0000922423-06-000315 Sample Contracts

Genco Shipping & Trading Limited Director Restricted Stock Grant Agreement
Director Restricted Stock Grant Agreement • February 27th, 2006 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York

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;

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Genco Shipping & Trading Limited Executive Officer Restricted Stock Grant Agreement
Officer Restricted Stock Grant Agreement • February 27th, 2006 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York

THIS AGREEMENT, made as of December 21, 2005, between GENCO SHIPPING & TRADING LIMITED (the “Company”) and ROBERT GERALD BUCHANAN (the “Participant”).

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Genco Shipping & Trading Limited Executive Officer Restricted Stock Grant Agreement
Restricted Stock Grant Agreement • February 27th, 2006 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York

THIS AGREEMENT, made as of October 31, 2005, between GENCO SHIPPING & TRADING LIMITED (the “Company”) and John C. Wobensmith (the “Participant”).

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