RESTRICTED STOCK UNIT AGREEMENT PURSUANT TO THE GENCO SHIPPING & TRADING LIMITED 2015 EQUITY INCENTIVE PLANAward Agreement • August 10th, 2017 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York
WHEREAS, this Restricted Stock Unit Award Agreement (this “Award Agreement”), dated as of the Grant Date specified above, is entered into by and between Genco Shipping & Trading Limited, a Marshall Islands corporation (the “Company”), and the Participant specified above, pursuant to the Genco Shipping & Trading Limited 2015 Equity Incentive Plan (the “Plan”); and
GENCO SHIPPING & TRADING LIMITEDGenco Shipping & Trading LTD • August 10th, 2017 • Deep sea foreign transportation of freight
Reference is made to that certain CREDIT AGREEMENT, dated as of November 10, 2016 (as in effect on the date hereof, the “Credit Agreement”), by and among GENCO SHIPPING & TRADING LIMITED, a company incorporated under the laws of the Republic of the Marshall Islands (the “Borrower”), the Lenders party thereto from time to time, and NORDEA BANK AB (PUBL), NEW YORK BRANCH (“Nordea”), as Administrative Agent (in such capacity, the “Administrative Agent”) and as Security Agent under the Security Documents (in such capacity, the “Security Agent”). Unless otherwise indicated, all capitalized terms used in this letter (this “Consent Letter”) and not otherwise defined shall have the respective meanings provided such terms in the Credit Agreement.
