AMENDMENT NO. 1 TO INVESTMENT AGREEMENTInvestment Agreement • May 16th, 2011 • Oaktree Capital Management Lp • Deep sea foreign transportation of freight • New York
This AMENDMENT NO. 1 (this “Amendment”) to the Investment Agreement dated as of March 29, 2011 (the “Original Agreement”) is entered into as of May 6, 2011 by and between OCM Marine Investments CTB, Ltd., a Cayman Islands exempt company (“Investor”), and General Maritime Corporation, a Marshall Islands corporation (the “Company”). Each of the above referenced parties is sometimes herein referred to individually as a “Party” and collectively as the “Parties.”
CREDIT AGREEMENT among GENERAL MARITIME SUBSIDIARY CORPORATION and GENERAL MARITIME SUBSIDIARY II CORPORATION, each as Borrower, GENERAL MARITIME CORPORATION, as Parent OCM Marine Investments CTB, Ltd., as initial Lender and OCM Administrative Agent,...Credit Agreement • May 16th, 2011 • Oaktree Capital Management Lp • Deep sea foreign transportation of freight
THIS CREDIT AGREEMENT, dated as of March 29, 2011, among GENERAL MARITIME SUBSIDIARY CORPORATION, a Marshall Islands corporation and GENERAL MARITIME SUBSIDIARY II CORPORATION, a Marshall Islands corporation, (individually or collectively, as the context may require, referred to as “Borrower”), GENERAL MARITIME CORPORATION, a Marshall Islands corporation (“Parent”), the Lenders party hereto from time to time, and OCM Administrative Agent, LLC, as Administrative Agent (in such capacity, together with its successors and assigns, the “Administrative Agent”) and as Collateral Agent under the Security Documents (in such capacity, together with its successors and assigns, the “Collateral Agent”). All capitalized terms used herein and defined in Section 11 are used herein as therein defined.
INVESTMENT AGREEMENT by and between OCM MARINE INVESTMENTS CTB, LTD., a Cayman Islands exempt company, and GENERAL MARITIME CORPORATION, a Marshall Islands corporation, dated as of March 29, 2011Investment Agreement • May 16th, 2011 • Oaktree Capital Management Lp • Deep sea foreign transportation of freight • New York
This Investment Agreement (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) is entered into as of March 29, 2011, by and between OCM Marine Investments CTB, Ltd., a Cayman Islands exempt company (“Investor”), and General Maritime Corporation, a Marshall Islands corporation (the “Company”). Each of the above referenced parties is sometimes herein referred to individually as a “Party” and collectively as the “Parties.”
General Maritime Corporation 2nd Floor New York, NY 10171Investment Agreement • May 16th, 2011 • Oaktree Capital Management Lp • Deep sea foreign transportation of freight • New York
Reference is hereby made to the Investment Agreement (the “Investment Agreement”), dated as of the date hereof, by and between OCM Marine Investments CTB, Ltd., a Cayman Islands exempt company (“Investor”), and General Maritime Corporation, a Marshall Islands corporation (the “Company”), pursuant to which, as additional consideration for Investor’s extensions of credit under the Credit Agreement (the “Loan”), among other things, the Company has agreed to issue to Investor warrants to acquire Common Stock. Unless the context requires otherwise or as otherwise specified herein, capitalized terms used but not defined herein shall have the meanings ascribed to them in the Investment Agreement.
REDEMPTION AND CONTRIBUTION AGREEMENTRedemption and Contribution Agreement • May 16th, 2011 • Oaktree Capital Management Lp • Deep sea foreign transportation of freight • New York
This Redemption and Contribution Agreement (this “Agreement”) is entered into on May 6, 2011, by and between OCM Marine Investments CTB, Ltd., a Cayman Islands exempted company (“Borrower”), and OCM Marine Holdings TP, L.P., a Cayman Islands exempted limited partnership (“Lender”).
JOINT FILING AGREEMENTJoint Filing Agreement • May 16th, 2011 • Oaktree Capital Management Lp • Deep sea foreign transportation of freight
Pursuant to Rule 13(d)-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, each of the undersigned acknowledges and agrees that the foregoing statement on Schedule 13D is filed on behalf of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of the undersigned without the necessity of filing additional joint acquisition statements. Each of the undersigned acknowledges that it shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that it knows or has reason to believe that such information is inaccurate.
ContractRegistration Rights Agreement • May 16th, 2011 • Oaktree Capital Management Lp • Deep sea foreign transportation of freight • New York
This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of May 6, 2011 by and among General Maritime Corporation, a Marshall Islands corporation (the “Company”), and each of (i) Peter C. Georgiopoulos, an individual residing at 47 Charles St., New York, New York 10014, (ii) PCG Boss Limited, a Delaware corporation (together with Mr. Georgiopoulos, the “PCG Parties”), (iii) OCM Marine Investments CTB, Ltd., a Cayman Islands exempted company (“Investor”), and (iv) OCM Marine Holdings TP, L.P., a Cayman Islands exempted limited partnership (“Marine Holdings” and, together with Investor, “Oaktree”).
