0001558370-19-004699 Sample Contracts

Genco Shipping & Trading Limited Restricted Stock Unit Grant Agreement
Restricted Stock Unit Grant Agreement • May 9th, 2019 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York

THIS AGREEMENT, made as of March 4, 2019, between GENCO SHIPPING & TRADING LIMITED (the “Company”) and Apostolos Zafolias (the “Participant”).

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Genco Shipping & Trading Limited Executive Officer Restricted Stock Unit Grant Agreement
Executive Officer Restricted Stock Unit Grant Agreement • May 9th, 2019 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York

THIS AGREEMENT, made as of March 4, 2019, between GENCO SHIPPING & TRADING LIMITED (the “Company”) and John C. Wobensmith (the “Participant”).

Genco Shipping & Trading Limited Executive Officer Restricted Stock Unit Grant Agreement
Executive Officer Restricted Stock Unit Grant Agreement • May 9th, 2019 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York

WHEREAS, the Company has adopted and maintains the Genco Shipping & Trading Limited Amended and Restated 2015 Equity Incentive Plan (the “Plan”) to provide certain key persons, on whose initiative and efforts the successful conduct of the business of the Company depends, with incentives to: (a) enter into and remain in the service of the Company, (b) acquire a proprietary interest in the success of the Company, (c) maximize their performance and (d) enhance the long-term performance of the Company;

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