0000950123-09-050159 Sample Contracts

FORM OF MANAGEMENT AGREEMENT
Management Agreement • October 14th, 2009 • Baltic Trading LTD • New York

THIS MANAGEMENT AGREEMENT (as the same may be amended or modified from time to time, this “Agreement”) is dated as of , 2009 and is by and between Baltic Trading Limited, a Marshall Islands corporation (the “Company”), and Genco Shipping & Trading Limited, a Marshall Islands corporation (“Genco” or the “Manager”).

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