OSG SHIP MANAGEMENT, INC. Two Harbour Place Suite 1200 Tampa, FL 33602Overseas Shipholding Group Inc • March 27th, 2013 • Deep sea foreign transportation of freight • New York
This letter, when countersigned by you, will confirm our agreement as to your continuing employment with OSG Ship Management, Inc. (together with Overseas Shipholding Group, Inc., and their respective Successors and Assigns as defined in Section 3(d) hereof, the “Company”) in the position of President and Chief Executive Officer (“CEO”), commencing on February 11, 2013 (the “Effective Date”) in accordance with the terms and conditions of this letter agreement (this “Agreement”). This Agreement shall supersede and replace in its entirety the letter agreement between you and the Company, dated February 28, 2013 (the “Original Agreement”), and this Agreement shall be effective as of the Effective Date once executed by the parties hereto.
