FORBEARANCE AND STANDSTILL AGREEMENTForbearance and Standstill Agreement • January 19th, 2016 • Eagle Bulk Shipping Inc. • Deep sea foreign transportation of freight • New York
FORBEARANCE AND STANDSTILL AGREEMENT, dated as of January 15, 2016 (as the same may be amended, restated, supplemented or otherwise modified from time to time, this “Forbearance Agreement”), by and among Eagle Bulk Shipping Inc., a corporation incorporated and existing under the laws of the Republic of the Marshall Islands (the “Borrower”), the companies party to the Loan Agreement (as defined below) as guarantors, each a limited liability company formed and existing under the laws of the Republic of the Marshall Islands (collectively, the “Guarantors” and, together with the Borrower, the “Obligors”, and any one of them, individually, an “Obligor”), and the banks and financial institutions party to the Loan Agreement as “Lenders” identified on the signature pages hereto (such Lenders, constituting the Majority Lenders under and as defined in the Loan Agreement, collectively, the “Specified Lenders”, and any one of them, individually, a "Specified Lender") (the Specified Lenders togethe
