AGREEMENT AND PLAN OF MERGER by and among GENCO SHIPPING & TRADING LIMITED, POSEIDON MERGER SUB LIMITED and BALTIC TRADING LIMITED, Dated as of April 7, 2015Merger Agreement • April 8th, 2015 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York
THIS AGREEMENT AND PLAN OF MERGER, dated as of April 7, 2015 (this "Agreement"), is made by and among Genco Shipping & Trading Limited, a corporation organized under the Laws of the Republic of the Marshall Islands ("Parent"), Poseidon Merger Sub Limited, a corporation organized under the Laws of the Republic of the Marshall Islands and a wholly owned Subsidiary of Parent ("Merger Sub"), and Baltic Trading Limited, a corporation organized under the Laws of the Republic of the Marshall Islands (the "Company"). Parent, Merger Sub and the Company are each referred to herein as a "Party" and collectively as the "Parties."
