SECOND POOLED ASSIGNMENT AND AMENDMENTAssignment and Amendment • May 16th, 2006 • Overseas Shipholding Group Inc • Deep sea foreign transportation of freight • New York
POOLED ASSIGNMENT AND AMENDMENT (this "Amendment"), dated as of May 10, 2006, among OVERSEAS SHIPHOLDING GROUP, INC., a Delaware corporation ("OSG"), OSG BULK SHIPS, INC., a New York corporation ("OSG Bulk") and OSG INTERNATIONAL, INC., a Marshall Islands corporation ("OSG International" and together with OSG and OSG Bulk, collectively, the "Borrowers" and each a "Borrower"), the Lenders party to the Credit Agreement referred to below immediately prior to giving effect to this Amendment (the "Existing Lenders"), DnB NOR BANK ASA, NEW YORK BRANCH, as Administrative Agent (in such capacity, the "Administrative Agent"), and each of the lenders listed on Schedule A hereto (the "New Lenders"). All capitalized terms used herein and not otherwise defined herein shall have the respective meanings provided to such terms in the Credit Agreement referred to below.
