PLAN SUPPORT AGREEMENTPlan Support Agreement • April 30th, 2009 • U.S. Shipping Partners L.P. • Water transportation • New York
This PLAN SUPPORT AGREEMENT (including the Term Sheet (as defined below), this “Agreement”), dated as of April 23, 2009, is entered into by and among (i) U.S. Shipping Partners L.P. (“USSP”), U.S. Shipping Finance Corp., U.S. Shipping Operating LLC, USS Chartering LLC, USS ATB 1 LLC, USS ATB 2 LLC, USS ATB 3 LLC, USS ATB 4 LLC, USS M/V Houston LLC, ITB Mobile LLC, USCS Chemical Pioneer Inc., ITB Groton LLC, ITB New York LLC, ITB Jacksonville LLC, ITB Baltimore LLC, USCS ATB LLC, USCS Sea Venture LLC, ITB Philadelphia LLC, USCS Chemical Chartering LLC, USCS Charleston Chartering LLC, USCS Charleston LLC, USS JV Manager Inc., USS Product Manager LLC, USS PC Holding Corp., US Shipping General Partner LLC (“USSGP”), and USS Product Carriers LLC (the “U.S. Shipping Entities”), (ii) the undersigned lenders party to the First Lien Credit Agreement (as defined herein) (each, a “Senior Secured Lender” and collectively, the “Senior Secured Lenders”), and (iii) the undersigned holders of Second L
