4,200,000 Shares Genco Shipping & Trading Limited Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • February 14th, 2007 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York
We have acted as special Marshall Islands counsel to Genco Shipping & Trading Limited, a non-resident domestic company (the “Company”) organized under the laws of the Republic of the Marshall Islands (the “RMI”), and Fleet Acquisition LLC, a non-resident domestic company organized under the laws of the RMI (the “Selling Shareholder”), in connection with (i) the sale by the Selling Shareholder of 4,200,000 shares of common stock (the “Firm Shares”), par value $0.01 per share, of the Company (“Common Stock”), (ii) the possible sale by the Selling Shareholder of an additional 630,000 shares of Common Stock upon the exercise of the Underwriters’ over-allotment option (the “Additional Shares”), (iii) the Underwriting Agreement dated February 14, 2007 (the “Underwriting Agreement”) among the Company, the Selling Shareholder and Morgan Stanley & Co. Incorporated and Bear, Stearns & Co. Inc., as representatives of the several underwriters listed on Schedule II thereto (collectively, the “Under
