0000912057-01-518848 Sample Contracts

RECITALS
Indemnification Agreement • June 6th, 2001 • General Maritime Ship Holdings LTD • Deep sea foreign transportation of freight • New York
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RELEASE
Release Agreement • June 6th, 2001 • General Maritime Ship Holdings LTD • Deep sea foreign transportation of freight

The undersigned ("Seller") acknowledges that, in accordance with the Plan of Recapitalization attached as Annex A to the [Contribution Agreement] (the "Contribution Agreement"), General Maritime Ship Holdings Ltd. (to be renamed "General Maritime Corporation") ("Purchaser") has agreed to indemnify Stephen A. Kaplan, Mark F. Polzin and Peter Georgiopoulos and certain of their affiliates (each of them, an "Indemnitee") from and against all liability incurred by an Indemnitee arising out of an Indemnitee being named to serve on the IPO pricing committee or arising out of an Indemnitee serving on such IPO pricing committee.

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