of the Business; and (j) providing such other strategic, corporate planning, business development and advisory services as the Company may reasonably request identify from time to time. If, If pursuant to the provision of Strategic Services, the Manager identifies a potential opportunity for the Company (the “Strategic Opportunity”) and subject to allocations of corporate opportunities to Genco pursuant to the Company’s Articles of Incorporation and the Omnibus Agreement), (i) the Manager shall will present the Strategic Opportunity to the President Chief Executive Officer and the Chief Financial Officer Officer, for further consideration and presentation to the Board of Directors, and (ii) the Board of Directors or an appropriate committee thereof shall who will then approve or reject the Strategic Opportunity.

Acquisitions, Charter Parties and Finance. The Manager shall will provide strategic, corporate planning, business development and advisory services to the Company, including the followingCompany as follows: (a) providing general strategic planning services identifying, negotiating and implementing corporate strategysecuring opportunities for the Company to acquire or to construct Crude Carriers, including developing acquisition and divestiture strategiesnegotiating and carrying out the purchase of both new and existing Crude Carriers; (b) identifying, negotiating and securing opportunities for the Company to acquire or to construct Drybulk Carriers, and negotiating and carrying out the purchase of existing and any newbuilding Drybulk Carriers; (c) (i) identifying, negotiating and securing opportunities for the Company to acquire or merge with companies companies, partnerships or other Persons entities that own or operate Drybulk Crude Carriers or are otherwise involved in the drybulk crude oil shipping industry, (ii) negotiating industry and carrying out the purchase of such companies or other Persons, and (iii) working to integrate any such acquired businesses; (c) performing, or engaging third parties to perform, class records reviews and physical inspections and, at the request of the Company, making recommendations to the Company with respect to any additional Crude Carrier being considered for purchase by the Company; (d) at the request and under the direction of the Company, certain administrative services in connection with the purchase or sale or taking physical delivery of a Vessel by the Company or any Group Company; (e) identifying, negotiating and securing charterers and charter parties and other employment for the Vessels and the conclusion (including the execution) of charter parties or other contracts relating to the employment of the Vessels, for and on behalf of the Company or the Vessel Owners; (f) maintaining and managing relationships between the Company and the Charterers and potential charterers, shipbuilders, insurers, Lenders lenders and potential financiers of the Company and other shipping industry participants; (eg) arranging, negotiating and procuring pre-delivery and post-delivery financing or refinancing for the construction of any Drybulk Crude Carriers and financing or refinancing for the acquisition of existing Drybulk used Crude Carriers; (fh) identifying, negotiating and implementing securing potential divestitures or dispositions of any of the Vessels and any other of the Company’s Drybulk other Crude Carrier Assets, and evaluating and recommending the sale of all or any part of the BusinessCrude Carrier Business carried on by the Group; (gi) identifying, investigating and implementing tax planning, leasing or other tax savings initiatives; (hj) assisting the Company in connection with any future offerings of Common Shares or other securities the Company may determine is desirableproviding general strategic planning services and implementing corporate strategy, all under the direction including, but not limited to, developing acquisition and supervision of the Board of Directors, the President, and the Chief Financial Officer; (i) subject to the oversight of the Board of Directors and supervision of the President and the Chief Financial Officer, generally undertaking the day-to-day management of the Businessdivestiture strategies; and (jk) providing such other strategic, corporate planning, business development and advisory services as the Company may reasonably request identify from time to time. If, pursuant to the provision of Strategic Services, the Manager identifies a potential opportunity for the Company (“Strategic Opportunity”) and subject to allocations of corporate opportunities to Genco pursuant to the Company’s Articles of Incorporation and the Omnibus Agreement, (i) the Manager shall present the Strategic Opportunity to the President and the Chief Financial Officer for further consideration and presentation to the Board of Directors, and (ii) the Board of Directors or an appropriate committee thereof shall approve or reject the Strategic Opportunity.

Acquisitions, Charter Parties and Finance. The Manager shall provide strategic, corporate planning, business development and advisory services to the Company, including the following: (a) providing general strategic planning services and implementing corporate strategy, including developing acquisition and divestiture strategies; (b) identifying, negotiating and securing opportunities for the Company to acquire or to construct Drybulk CarriersTankers, and negotiating and carrying out the purchase of existing and any newbuilding Drybulk CarriersTankers; (c) (i) identifying, negotiating and securing opportunities for the Company to acquire or merge with companies or other Persons that own or operate Drybulk Carriers Tankers or are otherwise involved in the drybulk shipping industryconventional oil or product tanker industries, (ii) negotiating and carrying out the purchase of such companies or other Persons, and (iii) working to integrate any such acquired businesses; (d) maintaining and managing relationships between the Company and the Charterers and potential charterers, shipbuilders, insurers, Lenders and potential financiers of the Company and other shipping industry participants; (e) subject to any Warehousing Service provided other than by the Manager, arranging, negotiating and procuring pre-delivery and post-delivery financing or refinancing for the construction of any Drybulk Carriers Tankers and financing or refinancing for the acquisition of existing Drybulk CarriersTankers; (f) identifying, negotiating and implementing potential divestitures or dispositions of any of the Vessels and any other of the Company’s Drybulk Carrier 's Tanker Assets, and evaluating and recommending the sale of all or any part of the Tanker Business; (g) identifying, investigating and implementing tax planning, leasing or other tax savings initiatives; (h) assisting the Company in connection with any future offerings of Common Shares or other securities the Company may determine is desirable, all under the direction and supervision of the Board of Directors, the President, Directors and the Chief Financial Executive Officer; (i) subject to the oversight of the Board of Directors and supervision of the President and the Chief Financial Executive Officer, generally undertaking the day-to-day management of the Tanker Business; and (j) providing such other strategic, corporate planning, business development and advisory services as the Company may reasonably request from time to time. If, If pursuant to the provision of Strategic Services, the Manager identifies a potential opportunity for the Company (“Strategic Opportunity”) and subject to allocations of corporate opportunities to Genco Teekay Corporation pursuant to the Company’s 's Articles of Incorporation and the Omnibus Contribution Agreement, (i) the Manager shall present the Strategic Opportunity to the President Chief Executive Officer and the Chief Financial Officer for further consideration and presentation to the Board of Directors, and (ii) the Board of Directors or an appropriate committee thereof shall approve or reject the Strategic Opportunity.