FORM OF MANAGEMENT AGREEMENTManagement Agreement • October 14th, 2009 • Baltic Trading LTD • New York
Contract Type FiledOctober 14th, 2009 Company JurisdictionTHIS MANAGEMENT AGREEMENT (as the same may be amended or modified from time to time, this “Agreement”) is dated as of , 2009 and is by and between Baltic Trading Limited, a Marshall Islands corporation (the “Company”), and Genco Shipping & Trading Limited, a Marshall Islands corporation (“Genco” or the “Manager”).