LIMITED WAIVER TO THE LOAN AGREEMENT AND AMENDMENT NO. 2 TO FORBEARANCE AND STANDSTILL AGREEMENTForbearance and Standstill Agreement • February 9th, 2016 • Eagle Bulk Shipping Inc. • Deep sea foreign transportation of freight • New York
This LIMITED WAIVER TO THE LOAN AGREEMENT (as defined below) AND AMENDMENT NO. 2 TO THE FORBEARANCE AND STANDSTILL AGREEMENT (as defined below), dated as of February 9, 2016 (this “Waiver and 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 Loan Agreement and 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”), the banks and financial institutions party to the Loan Agreement as “Lenders” identified on the signature pages hereto and party to the Forbearance Agreement as “Specified Lenders” (such parties, constituting the Majority Lenders under and as defined in the Loan Agreement and all of the “Specified Lenders” under
