AMENDMENT NO. 1 TO FORBEARANCE AND STANDSTILL AGREEMENTForbearance and Standstill Agreement • February 2nd, 2016 • Eagle Bulk Shipping Inc. • Deep sea foreign transportation of freight • New York
This AMENDMENT NO. 1 TO THE FORBEARANCE AND STANDSTILL AGREEMENT (as defined below), dated as of February 1, 2016 (this “Amendment”), is 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 Forbearance Agreement 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 Forbearance Agreement as “Specified Lenders” (such parties, constituting all of the “Specified Lenders” under and as defined in the Forbearance Agreement, collectively, the “Specified Lenders”, and any one of them, individually, a "Specified Lender") (the Specified Lenders together with the Obligors, collectively, the “Parties”, and any one of them, ind
